Global Creep and Stress Rupture Testers Market 2028: Market Size & Shares, Market Drivers and Challe

By Shashiipawar    12 / Dec / 2018    In Category Industrial

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In the past few years, creep and stress rupture testers have been widely used to determine the way materials change shape due to long-term exposure to high levels of stress and temperature. The increasing demand for creep and stress rupture testers by engineers and researchers for evaluating the durability of a large range of materials and products such as power generation turbines, ovens, boilers, and pressure vessels, is one of the major factors driving the growth of the market. Moreover, creep and stress rupture testers also play an important role in automotive and aerospace industry applications for carefully evaluating a decrease in performance that may occur when the adhesive bonded joints are subjected to creep loading. Furthermore, increased levels of automation and improved energy efficiency in laboratories are also supporting the rapid demand for creep and stress rupture testers, which, in turn, are fuelling the growth of the creep and stress rupture testers market.

Creep and stress rupture testers are devices that are used to measure dimensional changes accurately at constant high temperatures and constant load or stress. Furthermore, creep and stress rupture testers provide the prediction of life expectancy before service, which is important for various industrial equipment such as turbine blades and boilers. Due to this factor, the demand for creep and stress rupture testers is increasing continually, which is driving the growth of the market. In addition to this, due to the increasing adoption of creep and stress rupture testers from practically every relevant vertical, especially across regions, increase in number of laboratories is being witnessed, the creep and stress rupture testers market is expected to exhibit a high growth rate during the forecast period.

Global Creep and Stress Rupture Testers Market: Drivers and Challenges

Drivers

The increasing usage of creep and stress rupture testers for modelling long-term applications that are strain limited is the primary factor driving the growth of the creep and stress rupture testers market. Furthermore, the increasing growth of the pharmaceutical industry coupled with increasing collaborations in the chemical sector is also creating potential opportunities for the growth of the creep and stress rupture testers market. Significant investments in the research and development sector of various industries is another factor driving the growth of the market. Moreover, technological advancements in the laboratory processes have also led to the increasing adoption of creep and stress rupture testers, due to which, the market is expected to witness high growth rates during the forecast period. 

Challenges

The high maintenance cost associated with creep and stress rupture testers is one of the major challenges/restraints for the growth of the market.

Global Creep and Stress Rupture Testers Market: Segmentation

Segmentation on the Basis of Testing Temperature Range:

  • <1200 Degrees F
  • 1200 - 1500 Degrees F
  • >1500 Degrees F

Segmentation on the Basis of End Use Industry:

  • Manufacturing
  • Aerospace
  • Medical and Pharmaceuticals
  • Military & Defence
  • Power Generation
  • Oil & Gas
  • Transportation
  • Others

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Global Creep and Stress Rupture Testers Market: Competition Landscape

Key Players

Prominent players in the global creep and stress rupture testers market are Laboratory Testing, Inc., Element Materials Technology, Qualitest International Inc., Lucideon Limited, IMR Test Labs, SATEC Ltd., Shenzhen Wance Testing Machine Co., Ltd., Touchstone Research Laboratory, and Veekay Industries.

Regional Analysis of Creep and Stress Rupture Testers Market:

  • North America market (U.S; Canada)
  • Latin America market (Mexico, Brazil, Rest of Latin America
  • Western Europe market (Germany, France, U.K., Spain, Italy, Nordic, Benelux, Rest of Western Europe)
  • Eastern Europe market (Poland, Russia, Rest of Eastern Europe)
  • SEA and other Asia Pacific countries market (India, Indonesia, Oceania, Singapore, Philippines, Malaysia, Thailand, Rest of SEA and other Asia Pacific countries)
  • Japan market
  • China market
  • Middle East and Africa market (GCC Countries, Turkey, North Africa, South Africa, Rest of MEA)

The Creep and Stress Rupture Testers Market report covers exhaustive analysis on:

  • Global Market Segments
  • Global Market Dynamics
  • Historical Actual Market Size, 2013–2017
  • Global Market Size & Forecast, 2018 to 2028
  • Supply & Demand Value Chain for the Market
  • Global Market Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Market Solutions Technology
  • Value Chain of the Market
  • Global Market Drivers and Restraints

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Creep and Stress Rupture Testers Market Report Highlights

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint