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Technavio's Industrial Computed Tomography (CT) Equipment Market Research Report Highlights the Key Findings in the Area of Vendor Landscape, Key Market Segments, Regions, and Latest Trends and DriversNEW YORK, Jan. 20, 2022 /PRNewswire/ -- The latest market research report, "Industrial Computed Tomography Equipment Market by End-user, Application, and Geography - Forecast and Analysis 2021-2025" by Technavio infers that the technological benefits of using industrial CT is driving the industrial computed tomography (CT) equipment market's growth. The market growth momentum is likely to accelerate at a CAGR of 3.63%.
Resulting in the market growth of USD 51.50 million from 2020 to 2025, read additional information about the market, get a FREE sample report. Vendor Landscape Baker Hughes Co., Bruker Corp., Carl Zeiss AG, General Electric Co., Illinois Tool Works Inc., Nikon Corp., OMRON Corp., ProCon X-Ray GmbH, Shimadzu Corp., YXLON International GmbH among others are some of the few key vendors competing to maintain their market position in the market. Various players in the market are engaging in strategic partnerships and joint ventures coupled with launching differentiated products to up their game in the industrial computed tomography (CT) equipment industry. For instance, In November 2020, Baker Hughes Co. signed a contract to acquire Compact Carbon Capture (3C). In December 2020, the company announced the formation of a joint venture with Aramco. Product launches In December 2020, the company's subsidiary Waygate Technologies launched Industry's Fastest High Energy CT Scanner for Large Industrial Components. View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings. Key Market Segmentation
Request a FREE Sample of this report for more highlights into the market segments. Regional Market Outlook The region is home to several car manufacturing plants. This is due to the availability of low-cost labor in APAC countries such as China, India, Vietnam, South Korea, and Malaysia, as opposed to countries in other areas such as the United States, the United Kingdom, and Germany. Furthermore, the need for new oil and gas projects in APAC is being driven by the need for energy security. In countries like China, India, Pakistan, and Australia, significant investments are being made in the oil and gas business, notably in natural gas projects. Apart from regions, if we look at the country-wise market growth, the US, China, Germany, France, and Japan will contribute to the highest market growth. Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries. Latest Trends, Driving the Industrial Computed Tomography Equipment Market
The technological advantages of employing industrial computed tomography equipment are a major element driving the growth of the industrial CT equipment market. 3D CT reconstruction models can be easily compared to CAD models and other CT models to see how measurements, densities, and voids differ or are comparable. Modern industrial computed tomography scanners have made numerous advancements. As a result, it becomes a more realistic option for inspection purposes. These advantages are contributing to an increase in the use of industrial computed tomography equipment in the aerospace industry, where complex parts must work with extreme precision and reliability at high temperatures.
End-users are increasingly turning to portable radiography equipment, particularly in industries like oil and gas, where assets are spread across multiple locations. The use of portable industrial computed tomography equipment allows for inspection activities to be carried out in a variety of places and postures. Similarly, portable CT equipment can be used to inspect pipes at various places along the pipeline. The deployment of portable radiography equipment can also benefit the automotive and aerospace industries. Small and portable equipment should be used to test minute components. As a result, the use of tiny and portable radiography equipment will help to reduce testing costs by allowing products to be tested at the vendor's location, avoiding the need for costly installation expenses. Find additional information about various other market drivers & trends mentioned in our FREE sample report. Need More? Are You Looking for Information Not Covered in This Report?
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