Industrial Borescope Market: Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 - 2026


Industrial Borescope  Market
  • To Be Published : Nov-2020 |
  • Status : Work in progress |
  • Format : Industrial Borescope  Market Industrial Borescope  Market Industrial Borescope  Market Industrial Borescope  Market

Introduction:

Industrial borescope is an optical device that used for the inspection of the areas where it is difficult for manual intervention and access in pipelines, tubing, wells and other areas where boring is done. The industrial borescope is comprised of controller, optical fibers/crawlers, eyepiece, cameras, lighting and lifting platforms. In borescope, optical fibers or crawlers are used to illuminate the obstacles to reach at inaccessible detection area whereas optical lens & eyepieces provides the magnified image of the target area. Generally, industrial borescope are of two type; rigid and flexible borescope.

In industrial sector, the borescope are preferred in areas where accessibility is destructive, expensive and time-consuming. For instance, application areas such as aircraft, inspection of gas turbines, weld joints inspection, heat exchangers, hydraulic components, process lines, transportation lines, HVAC system, and utility lines, among others application where inspection and maintenance is time consuming and expensive. Owing to this preeminent inspection characteristics, demand for industrial borescopes is increasing in manufacturing industry an inspection and maintenance activities that in turn drive the market. In pipeline inspection, mainly in oil & industry, industrial borescope are become indispensable part of inspection activities and offers economic benefits through minimizing inspection time, downtime period and labor cost, among other.  In the technological era, the key manufacturer are emphasizing on incessant technological advancement to create new opportunity for the growth through targeting untapped application areas which in turn provides impetus for the growth of market. Along with this, price of industrial borescope is relative less compare to other equipment owing to which consumer’s preference is shifting towards use of borescope.           

Increasing demand for industrial borescope and intense competition across the globe, the key player involved in the market are emphasizing on the strategic collaboration with the end user as third party inspection and provides the equipment’s on rental basis that helps to gain competitive edge over the other players. As, non-destructive testing equipment is comparatively expensive. Buying entire set of inspection equipment’s becomes expensive and uneconomical owing to rental of such equipment’s become viable option for these end use industries that in turn drive the rental market of industrial borescope market

Industrial Borescope Market: Segmentation

On the basis of Type, global industrial borescope market is bifurcated into;

  • Rigid Industrial Borescope
  • Flexible Industrial Borescope

On the basis of sales channel, global industrial borescope market is bifurcated into;

  • OEM
  • Independent Aftermarket (Rental services)

On the basis of viewing angle, global industrial borescope market is bifurcated into;

  • Direct (00) Industrial Borescope
  • Forward Oblique (0°-90°) Industrial Borescope
  • Side (90°) Industrial Borescope
  • Retro (>90°) Industrial Borescope

On the basis of end Use, global industrial borescope market is bifurcated into;

  • Oil & Gas
  • Chemicals
  • Metallurgical
  • Automotive
  • Aerospace
  • Energy & Power
  • Other

Industrial Borescope Market: Regional Outlook

In terms of demand, global industrial borescope market is dominated by the North America followed by Europe market. This is mainly attributed to periodically inspection and maintenance activities in the manufacturing industry, expansion of oil & gas pipelines and regulation led down by government to assure safety of operation, among others are some of reasons owing to which the demand for inspection and surveillance equipment’s is increasing in the region that in turn drive the demand for the industrial borescope. Along with this, Industries present in North America are often investing in inspection and maintenance to insure the safety of work place and to maintain efficiency of entire operation at optimum level that in turn provides impetus for the growth of industrial borescope market. Thereby, North America and Europe industrial borescope market are expected to register significant growth over the forecast period. In Asia pacific region, increasing usage of advance equipment’s in inspection activities and increasing investment in repair and maintenance sector are major factors that stimulate growth of industrial borescope market in the region. Also, significant growth of end use industries such as oil & gas, chemicals, automotive and metallurgical, among other helps to drive the industrial borescope market in Asia Pacific region. Moreover, Latin America and Middle East & Africa industrial borescope market is expected to register steady growth over the forecast period

Industrial Borescope Market: Key Players

Some of the key players identified across the value chain of global industrial borescope market are listed below;

  • OLYMPUS CORPORATION
  • Machida Inc
  • VIEWTECH BORESCOPES Inc.
  • RF System Lab
  • PCE Americas Inc.
  • Atlas Inspection Technologies, Inc.
  • Fiberoptics Technology, Inc.
  • Schoelly Imaging Inc.
  • Flexbar Machine Corporation
  • Gradient Lens Corporation
  • Shanghai Yanshun Endoscope Accessories Co., Ltd., among others industrial borescope manufacturer

The research report presents a comprehensive assessment of the industrial borescope market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. Industrial borescope also contains projections using a suitable set of assumptions and methodologies. The industrial borescope report provides analysis and information according to market segments such as geographies, application, and industry.

The industrial borescope report covers exhaust analysis on:

  • Market Segments of industrial borescope
  • Market Dynamics of industrial borescope
  • Market Size of industrial borescope
  • Supply & Demand of industrial borescope
  • Current Trends/Issues/Challenges of industrial borescope
  • Competition & Companies involved of industrial borescope
  • Technology of industrial borescope
  • Value Chain of industrial borescope

Industrial borescope Market Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The industrial borescope report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with industrial borescope market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Industrial borescope Report Highlights:

  • Detailed overview of industrial borescope parent market
  • Changing industrial borescope market dynamics in the industry
  • In-depth industrial borescope market segmentation
  • Historical, current, and projected industrial borescope market size in terms of volume and value
  • Recent industry trends and developments pertaining to industrial borescope market
  • Competitive landscape of industrial borescope market
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for industrial borescope market players to sustain and enhance their market footprint

Industrial Borescope Market

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