Global Industrial Radiography Equipment Market, By Type (Film-Based Radiography, Digital Radiography), Component (Hardware, Software), Radiation Type (X-Rays, Gamma Rays), End-User (Petrochemical and Gas, Power Generation, Manufacturing, Aerospace, Automotive and Transportation, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Industrial Radiography Equipment Market
Data Bridge Market Research analyses the industrial radiography equipment market will exhibit a CAGR of 15.10% for the forecast period of 2022-2029.
Industrial radiography is a non-destructive materials testing method that has played a vital role in the astonishing advances in scientific technology and industry that have occurred in recent years. The most extensively used nondestructive method for testing in industries is the radiation penetration technique, which has the advantages of high versatility, ability, and dependability in providing a permanent information record. In order to analyse interior faults in items, industrial radiation is often performed utilising two different types of radiation, namely Gamma ray sources and X-ray sources. These types of radiation are commonly used to examine pipes and pressure vessels in chemical facilities, as well as aircraft and vehicles, as well as gas and oil pipelines. Manufacturers utilize industrial radiography to inspect surfaces and find flaws or cracks in their equipment.
The integrating capability of 2D and 3D in single system is a key element driving market expansion. The industrial radiography equipment market is also being driven by factors such as technical innovations and maintenance of industrial equipment. Furthermore, the advent of new type of materials and surging usage of product in petrochemicals, buildings and chemical industries will enhance the growth rate of industrial radiography equipment market. Also, potential use of radiography in additive manufacturing will act as a major factor influencing the growth of industrial radiography equipment market. Another significant factor that will cushion the industrial radiography equipment market’s growth rate is the rising awareness about the benefits associated with industrial radiography equipment better image quality, increased output, faster scanning and multiple storage options over analog radiography systems.
Moreover, the increase in the adoption of industrial radiography technique in aerospace and automotive industry and growing demand for portable radiography equipment will create beneficial opportunities for the growth of the market.
However, high deployment cost imposed on industrial radiography will hamper the market’s growth rate. Also, the dearth of highly skilled professionals will further pose a challenge to the growth of industrial radiography equipment market. Also, potential risk linked with the utilization of radiations will act as market restrain and further impede the growth rate of industrial radiography equipment market.
This industrial radiography 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 industrial radiography 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.
Global Industrial Radiography Equipment Market Scope and Market Size
The industrial radiography equipment market is segmented on the basis of type, component, radiation type, and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Based on type, industrial radiography equipment market is segmented into film-based and digital radiography. Digital radiography segment is further sub-segmented into computed tomography, computed radiography and direct radiography.
- Based on component, industrial radiography equipment market is segmented into hardware, and software.
- Based on radiation type, industrial radiography equipment market is segmented into x-rays and gamma rays.
- Based on end-user, industrial radiography equipment market is segmented into petrochemical and gas, power generation, manufacturing, aerospace, automotive and transportation and others. Petrochemical and gas segment is further sub-segmented into liquefaction of natural gas, refining, transmission pipeline, subsea pipeline and storage tanks. Power Generation segment is further sub-segmented into nuclear power, wind power, solar power and fossil fuel. Manufacturing segment is further sub-segmented into mining industry, metal industry, foundry, shipbuilding and pipe and tube manufacturing. Aerospace segment is further sub-segmented into engine part production, composite airframe manufacturing, material and component analysis and maintenance. Automotive and transportation segment is further sub-segmented into wheel and axle manufacturing, metal casting and critical components manufacturing.
Industrial Radiography Equipment Market Country Level Analysis
The industrial radiography equipment market is analysed and market size, volume information is provided by country, type, component, radiation type and end-user as referenced above.
The countries covered in the industrial radiography equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial radiography equipment market and will continue to flourish its trend of dominance due to the rising level of investment in oil and gas upstream sector in countries such as China, India and Pakistan.
The country section of the industrial radiography 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 Global Industrial Radiography Equipment Market Share Analysis
The industrial radiography 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 industrial radiography equipment market.
Some of the major players operating in the industrial radiography equipment market are Teledyne Technologies Incorporated., FUJIFILM Holdings Corporation, General Electric, Comet Group, Nikon Corporation, Shimadzu Corporation, METTLER TOLEDO, 3DX-RAY, Anritsu, Carl Zeiss AG, VJ Group, Inc., Nordson Corporation, Measurement Control, Smiths Group plc., C.E.I.A. S.p.A., Ixar, X-Ray Associates, LLC, North Star Imaging Inc., PerkinElmer Inc., Blue Star Limited, and Illinois Tool Works Inc., among others.