Non-destructive testing equipment market is segmented on the basis of technology, end-use industry and region & country level. On the basis of technology, it is divided into ultrasonic testing, magnetic particle testing, radiography testing, electromagnetic testing, visual testing and others. By end-use industry, the non-destructive testing equipment market is classified into oil & gas, power generation, automotive, aerospace and defense, manufacturing and others.
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Non-Destructive Testing Equipment Market is Valued at USD 2.48 Billion in 2018 and Expected to Reach USD 4.07 Billion by 2025 with a CAGR of 7.3% Over the Forecast Period.
Market Analysis of Non-Destructive Testing Equipment-
Non-destructive testing (NDT) is analysis technique used by engineers to detect defects in materials and structures, either during manufacturing or while in service without harming the object. Non-destructive testing (NDT) is done by several methods like visual inspection, ultrasonic, dye penetrant, acoustic emission, electromagnetic, radiography and magnetic particle. For non-destructive testing of materials and structures testing equipment are needed. Non-destructive testing equipment are made up for quality control of materials and structures, while they are used to detect the defects caused by stress, wear, fatigue, corrosion and other factors, which are used in manufacturing, fabrication and service industries.
The regions covered in this Non-Destructive Testing Equipment Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of non-destructive testing equipment market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players–
Global Non-Destructive Testing Equipment Market report covers prominent players like
- Mistras Group,
- SGS Group,
- Olympus Corporation,
- Bureau Veritas S.A.,
- GE Inspection Technologies,
- YXLON International,
- Nikon Metrology,
- Eddyfi, Sonatest Ltd.,
- Magnaflux Corporation,
- Zetec Inc.
Stringent Government Regulations Regarding the Safety and Industries Standard are the key Growth Factors Driving the Global Non-Destructive Testing Equipment Market.
Industries are focusing on improvement of quality of product and non defective products and for that non destructive testing are required and foster the market growth. Non-destructive testing equipment are also help to reduce maintenance and repair costs of equipment for the long which is also supplementing the market growth. In addition, technological advancement in robotics, electronics and automation & development of user-friendly software has made this equipment more attractive. However, the lack of skilled work force for non destructive test may hamper the growth of NDT testing equipment market. In house training of freshers is not effective as much as on field training. Moreover, increasing number of training institutes and certification boards in the developing countries are expected to reduce lack of skilled work forcein the near forecast period. Technological development of laser and automatic based testing equipment are also expected to create new growth opportunities for non-destructive testing equipment market in the forecast period.
North America is Expected to Dominate the Global Non-Destructive Testing Equipment Market
North America is expected to capture the largest market share of global non-destructive testing equipment market within the forecast period. Increasing investments in the oil and gas sector is anticipated to encourage the growth of the North America market within the forecast period. Europe is expected to gain second largest share of global non-destructive testing equipment market due to industries standards and regulations regarding the safety and quality of product are increasing in this region. Increasing modernization of power generation, oil and gas sectors and automotive industry in the European region are further expected to accelerate the growth of non destructive equipment market throughout the forecast period.
Key Benefits for Market Report-
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Market Segmentation:–
By Technology:
- Ultrasonic Testing
- Magnetic Particle Testing
- Radiography Testing
- Electromagnetic Testing
- Visual Testing
- Others
By End-Use Industry:
- Oil & Gas
- Power Generation
- Automotive
- Aerospace and Defense
- Manufacturing
- Others
By Regional & Country Analysis:
- North America
- US.
- Canada
- Europe
- UK.
- France
- Germany
- Italy
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Table of Content
- Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP's of Report
1.8. Report Description
- Chapter -Non-destructive testing equipment Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Non-destructive testing equipment Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Non-destructive testing equipment Market: Trends
2.8. Porter's Five Forces Analysis
2.9. Market Attractiveness Analysis
- Chapter –Non-destructive testing equipment Market Overview: Quantitative Analysis
- Chapter -Non-destructive testing equipment Market Analysis: Segmentation By Type
- Chapter -Non-destructive testing equipment Market Analysis: Segmentation By Application
Continued....
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The Global Non-Destructive Testing Equipment Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.Browse the complete Global Non-Destructive Testing Equipment Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/6908-non-destructive-testing-equipment-market-reportThe report also covers the complete competitive landscape of the global Non-Destructive Testing Equipment market with company profiles of key players such as:Eddyfi NDT Inc.GE Measurement & Control SolutionsMagnaflux CorporationMistras Group Inc.Nikon Metrology NVOlympus CorporationSonatest Ltd.YXLON International GmbHZetec Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Technology:Visual TestingUltrasonic TestingRadiographic TestingElectromagnetic TestingOthersBy End User:Oil & GasAerospace and DefenseAutomotivePower GenerationOthersBy Geography:North AmericaEuropeAsia PacificRest of the WorldDownload Free Sample Report of Global Non-Destructive Testing Equipment Market @ https://www.decisiondatabases.com/contact/download-sample-6908The Global Non-Destructive Testing Equipment Market has been exhibited in detail in the following chapters –Chapter 1 Non-Destructive Testing Equipment Market PrefaceChapter 2 Executive SummaryChapter 3 Non-Destructive Testing Equipment Industry AnalysisChapter 4 Non-Destructive Testing Equipment Market Value Chain AnalysisChapter 5 Non-Destructive Testing Equipment Market Analysis By TechnologyChapter 6 Non-Destructive Testing Equipment Market Analysis By End UserChapter 7 Non-Destructive Testing Equipment Market Analysis By GeographyChapter 8 Competitive Landscape Of Non-Destructive Testing Equipment CompaniesChapter 9 Company Profiles Of Non-Destructive Testing Equipment IndustryPurchase the complete Global Non-Destructive Testing Equipment Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-6908Other Reports by DecisionDatabases.com:Global Environmental Testing Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Sterility Testing Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Rubber Testing Equipment Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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