Corrosion Monitoring

This Corrosion Monitoring Market Research delivers current market analysis plus a five year market and technology forecast. The study is available in multiple editions including worldwide, all regions, and most major countries.

Corrosion Monitoring Market Boosted by Digital Evolution in the Process Industry

ARC Advisory Group’s research on the corrosion monitoring market reveals that the market will see significant growth with the increasing influence of IoT in process industries. Corrosion is a costly issue for various industries, as it can damage and impair equipment, reduce performance, and require maintenance. The worldwide cost of corrosion is enormous, and it poses a significant challenge for different sectors. Corrosion monitoring is a vital facet, along with other technologies such as vibration monitoring and infrared thermography, in deploying a holistic health monitoring and plant asset management system. With the increasing influence of IoT on industrial processes, the demand for the real-time condition monitoring of assets and data analytical services is also increasing.

Corrosion Monitoring Strategic Issues

Corrosion Monitoring market trendsIn addition to providing a five-year market forecast, the OT Network Management Software Market Research provides detailed quantitative, current market data and addresses key strategic issues as follows:

Understand and Incorporate Industrial IoT

For corrosion monitoring suppliers, the situation spurs growth in more sophisticated forms of automation such as Industrial IoT. Forward-looking companies are investing to bring Industrial IoT to the field device level in the corrosion monitoring market. Various Industrial IoT capabilities, such as remote monitoring and remote services, can help establish a more collaborative relationship between end users and suppliers. Industrial IoT solutions are now available for horizontal integration along the value creation chain, for consistent engineering from planning to maintenance, and for vertical integration from the field to the control level. Suppliers need to have a well-defined strategy and offerings in place. They need to have edge devices which are Industrial IoT-ready, gateways to log and capture data from multiple sources, and cloud intrastate to store and analyze data and to deliver meaningful and actionable results to customers.

Develop Internal and External Peer Relationships

Companies in the corrosion monitoring market have worked to develop programs for mutual learning and support among their customer base. However, many end users do not take advantage of these resources. End users should take steps to build collaboration, communication, and training within their own organizations, especially among peers at different units and plants that are running common automation systems. Allocating time for this type of activity is an ongoing challenge for end users who are often called upon unexpectedly to resolve daily operating problems or questions. However, it can pay big dividends in knowledge transfer and professional (and personal) networking.

Carefully Review Specific Operational Requirements

Users should take the time to understand their specific pipeline operational requirements to select the corrosion monitoring technology that will best meet the requirements of their respective project location, its pipeline’s operational characteristics such as product (medium) flows, pipeline construction and geography, pipeline age, and any other operational challenges, such as control room and control system-related factors, as well as the level of in-house technical expertise available. Users may want to consult with suppliers to determine if any new technologies or solutions could be deployed to enhance their operational efficiencies and mitigate the risks of undetected corrosion. With their broader application experience in leak detection, suppliers are often in a better position to find a solution for a customer’s requirement that the customer was not aware of.

Market Data Research Available Datasets

This in-depth market data research is split into two key modules: Market Growth Outlook and Competitive Analysis.  Each of these modules is further configured into several sub-modules to meet the needs of executives as well as marketing, sales, and product development managers.  All of these modules and sub-modules may be purchased as a bundle or separately.  A brief description of these modules, sub-modules, and their use cases is included below.

Market Growth Outlook

ARC’s market growth outlook service delivers an in-depth market opportunity analysis including five-year market and technology forecasts and 3-year history trend lines where available. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.  

This service is designed to help accelerate your organization's ability to understand an up-to-date view of the market opportunity provided by your current product portfolio and analyze how your company’s market opportunity would change if you were to acquire or divest a particular product line. The service will also help you identify and capitalize on emerging markets, whether these markets are based on an emerging technology, region, vertical industry, or application. Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying the opportunities provided by emerging trends. ARC’s reputation as the preeminent independent provider of market growth opportunity analyses for nearly four decades also provides greater weight to your business plans. ARC’s market growth outlook services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.  

In addition, ARC has a strong history of providing customized market opportunity reports and services to meet your specific needs.  For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.

ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market opportunities designed to help executives quickly identify key trends and market opportunities around the world.  In-depth market opportunity analyses provide marketing and product managers more detailed technology specific market information to plan marketing and product development strategies.  The following table shows more specific information included in each version.

