Asia-Pacific Non-Destructive Testing Equipment Market, By Technique (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), Others), Method (Visual Inspection, Surface Inspection, Volumetric Inspection, Others), Service (Inspection Services, Equipment Rental Services, Calibration Services, Training Services), Vertical (Manufacturing, Oil & Gas, Energy & Power, Aerospace & Defence, Public Infrastructure, Automotive & Transportation, Power Generation, Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific) Industry Trends and Forecast to 2027
Non-destructive testing equipment market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 4,504.60 million by 2027 growing at a CAGR of 6.03% in the above-mentioned forecast period. The remote visual inspection in aerospace increases demand will help in driving the growth of the non-destructive testing equipment market.
Growing safety concerns for quality control, reliable and safety performance of machine, advancement in electronics, robotics, and automation and development of user-friendly software will likely to accelerate the growth of the non-destructive testing equipment market in the forecast period of 2020-2027. On the other hand, development of automatic and laser based testing equipment will further boost various opportunities that will lead to the growth of the non-destructive testing equipment market in the above mentioned forecast period.
Lack of skilled equipment operators and high cost of equipment will likely to hamper the growth of the non-destructive testing equipment market in the above mentioned forecast period. The training offered in outdated equipment is going to be a challenge for the market.
This non-destructive testing equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on non-destructive testing equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Non-Destructive Testing Equipment Market Scope and Market Size
Non-destructive testing equipment market is segmented on the basis of technique, method, service and vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on technique, the non-destructive testing equipment 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.
- On the basis of method, the non-destructive testing equipment market is segmented into visual inspection, surface inspection, volumetric inspection and others.
- Based on service, the non-destructive testing equipment market is segmented into inspection services, equipment rental services, calibration services and training services.
- Non-destructive testing equipment market has also been segmented based on the vertical into manufacturing, oil & gas, energy & power, aerospace & defence, public infrastructure, automotive & transportation, power generation and others.
Non-Destructive Testing Equipment Market Country Level Analysis
Non-destructive testing equipment market is analysed and market size insights and trends are provided by country, technique, method, service and vertical as referenced above.
The countries covered in the non-destructive testing equipment market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to China which is a largest producer of electricity in this region along with largest consumer and importer of oil and gas, cleaner sources which is going to drive the market in this region.
The country section of the non-destructive testing equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Non-Destructive Testing Equipment Market Share Analysis
Non-destructive testing equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to non-destructive testing equipment market.
The major players covered in the non-destructive testing equipment market report are Olympus Corporation, GENERAL ELECTRIC, FUJIFILM Holdings Corporation, MISTRAS Group, Inc., PFINDERKG, Nikon Corporation, Ashtead Group plc., Sonatest, Bosello High Technology srl, Magnaflux, Socomore, Zetec, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Asia-Pacific Non-Destructive Testing Equipment Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.