Corrosion Under Insulation Monitoring Market Analysis and Forecast to 2032: By Component (Hardware, Software, Services), End-User (Oil & Gas, Marine, Energy & Power, Chemical & Petrochemical, Food Processing Industries, Others), and Region

Corrosion under insulation (CUI) is a major problem in the process industries. It is estimated that CUI accounts for 30% of all external corrosion on process piping and equipment. CUI is difficult to detect and often goes undetected until it is too late.

CUI monitoring is a process of monitoring for the presence of corrosion under insulation. There are many methods of CUI monitoring, but the most common is through the use of corrosion coupons. Corrosion coupons are placed under the insulation and monitored for corrosion over time. Other methods of CUI monitoring include impedance monitoring and electrochemical noise monitoring.

CUI monitoring is a critical part of any corrosion control program. It is important to detect CUI early so that corrective action can be taken to prevent further damage. CUI can lead to leaks, process disruptions, and even catastrophic failures.

The Corrosion Under Insulation Monitoring Market size was USD 0.09 Billion in 2022 and is anticipated to reach USD 0.3 Billion in 2032, growing at a rate of 10.5% from 2023 to 2032.

Key Trends

There are several key trends in corrosion under insulation (CUI) monitoring technology.

First, there is a trend toward using more sophisticated sensors to detect CUI. These sensors are able to detect a wider range of corrosion products, including both ferrous and non-ferrous metals.

Second, there is a trend toward using more advanced data analysis techniques to identify CUI. These techniques can help to identify the location and severity of CUI, as well as predict the rate of corrosion.

Third, there is a trend toward using more sophisticated models to simulate the effects of CUI. These models can help to optimize the design of CUI mitigation strategies.

Key Drivers

The key drivers of corrosion under the insulation monitoring market are the growing demand for energy-efficient buildings and the need for effective asset management in the oil and gas industry. The growing demand for energy-efficient buildings is driving the need for effective asset management, which in turn is driving the demand for corrosion under insulation monitoring systems. The oil and gas industry is a major user of corrosion under insulation monitoring systems, as they are used to monitor the integrity of pipelines and other critical infrastructure. The growing demand for oil and gas in the Asia-Pacific region is another driver of the market.

Restraints & Challenges

The key restraints and challenges in the corrosion under insulation monitoring market are the lack of awareness among end-users and the high cost of the technology. The lack of awareness is a key challenge as most end-users are unaware of the existence of such a technology and its benefits. The high cost of the technology is another key challenge as it is currently very expensive and is not affordable for most end-users.

Market Segments

The corrosion under insulation monitoring market report is bifurcated on the basis of component, end-user, and region. On the basis of component, it is segmented into hardware, software, and services. By end-user, it is categorized into oil & gas, marine, chemical & petrochemical, energy & power, food processing industries, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Player

The corrosion under insulation monitoring market report includes players such as 3-Sci Limited, Alabama Specialty Products, Inc., Eddyfi Technologies, iSensPro , KAEFER, MAXWELL NDT, MISTRAS Group, TesTex Incorporated, QSA Global, Inc., and Cosasco.

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Corrosion Under Insulation Monitoring Market Outlook
3.1. Corrosion Under Insulation Monitoring Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Corrosion Under Insulation Monitoring Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Corrosion Under Insulation Monitoring Market
4.3. Economic Impact Analysis

Chapter 5. Corrosion Under Insulation Monitoring Market by Component
5.1. Market Overview
5.2. Hardware
5.2.1. Market Size and Forecast, 2022-2032 ($Million)
5.2.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
5.3. Software
5.3.1. Market Size and Forecast, 2022-2032 ($Million)
5.3.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
5.4. Services
5.4.1. Market Size and Forecast, 2022-2032 ($Million)
5.4.2. Market Size and Forecast, by Region, 2022-2032 ($Million)

Chapter 6. Corrosion Under Insulation Monitoring Market by End-User
6.1. Market Overview
6.2. Oil & Gas
6.2.1. Market Size and Forecast, 2022-2032 ($Million)
6.2.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
6.3. Marine
6.3.1. Market Size and Forecast, 2022-2032 ($Million)
6.3.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
6.4. Energy & Power
6.4.1. Market Size and Forecast, 2022-2032 ($Million)
6.4.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
6.5. Chemical & Petrochemical
6.5.1. Market Size and Forecast, 2022-2032 ($Million)
6.5.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
6.6. Food Processing Industries
6.6.1. Market Size and Forecast, 2022-2032 ($Million)
6.6.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
6.7. Others
6.7.1. Market Size and Forecast, 2022-2032 ($Million)
6.7.2. Market Size and Forecast, by Region, 2022-2032 ($Million)

Chapter 7. Corrosion Under Insulation Monitoring Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.2.3. North America Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.2.4. North America Corrosion Under Insulation Monitoring Market Size and Forecast by Country, 2022-2032, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.2.5.2. The U.S. Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.2.6. Canada
7.2.6.1. Canada Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.2.6.2. Canada Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.2.7.2. Mexico Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.3.3. Europe Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.3.4. Europe Corrosion Under Insulation Monitoring Market Size and Forecast by Country, 2022-2032, ($Million)
7.3.5. Germany
7.3.5.1. Germany Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.3.5.2. Germany Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.3.6. France
7.3.6.1. France Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.3.6.2. France Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.3.7.2. U.K. Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.3.8. Spain
7.3.8.1. Spain Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.3.8.2. Spain Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.3.9. Italy
7.3.9.1. Italy Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.3.9.2. Italy Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.3.10.2. Rest of Europe Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Corrosion Under Insulation Monitoring Market Size and Forecast by Country, 2022-2032, ($Million)
7.4.3. Asia-Pacific Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.4.4. Asia-Pacific Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.4.5. China
7.4.5.1. China Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.4.5.2. China Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.4.6. India
7.4.6.1. India Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.4.6.2. India Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.4.7. Japan
7.4.7.1. Japan Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.4.7.2. Japan Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.4.8.2. South Korea Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.4.9.2. Rest of APAC Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.5.3. Rest of the World Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.5.4. Rest of the World Corrosion Under Insulation Monitoring Market Size and Forecast by Country, 2022-2032, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.5.5.2. Latin America Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.5.6.2. Middle East Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)
7.5.7. Africa
7.5.7.1. Africa Corrosion Under Insulation Monitoring Market Size and Forecast by Component, 2022-2032, ($Million)
7.5.7.2. Africa Corrosion Under Insulation Monitoring Market Size and Forecast by End-User, 2022-2032, ($Million)

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Developments
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. 3-Sci Limited
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Alabama Specialty Products, Inc.
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Eddyfi Technologies
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. iSensPro
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. KAEFER
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. MAXWELL NDT
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. MISTRAS Group
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. TesTex Incorporated
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. QSA Global, Inc.
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Cosasco
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis

*The list of companies is subject to change during the final compilation of the report
Market Segments

By Component

  • Hardware
  • Software
  • Services

By End-User

  • Oil & Gas
  • Marine
  • Energy & Power
  • Chemical & Petrochemical
  • Food Processing Industries
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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