Market Introduction
The video inspection equipmentsuch as cameras, transporters, monitor & recorders, and software are utilized for inspection objectives. Owing to the robustness, portability, lightweight, and reliability of video inspection equipment tools, these are widely adopted across the industries.The growing use of video inspection equipment for pipeline, caissons & tanks inspection is anticipated to propel the growth of the video inspection equipment market. Further, rising demand for remotely operated inspection system is also a major factorstimulating the adoption of cameras in the manufacturing & construction industry.
Market Overview and Dynamics
The Europe video inspection equipment marketis expected to reach US$592.3millionby 2027 from US$396.6million in 2019, ata CAGR of 5.3% from 2020 to 2027.An upsurge in construction projects across commercial, residential, and industrial sectors is contributing heavily toward the adoption of drainage services, which in turn is influencing the growth of the video inspection equipment market. Moreover, growing demand for inspection equipment in the oil and gas industries and increasing integration of robotic technology in video inspection equipment are significantly contributing to the growth of the video inspection equipment market.
Key Market Segments
In terms of component, the camerassegment accounted for the largest share of the Europe video inspection equipment market in 2019. In terms of application, the drain & sewer segment held a larger market share of thevideo inspection equipment marketin 2019. Further, the oil & gas segment held a larger share of the market, based on end user in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the video inspection equipment market in Europeare company websites, annual reports, financial reports, national government documents, and statistical database, among others. Envirosight LLC, CUES, Inc., IBAK Helmut Hunger GmbH & Co. KG, Vivax-Metrotech Corporation, and TechCorr areamong the major companies listed in the report.
Reasons to Buy Report
EUROPE VIDEO INSPECTION EQUIPMENT MARKET SEGMENTATION
By Component
By Application
By EndUser
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 396.6 Million |
| Market Size by 2027 | US$ 592.3 Million |
| CAGR (2020 - 2027) | 5.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Video Inspection Equipment Market is valued at US$ 396.6 Million in 2019, it is projected to reach US$ 592.3 Million by 2027.
As per our report Europe Video Inspection Equipment Market, the market size is valued at US$ 396.6 Million in 2019, projecting it to reach US$ 592.3 Million by 2027. This translates to a CAGR of approximately 5.3% during the forecast period.
The Europe Video Inspection Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Video Inspection Equipment Market report:
The Europe Video Inspection Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Video Inspection Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Video Inspection Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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