Published Date: 16-Jul-2020
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According to a new report Global Crawler Camera System Market, published by KBV research, The Global Crawler Camera System Market size is expected to reach $275.3 Million by 2026, rising at a market growth of 10.8% CAGR during the forecast period.
The municipal segment accounted for the largest share and is expected to stay in the lead throughout the forecast period. As municipal sewers and pipelines age, the potential risk of blockages, deterioration, and collapse becomes a key concern. Municipalities across the globe are now taking constructive steps, such as the monitoring and maintenance of sewers and pipelines, to enhance the efficiency of their systems. The industrial segment is expected to follow the municipal segment on the basis of revenue and to witness significant growth over the forecast period.
The pipeline inspection dominated the market and is expected to grow at the fastest CAGR during the forecast period. Canvassing pipelines have become safer and more effective due to crawler camera systems because they provide real-time footage that can be captured continuously over a few days.
The Asia Pacific is projected to be the fastest-growing regional market and is expected to sustain this growth rate over the forecast period as well. This region is home to a number of emerging economies, such as India and China, with expanding residential, industrial, and municipal areas. North America led the crawler camera system market. Constant expansion of industrial and municipal areas, coupled with a growing demand for modern video inspection equipment, is likely to drive demand for the crawler camera system over the forecast period. The Europe market is expected to witness a CAGR of 10.4% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/crawler-camera-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Deep Trekker, Inc., AM Industrial Ltd., Eddfyi Technologies, Kummert GmbH, Rausch Electronics USA, LLC, Inspector Systems Rainer Hitzel GmbH, Envirosight LLC, Scanprobe Techniques Ltd., Spoutvac Industries Pty. Ltd. (Regent Pumps), and Mini-Cam Ltd.
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