The Worldwide Video Inspection Equipment Industry is Expected to Reach $1.8 Billion by 2028

DUBLIN, Jan. 13, 2022 (GLOBE NEWSWIRE) — Video Inspection Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis report has been added ResearchAndMarkets.com Offer.

The global video inspection equipment market is forecast to grow from US$1,311.63 million in 2021 to US$1,834.35 million in 2028; It is estimated to grow at a CAGR of 4.9% between 2021 and 2028.

The offshore and onshore businesses in the oil and gas industry are growing significantly. Inspecting pipelines with camera systems is economical and fast for various industries such as oil & gas. Several companies such as B. Visioprobe, offer waterproof industrial inspection cameras for inspecting caissons, pipelines, tanks and pressure vessels for corrosion. The gas pipeline presents challenges for both metal and plastic pipelines where video inspection plays a crucial role. Compliance with standards in oil and gas industry for pipe inspection is stimulating video inspection equipment market growth due to operations such as production services, drilling, reservoir engineering, well maintenance, refining and transportation of petroleum products. All of the above operations require timely inspection of the pipeline.

As a result, the entire oil and gas inspection industry operates to rigorous standards and strives for efficient equipment. Applications in the oil and gas industry that require video inspection include burners and tips, compressors, pumps, gas lines, blast furnace shafts, gas and steam turbines, waste heat boiler shafts and steam lines.

Maverick Inspection Ltd. offers CSA certified explosion-proof video inspection equipment for various applications such as turbine blades, exchanger tubes and process troubleshooting. The company also offers industrial drone inspections with collision-tolerant drones specifically designed for internal inspections.

The video inspection equipment market is segmented on the basis of component, application, end-user, and geography. Based on the components, the market is segmented into Cameras, Vans, Monitors & Recorders, Software, and Others. The camera segment represented the largest share of the overall market in 2020. In terms of application, the video inspection equipment market is segmented into drain and sewer, electrical wire and duct, pipeline and others. In 2020, the Drain & Sewer segment held the substantial market share. Based on end-user, the market is segmented into Oil & Gas, Manufacturing & Construction, Food & Beverage, Chemical & Pharmaceutical, and Others. The oil and gas segment represented the largest market share in 2020. Geographically, the market is roughly segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). In 2020, North America accounted for the significant share of the global market.

Spain, Italy, Germany, the UK and France are among the most affected Member States in Europe due to the outbreak of COVID-19. Businesses in the region are facing serious financial difficulties, having either had to go out of business or significantly scale back their activities. The region is a major manufacturing and industrial center for sectors such as automotive, construction, energy and power, pharmaceuticals, and food and beverages. Various member states in Europe such as Italy, Spain, France, UK and Germany have introduced drastic measures and travel restrictions to limit the spread of the novel coronavirus among their citizens. Due to business lockdowns, travel restrictions and supply chain disruptions, Europe therefore experienced an economic slump in 2020, which continued in 2021.

The video inspection equipment market in Europe is witnessing an increasing demand and growth due to the strict quality and safety regulations imposed by industry/government in different countries. The lockdown has negatively impacted new industrial projects and investments in various European countries, thereby hampering the growth of the video inspection equipment market in this region. In addition, manufacturers of video inspection equipment in this region have faced supply problems due to the disrupted supply of raw materials and electronic components from China. The video inspection equipment markets in Italy, Spain, Germany, UK and France are expected to be hit the hardest in 2020 and 2021.

Some of the key players in the global video inspection equipment market are Envirosight LLC, Hathorn Corporation, CUES, Inc., Aries Industries, Inc., Rausch Electronics USA, LLC, Subsite Electronics, IBAK Helmut Hunger GmbH & Co. KG, Vivax- Metrotech Corp. , Extech Instruments and CDS Manufacturing.

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The story goes on

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Video Inspection Equipment Market.

