Facto Market Insights has recently added a new study to its broad research portfolio, which is titled as Nondestructive Testing Equipment Market provides an in-depth analysis of the NDT equipment with the forecast of market size and growth. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in these regions.
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Nondestructive testing (NDT) is the application of measurement techniques to identify defect and discontinuity in material, component, or structure. Nondestructive testing market is expected to witness considerable growth due to continuous evolution in robotics, automation, oil & gas, and electronics industry coupled with growth in need for quality-assured machines.
North America is one of the major contributors to the global NDT equipment market. Improvements in the NDT process by means of new technologies have attracted key players of this equipment market from various regions. Construction and manufacturing activity in this region drive the growth of the non-destructive testing equipment market. The rapid growth of power generation, oil & gas, and aerospace & defense industries is one of the major factors that drives the growth of the market. Growth of the non-destructive equipment market in the U.S. is primarily attributed to the increase in demand for oil & gas and power generation industries with adoption of new technologies.
The market growth is supplemented by increase in stringent safety government regulations across different geographic regions due to rise in incidences of infrastructural failures, increase in need for extending the life of obsolete infrastructure, maintenance optimization by various industries for efficient operations, and quality/safety assurance. However, high cost of equipment and lack of skilled technicians are the factors projected to impede the market growth.
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Increase in usage of advanced materials is expected to provide lucrative opportunities for the market growth.
The NDT equipment market is segmented based on testing method, technique, industry vertical, and region. Based on testing method, it is divided into ultrasonic testing, radiography testing, visual inspection testing, magnetic particle testing & electromagnetic testing, eddy-current testing, liquid penetrant testing, and others. Based on nondestructive examination (NDE) techniques, it is categorized into volumetric examination, surface examination, and others. Based on industry vertical, the market is categorized into oil & gas, energy & power, aerospace & defense, automotive & transportation, infrastructure, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Olympus Corporation, Intertek Group PLC, SGS SA, Ashtead Technology Inc., General Electric, Sonatest Ltd., Zetec, Inc., Nikon Metrology Inc., Mistras Group Inc., and Carestream Health.
These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
Non-destructive Testing Equipment Market Segmentation:
By Testing Method
Visual Inspection Testing
Magnetic Particle Testing & Electromagnetic Testing
Liquid Penetrant Testing
By Industry Vertical
Oil & Gas
Energy & power
Aerospace & Defense
Automotive & transportation
Rest of Europe
Rest of Asia-Pacific
Key Market Players Profiled
Intertek Group PLC
Ashtead Technology Inc.
Nikon Metrology NV
Mistras Group Inc.
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