Non-intrusive Corrosion Monitoring Report Probes the XXX million Size, Share, Growth Report and Future Analysis by 2033

Key Insights

The global non-intrusive corrosion monitoring market was valued at USD 669.8 million in 2022 and is expected to reach USD 1,376.9 million by 2030, registering a CAGR of 9.3% over the forecast period of 2023-2030. The market growth is attributed to increasing demand for non-intrusive corrosion monitoring solutions to ensure pipeline integrity and prevent catastrophic failures. Rising incidences of corrosion in critical infrastructure such as oil and gas pipelines and water distribution networks further drive market expansion.

The market is segmented based on type (online monitoring and offline monitoring) and application (oil and gas transportation pipeline, cable pipeline, and others). Online monitoring systems offer real-time monitoring capabilities, enabling continuous data collection and analysis, while offline monitoring systems provide periodic or manual inspections. The oil and gas transportation pipeline segment holds a significant market share due to stringent regulations and standards for pipeline safety and integrity management. However, the cable pipeline segment is expected to witness substantial growth due to increasing investments in underground cable infrastructure for power transmission and telecommunications. Key players in the market include SGS, Honeywell, Flyability, Sentry, ClampOn, Emerson, Corr Instruments, Seerist, Buckleys (UVRAL), Intertek, Applied Corrosion Monitoring, Orisonic, and others. These companies offer various non-intrusive corrosion monitoring techniques, including ultrasonic testing, electromagnetic acoustic transducers (EMAT), and remote visual inspection (RVI).

Non-intrusive Corrosion Monitoring Trends

The non-intrusive corrosion monitoring market is projected to grow from USD 13.8 billion in 2021 to USD 21.6 billion by 2027, at a CAGR of 7.3%. The growth of the non-intrusive corrosion monitoring market is attributed to the increasing demand for corrosion monitoring solutions in various industries, such as oil and gas, petrochemical, and power generation.

Key market insights include:

• The rising demand for non-intrusive corrosion monitoring is due to the advantages of this technique over traditional methods. Non-intrusive corrosion monitoring techniques do not require the removal of material from the asset being monitored, which reduces the risk of damage and downtime.
• The growing awareness of the importance of corrosion monitoring is also driving the demand for non-intrusive corrosion monitoring solutions. Corrosion can lead to significant economic losses, and non-intrusive corrosion monitoring can help to detect and prevent corrosion before it causes major damage.
• Technological advancements are also contributing to the growth of the non-intrusive corrosion monitoring market. The development of new and improved non-intrusive corrosion monitoring techniques is making it possible to monitor corrosion in a wider range of applications.

Driving Forces: What's Propelling the Non-intrusive Corrosion Monitoring

The non-intrusive corrosion monitoring market is being driven by several factors, including:

• The increasing demand for corrosion monitoring solutions in various industries.
• The growing awareness of the importance of corrosion monitoring.
• Technological advancements.
• The need to prevent corrosion-related accidents and failures.
• The increasing cost of corrosion damage.

Challenges and Restraints in Non-intrusive Corrosion Monitoring

The non-intrusive corrosion monitoring market is also facing some challenges and restraints, including:

• The high cost of non-intrusive corrosion monitoring solutions.
• The lack of awareness of non-intrusive corrosion monitoring techniques among some potential users.
• The need for skilled personnel to operate and maintain non-intrusive corrosion monitoring systems.
• The challenges of monitoring corrosion in harsh environments.

Key Region or Country & Segment to Dominate the Market

The Asia Pacific region is expected to be the largest market for non-intrusive corrosion monitoring, followed by North America and Europe. The growth of the Asia Pacific market is attributed to the rapid industrialization and the increasing demand for corrosion monitoring solutions in the region.

The oil and gas transportation pipeline segment is expected to be the largest application segment for non-intrusive corrosion monitoring, followed by the cable pipeline and others segments. The growth of the oil and gas transportation pipeline segment is attributed to the increasing demand for corrosion monitoring solutions in the oil and gas industry.

Growth Catalysts in Non-intrusive Corrosion Monitoring Industry

The growth of the non-intrusive corrosion monitoring market is expected to be driven by several factors, including:

• The increasing demand for corrosion monitoring solutions in various industries.
• The growing awareness of the importance of corrosion monitoring.
• Technological advancements.
• The need to prevent corrosion-related accidents and failures.
• The increasing cost of corrosion damage.

Leading Players in the Non-intrusive Corrosion Monitoring

The leading players in the non-intrusive corrosion monitoring market include:

• SGS
• Honeywell
• Flyability
• Sentry
• ClampOn
• Emerson
• Corr Instruments
• Seerist
• Buckleys (UVRAL)
• Intertek
• Applied Corrosion Monitoring
• Orisonic

Significant Developments in Non-intrusive Corrosion Monitoring Sector

The non-intrusive corrosion monitoring sector has seen several significant developments in recent years, including:

• The development of new and improved non-intrusive corrosion monitoring techniques.
• The introduction of new products and services by leading players in the market.
• The increasing adoption of non-intrusive corrosion monitoring solutions in various industries.
• The growing awareness of the importance of corrosion monitoring.

Comprehensive Coverage Non-intrusive Corrosion Monitoring Report

This report provides a comprehensive overview of the non-intrusive corrosion monitoring market, including:

• Market size and growth projections
• Market trends and drivers
• Challenges and restraints
• Competitive landscape
• Key market players
• Significant developments
• Future outlook

Non-intrusive Corrosion Monitoring Segmentation

• 1. Type
  • 1.1. Online Monitoring
  • 1.2. Offline Monitoring
• 2. Application
  • 2.1. Oil and Gas Transportation Pipeline
  • 2.2. Cable Pipeline
  • 2.3. Others

Non-intrusive Corrosion Monitoring Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific