Latest News- Industrial Computed Tomography Equipment Market: FD and I is expected to lead the Application segment during 2025-2029

The Industrial Computed Tomography Equipment Market is being driven by Renewed demand from the oil and gas industry

The Industrial Computed Tomography Equipment Market is expected to grow at a CAGR of 8.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 169.1 million. In the industrial sector, portable computed tomography (CT) equipment is experiencing significant demand due to its versatility and convenience. Particularly in industries such as oil and gas, where assets are dispersed across vast territories, portable CT solutions offer unparalleled flexibility. These systems enable inspections to be carried out at various locations and positions, increasing operational efficiency. In the oil and gas industry, a single portable CT unit can be utilized for multiple rigs, while in pipeline applications, it can be deployed at different inspection points. The automotive and aerospace industries also stand to benefit from this technology, as it allows for non-destructive testing in diverse environments. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • FD and I
  • Assembly analysis
  • Failure analysis
  • Others
• End-user
  • Automotive
  • Aerospace
  • Electronics
  • Oil and gas
  • Others
• Type
  • Stationary computed
  • Portable computed
• Technique
  • High-energy industrial CT
  • Low-energy industrial CT
  • Mini-focus industrial CT
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Renewed demand from the oil and gas industry
• Technological benefits of using industrial computed tomography equipment
• Growing regulatory compliance requirements

However, the market also witnesses some limitations, which are as follows:

• High cost of industrial computed tomography equipment
• Replacement of radiographic testing with ultrasonic testing
• Disruption of the image quality due to the presence of scatter particles

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Market Scope in Industrial Computed Tomography Equipment Market Research Report

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Research Analysis Overview

The Industrial Computed Tomography (CT) Equipment Market encompasses technologies such as X-Ray Sources, Scanning Stages, Reconstruction Algorithms, Image Enhancement, and Feature Extraction for generating 3D models. CAD Software, Inspection Reports, Data Management, and Data Security ensure workflow optimization, cost reduction, and time savings. Improved accuracy, increased efficiency, enhanced productivity, and reduced downtime are key benefits. Non-destructive evaluation techniques include Tomographic Reconstruction, Voxel-Based Analysis, Image Segmentation, and Quantitative Analysis. Finite Element Analysis, Computational Fluid Dynamics, Material Properties, Stress Analysis, Strain Analysis, Fatigue Testing, and Wear Analysis offer advanced capabilities. Corrosion Detection, Dimensional Control, Geometric Analysis, Assembly Validation, Process Control, and Quality Control Tools facilitate product certification and research collaboration.

Market Research Overview

The Industrial Computed Tomography (CT) Equipment market is a segment of the larger global electrical components and equipment market. This market caters to the manufacturing sector, focusing on CT scanning solutions for non-destructive testing applications. The parent market encompasses companies producing electrical cables and wires, electrical components, and electrical equipment. According to Technavio, the market size is determined by the revenue generated by manufacturers of various electrical equipment, including water heaters and accessories, motors, automation solutions, electrical distribution and protection equipment, and test and measurement instruments, among others. Additionally, rental and leasing of electrical components and equipment to industrial, commercial, and residential sectors contribute to the market size calculation.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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Website: www.technavio.com/