Global Non-Destructive Testing Equipment Market Worth $2200 Million by 2018
DALLAS, January 28, 2013
DALLAS, January 28, 2013 /PRNewswire/ --
According to a new market research report, " Global Non-Destructive Testing
(NDT) Equipment Market-By Technology (Ultrasonic, Eddy Current,
Electromagnetic, Radiography, Thermography), Verticals (Manufacturing,
Petrochemical, Aerospace, Automotive, Power Generation) And Geography (2013
- 2018) " ,published by MarketsandMarkets ( http://www.marketsandmarkets.com
), the total market for non-destructive equipment is expected to reach $2200
million by 2018 at an estimated CAGR of 8.0% from 2013 to 2018.
Browse 127 market data tables with 32 figures spread through 257 pages and
in-depth TOC on Global Non-Destructive Testing (NDT) Equipment Market-By
Technology (Ultrasonic, Eddy Current, Electromagnetic, Radiography,
Thermography), Verticals (Manufacturing, Petrochemical, Aerospace, Automotive,
Power Generation) And Geography (2013 - 2018).
Early buyers will receive 10% customization on reports.
Non-destructive testing is a testing of objects for their flaws and
imperfections in accordance with some standard norms. The Non-destructive
testing equipment market is, at present, witnessing a spree of mergers,
partnerships, and acquisitions among market players, which is resulting in a
wide range of challenges and opportunities.
The global Non-Destructive Testing Equipment Market covers whole industry on
the basis of technology, verticals, application and geography. The technology
section covers different contact and non-contact technologies with their
current and future estimations. Phased array ultrasonic, X-ray computed
tomography and computed radiography technologies are expected to grow
exponentially in the days to come. The vertical section covers different
industries like power generation, petrochemical, oil & gas, aerospace and
automotive. The industries such as aerospace, power generation and oil & gas
are the major consumers of non-destructive testing equipments. The
Geographical analysis covers North America, Europe, Asia-Pacific, and ROW.
The major drivers for non-contact equipment market are strong government
regulations, user friendly software, continuous advancement in electronics,
automation and robotics and assured return on investment. There are some
restraints in the market such as high infrastructure cost and lack of product
knowledge to end users. The service industry and rapid growth of
infrastructure and automation are the key opportunities for the
non-destructive testing market.
The major companies involved in global non-destructive testing market are GE
Inspection technologies (U.S.), Olympus Corporation (Japan), YXLON
international (Germany), Mistras (U.S.), Zetec (U.S.), Dr. Foerster (Germany)
and Nikon metrology (U.S.).APAC will remain the leading market for
non-destructive testing equipments throughout the forecasted period due to the
high growth in sectors like infrastructure, power generation and aerospace
incountries like India and China.
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