Corrosion Under Insulation Monitoring Market Key Players and Opportunities by 2031
Corrosion Under Insulation Monitoring Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services) and End User (Oil & Gas, Marine, Chemical & Petrochemical, Energy & Power, Food Processing Industries, and Others) and Geography.
- Report Date : Oct 2025
- Report Code : TIPRE00029532
- Category : Electronics and Semiconductor
- Status : Data Released
- Available Report Formats :
- No. of Pages : 150
The corrosion under insulation monitoring market size is projected to reach US$ 297.93 million by 2031 from US$ 114.10 million in 2023. The market is expected to register a CAGR of 12.7 % during 2023–2031. The adoption of advanced sensing technologies is likely to remain a key trend in the market.
Corrosion Under Insulation Monitoring Market Analysis
The Increasing focus on safety compliance, government initiatives in corrosion-related regulations, and increasingly advanced technologies mostly drive the global corrosion under insulation monitoring market. Additionally, the increasing number of start-up businesses is driving the expansion of the corrosion under insulation monitoring market globally. Corrosion Under Insulation (CUI) is one of the most insidious types of corrosion. Therefore, inspection guidelines consider it as one of the major external corrosion mechanisms at plants that require special care.
Corrosion Under Insulation Monitoring Market Overview
Corrosion Under Insulation (CUI) is recognized as a major corrosion problem, which costs the oil & gas, chemical & petrochemical, and food processing industries millions of dollars a year in inspection, repair, and replacement costs. CUI can be detrimental to the integrity of an insulated pipeline or vessel if not detected early on, causing leaks leading to possible catastrophic events. Corrosion Under Insulation (CUI) is one of the most insidious types of corrosion. Therefore, inspection guidelines consider it as one of the major external corrosion mechanisms at plants that require special care.
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Corrosion Under Insulation Monitoring Market: Strategic Insights
Market Size Value in US$ 94.74 Million in 2022 Market Size Value by US$ 193.72 Million by 2028 Growth rate CAGR of 12.7% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Corrosion Under Insulation Monitoring Market: Strategic Insights
| Market Size Value in | US$ 94.74 Million in 2022 |
| Market Size Value by | US$ 193.72 Million by 2028 |
| Growth rate | CAGR of 12.7% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Corrosion Under Insulation Monitoring Market Drivers and Opportunities
Increasing focus on safety compliance
There are some of the relevant standards that discuss corrosion under insulation. API 510 is a certification for Pressure Vessel Inspectors, validating their competence in assessing and ensuring the safety and compliance of pressure vessels. CUI inspection is covered in section 5.5.6 of the standard. API 570 offers guidance on identifying the piping systems most vulnerable to Corrosion Under Insulation (CUI). It also highlights common locations where CUI is often found on those susceptible systems. Therefore, increasing focus on safety compliance is driving the corrosion under the insulation monitoring market.
Integration of IoT and big data
The systems combine wave reflection time-of-flight technology and industrial Internet of Things (IIoT) applications to locate and monitor corrosion under insulation. The sensor wire is layered with a thin film of sacrificial material that tends to corrode in the presence of water. Using IoT sensors, the data can be measured in corrosion under insulation monitoring. Also, Machine learning technology is used in this process. Thus, the integration of IoT and big data is anticipated to generate lucrative opportunities for market growth during the forecasted period.
Corrosion Under Insulation Monitoring Market Report Segmentation Analysis
Key segments that contributed to the derivation of the corrosion under insulation monitoring market analysis are component and end user.
- Based on the drone component, the corrosion under insulation monitoring market is divided into hardware, software, and services. The mini quad segment held a larger market share in 2023.
- By end user, the market is segmented into oil & gas, marine, chemical & petrochemical, energy & power, food processing industries, and others.
Corrosion Under Insulation Monitoring Market Share Analysis by Geography
The geographic scope of the corrosion under insulation monitoring market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
APAC dominates the corrosion under insulation monitoring market. These investments and funding are expected to help corrosion under insulation monitoring providers expand their businesses and provide solutions to end users from various sectors. The growing demand for technologies propels the need for CUI in APAC, which is likely to benefit the corrosion under insulation monitoring market in the region.
Corrosion Under Insulation Monitoring Market Report Scope
Corrosion Under Insulation Monitoring Market News and Recent Developments
The corrosion under insulation monitoring market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the corrosion under insulation monitoring market are listed below:
- Cambridge company CorrosionRADAR launched StarterPACK™ to unlock the value of predictive corrosion monitoring. (Source: Cambridge company, Press Release, May 2022.)
- At the Maintenance trade show in Dortmund, Germany, Sitech signed a distribution agreement with iSensPro, a specialist in smart censoring: the remote monitoring of data from industrial assets, including plant pipelines. This strategic partnership enables Sitech to offer its customers the best solution to address Corrosion Under Insulation (CUI) at existing plants or new installations and optimize asset performance. (Source: Dortmund, Press Release, February 2024)
Corrosion Under Insulation Monitoring Market Report Coverage and Deliverables
The “Corrosion Under Insulation Monitoring Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Corrosion under insulation monitoring market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Corrosion under insulation monitoring market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- corrosion under insulation monitoring market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the corrosion under insulation monitoring market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The expected CAGR of the global corrosion under insulation monitoring market is 12.7 %.
The global corrosion under insulation monitoring market is expected to reach US$ 297.93 million by 2031.
The adoption of advanced sensing technologies is anticipated to play a significant role in the global corrosion under insulation monitoring market in the coming years.
The key players holding majority shares in the global corrosion under insulation monitoring market are 3-Sci Limited, Alabama Specialty Products, Inc., Eddyfi Technologies, iSensPro, KAEFER, MAXWELL NDT, MISTRAS Group, TesTex Incorporated, QSA Global, Inc., and Cosasco.
Increasing focus on safety compliance and integration of IoT and big data are the major factors that propel the global corrosion under insulation monitoring market.
APAC dominates the corrosion under insulation monitoring market.
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
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As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
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The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
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