According to a recent market study published by Growth Market Reports, titled, “Global Industrial X-ray Tubes Market by type, by application, and by Region: Size, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at US$ 7,78,124.0 Thousand in 2020 and is expected to grow at a growth rate of 7.1 % by the year 2028.

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Industrial X-ray tubes are identified by the letter "I," and a range of tubes are available for each of the fields in which they are used (nondestructive testing, coating thickness gauging, etc.) Glass or ceramic vacuum envelopes are used for industrial X-ray tubes. Industrial X-ray tubes capture images of products, to detect defects and problems in materials. For instance, industrial X-ray tubes are used to test metal welding, gas & oil pipelines, and others.

Manufacturers use industrial radiography to inspect materials for cracks or faults. X-ray and gamma radiation are used in industrial radiography to reveal faults that are not visible to the human eye. X-rays and gamma rays can pass through a variety of materials, including earth, air, and water. Industrial radiography is used to inspect materials without causing it to move or be damaged.

The Global Industrial X-ray Tubes Market has been fragmented based on types, application and region. In terms of type, the Global Industrial X-ray Tubes Market is categorized as Glass Tube, Ceramic Tube and Cermet Tube. In terms of application, the market is categorized as Non-destructive Testing, X-ray Analysis and Coating Thickness Measurement. Considering regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges.

Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. COVID-19 has a moderate impact on the industry due to the simultaneous reduction of supply and demand. The COVID-19 pandemic caused a slight slowdown in market expansion. Once these sectors having recovered from the pandemic's effects, the market for other end-user industries is likely to restore its growth rate.

As per growth market reports industry analyst Sumitra Choudhary, “The expanding aerospace industry, gas and oil industry, nuclear energy sector are expected to contribute to the growth of the Global Industrial X-ray Tubes Market.

The supply chain in developed regions has been accelerated by the addition of large suppliers, manufacturers, and distributors, the availability of raw materials, and the presence of integrated logistics. Industrial x-ray tubes are manufactured using various raw materials. Quality checks are performed throughout the production process by manufacturers to ensure high quality of the product. The products are then supplied to the distributors.

Key Takeaways from the Study

  • The players including the Industrial X-ray Tubes market include Varex Imaging Corporation, Canon Electron Tubes & Devices Co., Ltd, Malvern Panalytical Ltd , Gulmay , AXT Pty Ltd., Baker Hughes Company, Comet Holding, Oxford Instruments, Ronghua X-Ray, Hangzhou Kailong Medical instrument Co., Ltd., Canon Electron Tubes & Devices Co., Ltd hold a major market share of the Industrial X-ray Tubes market in the year 2020.
  • Rising concerns among manufacturers to maintain the productivity of financial assets throughout their operating cycle increases the adoption of industrial X-ray tube globally and increasing consumer awareness regarding quality standards. The market is expected to be driven by the expansion of aerospace industry and nuclear energy sector around the world.
  • In terms of types, the market is segmented into Glass Tube, Ceramic Tube and Cermet Tube. In 2020, the ceramic tube segment held a significant market share and is expected to grow with a substantial CAGR over the forecast period, the market is being driven owing to wide applications in the electrical & electronics sector. Increasing demand for industrial applications such as security, sorting, non-destructive testing, inspection and thickness gauging is expected to boost the market.
  • Based on application the Global Industrial X-ray Tubes Market is fragmented into Non-destructive Testing, X-ray Analysis, Coating Thickness Measurement. The Non-destructive Testing segment is expected to grow rapidly over the forecast period due to increase inn manufacturing activity in both emerging and developed countries. Improved fault detection and safety advanced non-destructive testing (NDT) techniques have resulted from technological advancements.
  • In terms of regions, the Global Industrial X-ray Tubes markets are divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is likely to hold the highest share of the market during the forecast period, owing to increased demand for industrial x-ray tubes in the oil and gas industry, which is expected to boost the market over the forecast period.

Report Scope

Report Metric

Details

Market Value in 2020

US$ 7,78,124.0 Thousand

Market Growth Rate (from 2020 to 2028)

7.1 %

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 - 2028

Units Considered

Value (US$ Thousand )

Market Segments

By Type, By Application and By region

Key Companies Profiled

Varex Imaging Corporation, Canon Electron Tubes & Devices Co., Ltd, Malvern Panalytical Ltd , Gulmay , AXT Pty Ltd., Baker Hughes Company, Comet Holding, Oxford Instruments, Ronghua X-Ray, Hangzhou Kailong Medical instrument Co., Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

 

Target Audience

  • Supply-side: Manufacturer and distributors
  • Demand Side: Automotive, Oil & Gas, aerospace, electronics and metal casting industry.
  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies.
  • Associations and Industry Bodies: U.S FDA The Food and Drug Administration( USFDA), AERB - Atomic Energy Regulatory Board.