Corrosion Monitoring Market 2022 In-Depth Analysis by Key Benefits, Capacity and Outlook

Corrosion Monitoring Market size is classified on the basis of type, technique, end-use industry and geography. Corrosion monitoring involves the comprehensive monitoring of all crucial components, facilities, industrial materials as well as plants for any signs of corrosion. Corrosion monitoring comprises control, measurement and prevention and covers a wide range of technical methods. This may include achieving anodic and cathodic protection, selection of materials, dosing of chemicals as well as the application of external and internal coatings.

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Corrosion monitoring is a vital element of managing the integrity and maintaining awareness of the condition and service life of industrial systems and assets. The factors that propel the market growth includes growing demand in end-use industries owing to increasing awareness regarding corrosion monitoring, innovation in technology for corrosion monitoring, and benefits of process integration.

Among the technique, ultrasonic thickness measurement is projected to account a major share of the Corrosion Monitoring market size. It is also the fastest-growing corrosion monitoring technique globally. In addition, this technique is rapidly replacing older techniques such as corrosion coupons and electrical resistance. The key factors that drive the growth of this technique is due to ease of operations, quick and fast monitoring of process, and accuracy of data. Moreover, when incorporated with the process system of equipment, the observations can be linked and superior results for corrosion monitoring can be achieved.

The oil & gas industry consists of upstream, midstream, and downstream industries. All of them are continuously under strict inspection by environment supervisory body and regulators. Appropriate monitoring and safety of assets coupled with durability is accomplished by best practices in corrosion monitoring systems. Growing exploration and production along with rising demand from downstream industries are expected to increase the demand for corrosion monitoring.

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