Dallas, TX -- (SBWire) -- 04/02/2014 --Sandlerresearch.org adds Global Non-destructive Testing Equipment Market 2014-2018 new industry report in its store.Miniaturized testing equipment is flexible and easy to use. As there is rapid growth in various industrial segments, the need for small size devices is increasing, giving rise to the development of miniaturized testing equipment. For instance, the equipment used to test automotive components and other minute components needs to be very small in size. Thus, the vendors are reducing the size of their NDT equipment to cater to this emerging demand.

According to the report, the Global NDT Equipment market is driven by several growth factors, and one such factor is the increasing demand from the APAC region. The region is experiencing a huge demand for NDT equipment because of increased adoption across various industries such as Power Generation and Oil and Gas.

Covered in this Report

The Global NDT Equipment market can be divided into three segments: Ultrasonic Testing Equipment, Radiography Testing Equipment, and Visual Testing Equipment.

Global NDT Equipment Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, the APAC region, and the ROW; it also covers the Global NDT Equipment market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key Regions
- North America
- Europe
- APAC
- ROW

Key Vendors
- GE Inspection Technologies GmbH
- Magnaflux Corp.
- Olympus NDT Inc.
- YXLON International Inc.
- Other Prominent Vendors
- Institut Dr. Foerster
- Mistras Group Inc.
- Nikon Metrology NV
- Zetec Inc.

Key Market Driver
- Increase in Demand from the APAC Region
- For a full, detailed list, view our report.

Key Market Challenge
- Need to manufacture Customised NDT Equipment
- For a full, detailed list, view our report.

Key Market Trend
- Miniaturization of Test and Measurement Equipment

Further, the report states that the need to manufacture customized NDT equipment is one of the major challenges in the Global NDT Equipment market. As the market is maturing, the usage of testing equipment for a wide variety of applications is increasing, but the end-users' requirements are making the design and development of such equipment more complex.

The report recognizes the following companies as the key players in Global Non-destructive Testing Equipment Market: GE Inspection Technologies GmbH, Magnaflux Corp., Olympus NDT Inc., YXLON International Inc., Institut Dr. Foerster, Mistras Group Inc., Nikon Metrology NV, Zetec Inc.

Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?