North America Non-Destructive Testing Equipment Market Overview by Technique, Method, Service, Vertical, Countries, Top Company Profiles and Trends to 2024

General Electric is going to dominate the non-destructive testing equipment market following with Olympus Corporation, Fujifilm Holding Corporation and Ashtead Group plc. along with others such as MISTRAS Group, Inc., PFINDERKG, Nikon Corporation, Sonatest, Bosello High Technology srl, Magnaflux, Socomore, Zetec, Inc. among others.

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Pune, India -- (SBWire) -- 05/18/2018 --North America 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 Countries By Countries (U.S., Canada, Mexico) and Forecast to 2024.

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North America Non-Destructive Testing Equipment is expected to reach USD 4,332.36 million by 2024 from USD 2,311.50 million in 2016, at a CAGR of 8.3% 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.

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 Segmentation:

The North America non-destructive testing equipment market is segmented on the basis of equipment type, mode of testing, application, industry, and geography. The North America non-destructive testing equipment market is segmented into 7 types: ultrasonic test equipment, magnetic particle test equipment, visual inspection equipment, radiography test equipment, penetrant test equipment, eddy current testing equipment, acoustic emission testing equipment and others. In 2017, the ultrasonic test equipment segment is expected to dominate the market with a share of 33.1 % and is expected to continue this trend till 2024.

Based on equipment type, the North America non-destructive testing equipment market is segmented into ultrasonic test equipment, magnetic particle test equipment, visual inspection equipment, radiography test equipment, penetrant test equipment, eddy current testing equipment, acoustic emission testing equipment and others.

On the basis of mode of testing, the North America non-destructive testing equipment market is segmented into surface testing, volumetric testing, condition monitoring and integrity inspection.

On the basis of application, the North America non-destructive testing equipment market is classified into flaw detection, leak detection dimensional measurement, physical analysis, chemical analysis, plasma emission testing, corrosion emission testing and others.

On the basis of industry, the North America non-destructive testing equipment market is classified into automotive, oil and gas, energy and power, aerospace and defence and others.

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Key Drivers:

Some of the major factors driving the 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. These factors increase the demand for North America non-destructive testing equipment.

Lack of skilled equipment operators and high cost of NDT equipment slowing down acceptance are the factors which may hinder the growth of this market.

Many companies are increasingly focusing on variability in the prices of crude oil and natural gas in order to strengthen their product portfolios in the non-destructive testing equipment market.

New power generation products and integration of robotic technology will drive the market in future.

Key Points:

Radiography test equipment market is growing with the highest CAGR

Surface testing are driving the market with highest market share

Ultrasonic test equipment is dominating non-destructive testing equipment market

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Related Report

Global Non-Destructive Testing Equipment Market – Industry Trends and Forecast to 2024

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

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