Pune, India -- (SBWire) -- 07/31/2018 --The major factors driving the growth of this market are remote visual inspection in aerospace increases demand, stringent safety guidelines and government protocols, automated NDT devices expected to see most demand and the power industry is boomed by continuous investment in nuclear plants. On the other hand, lack of skilled equipment operators and high cost of NDT equipment slowing down acceptance may hinder the growth of the market.
Market Overview:
Global Non-Destructive Testing Equipment Market is expected to reach USD 12,353.37 million by 2024 from USD 6,700.00 million in 2016, at a CAGR of 8.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Non-Destructive Testing Equipment Market By Technique (Ultrasonic Testing (UT), Visual Testing, Magnetic Particle Testing (MPT), Liquid Penetrant Testing (LPT), Eddy Current Testing (ECT), Radiographic Testing (RT), Acoustic Emission Testing (AET)); By Method (Visual Inspection, Surface Inspection, Volumetric Inspection) By Service (Inspection Services, Equipment Rental Services, Calibration Services, Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace & Defense, Public Infrastructure, Automotive, Power Generation), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2024
Top Key Players analyzed in Global Non-Destructive Testing Equipment Market are -
General Electric is going to dominate the non-destructive testing equipment market following with Olympus Corporation and Fujifilm Holding Corporation along with others such as MISTRAS Group, Inc., PFINDERKG, Nikon Corporation, Ashtead Group plc., Sonatest, Bosello High Technology srl, Magnaflux, Socomore, Zetec, Inc. among others.
Regional Analysis:
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
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Report Segmentation:
Based on equipment type:
- Ultrasonic Test Equipment
- Magnetic Particle Test Equipment
- Visual Inspection Equipment
- Radiography Test Equipment
- Penetrant Test Equipment
- Eddy Current Testing Equipment
- Acoustic Emission Testing Equipment
- Others
On the basis of mode of testing:
- Surface Testing
- Volumetric Testing
- Condition Monitoring
- Integrity Inspection
On the basis of application:
- Flaw Detection
- Leak Detection Dimensional Measurement
- Physical Analysis
- Chemical Analysis
- Plasma Emission Testing
- Corrosion Emission Testing
- Others
On the basis of industry:
- Automotive
- Oil and Gas
- Energy and Power
- Aerospace And Defence
- Others
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Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Non-Destructive Testing Equipment Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Global Non-Destructive Testing Equipment Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Non-Destructive Testing Equipment Market Development Status and Growth Analysis of Nikon Corporation, Ashtead Group Plc., Sonatest, General Electric, Olympus Corporation
Databridgemarketresearch.com released a new research report of 328 pages on titled “Global Non-Destructive Testing Equipment Market Research Report 2018-2024 by Players, Regions, Size, Share and Applications” with detailed analysis, forecast and strategies.