Overview and Scope
Industrial X-ray tubes are vacuum devices that generate X-rays by accelerating electrons to high speeds in a high-voltage field and causing them to smash with an anode plate as a target. They are used for performing offline inspection, quality control for non-destructive testing (NDT), and measurement of items with flaws.
Sizing and Forecast
The industrial x-ray tubes market size has grown strongly in recent years. It will grow from $0.9 billion in 2023 to $0.97 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to prevalence of venous disorders, post-surgery prevention, rise in aging population, hospitalization and bed rest, focus on deep vein thrombosis awareness, shift towards outpatient care, orthopedic procedures..
The industrial x-ray tubes market size is expected to see strong growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing ambulatory surgery, expanding applications in lymphedema management, global emphasis on preventive healthcare, sports medicine and rehabilitation, awareness and education campaigns, collaboration in healthcare delivery.. Major trends in the forecast period include home-based use of ipc devices, integration of smart technologies, customization of compression therapy, portable and wearable ipc solutions, application in wound healing, innovations in sequential compression patterns..
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Segmentation & Regional Insights
The industrial x-ray tubes market covered in this report is segmented –
1) By Type: Ceramic Tube, Glass Tube, Cermet Tube
2) By Application: Non-Destructive Testing, X-Ray Analysis, Coating Thickness Measurement
3) By End-User: Manufacturing, Healthcare, Food, Aerospace And Defense, Other End-Users
North America was the largest region in the industrial X-ray tubes market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial x-ray tubes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing oil and gas pipeline is expected to propel the growth of the industrial X-ray tubes market. Oil and gas pipelines refer to steel or plastic tubes buried underground to transport or distribute petroleum products from region to region and equipped with pumps, valves, and other control devices. Industrial X-ray tubes are used in oil and gas pipelines for non-destructive testing (NDT) to evaluate and inspect the pipelines’ properties without destroying the original system’s serviceability. For instance, in May 2022, according to the Energy Information Administration, a US-based principal agency of energy information, around 7,44 Bcf/d (Billion cubic feet per day) of new natural gas pipeline was added in 2021, and over 0.43 Bcf/d of new natural gas pipeline capacity was added in Q1 2022 in the US. Therefore, the increasing oil and gas pipeline is driving the growth of the industrial X-ray tubes market.
Key Industry Players
Major companies operating in the industrial x-ray tubes market report are General Electric SE, Toshiba Corporation, Siemens Healthineers AG, Baker Hughes Company, Koninklijke Philips NV, Ronghua Ltd., Varian Medical Systems Inc., Varex Imaging Corporation, Comet Holding AG, Oxford Instruments, Lohmann X-ray GmbH, Nrt Nordisk Rontgen Teknik A S, Malvern Panalytical Ltd., Viscom AG , Dunlee Inc., Canon Electron Tubes & Devices Co Ltd., Proto Manufacturing LLC, Gulmay Inc., AXT Pty Ltd., Hangzhou Kailong Medical instrument Co Ltd., Lafco India Scientific Industries, BMI Biomedical International Corporation, IAE Sp.A, Micro X-ray Inc., Superior X-Ray Tube Company</b
The industrial x-ray tubes market report table of contents includes:
1. Executive Summary
2. Industrial X-Ray Tubes Market Characteristics
3. Industrial X-Ray Tubes Market Trends And Strategies
4. Industrial X-Ray Tubes Market – Macro Economic Scenario
5. Global Industrial X-Ray Tubes Market Size and Growth
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32. Global Industrial X-Ray Tubes Market Competitive Benchmarking
33. Global Industrial X-Ray Tubes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Industrial X-Ray Tubes Market
35. Industrial X-Ray Tubes Market Future Outlook and Potential Analysis
36. Appendix
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