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

Dublin, January 13, 2022 (GLOBE NEWSWIRE) – The report “Video Inspection Equipment Market Forecast to 2028 – Impact of COVID-19 and Global Analysis” has been added ResearchAndMarkets.com to offer.

Global Video Inspection Equipment Market Expected To Grow From $ 1,311.63 Million In 2021 To $ 1,834.35 Million By 2028; It is estimated that it will grow at a CAGR of 4.9% over the 2021-2028 period.

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

Therefore, the entire oil and gas inspection industry works to strict standards and strives for efficient resources. Some of the applications in the oil and gas industry that require video inspection include burners and tips, compressors, pumps, gas lines, blast furnace chimneys, gas and steam turbines, waste heat boiler chimneys, 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 using collision tolerant drones specially 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 divided into cameras, vans, monitors and recorders, software, and others. The camera segment made up the largest share of the overall market in 2020. In terms of application, the Video Inspection Equipment Market is segmented into Drain & Sewer, Electrical Conduit & Duct, Pipelines, and Others. In 2020, the Drain & Sewer segment had the major market share. Based on the end user, the market is divided 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 broadly divided into North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2020, North America had a significant share of the world market.

Spain, Italy, Germany, UK and France are among the hardest hit member states in Europe due to the COVID-19 outbreak. Companies in the region are facing severe financial difficulties as they have either had to cease operations or significantly reduce their activities. The region is a major manufacturing and industrial center for sectors such as automotive, construction, energy and energy, pharmaceuticals, and food and beverages. Various member states in Europe such as Italy, Spain, France, Great Britain and Germany have introduced drastic measures and travel restrictions to curb the spread of the novel coronavirus among its citizens. As a result, Europe experienced an economic slump in 2020 due to business freezes, travel restrictions and supply chain disruptions and this continued into 2021.

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

Some of the major 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.

Reasons to buy

The story goes on

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

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

  • The key findings and recommendations highlight the key advanced industry trends in the global Video Surveillance Equipment market and enable players along the value chain to develop effective long-term strategies

  • Developing / changing business expansion plans by taking advantage of significant growth opportunities in both developed and emerging markets

  • Examine in-depth global market trends and prospects relating to the factors that are driving the market as well as those that are hindering it

  • Improve the decision-making process by understanding the strategies underpinning commercial interest in relation to customer products, segmentation, pricing, and sales

Key topics covered:

1 Introduction

2. Key Findings

3. Research methodology
3.1 coverage
3.2 Desk research
3.3 Primary research

4. Video Surveillance 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 Expert opinion

5. Video Inspection Equipment -Market Dynamics
5.1 Market drivers
5.1.1 Raise awareness of an 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 restrictions

6. Video Surveillance Equipment Market – Global Analysis
6.1 Global Video Surveillance 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 Surveillance Equipment Market Analysis – By Component
7.1 Overview
7.2 Video Surveillance 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 US Dollars)
7.4 Transporter
7.4.1 Overview
7.4.2 Vans Market Revenue and Forecast to 2028 (Million US Dollars)
7.5 Monitors & Recorders
7.5.1 Overview
7.5.2 Monitors & Recorders Market Revenue and Forecast to 2028 (Million US Dollars)
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 Market turnover with other components and forecast up to 2028 (million USD)

8. Video Surveillance Devices 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 & sewage
8.3.1 Overview
8.3.2 Market forecast and analysis for sewage and sewage systems
8.4 Electrical lines and ducts
8.4.1 Overview
8.4.2 Market forecast and analysis for electrical cables and ducts
8.5 Pipeline
8.5.1 Overview
8.5.2 Pipeline Market Forecast and Analysis
8.6 Other uses
8.6.1 Overview
8.6.2 Market forecast and analysis for other applications

9. Video Surveillance 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 Forecast and analysis of the manufacturing and construction market
9.5 Food and drinks
9.5.1 Overview
9.5.2 Food and Beverage Market Forecast and Analysis
9.6 Chemicals & Pharmaceuticals
9.6.1 Overview
9.6.2 Market forecast and analysis for chemicals and pharmaceuticals
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 – Geographic Analysis

11. Video Surveillance Devices 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 Envirosight LLC
13.1.1 Key facts
13.1.2 Company description
13.1.3 Products and Services
13.1.4 Financial overview
13.1.5 SWOT Analysis
13.1.6 Major 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 Major 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 Major Developments
13.4 Widder Industries, Inc.
13.4.1 Key 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 Major Developments
13.5 Rausch Electronics USA, LLC.
13.5.1 Important facts
13.5.2 Company description
13.5.3 Products and Services
13.5.4 Financial overview
13.5.5 SWOT analysis
13.5.6 Major Developments
13.6 Under-site electronics
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 Major Developments
13.7 IBAK Helmut Hunger GmbH & Co. KG
13.7.1 Important facts
13.7.2 Company 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 Major 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 production
13.10.1 Important 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 Major Developments

14. Appendix

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