General Electric and Olympus Corporation are Dominating the Market for Global Non-Destructive Testing Equipment Market in 2016

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. Surface testing market with highest market share  has the largest market segment in non-destructive testing equipment market.

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The global non-destructive testing equipment market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. General Electric dominates non-destructive testing equipment market, accounting for the highest market share in 2016, followed by Olympus Corporation and Fujifilm Holding Corporation. Other players in this market include MISTRAS Group, Inc, Pfinder KG, General Electric (GE MEASUREMENT AND CONTROL), Intertek Group plc, SGS SA, Nikon Metrology NV, Ashtead Technology, Sonatest, Bosello High Technology srl, FUJIFILM Holdings Corporation, YXLON International, Diodes Incorporated (Zetex), Magnaflux, and SOCOMORE, among others holds 29.1% of the global non-destructive testing equipment market in 2016.

General Electric:

Founded in 2004 and headquartered Little Chalfont, United Kingdom. GE healthcare provides transformational medical technologies and services. GE operates through seven business segments power, renewable energy, oil & gas, aviation, healthcare, transportation, and energy connections & lighting. The GE Digital Solutions offers the non-destructive testing equipment through its inspection & non-destructive testing and aerospace non-destructive testing (NDT) and inspection solutions product categories.

Olympus Corporation:

Founded in 1919 and headquartered in Tokyo, Japan. Olympus Corporation manufactures and distributes precision machineries and instruments. The company operates in medical, scientific solutions, imaging, and others business segments. The NDT products are used for the detection of the flaws in the instruments without any damage.

Fujifilm Holding Corporation:

Founded in 1934 and headquartered in Tokyo, Japan. Fujifilm Holding Corporation are pioneering photographic film maker, known for innovation in healthcare, graphic arts, optical devices, highly functional materials and other high-tech areas. The company operates in imaging solution, information solutions and document solutions business segments. The industrial segment provides the non-destructive testing systems in the regions such as North America, Europe and Asia-Pacific through it’s widely spread distributors.

Recent Developments:

  1. In January, 2014, Fujifilm’s Non-Destructive Testing System added line-up of quality chemistry solutions for stationary and mobile film processing in conventional industrial radiography applications with the ChemPact powdered chemistries