Market Growth Outlook AnalysisUse CasesTarget Role
Worldwide Market Growth Outlook by Industry & Region with 3-year history where availableIn-depth technology-specific strategic growth planning across multiple technologies, applications, regions, and industriesProduct & Marketing Managers
Worldwide Industry Growth Outlook by Region with 3-year history where availableStrategic technology growth planning for markets defined by a single or multiple vertical industriesIndustry Managers
Regional/Country Market Growth Outlook by Technology & Industry with 3-year history where available (includes country data)Strategic technology growth planning for markets defined by a single or multiple world regionsRegional & Country Sales Managers
Market Growth Outlook Executive ViewStrategic Total Available Market (TAM) growth planning dashboard covering multiple vertical industries, technologies, and world regionsExecutives
Market Competitive Analysis

ARC’s Competitive Analysis services deliver in depth competitive analyses across multiple technologies, applications, regions, and industries.  Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.  

This service is designed to help product and marketing managers identify their company’s market positioning across multiple views within their Serviceable Available Market (SAM). Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying how their company’s market position would change if the company were to acquire or divest a particular product line or technology. ARC’s reputation as the preeminent independent provider of competitive market benchmarking for nearly four decades lends greater weight to your business plans. ARC’s market competitive services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.  

In addition, ARC has a strong history of providing customized market opportunity reports and services to meet the specific needs of our clients.  For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.

ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market competitive analyses designed to help executives quickly assess their SAM by world region, technology, or vertical industry. In-depth competitive market analyses provide marketing and product managers more detailed technology specific benchmarking information to plan marketing and product development strategies.  The following table shows more specific information included in each version. 

Competitive AnalysisUse CasesTarget Role
Worldwide Competitive Analysis by TechnologyIn-depth competitive market analysis that quantifies how your company’s market position has changed over time across multiple technologies, applications, regions, and industriesProduct & Marketing Managers
Worldwide Competitive Analysis by IndustryStrategic technology-based competitive analyses for markets defined by a single or multiple vertical industriesIndustry Managers
Regional/Country Competitive Analysis by IndustryStrategic technology-based competitive analyses for markets defined by a single or multiple world regionsRegional Sales Managers
Competitive Analysis Executive ViewStrategic Serviceable Available Market (SAM) analysis dashboard covering multiple vertical industries, technologies, and world regionsExecutives

Worldwide Market Research Focus Areas

Strategic Analysis

  • Executive Overview
  • Marketing Trends
  • Buyer Strategies
  • Supplier Strategies
  • Growth Contributors & Inhibitors

Competitive Analysis

  • Market Shares of the Leading Suppliers
  • Market Shares by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Market Shares by Industry
    • Electric Power Generation
    • Oil & Gas
    • Pulp & Paper
    • Refining
    • Water & Wastewater
  • Market Shares by Revenue Category
    • Hardware
    • Software
    • Services
  • Market Shares by Hardware Type
    • Coupons
    • Probes and Sensors
    • Electric Instruments
    • Accessories
  • Market Shares of Probes and Sensors by Type
    • Electric Resistance
    • Linear Polarization Resistance
    • Ultrasonic 
  • Market Shares by Measurement Method
    • Intrusive
    • Non-intrusive
  • Market Shares by Customer Type
  • Market Shares by Sales Channel

Market Forecasts

  • Total Corrosion Monitoring Business
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Industry
    • Electric Power Generation
    • Oil & Gas
    • Pulp & Paper
    • Refining
    • Water & Wastewater
  • Shipments by Revenue Category
    • Hardware
    • Software
    • Services
  • Shipments by Hardware Type
    • Coupons
    • Probes and Sensors
    • Electric Instruments
    • Accessories
  • Shipments of Probes and Sensors by Type
    • Electric Resistance
    • Linear Polarization Resistance
    • Ultrasonic 
  • Shipments by Measurement Method
    • Intrusive
    • Non-intrusive
  • Shipments by Customer Type
  • Shipments by Sales Channel

Industry Participants

The research identifies all relevant suppliers serving this market.

Regional Market Research Focus Areas

Strategic Analysis

Competitive Analysis

  • Leading Suppliers in Region
  • Industry Shares in Region
  • Country Shares in Region
  • Leading Suppliers by Industry

Market Forecasts 

  • Market Forecast by Country
  • Market Forecast by Industry

Industry Participants

List of countries included in each region: MIRA-Country

For More Information

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