February 12, 2020 - 6:59 AM EST
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Global Crawler Camera System Markets, 2020-2025 - Big Data Analytics Will Increase the Scope of Pipeline Monitoring Systems

Dublin, Feb. 12, 2020 (GLOBE NEWSWIRE) -- The "Crawler Camera System Market by Component (Hardware, Software, Service), Application (Drain Inspection; Pipeline Inspection; Tank, Void, and Cavity/Conduit Inspection), Vertical (Residential, Municipal, Industrial), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The crawler camera system market is projected to reach USD 353 million by 2025 from USD 145 million in 2019; it is projected to grow at a CAGR of 14.5% during the forecast period.

The major drivers for the market's growth are the rising demand from residential and municipal applications, increasing government mandates and regulations for pipeline assessment, growing demand for advanced inspection systems for underwater operations, and growing demand for sewer inspection. The introduction of magnetic crawlers will create growth opportunities for crawler camera system manufacturers.

The major restraint for the market is the faster battery drainage of crawler camera systems. The time involved in the data analytics process in crawler camera systems poses a major challenge for this market.

Services to hold the largest share of crawler camera system market during the forecast period

Some end-users prefer to rent crawler camera systems from manufacturers and avail inspection services as per their requirements. Other services included in this segment are maintenance and support services. End users in developing countries of the APAC region, such as India and China, prefer to rent inspection services rather than buying the systems as the cost of renting services is less compared with buying crawler camera systems. Therefore, the services market in this region is projected to grow at the highest CAGR during the forecast period.

Among all verticals, residential vertical will grow at highest CAGR during the forecast period

Crawler camera systems are used in the residential vertical for drain line inspection, sewer inspection, and pipeline inspection. When used for pipeline inspection in residential areas, crawler camera systems provide information about pipe defects, separated pipe joints, leaks, blockages, and other obstacles that are difficult to detect physically by humans. Furthermore, crawler camera systems can reach inaccessible areas such as large offsets, restricted pipes, protruding pipe tapes, flood drains, and interiors of water sewers.

North America to hold the largest share of crawler camera system market during the forecast period

In North America, crawler camera systems are majorly used for pipeline inspection, drain and sewer inspection, and tank and cavity inspection. Pipelines are the primary mode of transportation for crude oil, petroleum products, and natural gas in both Canada and the US. In the US, approximately 70% of crude oil and petroleum products are shipped through pipelines; in Canada, approximately 97% of natural gas and petroleum products are shipped through pipelines.

The focus of oil & gas companies, government bodies, and environmental agencies are on preventing oil spills, gas leaks, and other disasters because of the increase in the number of pipelines across the North American countries. This is compelling oil & gas companies to use crawler camera systems for pipeline inspection. The US Department of Homeland Security (DHS) has set special regulations on pipelines due to their vulnerability to physical threats.

The US Transportation Security Administration (TSA), along with the US Department of Energy (DOE), the Department of Transportation (DOT), and the DHS, frames policies and protection strategies for securing and monitoring pipeline infrastructure.

Major Players

CUES (US), Deep Trekker (Canada), Eddyfi (Canada), Mini-Cam (UK), iPEK International (Germany), ULC Robotics (US), Ratech Electronics (Canada), Envirosight (US), Rausch Electronics USA (US), Insight - Vision (US), RIEZLER (Germany), NDT Technologies (P) Limited (India), Scanprobe (UK), Subsite Electronics (US), and AM Industrial Group (UK) are a few major players in the crawler camera system market.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in the Market
4.2 Market, By Application
4.3 Market in APAC, By Application and Country
4.4 Market in North America, By Vertical
4.5 Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics: Crawler Camera System Market
5.2.1 Drivers
5.2.1.1 Rising Demand From Municipal and Residential Applications
5.2.1.2 Increasing Government Mandates and Regulations for Pipeline Assessment
5.2.1.3 Growing Demand for Advanced Inspection Systems for Underwater Operations
5.2.1.4 Growing Demand for Sewer Inspection Systems
5.2.2 Restraints
5.2.2.1 Fast Battery Drainage of Crawler Camera Systems
5.2.3 Opportunities
5.2.3.1 Introduction of Magnetic Crawlers
5.2.3.2 Big Data Analytics Will Increase the Scope of Pipeline Monitoring Systems
5.2.3.3 Increasing Demand for Pipeline Monitoring Solutions Due to Enhanced Pipeline Infrastructure
5.2.4 Challenges
5.2.4.1 More Time Required for Data Analytics

6 Crawler Camera System Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Cameras
6.2.1.1 Market for Cameras to Grow at Highest CAGR in APAC
6.2.2 Crawlers
6.2.2.1 North America is Expected to Lead Crawlers Market During Forecast Period
6.2.3 Cable Drums
6.2.3.1 Cable Drums are Responsible for the Movement of Crawler Camera Systems
6.2.4 Control Units
6.2.4.1 Control Units are Responsible for Safety of Crawler Camera Systems
6.2.5 Others
6.2.5.1 Use of Other Components in Crawler Camera Systems Varies According to Application Requirements
6.3 Software
6.3.1 Software is Responsible for Data Gathering and Report Generation in Crawler Camera Systems
6.4 Services
6.4.1 APAC Crawler Camera System Services Market to Grow at Highest CAGR During Forecast Period

