Industrial Endoscopes Market
The industrial endoscope is an optical device used to inspect areas where manual intervention and access is difficult in pipelines, hoses, wells and other areas where drilling is performed.
The industrial endoscope consists of controller, fiber optics/crawlers, eyepiece, cameras, lighting and lifting platforms. In endoscopes, optical fibers or caterpillars are used to illuminate the obstacles to reach in the inaccessible detection area, while optical lenses and eyepieces provide the magnified image of the target area. In general, there are two types of industrial endoscopes; rigid and flexible endoscope.
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In the industrial sector, endoscopes are preferably used in areas where accessibility is destructive, expensive and time-consuming. For example, applications such as aircraft, gas turbine inspection, weld joint inspection, heat exchangers, hydraulic components, process lines, transmission lines, HVAC systems and utility lines, among other applications where inspection and maintenance is time consuming and expensive.
Due to these outstanding inspection properties, the demand for industrial endoscopes in the manufacturing industry and inspection and maintenance activities is increasing, which in turn drives the market.
When inspecting pipelines, mainly in the oil and industrial industries, industrial borescopes have become an indispensable part of inspection activities, providing economic benefits including minimizing inspection time, downtime, and labor costs.
In the technological era, the key manufacturers are emphasizing incessant technological advances to create new growth opportunities by targeting untapped application areas, which in turn gives impetus to the growth of the market. In addition, the price of industrial endoscopes is relatively lower compared to other devices, which is why consumer preference is shifting towards using endoscopes.
Due to the increasing demand of Industrial Endoscopes and the intense competition across the globe, the major players of the market are emphasizing the strategic collaboration with the end user as third party inspection and offering the equipment on rental basis which helps to gain competitive advantage over the other players.
This is because non-destructive testing devices are comparatively expensive. Purchasing an entire set of inspection equipment is becoming expensive and uneconomical as the rental of such equipment has become a viable option for these end user industries which in turn are driving the rental market of the industrial endoscope market
Industrial Endoscopes Market: Segmentation
base of the type
Rigid industrial endoscope
Flexible industrial endoscope
basis of the distribution channel
Independent aftermarket (rental service)
basis of the viewing angle
Direct (00) industrial endoscope
Forward oblique (0°-90°) industrial endoscope
Lateral (90°) industrial endoscope
Retro (>90°) industrial endoscope
basis of end use
Energy & Power
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Industrial Endoscopes Market: Regional Outlook
In terms of demand, the global industrial endoscope market is dominated by North America, followed by the European market. This is mainly due to regular inspection and maintenance activities in the manufacturing industry, expansion of oil and gas pipelines, and government regulations to ensure operational safety. These are among some of the reasons why the demand for inspection and surveillance equipment is increasing in the region, which in turn drives the demand for the industrial endoscope.
At the same time, industries based in North America often invest in inspection and maintenance to ensure workplace safety and keep the efficiency of the entire operation at an optimal level, which in turn fuels the growth of the industrial endoscope market.
As a result, the industrial endoscope market in North America and Europe is expected to witness significant growth during the forecast period. In the Asia-Pacific region, the increasing use of advanced equipments in inspection activities and increasing investments in the repair and maintenance sector are important factors fueling the growth of the industrial endoscope market in the region.
Also, the significant growth of end-use industries such as oil and gas, chemical, automotive, and metallurgy are helping to propel the industrial endoscope market in Asia Pacific. Additionally, the industrial endoscope market in Latin America and the Middle East and Africa is expected to register steady growth during the forecast period
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Industrial Endoscopes Market: Major Players
Some of the major players identified in the value chain of the global Industrial Endoscopes Market are listed below.
VIEWTECH Endoscopes Inc.
HF system laboratory
PCE Americas Inc.
Atlas Inspection Technologies, Inc.
Fiber Optic Technology, Inc.
Schoelly Imaging Inc.
Flexbar Machine Corporation
Gradient Lens Corporation
Shanghai Yanshun Endoscope Accessories Co., Ltd.,
including manufacturers of endoscopes for industry
The research report represents a comprehensive assessment of the Industrial Endoscopes Market and includes thoughtful insights, facts, historical data, statistically backed and industry-validated market data. Industrial endoscopes also contain projections using appropriate assumptions and methods. The Industrial Endoscopes report offers analysis and information by market segments such as region, application and industry.
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