LONDON, Sept. 7, 2016 /PRNewswire/ -- Analysis of the Global Corrosion Monitoring Market : Non-intrusive Corrosion Monitoring Using Ultrasonic Thickness Gauging Gaining in Prominence
End users are starting to prefer non-intrusive corrosion monitoring techniques in cases where the need for process-related information is not critical. This is mainly due to the inherent disadvantages related to safety in intrusive corrosion monitoring. The key technique under non-intrusive corrosion monitoring that has gained wide-scale adoption is ultrasonic thickness gauging based corrosion monitoring solutions. Approximately 80% of the total corrosion monitoring market revenue is derived from the oil and gas industry. Hence, the low oil prices are restraining the upstream and midstream oil and gas segments of the market. The impact on the downstream oil and gas segment has been fairly negligible.
Key Questions This Study Will Answer
How fast is the corrosion monitoring market growing and why? What is the rate at which the market will grow in the short, medium, and long terms?
What are the strategic growth regions and the factors driving and restraining these markets?
How is the growth compared between intrusive corrosion monitoring and non-intrusive corrosion monitoring? How is the market growth compared between hardware and services?
How is the competitive landscape? Is it ripe for acquisitions? Which are the companies that are losing and gaining market share and why?
What is the business model that is being deployed by most participants? Which are the business models that will provide the highest growth opportunities?
What has been the impact of oil prices on the corrosion monitoring market? Which are some of the end-user verticals, besides oil and gas, that will experience growth?
Download the full report: https://www.reportbuyer.com/product/4006916/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/analysis-of-the-global-corrosion-monitoring-market-300324374.html