Acoustic Emission Testing Market Analysis by Global Industry Growth, Regions, Types and Forecasts 2023

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The Acoustic Emission Testing Market is expected to be worth USD 349.9 Million by 2023, from USD 245.8 Million in 2018, at a CAGR of 7.32% between 2018 and 2023. This report spread across 134 Pages, Profiling 10 Companies and Supported with 66 Tables and 34 figures are now available in this research.

 

Top Key Players Profiled in the Acoustic Emission Testing Market:

  • TUV Rheinl and (Germany)
  • MISTRAS (US)
  • TUV Nord (Germany)
  • Parker Hannifin (US)
  • TUV Austria (Austria)
  • General Electric (GE US)
  • Acoustic Emission Consulting (AEC US)
  • Vallen Systeme (Germany)
  • KRN Services (US)
  • Score Atlanta (US)

 

The storage tank application is expected to hold the largest share of the acoustic emission testing market during the forecast period. The growth of the acoustic emission testing market for storage tanks can be attributed to the real-time monitoring solution provided by AET for detecting flaws in tanks without halting the operation and evacuating the product.

 

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The acoustic emission testing market in APAC is expected to grow at the highest CAGR during 2018–2023.The growth of the AET market in APAC can be attributed to infrastructural developments and manufacturing of defense aircraft. Improvements in terms of economic growth, infrastructural developments, and the construction of power plants boost the acoustic emission testing market in APAC.

 

Breakdown of primary participants’ profile:

  • By Company Type: Tier 1 =20 %, Tier 2 =55%, and Tier 3 =25%
  • By Designation: C-Level Executives =50%, Directors =25%, and Managers=25%
  • By Region: North America =60%, Europe =20%, APAC =10%, and RoW=10%

 

Competitive Landscape of Acoustic Emission Testing Market:

1 Introduction
2 Acoustic Emission Testing Market Ranking Analysis
3 Competitive Scenario
3.1 Partnerships, Acquisitions, and Agreements
3.2 Expansions and Contracts
3.3 Product Launches and Collaborations

 

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