Global Non-Destructive Testing Equipment Market accounted for US$ 8.45 billion in 2020 and is estimated to be US$ 15.21 billion by 2030 and is anticipated to register a CAGR of 6.10 Nondestructive testing equipment is used to analyses or examine assemblies, materials, or components for discontinuities in characteristics without compromising the system’s or part’s serviceability. Nondestructive testing equipment is frequently used to determine material physical qualities such as ultimate tensile strength, impact resistance, ductility, fatigue strength, and fracture toughness. Nondestructive testing is used to ensure the dependability and integrity of products and to control industrial processes.
Analyst View:
Over the forecast period, the market is expected to increase significantly due to increased urbanization in developing countries such as India and China, which necessitates large-scale construction and manufacturing projects. Because of the speed of such projects, the executors must create testing mechanisms to assure the quality of work. This tendency is projected to have a favorable impact on the expansion of non-destructive testing in these countries, increasing market penetration globally. Increasing oil and gas projects in the Middle East and North America are projected to use NDT techniques to complete the projects on schedule and with precision, increasing demand for NDT equipment in these regions.
Download free sample copy of this report @
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4866
Key Highlights of Non-Destructive Testing Equipment Market:
- ControleMesure Systemes opened its American Subsidiary, Control Mesure SystemesInc (CMS Inc), in Long Island City, New York, in December 2020. A local presence in the United States allows for greater reactivity and more effective connection with American customers. CMS, which already has a network of agents in more than 15 countries, is now striving to establish the American market in order to meet the high demand for NDT. Following the establishment of its presence in Mexico, CMS undertook market research in the United States and began developing a network of ties with local players.
- December 2020 – SAFCO, a renowned building testing and inspection services company based in Saudi Arabia, has agreed to be purchased by APPLUS+ laboratories for an initial consideration of USD 30 million.
Key Market Insights from the report:
Global Non-Destructive Testing Equipment Market accounted for US$ 8.45 billion in 2020 and is estimated to be US$ 15.21 billion by 2030 and is anticipated to register a CAGR of 6.10%. The Global Non-Destructive Testing Equipment Market report segments the market on the basis of solution, method, technology, end-user and region.
By Solution:
Instruments, Software and Testing Services
By Method:
Volumteric, Surface Examination and Others
By Technology:
Radiography Testing, Ultrasonic Testing, Magnetic Particle Testing and Liquid Penetrant Testing
By End-User:
Oil & Gas, Power & Energy, Aerospace & Defense and Automotive & Transportation
By Region:
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Non-Destructive Testing Equipment Market:
The key players operating in the Global Non-Destructive Testing Equipment Market includes General Electric (US), Olympus Corporation (Japan), MISTRAS Group (US), Nikon Metrology (Belgium), and Ashtead Technology (Scotland), YXLON International (Germany), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmbH (Germany), Acuren (US), and LynX Inspection (Canada).
Ask for discount@
https://www.prophecymarketinsights.com/market_insight/Insight/request-discount/4866
Global Non-Destructive Testing Equipment Market, By Solution:
- Instruments, Software
- Testing Services
Global Non-Destructive Testing Equipment Market, By Method:
- Volumteric
- Surface Examination
- Others
Global Non-Destructive Testing Equipment Market, By Technology:
- Radiography Testing
- Ultrasonic Testing
- Magnetic Particle Testing
- Liquid Penetrant Testing
Global Non-Destructive Testing Equipment Market, By End-User:
- Oil & Gas
- Power & Energy
- Aerospace & Defense
- Automotive & Transportation
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
- Detailed analysis of the market revenue over the forecasted period.
- Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Study on the segments that are anticipated to dominate the market.
- Study on the regional analysis that is expected to register the highest growth over the forecast period
Related Reports:
Global Automotive Garage Equipment Market, By Product Type (Lifting Equipment, Testing Equipment, Diagnostic Instruments, Wheel and Tire Service Equipment, Washing Equipment, and Others (Air Compressors, Battery Chargers, Safety Glasses, and Paint Guns)), By Vehicle Type (Two Wheelers, Passenger Cars, Heavy Commercial Vehicle, and Light Commercial Vehicle), By Garage Type (Automotive Dealerships, Independent Garage, and Others (Specialty Shops and Tire shops)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2029
https://www.prophecymarketinsights.com/market_insight/Global-Automotive-Garage-Equipment-Market-865
Pharmaceutical Packaging Equipment Market, By Product Type (Solids (Tablets, Capsules, and Powders), Semi Solids (Creams and Ointments), and Liquids (Eye Drops / Ear Drops, Aerosols, and Syrups)), By Package Type (Primary Packaging Equipment (Aseptic Filling and Sealing Equipment, Bottle Filling and Capping Equipment, Blister Packaging Equipment, Soft Tube Filling and Sealing Equipment, and Sachet Packaging Equipment) and Secondary Packaging Equipment (Cartoning Equipment, Case Packaging Equipment, and Wrapping Equipment)) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Trends, Analysis and Forecast till 2030
Market Purview
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Estimation
- Top-Down Approach
- Bottom-Up Approach
- Market Breakdown and Data Triangulation
- Research Assumptions
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
About Prophecy Market Insights
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
Media Contact
Company Name: Prophecy Market Insights
Contact Person: Sidhant
Email: Send Email
Phone: +1 8605312701
Address:964 E. Badillo Street #2042 Covina, CA 91724
City: Covina
State: California
Country: United States
Website: https://www.prophecymarketinsights.com/market_insight/Non-Destructive-Testing-Equipment-Market-4866