  • Highlights key business priorities to help organizations realign their business strategies

  • The key findings and recommendations highlight crucial progressive industry trends in the global Video Inspection Equipment Market, thereby allowing players across the value chain to develop effective long term strategies

  • Develop/modify business expansion plans by leveraging significant growth offerings in both developed and emerging markets

  • Examine in-depth global market trends and prospects combined with the factors driving the market as well as those hindering it

  • Improve the decision-making process by understanding the strategies driving commercial interest around customer products, segmentation, pricing and distribution

Main topics covered:

1 Introduction

2. Key takings

3. Research methodology
3.1 Coverage
3.2 Desk Research
3.3 Primary Research

4. Video Inspection Equipment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Opinion

5. Video Inspection Equipment Market Dynamics
5.1 Market Drivers
5.1.1 Increasing awareness of efficient wastewater infrastructure
5.1.2 Increase in manufacturing and construction projects
5.2 Market Restrictions
5.2.1 Lack of awareness of video inspection equipment
5.3 Market Opportunities
5.3.1 Growing activities in the oil and gas industry
5.4 Future Trends
5.4.1 Advanced technology integration into video inspection equipment for enhanced capabilities
5.5 Impact Analysis of Drivers and Constraints

6. Video Inspection Equipment Market – Global Analysis
6.1 Global Video Inspection Equipment Market Overview
6.2 Video Inspection Equipment Market – Revenue and Forecast to 2028 (Million USD)
6.3 Market Positioning – Five Key Players

7. Video Inspection Equipment Market Analysis – By Components
7.1 Overview
7.2 Video Inspection Equipment Market Breakdown by Component, 2020 and 2028
7.3 Cameras
7.3.1 Overview
7.3.2 Cameras Market Revenue and Forecast to 2028 (Million USD)
7.4 Carriers
7.4.1 Overview
7.4.2 Vans Market Revenue and Forecast to 2028 (Million USD)
7.5 Monitors and Recorders
7.5.1 Overview
7.5.2 Monitors and Recorders Market Revenue and Forecast to 2028 (Million USD)
7.6 Software
7.6.1 Overview
7.6.2 Software Market Revenue and Forecast to 2028 (Million USD)
7.7 Other Components
7.7.1 Overview
7.7.2 Other Components Market Revenue and Forecast to 2028 (Million USD)

8. Video Inspection Equipment Market Revenue and Forecast to 2028 – Application
8.1 Overview
8.2 Global Video Surveillance Devices Market Breakdown by Application, 2020 and 2028
8.3 Drainage & Sewers
8.3.1 Overview
8.3.2 Drainage and Sewerage Market Forecast and Analysis
8.4 Electrical Wires and Ducts
8.4.1 Overview
8.4.2 Electrical Wires and Ducts Market Forecast and Analysis
8.5 Management
8.5.1 Overview
8.5.2 Pipeline Market Forecast and Analysis
8.6 Other Applications
8.6.1 Overview
8.6.2 Market Forecast and Analysis for Other Applications

9. Video Inspection Equipment Market Revenue and Forecast to 2028 – End Users
9.1 Overview
9.2 Global Video Surveillance Devices Market Breakdown by End-User, 2020 and 2028
9.3 Oil and Gas
9.3.1 Overview
9.3.2 Oil and Gas Market Forecast and Analysis
9.4 Manufacturing & Construction
9.4.1 Overview
9.4.2 Manufacturing and Hardware Store Forecast and Analysis
9.5 Food and Drinks
9.5.1 Overview
9.5.2 Food and Beverage Market Forecast and Analysis
9.6 Chemicals and Pharmaceuticals
9.6.1 Overview
9.6.2 Chemicals and Pharmaceuticals Market Forecast and Analysis
9.7 Other End Users
9.7.1 Overview
9.7.2 Market Forecast and Analysis for Other End Users

10. Video Inspection Equipment Market – Geographical Analysis

11. Video Inspection Equipment Market-COVID-19 Impact Analysis
11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Middle East and Africa
11.6 South America

12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development

13. Company Profiles
13.1 Environment LLC
13.1.1 Important Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Hathorn Corporation
13.2.1 Important Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 CUES, Inc.
13.3.1 Important Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Aries Industries, Inc.
13.4.1 Important Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Rausch Electronics USA, LLC.
13.5.1 Important Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Electronics subpage
13.6.1 Important Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 IBAK Helmut Hunger GmbH & Co. KG
13.7.1 Important Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Major Developments
13.8 Vivax Metrotech Corp.
13.8.1 Important Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Extech Instruments
13.9.1 Important Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Major Developments
13.10 CDS Manufacturing
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14. Appendix

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