Global Acoustic Emission Testing Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024

Report Type : Global

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Global Acoustic Emission Testing Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

It’s a phenomenon when a piece of material is subjected to an external stimulus, such as a change in pressure, load, which triggers the release of energy in the stress wave’s form. Acoustic Emission is typically used to detect, locate, and differentiate damage in the material. The government initiatives for the implementation of the NDT solution are driving the market growth. And the key restraints of the acoustic emission market are its high set up cost and lack of skilled workforce.

Global Acoustic Emission Testing Market Report Segments Size & Growth:

Global Acoustic Emission Testing Market size is projected to reach approximately USD XX Million by the end of 2024 with a CAGR of close to XX% from USD XX Million in 2017 during the forecast timeline 2018-2024. Growing safety concerns to increase the productivity, monitoring the health assets using this Acoustic Emission Testing in the healthcare sector is elevating the growth of this market. Acoustic Emission Testing in inspection services does the necessary inspection of the equipment to be tested, and this market size is due to the benefits of

Global Acoustic Emission Testing Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Inspection Services.

Global Acoustic Emission Testing Market Report Segments Share:

By equipment type, the sensors segment is expected to hold the largest market share during the forecast period 2018-2024. These AE sensors convert the elastic waves surface movement into electric signals, which is measured next to some measurement equipment. The growth of the Acoustic Emission Market is directly proportional to the information provided by these acoustic emission sensors, which are necessary to monitor the behaviour of the equipment. By application, the storage tanks are expected to hold the largest share of the Middle East and Africa Acoustic Emission Market during the forecast period. Middle East Region has the largest share owing to increasing infrastructure in that region. North America has the largest market share over the forecasting period. This market share is credited due to the ageing infrastructure, government initiatives, and raising the scope of the

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Global Acoustic Emission Testing Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

effective solutions for structural monitoring in North America region.

With the increase in some structurally deficient bridges in the Europe regions, the need for structural monitoring is growing thus bringing the

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