Pipe Inspection Camera Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Axial View Push camera, Lateral Launch Camera, and Crawler Camera), By Application (Municipal Corporations, Industrial Authorities, Residential, Commercial Complexes, and Others), By Camera type (Single View Pipe Inspection Camera, and Dual View Pipe Inspection Camera), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2022-2030

KEY MARKET INSIGHTS    

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. Professional plumbing equipment designed to explore and check pipe interiors is known as pipe inspection cameras. A pipe inspection camera is a strong diagnostic instrument that helps in making the necessary underground plumbing selections. The service tool resembles a colonoscopy in appearance. It's made for sewer piping systems and is used in them.

Pipe inspection cameras are useful in a variety of situations and sectors. The fiber optic camera is the size of a smartphone camera and is connected to a long, flexible metal cable. It works in tandem with other devices like the monitor and the probe. The use of these cameras removes the mystery surrounding pipe problems. These cameras are weatherproof and can be used to inspect sewer lines and other pipes visually.

The latest generation of sewer cameras is designed for the practical working conditions and requirements of industrial sites. Residential, commercial, and industrial developments are the primary drivers of the pipe inspection camera market. The fact that sewer cameras save time, do not require digging, are more precise, provide improved accessibility, and are easy, safe, and cost-effective are all elements that contribute to the market's growth.   

COVID-19 ANALYSIS     

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.  

Consistent Rise in Need for Sewer Maintenance and Management

Governments all around the world have spent a significant amount of money to repair and maintain their sewer networks and waste management plants. The majority of the damage was caused by microorganism corrosion. Acid excretion affects the concrete surface and also penetrates the mortar surface in sewer systems, causing degradation. The overall lifespan and reliability of waste management and wastewater management systems are greatly reduced as a result of such structural deterioration of billion-dollar infrastructure assets. Predicting and assessing structural deterioration in the early stages can aid with management. This aids authorities in reducing the potential harm to infrastructure systems' life cycles. Authorities have benefited greatly from the introduction of new camera and inspection systems.

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.

High Cost of Equipment and Associated Accessories Hinder Market Growth

Pipeline inspection system adoption has been hampered by the high cost of equipment and associated accessories. Due to restricted government expenditure on repair and maintenance, end users in the APAC are primarily focused on buying cost-effective solutions for waste management and sewage management activities. In addition, the producers compete primarily on the basis of product differentiation. As a result, these producers are offering fresh, high-priced products, thus limiting the overall adoption of pipe inspection camera systems. The new items also come with a variety of services, such as software and maintenance, which are more expensive for the average home user. The aforementioned factors are reducing the overall utilization of pipe inspection camera market.     

SEGMENTATION   

The Global Pipe Inspection Camera Market is segmented by Product Type, Application, Camera type, and Region. Based on the Product Type, the market is categorized into Axial View Push Camera, Lateral Launch Camera, and Crawler Camera. Based on Application, the market is categorized into Municipal Corporations, Industrial Authorities, Residential, Commercial Complexes, and Others. Based on the Camera type, the market is categorized into Single View Pipe Inspection Camera and Dual View Pipe Inspection Camera. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.     

REGIONAL INSIGHTS   

The Global Pipe Inspection Camera Market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.         

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.    

The European market might be bolstered by proper sanitation departments in industrialized and flourishing countries such as France, the United Kingdom, Germany, and others.  Over the projection period, Asia Pacific is predicted to be the fastest-growing regional market, accounting for more than a quarter of total revenue. Several growing economies, such as India and China, have expanded their residential, industrial, and municipal regions in this region. Growing demand from such end-users for sophisticated technology to examine drains and pipelines is expected to drive regional market expansion in the coming years.

KEY INDUSTRY PLAYERS

The global pipe inspection market is characterized by the existence of numerous well-established players with broad product portfolios and a strong global presence, each accounting for a large market share. Small to medium-sized players, on the other hand, provide a limited variety of crawler camera systems and mostly serve the domestic market.

LIST OF KEY COMPANIES PROFILED:

• Spartan Tool
• TvbTech Co., Ltd
• Pro-Built Tools, Inc.
• CUES Inc.
• Insight | Vision.
• Cognex Corporation
• Olympus Corporation
• SICK AG
• Camtronics B.V.
• Deep Trekker Inc.
• Envirosight LLC.
• Rausch USA

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. 

SEGMENTATION

By Product Type

• Axial View Push camera
• Lateral Launch Camera
• Crawler Camera

By Application

• Municipal Corporations
• Industrial Authorities
• Residential
• Commercial Complexes
• Others

By Camera type

• Single View Pipe Inspection Camera
• Dual View Pipe Inspection Camera

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America 
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa