Industrial X-ray Tubes Market Outlook
The Global Industrial X-ray Tubes Market was estimated at USD 7,78,124.0 Thousand in 2020 and is anticipated to reach USD 12,91,035.2 Thousand by 2028, expanding at a CAGR of 7.1% during the forecast period. Industrial X-ray tubes capture images of products, to detect defects and problems in materials. Industrial X-ray tubes are used to test metal welding, gas & oil pipelines, and others. An industrial X-ray tube converts electrical input power into X-rays.
X-rays contains a pair of cathode, anode, glass envelope, and protective housing. Manufacturers use industrial radiography for checking cracks or flaws in materials. Industrial radiography use gamma and x-ray radiation to show flaws that cannot be detected by the naked eye. Gamma rays and X-rays can travel through various types of materials such as soil, air, and water. Industrial radiography is used for inspecting materials without moving and damaging them.
Scope of Industrial X-ray Tubes Market Report
The report on the global Industrial X-ray Tubes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Industrial X-ray Tubes Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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By Type (Glass Tube, Ceramic Tube and Cermet Tube), By Application (Non-destructive Testing, X-ray Analysis and Coating Thickness Measurement),
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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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.
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Macro-economic Factors
Disposable Income
Increasing disposable income of consumers is leading to high consumption of quality industrial products and consumer awareness regarding quality assurance, which in turn, fuelling the industrial X-ray tubes market. Manufacturers are focus on providing quality products, which is increasing the adoption of products by consumers.
Technological Advancement
Major market players in almost every industry rely on the development of innovative products. Companies are focusing on investing in technological advancements. Increasing expenditure on technological advancements in industrial X-ray devices is increasing the development of devices. Advancements in X-ray tubes and technology such as higher-resolution X-ray tube and imaging detector combinations are boosting the market. Advancements are leading to rapid detection of flaws. Hence, the demand for industrial X-ray tubes is expected to increase in the coming years.
Coronavirus
The global industrial x-ray tubes market was impacted by the covid-19, owing to the disruption in the supply chain and limitations in the cross broader transaction and shutting down of industrial operations. The production of industrial x-ray tubes has increased post pandemic, due to growing urbanization, technological advancements, rising consumer awareness, government rules and regulations, and rising disposable income are driving the market.
Moreover, increasing demand for flaws detecting devices is expected to propel the market post pandemic. The Government is implementing various protocols regarding radiation safety, nuclear safety, waste safety, and transport safety for protecting assets is estimated to drive market in the near future.
Industrial X-ray Tubes Market Dynamics
Market Driver-
- Rising concerns among manufacturers to maintain productivity of capital assets
Rising concerns among manufacturers to maintain the productivity of financial assets throughout their operating cycle increases the adoption of industrial X-ray tube globally. Industrial X-ray tubes are used to detect errors, faults and the condition of assets and machineries. X-ray tubes are used in the food industry to detect the contaminants, impurities, and quality issues as product quality is priority in food industry. This, in turn, is projected to drive the demand for industrial X-ray tubes.
- Rising security concerns in strategic infrastructure installations
Industrial infrastructure installations are diverse and often complex. Strategic infrastructure such as bridging the manufacturing and corporate networks, strengthening security and reliability, or adoptive predictive maintenance practices, which require remote monitoring of industrial assets conditions.
The monitoring of assets can be done with the help of industrial X-ray tubes, to detect major and minor flaws in machineries. This device secures machineries from damages without moving them. In the oil & gas industry, x-ray tubes are used to look after the infrastructure of the refineries to avoid leakage of oil. Thus, rising security concerns in strategic infrastructure installation drives the market.
Market Restraint
Multiple protocols regarding environment safety, machine safety, and product manufacturing safety and worker safety have been implemented by governments and managing authorities, which increases extreme pressure on manufacturers to follow all safety regulations. It necessitates manufacturers to inspect and assess their assets genuinely at every manufacturing stage to determine and identify any major and minor defects that can create disruption in production and manufacturing of products. Thus, stringent government regulations are anticipated to hinder the market.
Market Opportunity
Recent technological advancements in X-ray tubes include imaging detector combinations and high-resolution X-ray tube. New technology advancement such as digital x-rays have been introduced in the market to increase image clarity and enhancement of quick diagnosis. This is likely to drive the demand for industrial x-ray tubes in the near future.
Industrial X-ray Tubes Market Segmental Outlook
Based on types, the Industrial X-ray Tubes market is segmented into Glass Tube, Ceramic Tube and Cermet Tube. The ceramic tube is expected to hold a significant market share over the forecast period owing to rising investments in the construction of distribution networks and new electrical transmission in developing countries and maintenance of aging power transmission infrastructure in developed countries.
On the basis of applications, the market is fragmented into Non-destructive Testing, X-ray Analysis and Coating Thickness Measurement. The Non-destructive Testing segment is expected to hold a significant share of the market, owing to increasing awareness among manufacturers regarding the use of NDT is expected to improve the penetration of NDT techniques in the coming years.
Non-destructive testing and inspection markets use X-ray imaging to scan items for inspecting and identifying manufacturing defects and product integrity in various industrial sectors such as automotive, oil & gas, aerospace, electronics.
Industrial X-ray Tubes Market Regional Outlook
Based on regions, the market is separated into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America held a significant share of the market during the forecast period, owing to rising demand for industrial x-ray tubes in the oil & gas industry is expected to propel the market in North America in the upcoming years.
Europe is growing at considerable amount in 2020, this is attributed to growing awareness about benefits of x-ray tubes in industrial products, and increasing investment in technology of industrial X-ray tubes is expected to fuel the market in the region.
Rising urbanization and increasing number of commercial and industrial processes are anticipated to boost the market in Asia Pacific during the forecast period. The market in regions such as Latin America and the Middle East & Africa are expected to hold a sizable share of the market, owing to due to well-developed manufacturing sectors and emerging entrapped for imaging x-ray tubes. In the Latin America countries, People in this region are spending a high amount on products with quality standards.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Industrial X-ray Tubes Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Industrial X-ray Tubes Market Performance
Segments
By Type
- Glass Tube
- Ceramic Tube
- Cermet Tube
By Applications
- Non-destructive Testing
- X-ray Analysis
- Coating Thickness Measurement
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
Competitive Landscape
- Manufacturers operating in the global 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.
- Market Players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion where a potential opportunity arises for the Industrial X-ray Tubes market.
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