7 Crawler Camera System Market, By Application
7.1 Introduction
7.2 Drain Inspection
7.2.1 North America to Lead Market for Drain Inspection During Forecast Period
7.3 Pipeline Inspection
7.3.1 Market for Pipeline Inspection in APAC to Grow at Highest CAGR During Forecast Period
7.4 Tank, Void, and Cavity/Conduit Inspection
7.4.1 Market for Tank, Void, and Cavity/Conduit Inspection to Grow at Highest CAGR in US During Forecast Period

8 Market, By Vertical
8.1 Introduction
8.2 Residential
8.2.1 Residential Segment to Grow Owing to Increasing Use of Crawler Camera Systems in Water Management Sector Across the World
8.3 Municipal
8.3.1 Municipal Vertical to Witness Highest Growth in APAC Due to Ongoing Infrastructural Developments in the Pipeline Industry in This Region
8.4 Industrial
8.4.1 North America to Dominate Market for Industrial Vertical During Forecast Period
8.5 Commercial
8.5.1 Market for Commercial Vertical to Witness Highest Growth in APAC

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Market in North America Will Be Dominated By US During Forecast Period
9.2.2 Canada
9.2.2.1 Growing Awareness About Use of Crawler Cameras for Pipeline Inspection is Expected to Drive Market in Canada
9.2.3 Mexico
9.2.3.1 Increase in Pipeline Projects in Mexico Will Drive Market During Forecast Period
9.3 Europe
9.3.1 UK
9.3.1.1 Increasing Production of Oil & Gas Will Drive Market in UK
9.3.2 Germany
9.3.2.1 German Market for Crawler Camera System Will Witness High Growth Owing to Increasing Concerns Over Safety of Pipelines and Energy Infrastructure
9.3.3 France
9.3.3.1 Growing Demand for Sewer Inspection Will Boost Market in France
9.3.4 Spain
9.3.4.1 Rising Demand From Municipal and Residential Verticals for Inspection of Pipes Will Boost Market in Spain
9.3.5 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 China to Hold Largest Share of Market in APAC
9.4.2 Japan
9.4.2.1 Market in Japan to Grow at Highest CAGR Among APAC Countries During Forecast Period
9.4.3 South Korea
9.4.3.1 Requirement of Crawler Camera for Pipeline and Sewer Line Inspection Will Help the Market to Grow in South Korea
9.4.4 Australia
9.4.4.1 Increasing Investment Opportunities and Government Policies in Energy Sector Will Drive Australian Market
9.4.5 Rest of APAC
9.5 RoW
9.5.1 Middle East
9.5.1.1 Rising Environmental Concerns and Increasing Export Activities Will Boost Market in Middle East
9.5.2 Africa
9.5.2.1 Growing Number of Pipeline Projects in Africa Will Drive African Market
9.5.3 South America
9.5.3.1 Growing Number of Pipelines in South America Will Boost Market in the Region

10 Competitive Landscape
10.1 Overview
10.2 Ranking Analysis of Key Players in Crawler Camera System Market
10.3 Competitive Situations and Trends
10.3.1 Product Developments
10.3.2 Contracts
10.3.3 Partnerships
10.3.4 Acquisitions
10.4 Competitive Leadership Mapping, 2019
10.4.1 Visionary Leaders
10.4.2 Dynamic Differentiators
10.4.3 Innovators
10.4.4 Emerging Companies

11 Company Profiles
11.1 Key Players
11.1.1 Cues Inc. (Acquired by SPX Corporation)
11.1.2 Deep Trekker
11.1.3 Eddyfi
11.1.4 Mini-Cam (A Halma Group Company)
11.1.5 IPEK International (An Idex Group Company)
11.1.6 ULC Robotics
11.1.7 Ratech Electronics
11.1.8 Envirosight
11.1.9 Rausch Electronics USA
11.1.10 Insight - Vision
11.2 Right to Win
11.3 Other Players
11.3.1 Riezler Inspection Systems
11.3.2 NDT Technologies (P) Limited
11.3.3 Scanprobe
11.3.4 Subsite Electronics (The Charles Machine Works Company)
11.3.5 Am Industrial Group
11.4 Key Innovators
11.4.1 Source One Environmental (Fernco Company)
11.4.2 Crawler Pipeline Services
11.4.3 Laveer Engineering
11.4.4 Ac-Cess
11.4.5 Spectis Robotics

For more information about this report visit https://www.researchandmarkets.com/r/qwbltq

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Source: GlobeNewswire PR (February 12, 2020 - 6:59 AM EST)

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