Global Pipe Inspection Camera Market Size to grow by US$ 480.09 million in 2030

Press Release

The Global Pipe Inspection Camera Market is projected to grow from USD 329.7 million in 2021 to USD 480.09 million by 2030 at a CAGR of 5.7% during the forecast period. 

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The Pipe Inspection Camera Market is likely to grow at a significant rate. Sludge generation in sewers is increasing as a result of rapid industrialization in emerging countries, necessitating its removal and cleaning. Consequently, the market is likely to grow during the forecast period. The development of infrastructure and a significant expansion of the real estate sector increases economic growth by facilitating cross-border trade and industrial growth, which in turn fuels demand for pipe inspection cameras. Various factors, such as an increase in industrial projects such as building and mining, as well as the repowering of existing projects, are expected to present substantial potential for the market throughout the forecast period. In the near future, however, technological, regulatory, and competitive challenges are projected to have an impact on the pipe inspection camera industry.

The COVID-19 epidemic has caused severe damage on worldwide commercial and economic activity. The epidemic will have a short-term impact on the global market for pipe inspection camera systems. Production and manufacturing were significantly harmed as a result of several governments around the world announcing statewide lockdowns and temporary closures of various industries. The demand-supply disparity was exacerbated by trade obstacles.  

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Plumbers used to inspect household drain or sewage lines, but with new equipment, locating leaks or other main sewer line concerns has become easier. The crawler camera system is an important instrument for inspecting drainage lines, and its video camera provides a live view of the current drainage situation. Drain inspection is necessary to take preventative steps against any leaks or blockages. Many end-users employ crawler camera systems to visually check drains and sewer lines to gather information about decisions on scheduled corrective maintenance. Over the projection period, these variables are likely to propel segment expansion.

Rising Utilization of Advanced Pipe Inspection Cameras in Various End User Industries Propel Market Growth

End users are always looking for innovative and user-friendly inspection solutions for their sewer and water management pipeline network. Due to diverse types of waste discharge from a comparable network of pipelines, industrial end users required constant and real-time monitoring of their pipeline network. The many types of trash generated in industrial settings are mostly to blame for structural deterioration. End users are using a variety of inspection technologies, such as pipe inspection cameras and CCTV inspection cameras. Bore-scopes, robotic crawlers, push rod cameras, and Pan-Tilt-Zoom (PTZ) video systems are all included in these portable inspection systems. Pipes, engines, tubes, turbines, boilers, condensers and mainline sewers are among the items for which these inspection systems are developed to satisfy the needs of industrial inspection environments.  

North America dominated the pipe inspection camera system industry. Over the projected period, demand for pipe inspection camera systems is expected to be driven by continued industrial and municipal expansion, as well as rising need for advanced video inspection devices. Furthermore, government regulations prohibiting employees from entering sewer or pipeline systems for surveying and maintenance are expected to boost demand for the pipe inspection camera market during the forecast period.  The United States is expected to remain a significant shareholder in North America. The US natural gas pipeline network, according to the US Energy Information Administration, is a substantially interconnected network with roughly 3 million miles of mainline and additional pipelines connecting production spaces and storage facilities with consumers. Many oil and gas companies are focused on pipeline inspections on a regular basis to minimize catastrophes like gas leaking. Over the projected period, these factors are likely to fuel market demand.

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KEY INDUSTRY DEVELOPMENTS:   

In September 2018, PureView SD was launched by Rausch USA, LLC in collaboration with POSM's Panomorph software suite. For mainline inspections, the PureView SD camera can be linked to the crawler.

In 2018 October, CUES Inc. deployed a new pipeline inspection system with the goal of reducing unplanned downtime. The CUES REDI (Remote Evaluation Diagnostic Inspection) Kit, which is available on the market, is a pipeline inspection kit that enables for quick and accurate troubleshooting. 

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