Global Corrosion Monitoring Market is expected to grow with the CAGR of 10.6% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Global corrosion monitoring market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global Corrosion Monitoring market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
For instance,
- In September 2018, Emerson Electric Co which is engaged in engaged in manufacturing and providing innovative solutions for customers in industrial, commercial, and residential markets launched Roxar FSM Log 48 area corrosion monitor. The Roxar FSM Log 48 is a pipeline integrity management system which provides remote, online corrosion, erosion monitoring, enabling operators to track localized corrosion. This product launch helped the company to strengthen its product portfolio of measurement instrumentation.
SGS SA is the dominating player in global corrosion monitoring market. The other key players existing in the market includes Corr Instruments, LLC, Pepperl+Fuchs, ACM Instruments, Midroc Europe, ICORR Technologies, Sentry Equipment Corp., Berkeley Springs Instruments LLC.,Matergenics Inc., CLAMPON AS, Applus+, Aegion Corporation, SGS SA, INTERTEK GROUP PLCCosasco, Metex Corporation Limited, Luna, Emerson Electric Co., Yokogawa Electric Corporation, Rysco Corrosion Services Inc., Honeywell, Intertek Group plc, STORK, Baker Hughes
SGS SA
SGS SA, headquartered in Geneva, Switzerland, was founded in 1878. The company is engaged in providing services for inspection, testing, certification and verification. Company provides services for agriculture and food, certification, chemical, construction, consumer goods and retail, energy, environment, health and safety, industrial manufacturing, life sciences, logistics, mining, oil and gas, public sector, sustainability, trade, training services and transportation out of which chemical, oil and gas are the market focused service categories.
- In June 2019, SGS SA which is engaged in providing services for inspection, testing, certification and verification launched humidity and UV, testing for salt spray. The new product is cost effective which enables the consumer to shorten the time and reduce the risk. The product launch helped the company to meet the demand of coating manufacturers for testing corrosion.
The company has wide global presence across the globe such as Americas, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as SGS N.V (Belgium), SGS Enger Engenharia Ltda. (Brazil), SGS-CSTC Standards Technical Services Co. Ltd. (China), SGS Adriatica, w.l.l. (Croatia), Securitest SA (France) and others.
Intertek Group plc
Intertek Group plc was found in the year 1996. The company is engaged in designing and manufacturing quality and safety solutions to various industries. Company operates in product, trade and resources out of which product is market focussed segment. The company offers wide range of product categories such as chemicals, construction & engineering, energy & commodities, food & healthcare, government & trade, products & retail, transportation and services, among which services is the market focused category.
- In June 2018, Intertek got a new contract from Copenhagen Metro to provide corrosion monitoring systems. This system will provide vital corrosion data, which will enable lifespan predictive modelling for the metro control centre. This acquisition helped the company to increase their business expansion.
The company has presence in North and South America, Europe, the Middle East and Africa, Asia-Pacific generates revenue from subsidiaries such as Alchemy Systems (U.S.), Professional Service Industries, Inc. (U.S.), ITS Testing Services (UK) Limited (UK), Intertek Belgium Nv (Belgium), Intertek biodata GmbH (Germany) and others.
Cosasco
Cosasco is headquartered in California, U.S. and was found in 1950. The company is engaged in providing corrosion monitoring technology for diverse industries as oil and gas, petrochemical, water treatment, chemical, pulp and paper, pharmaceutical, and utilities. The company has product categories which are transmitters, data loggers, portable/handhelds, probes, corrosion coupons, sensors, polymer coupons, access systems, chemical injection, integrated systems, corrosion under insulation, out of which, transmitters, data loggers, portable/handhelds, probes, corrosion coupons, sensors, access systems, chemical injection, integrated systems, corrosion under insulation are the market focused categories.
- In April 2018, Cosasco which is engaged in providing corrosion monitoring technology for diverse industries as oil and gas, petrochemical, water treatment, chemical, pharmaceutical, pulp and paper, and utilities got contract from Afcons Infrastructure for delivering corrosion monitoring systems to Oil and Natural Gas Corporation. This contract helped the company to increase the revenue.
The company has wide global presence in the U.K, Middle East, U.S, Singapore, Australia and China and generates revenue from subsidiaries such as Rohrback Cosasco Systems Uk Ltd (U.K).
