Globally, the ultrasonic pulse velocity tester market is expected to grow with a CAGR of 5.9% during the forecast period from 2019 to 2027, starting from US$ 510.0 Mn in 2018. The ultrasonic velocity test is the augmented testing technology that used to check the strength and quality of concrete. The ultrasonic velocity testers used to transmit ultrasonic pulses through the rock and measure its velocity to define the structure or rock construction. The growing adoption of automation in the construction industry is the key driving factor for the ultrasonic pulse velocity tester market. In addition, the rapidly developing construction industry in the several developed and the underdeveloped countries are anticipated to fuel the market growth over the forecast period.
The ultrasonic velocity tester market is gaining its popularity into the materials testing. They are majorly used to obtain information about the properties of the materials including Timber, Ceramics, and Refractories. The reliable and the accurate information delivered by the ultrasonic velocity testers are escalating the growth of ultrasonic velocity tester market worldwide. On the other hand, the lack of expert technician to perform the ultrasonic pulse velocity test is expected to hamper the market growth. Additionally, the growing integration of advanced technology to overcome the manual operations are projected to sever various growth opportunities in this market in the near future.
Market Synopsis
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"The growing use of nondestructive tests in construction industry is continuous to dominate the market"
In 2018, the overall ultrasonic pulse velocity tester market is led by the construction industry in its end-user segment contributing to over 32% of the total revenue generated globally. The continuous development in the construction sectors and the government initiative to invest in the infrastructural developments are the primary factor that drives the growth of this segment. Additionally, the acceptance of ultrasonic pulse velocity testing over the other methods are likely to propel the market growth in upcoming years. Additionally, by application Void, non-destructive strength measurements, and crack detection applications hold the considerable market share owing to the growing demand of the efficient and cost effective building construction.
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"North America Dominates the Market by Region"
North America holds the largest market share in the ultrasonic pulse velocity market followed by Europe. It is anticipated to be the dominating region through the forecast period. The growing demand for the new and advanced technologies in the construction and material testing is the major factor that drives the growth of North America ultrasonic pulse velocity market. In addition, the presence of several major manufacturers in the North America region is contributing to the growth of ultrasonic pulse velocity tester market in this region. Furthermore, Asia Pacific is projected to be the fastest-growing region in this market owing to the growing adoption of non-destructive testing in the material testing, the integration of advanced technologies to the ultrasonic pulse velocity tester.
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Some of the prominent players operating in the ultrasonic pulse velocity tester market include Mitech Co., Ltd., Canopus Instruments, Proceq Group, Aimil Ltd., Novotest, Olson Instruments Inc., Impact Test Equipment Ltd., Qualitest International Inc., James Instruments Inc., Cygnus Instruments, Stanlay, Papworths Construction Testing Equipment, Humboldt Mfg. Co., Controls S.p.A., and other companies.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The ultrasonic pulse velocity tester market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global Ultrasonic Pulse Velocity Tester market based on technology, application, end-user, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Frequency Range Segment (2017–2027; US$ Mn)
• Less than 50kHz
• 50kHz - 100kHz
• 100kHz - 150kHz
• Above 150 kHz
|
|
Applications Segment (2017–2027; US$ Mn)
• Void and Crack Detection
• Non-destructive Strength Measurements
• Infrastructure and construction testing
• Elasticity measurements
• Material science and research
• Other Applications
|
|
End Users (2017–2027; US$ Mn)
• Construction Industry
• Chemicals and Petrochemicals
• Oil and Gas Refineries
• Aerospace and Defense
• Research Institutes
• Other End Users
|
|
Geography Segment (2017–2027; US$ Mn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of Ultrasonic Pulse Velocity Tester in 2018 and forecast up to 2027?
- Which is the largest regional market for automotive industry applications?
- What are the major trends followed in Ultrasonic Pulse Velocity Tester market across different regions?
- Who are the key Ultrasonic Pulse Velocity Tester companies leading the market?
- What are the key strategies adopted by the leading Ultrasonic Pulse Velocity Tester companies in market?
Unique data points of this report
- Statistics on Ultrasonic Pulse Velocity Tester penetration and spending worldwide
- Recent trends across different regions in terms of adoption of Ultrasonic Pulse Velocity Tester for various vehicles
- Notable developments going on in magnetic sensor market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
