europe video inspection equipment Market

The video inspection equipment marketin Europeis expected to grow from US$ 396.6million in 2019 to US$ 592.3million by 2027; it is estimated to grow at a CAGR of 5.3% from 2020 to 2027.

The rising demand for housing in the Europe region is one of the key drivers responsible for the growth of the construction sector. Countries such as Germany and the UK are experiencing high growth in their construction sector; this growth has enabled wastewater treatment facilities in Europe.. The installation of wastewater treatment facilities requires the set-up of drain and sewer systems. Most sewer lines are scrutinized by using several video inspection equipment, such as mobile inspection systems and video inspection cameras.Therefore, for overall monitoring of the drainage and sewer systems, video inspection equipment plays a crucial role, which leads to the growing demand for equipment in Europe.

In terms of application, the drain & sewersegment led the video inspection equipment marketin 2019.The drain and sewer is among the prominent application of video inspection equipment. The video inspection in drain and sewers helps in finding the accurate place of the clog in industries/homes, limiting the amount of digging, understanding costly sewer issues before purchasing any property, and prior making an investment in a new rug or flooring in a basement. Thus, rising demand for the video inspection equipment is propelling the growth of the market.

The overall Europe video inspection equipment marketsize has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe video inspection equipment marketwith respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe video inspection equipment marketare Envirosight LLC, CUES, Inc., IBAK Helmut Hunger GmbH & Co. KG, Vivax-Metrotech Corporation, and TechCorr are among a few players operating in the Europe video inspection equipment market.