The Non-Destructive Testing And Inspection market study encompasses market drivers and restraints by using SWOT analysis, along with their impact on the demand over the forecast period. This report comprehensively analyzes the potential of the market in the present and the future prospects from various corners. The statistical and numerical data are represented in graphical format for a neat understanding of facts and figures. The Non-Destructive Testing And Inspection market research report is a resource, which provides current as well as upcoming technical and financial details of the industry to 2025. The scope of this Non-Destructive Testing And Inspection market report can be expanded from market scenarios to comparative pricing between major players.
Non-Destructive Testing And Inspection Market report comprises of top to bottom analysis and estimation of various market related factors of industry that are very essential for better decision making. This business report also offers a profound overview of product specification, technology, product type and production analysis by taking into account most important factors such as revenue, cost, and gross margin. By performing competitive analysis of the major players in the market, the report assists businesses take better moves for improving their product and sales. Non-Destructive Testing and Inspection Market research report surely offers a great inspiration to the clients to seek new business ventures and evolve better.
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Global non-destructive testing and inspection market is to register a substantial CAGR of 7.70% in the forecast period of 2019-2026. Non-destructive testing (NDT) methods are used primarily in engineering industries to assess the various properties of equipment, structures, materials, and components without causing damage. NDT and inspection is a highly useful method for timely product fault assessment and diagnosis.
The report has profiled some of the key players of the market such as
- MISTRAS Group, Inc.,
- Olympus Corporation,
- Ashtead Technology Ltd,
- Nikon Metrology NV,
- Magnaflux, Zetec, Inc.,
- Eddyfi, YXLON International,
Key Segmentation: Non-Destructive Testing And Inspection Market
By Technique (Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, Acoustic Emission Testing, Others),
Method (Visual Inspection, Surface Inspection, Volumetric Inspection, Other Methods),
Service (Inspection Services, Equipment Rental Services, Calibration Services, Training Services),
Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, Others),
Porter’s Analysis is another added point in the report which explains how the number of manufacturers affects the whole market scenario.
PESTLE Analysis includes a political, economic, social, technological, legal, and environmental analysis of all the regions. This analysis explains the effect of all these factors on the Non-Destructive Testing And Inspection market.
Pricing analysis is provided in the report, which is examined in accordance with different regions and product type segments. The values for all product type segments in all the regions including North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA) are provided.
To comprehend Non-Destructive Testing and Inspection market dynamics in the world mainly, the worldwide Non-Destructive Testing and Inspection market is analyzed across major global regions.
North America: United States, Canada, and Mexico.
South & Central America: Argentina, Chile, and Brazil.
Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
Europe: UK, France, Italy, Germany, Spain, and Russia.
Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Rapid Business Growth Factors
In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that’s helping the market grow faster than usual is the tough competition.
Major Industry Competitors: Non-Destructive Testing And Inspection Market GENERAL ELECTRIC, MISTRAS Group, Inc., Olympus Corporation, Ashtead Technology Ltd, Nikon Metrology NV, Magnaflux, Zetec, Inc., Eddyfi, YXLON International, Sonatest, Fischer Measurement Technologies India Private Limited, NDT Global, FTH, LLC., Bosello High Technology srl, Labquip NDT, FPrimeC Solutions Inc., LynX Inspection, Cygnus Instruments and Acuren among others.
What are the major market growth drivers?
- Continuous technological advancement in automation, robotics, and electronics is driving the growth of the market
- Surging preference of IoT devices is helping the market to grow
- Strict regulations of government regarding the safety of instruments are flourishing the market growth
- Surging awareness regarding benefits of NDT drives the growth of the market
Key Developments in the Market:
- In June 2019, Testia introduced updated version of NDT inspection device. This wireless device weighs only 2 kg and provides both capacities in one, enabling NDT inspectors to travel in one device with all their instruments.
- In June 2019, Oceaneering International, Inc. introduced digital asset inspection system. This technology will be accessible through the Asset Integrity Company of Oceaneering, which offers alternatives for integrity, maintenance, analytics, and risk management, standard and advanced non-destructive testing (NDT) and specialized inspection. This launch is an expansion of its product portfolio.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Global Non-Destructive Testing and Inspection Market Landscape
Part 05: Market Sizing
Part 06: Customer Landscape
Part 07: Non-Destructive Testing and Inspection Market Regional Landscape
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Non-Destructive Testing and Inspection Market Trends
Part 11: Vendor Landscape
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