Non-Destructive Testing Equipment Market worth $2200 Million - 2018
Non-Destructive Testing Equipment Market is expected to reach $2200 million by 2018 at an estimated CAGR of 8.0% from 2013 to 2018.
Browse 127 market data tables with 32 figures spread through 257 pages and in-depth TOC on Global Non-Destructive Testing (NDT) Equipment Market-By Technology (Ultrasonic, Eddy Current, Electromagnetic, Radiography, Thermography)
Early buyers will receive 10% customization on reports.
Non-destructive testing is a testing of objects for their flaws and imperfections in accordance with some standard norms. The Non-destructive testing equipment market is, at present, witnessing a spree of mergers, partnerships, and acquisitions among market players, which is resulting in a wide range of challenges and opportunities.
The global non-destructive testing equipment market covers whole industry on the basis of technology, verticals, application and geography. The technology section covers different contact and non-contact technologies with their current and future estimations. Phased array ultrasonic, X-ray computed tomography and computed radiography technologies are expected to grow exponentially in the days to come. The vertical section covers different industries like power generation, petrochemical, oil & gas, aerospace and automotive. The industries such as aerospace, power generation and oil & gas are the major consumers of non-destructive testing equipments. The Geographical analysis covers North America, Europe, Asia-Pacific, and ROW.
The major drivers for non-contact equipment market are strong government regulations, user friendly software, continuous advancement in electronics, automation and robotics and assured return on investment. There are some restraints in the market such as high infrastructure cost and lack of product knowledge to end users. The service industry and rapid growth of infrastructure and automation are the key opportunities for the non-destructive testing market.
The major companies involved in global non-destructive testing equipment industry are GE Inspection technologies (U.S.), Olympus Corporation (Japan), YXLON international (Germany), Mistras (U.S.), Zetec (U.S.), Dr. Foerster (Germany) and Nikon metrology (U.S.).APAC will remain the leading market for non-destructive testing equipmentsthroughout the forecasted period due to the high growth in sectors like infrastructure, power generation and aerospace incountries like India and China.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com
North - Dominion Plaza,
Suite 800, Dallas, TX 75252