North America Non-Destructive Testing Equipment Market, By Technique (Ultrasonic Testing, Visual Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy Current Testing, Radiographic Testing, Acoustic Emission Testing), Method (Visual Inspection, Surface Inspection, Volumetric Inspection), Service (Inspection Services, Equipment Rental Services, Calibration Services, Training Services), Vertical (Manufacturing, Oil & Gas, Aerospace & Defence, Public Infrastructure, Automotive, Power Generation), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2027
Market Analysis and Insights: North America Non-Destructive Testing Equipment Market
North America non-destructive testing equipment market is expected by 2027 witnessing market growth at a rate of 6.5% in the forecast period of 2020 to 2027. Data Bridge Market Research report on North America non-destructive testing equipment market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Non-destructive testing equipment market can be defined as application of measurement ways to check fault in material or in other words companies need to check quality for passing quality control assurance certifications, therefore demand from companies for quality checking is increasing for cost effective and reducing wastage in process which will propel demand for market.
Application in various sectors and need for optimization in maintenance activities by different industries for assurance of safety and effective performance of machines are driving factor for market growth whereas rising mandatory regulation by government for quality assurance and increasing incidence of industrial infrastructure failure will boost demand for market in coming years whereas advancement in technology and innovation of new products will create lucrative opportunities for market. However, high cost of non destructive testing devices and lack of skilled professionals are restraining factors for market.
This North America 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, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research North America non-destructive testing equipment market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Non-Destructive Testing Equipment Market Scope and Market Size
North America non-destructive testing equipment market is segmented on the basis of technique, method, services, and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- North America non-destructive testing equipment market on the basis of technique has been segmented as ultrasonic testing, visual testing, magnetic particle testing, liquid penetrant testing, eddy current testing, radiographic testing, and acoustic emission testing.
- Based on method, North America non-destructive testing equipment market has been segmented into visual inspection, surface inspection, and volumetric inspection.
- On the basis of services, market has been segmented into inspection services, equipment rental services, calibration services, and training services.
- On the basis of vertical, market has been segmented into manufacturing, oil & gas, aerospace & defence, public infrastructure, automotive, and power generation.
North America Non-Destructive Testing Equipment Market Country Level Analysis
North America non-destructive testing equipment market is analysed and market size, volume information is provided by country, technique, method, services, and vertical as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America.
United States will dominate the North America non-destructive testing equipment market owing to extensive adoption of non destructive testing equipment among various sectors whereas availability of non destructive testing equipment training institutes and high pace of growth in construction and manufacturing sector will boost region market growth.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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
North America 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, regional presence, 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 North America non-destructive testing equipment market.
The major players covered in the North America non-destructive testing equipment market report are GENERAL ELECTRIC COMPANY, Fujilim Corporation, Ashtead Group plc, MISTRAS Group plc, Nikon Corporation, Sonatest, Bosello High Technology srl, SOCOMORE, Zetex, Inc., and Magnaflux among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and 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 production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis 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 (Fact book) or can assist you in creating presentations from the data sets available in the report.