Ultrasonic pulse velocity testers find most common applications in material science laboratories and other construction related non-destructive ultrasonic testing. Ultrasonic pulse velocity testers are generally used in the manufacturing and building construction industries.
They provide precise crack and void detection, elasticity measurements, and homogeneity detection. Thus, ultrasonic pulse velocity testers are vastly utilized in laboratories committed to extensive research in material science.
In the ultrasonic pulse velocity tester market, most manufacturers are offering specially designed ultrasonic pulse velocity testers integrated with varying features for different end user verticals, such as chemicals and petrochemicals, sewage and water treatment facilities, and oil and gas refineries.
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With regards to the applications of ultrasonic pulse velocity testers, the global ultrasonic pulse velocity testermarket is sub-segmented into material science and research, infrastructure and construction testing, elasticity measurements; homogeneity detection, void and crack detection, non-destructive strength measurements, and other ultrasonic pulse velocity tester applications. The infrastructure and construction testing sub-segment is estimated to register the highest growth rate in the global ultrasonic pulse velocity tester market.
This growth in infrastructure and construction testing applications of ultrasonic pulse velocity testers is owed to the quantitative rise in the requirement of high efficiency and accurate laboratory systems. Also, accelerated adoption of ultrasonic pulse velocity testers for the purpose of non-destructive strength testing is expected to have a positive impact on the growth of the global ultrasonic pulse velocity tester market during the forecast period.
With respect to the end user vertical, the global ultrasonic pulse velocity tester market is segregated into sewage and water treatment facilities; chemicals and petrochemicals; aerospace and defence; educational research; oil and gas refineries; construction engineering, remodelling and design; and concrete, glass and building materials. Concrete, glass and building materials end user vertical of ultrasonic pulse velocity testers is anticipated to hold the largest market share of the global ultrasonic pulse velocity tester market by the end of the forecast year 2027.
However, by the end of the year 2022, educational research end user vertical is estimated to overtake concrete, glass and building materials end user vertical and hold the largest market share of the global ultrasonic pulse velocity tester market. Government initiatives towards increasing infrastructural investments motivate the end users to procure such ultrasonic pulse velocity testers. This factor is anticipated to facilitate a steady growth of the global ultrasonic pulse velocity tester market.
On the basis of transducer frequency range, the global ultrasonic pulse velocity tester market is sub-segmented into above 150 kHz;above 100 kHz, upto 150 kHz; above 50 kHz, upto 100 kHz; and 24 kHz - 50 kHz. In terms of volume, 24 kHz - 50 kHz transducer frequency range is projected to record the highest growth rate of 6.3%. Ultrasonic pulse velocity testers with transducer frequency range above 50 kHz and upto 100 kHz, is estimated to register the second highest growth rate during the forecast period.
Also, on the basis of geography, the North American ultrasonic pulse velocity testermarket is projected to hold the largest market share of the global ultrasonic pulse velocity testermarket during the forecast period. High presence of ultrasonic pulse velocity tester manufacturers drives the market in North America. The provision of enhanced healthcare capabilities by the U.S. government is expected to propel the Ultrasonic Pulse Velocity Testermarket in North America.
The Middle East and Africa region is anticipated to register the highest growth rate in the global ultrasonic pulse velocity tester market and is expected to witness a widespread deployment of advanced laboratory-grade non-destructive ultrasonic testing automation enabling equipment in the years to come. APEJ countries, such as Australia, Malaysia and Singapore are expected to play a major role in driving the APEJ market.
Major government driven initiatives committed to stimulation of material science and construction related research and development drive the ultrasonic pulse velocity tester market in the APEJ region. Furthermore, the Latin American market for ultrasonic pulse velocity tester market is expected to record the second highest CAGR during the forecast period. This market growth in Latin America is attributed to the ever-rising establishment of advanced laboratories in the region.
As per FMI analysis, long term business contracts with partners help increase revenue and smart innovation strategies enable ultrasonic pulse velocity tester vendors to enhance their global market presence. Some key players featured in the global ultrasonic pulse velocity tester market report are Aimil Ltd.; Canopus Instruments; Controls S.p.A.; Cygnus Instruments; Humboldt Mfg. Co.; Impact Test Equipment Ltd.; James Instruments Inc.; Mitech Co., Ltd; Novotest; Olson Instruments Inc.; Qualitest International Inc.; PCTE - Papworths Construction Testing Equipment; Proceq Group; Roop Telsonic Ultrasonix; and Stanlay.
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The ultrasonic pulse velocity tester market is likely to garner a CAGR of 7.2% during the forecast period.
Infrastructural investments by the government to motivate end users, promote market growth.
The market is likely to secure a valuation of about USD 37.88 Bn, by 2032.
North America is the leading market for ultrasonic pulse velocity tester.
| Expected Market Value (2022) | USD 24 Billion |
|---|---|
| Anticipated Forecast Value (2032) | USD 36 Billion |
| Projected CAGR (2022 to 2032) | 4.1% |
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Ultrasonic Pulse Velocity Tester Market
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