North American Electromagnetic NDT Equipment Market and Opportunity Analysis and Industry Forecast, 2017-2023
Rapidly growing automotive and aerospace sector in the North American region is a key factor driving the growth of the market. Various safety regulations by the government coupled with the development of new power generation projects in the U.S. are the key factors boosting the growth of the market in North America.
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Absence of required number of qualified technicians along with high costs these equipment have are key restraining factors that hinder the growth of the market. Continual technological advancements along with demand for third-party inspection service providers will offer ample growth opportunities to the North America electromagnetic NDT equipment market. Creating awareness about the effectiveness of new NDT inspection methods is a key market challenge faced by market players to grow in the market. Rapid industrial transformation is a burning issue that will impact the market dynamics of the North America electromagnetic NDT equipment market.
The report segments the North American electromagnetic NDT equipment market on the basis of methods, verticals and countries. On the basis of methods, the report is segmented into eddy-current NDT equipment, remote field testing equipment, magnetic flux leakage testing equipment, alternating current field measurement equipment. On the basis of verticals the market is segmented into oil & gas, power generation, aerospace, process industry, automotive, foundry and others. On the basis of country, the market is segmented into the U.S., Canada and Mexico.
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