Nondestructive Testing Market Worth $1720.96 Million by 2020
DALLAS, April 7, 2014
DALLAS, April 7, 2014 /PRNewswire/ --
According to a new report of"Nondestructive Testing Marketby Application
(Dimensional measurement, Flaw detection, Leak detection, Estimation of
physical properties, Chemical composition determination, stress and structure
analysis), Technology (Visual testing, Magnetic particle testing,
electromagnetic testing, Liquid penetrant testing, Radiography testing,
Ultrasonic testing, Thermography testing, acoustic emission testing), End user
(Aerospace and defense industry, Automotive industry, Oil & gas industry,
Infrastructure industry, Power generation), & Geography (North America, Latin
America, Europe, Asia-Pacific, Middle-East) - Forecast & Analysis
2014-2020"published by MarketsandMarkets, the market is estimated to grow at
a CAGR of 3.5% to reach $1720.96 Million by 2020.
Browse more than54 market data Tables with58 Figures spread through217
Pages and in-depth TOC on "Nondestructive Testing Market".
Early buyers will receive 10% customization on this report.
Nondestructive testing is testing of objects for their flaws and imperfections
in accordance with some standard norms. The stringent government safety
regulations in the aerospace and defense industry and commercial industry will
drive the growth of NDT market. Rapid infrastructural development in developed
as well as developing economies has fuelled in the growth of the NDT market.
The U.S. and Europe are the major revenue generating regions for NDT. Latin
America and Asia-Pacific are the emerging markets for NDT. Brazil, India, and
China are the countries, which have immense growth potential for NDT. APAC
will be the leading market for nondestructive testing, due to the high growth
in sectors like infrastructure, power generation, and aerospace in countries
like India and China.
This report provides the Nondestructive Testing Market segmentation on the
basis of application, technology, end user, and geography. The report explains
the drivers, restraints and challenges in the NDT market. The NDT market is
witnessing a spree of mergers, partnerships, and acquisitions among market
players, which has resulted in a wide range of challenges and opportunities.
It provides information on the regional, end user, technology, and
consolidation trends in the NDT market.
This report provides a complete analysis of the global NDT market for the next
six years. The report provides a complete revenue forecast and analysis for
North America, Latin America, Europe, Asia-Pacific, and Middle East. The
competitive landscape provides information about the major players in the NDT
market and their market share in the NDT market for 2013. The report also
provides overviews of the leading companies in the NDT market on the basis of
their financial position, markets, and key developments. The major companies
involved in global nondestructive testing industry are Mistras (U.S.), Olympus
Corporation (Japan), Intertek Plc. (U.K), SGS S.A (Switzerland), G.E.
Measurement and Control (Massachusetts).
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