Industrial X Ray Tubes Market Share & Growth | Forecast 2030
Industrial X Ray Tubes Market Share & Growth | Forecast 2030
Segments - Global Industrial X-ray Tubes Market by Type (Ceramic tube, Glass tube, and Cermet tube), by Application (Non-destructive testing, X-ray analysis, and Coating thickness measurement), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :HC-3883
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Report Description
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 |
Details |
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Report Title |
Industrial X-ray Tubes Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
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 |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered |
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. |
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
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Stringent Government Regulations Regarding the Safety of Assets are Expected to Hinder the Market Growth
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
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Technological advancements in Industrial X-ray tubes
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
- 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.
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.
Frequently Asked Questions
Major manufacturers 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.
Factors such as demand, urbanization, disposable income, technological advancement, government policies.
The base year considered for the Global Industrial X-ray Tubes Market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2028.
Automotive, oil & gas, aerospace, electronics, metal castings, food packaging, and 3D printing are the major end-users of Industrial X-ray Tubes.
The global Industrial X-ray Tubes market was slightly impacted by the covid-19, owing to the disruption in the supply chain and limitations in the cross broader transaction.
Increasing consumer awareness regarding quality standards, Rising concerns among manufacturers to maintain productivity of capital assets, Rising security concerns in strategic infrastructure installations are the factors anticipated to drive the market growth during the forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
In addition to market size (in US$ Thousand and Volume in thousand units) Company Market Share (in % for the base year 2020), Pricing Analysis, Innovation/ technology Outlook, Overview & Trends and Global Industrial Portable X-ray Irradiators Market Outlook 2018-2028
According to this Growth Market Reports report, the Industrial X-ray Tubes market is likely to register a CAGR of 7.1% during the forecast period 2020-2028, with an anticipated valuation of USD 12,91,035.2 thousand by the end of 2028.
Additional company profiles can be provided on request
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial X-ray Tubes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial X-ray Tubes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial X-ray Tubes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial X-ray Tubes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial X-ray Tubes Market Size & Forecast, 2018-2028
4.5.1 Industrial X-ray Tubes Market Size and Y-o-Y Growth
4.5.2 Industrial X-ray Tubes Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, 2018-2028
4.7 Global Industrial X-ray Tubes Market: Impact Of Key Regulations
4.8 Global Industrial X-ray Tubes Innovation/ technology Outlook
4.9 Global X-ray Tubes Market Overview & Trends
4.10 Global Industrial Portable X-ray Irradiators Market Outlook 2018-2028
Chapter 5 Global Industrial X-ray Tubes Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Industrial X-ray Tubes Market Size Forecast By Type
5.2.1 Ceramic Tube
5.2.2 Glass Tube
5.2.3 Cermet Tube
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Industrial X-ray Tubes Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Industrial X-ray Tubes Market Size Forecast By Application
6.2.1 Non-destructive Testing
6.2.2 X-ray Analysis
6.2.3 Coating Thickness Measurement
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Industrial X-ray Tubes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial X-ray Tubes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial X-ray Tubes Analysis and Forecast
9.1 Introduction
9.2 North America Industrial X-ray Tubes Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial X-ray Tubes Market Size Forecast By Type
9.6.1 Ceramic Tube
9.6.2 Glass Tube
9.6.3 Cermet Tube
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Industrial X-ray Tubes Market Size Forecast By Application
9.10.1 Non-destructive Testing
9.10.2 X-ray Analysis
9.10.3 Coating Thickness Measurement
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Industrial X-ray Tubes Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial X-ray Tubes Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial X-ray Tubes Market Size Forecast By Type
10.6.1 Ceramic Tube
10.6.2 Glass Tube
10.6.3 Cermet Tube
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Industrial X-ray Tubes Market Size Forecast By Application
10.10.1 Non-destructive Testing
10.10.2 X-ray Analysis
10.10.3 Coating Thickness Measurement
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Industrial X-ray Tubes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial X-ray Tubes Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial X-ray Tubes Market Size Forecast By Type
11.6.1 Ceramic Tube
11.6.2 Glass Tube
11.6.3 Cermet Tube
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Industrial X-ray Tubes Market Size Forecast By Application
11.10.1 Non-destructive Testing
11.10.2 X-ray Analysis
11.10.3 Coating Thickness Measurement
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Industrial X-ray Tubes Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial X-ray Tubes Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial X-ray Tubes Market Size Forecast By Type
12.6.1 Ceramic Tube
12.6.2 Glass Tube
12.6.3 Cermet Tube
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America Industrial X-ray Tubes Market Size Forecast By Application
12.10.1 Non-destructive Testing
12.10.2 X-ray Analysis
12.10.3 Coating Thickness Measurement
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Industrial X-ray Tubes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial X-ray Tubes Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial X-ray Tubes Market Size Forecast By Type
13.6.1 Ceramic Tube
13.6.2 Glass Tube
13.6.3 Cermet Tube
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Industrial X-ray Tubes Market Size Forecast By Application
13.10.1 Non-destructive Testing
13.10.2 X-ray Analysis
13.10.3 Coating Thickness Measurement
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Industrial X-ray Tubes Market: Competitive Dashboard
14.2 Global Industrial X-ray Tubes Market: Market Share Analysis, 2020
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Varex Imaging Corporation
14.3.2 Canon Electron Tubes & Devices Co., Ltd
14.3.3 Malvern Panalytical Ltd
14.3.4 Gulmay
14.3.5 AXT Pty Ltd.
14.3.6 Baker Hughes Company
14.3.7 Comet Holding
14.3.8 Oxford Instruments
14.3.9 Ronghua X-Ray
14.3.10 Hangzhou Kailong Medical instrument Co., Ltd
Methodology
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