Non-Destructive Testing Equipment Market is forecasted to grow at 8.60% for 2019-2026 with factors such as high dependency on the oil and gas market and aerospace and defense sector is propelling the growth of the market in emerging economies.
Non-destructive testing equipment market has shown an exceptional penetration in developed economies of North America. Increasing demand in the oi and gas sector and power generation project of shale gas will boost the market growth.
Non-Destructive Testing Equipment Market Scenario
According to Data Bridge Market Research the non-destructive testing equipment is growing due to stringent regulation of the government regarding the safety of the people while maintaining the quality of the product, rise in the technological advancement in electronics, automation and robotics, increasing usage of internet of things devices, and improvement in assessing the health of aging assets are some of the factors that will enhance the growth of the non-destructive testing equipment market.
Now the question is which are the other regions intuitive is targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific non-destructive testing equipment market and the market leaders targeting India and China to be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the non-destructive testing equipment market.
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New Non-Destructive Testing Equipment Market Developments in 2019
- In July 2019, Sintavia, LLC., acquired QC Laboratories, Inc., a nondestructive testing equipment service provider. It will enhance the company’s NDT capabilities. They are specializing in radiographic, ultrasonic and magnetic particle inspections while they serve many industrial heavyweights such as General Electric, Pratt & Whitney and Rolls Royce as Sintavia Company. They develop surface finish inspection metrics that is useful for additive manufacturing industry.
- In January 2019, dolphitech announced the launch of DolphiCam2, nondestructive testing and inspection system. It features wide frequency range forrobotics integration, general network connectivity and remote expert inspection.
Scope of the Non-Destructive Testing Equipment Market
Non-destructive testing equipment market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, Taiwan, Indonesia, Philippines, Rest of Asia-Pacific (APAC) as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel, Rest of middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
All country based analysis of the non-destructive testing equipment market is further analyzed based on maximum granularity into further segmentation. On the basis of technique the market is segmented into ultrasonic testing (UT), visual inspection testing, magnetic particle testing (MPT), liquid penetrant testing (LPT), eddy current testing (ECT), radiographic testing (RT), acoustic emission testing (AET) and others. Based on method, the market is segmented into visual inspection, surface inspection, volumetric inspection and others. Based on services, the market is segmented into inspection services, equipment rental services, calibration services, training services. The vertical covered for the report are manufacturing, oil & gas, energy & power, aerospace & defense, public infrastructure, automotive & transportation, power generation, others.
Non-destructive testing is an application that helps in inspecting, testing and evaluating material components to maintain the standard set by the quality management authorities while improving the process and reduce waste. It is used to detect faults and veracity in industrial asset and public infrastructure.
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Key Pointers Covered in the Non-Destructive Testing Equipment Market Industry Trends and Forecast to 2026
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the report
- Baker Hughes a GE company LLC
- OLYMPUS CORPORATION
- YXLON International
- MISTRAS Group, Inc.
- Zetec, Inc.
- FOERSTER Holding GmbH
- Nikon Metrology NV
- SGS SA
- FUJIFILM Holdings Corporation
- Bureau Veritas
- Acuren
- NDT Global
- Cygnus Instruments
- Magnaflux
- Eddyfi
- Bosello High Technology srl
- T.D. Williamson, Inc.
- Sonaspection
- LynX Inspection
- Hotel Shelton
- Fischer Technology Inc.
Above are the key players covered in the report to know about more and exhaustive list of Non-Destructive Testing Equipment companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-non-destructive-testing-equipment-market
Research Methodology: Global Non-Destructive Testing Equipment Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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