Global Non-Destructive Testing Equipment Market will to reach USD 12,353.37 million by 2024

Non-Destructive Testing Equipment Market Summary

Global Non-Destructive Testing Equipment Market is expected to reach USD 12,353.37 million by 2024 from USD 6,700.00 million in 2016, at a CAGR of 8.1% in the forecast period 2017 to 2024.

The major factors driving the growth of this market are remote visual inspection in aerospace increases demand, stringent safety guidelines and government protocols, automated NDT devices expected to see most demand and the power industry is boomed by continuous investment in nuclear plants.

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Global Non-Destructive Testing Equipment Market Size, Share, Growth, Trends, Regional Outlook, and Forecasts, 2018 - 2025’ to its vast database of research reports. This intelligence study focuses on the current market trends and development patterns, in order to assist the new entrants in discovering market opportunities and develop effective ways to expand their presence in the global market.

This research report provides an in-depth analysis of the market size, share, growth rate, drivers, restraints, challenges, threats, and growth opportunities in existing and potential markets.

The report has been collated as a result of the qualitative and quantitative research, first-hand information, and inputs from industry professionals and industry participants across the value chain. The study also provides a detailed assessment of the current market trends, micro- and macroeconomic indicators and governing factors, as well as the market attractiveness, as per the segments and sub-segments. The report also focuses on the qualitative impact of the different Non-Destructive Testing Equipment market factors on market segments and geographies.

Top Market Players:
• General Electric
• Olympus Corporation
• Fujifilm Holding Corporation
• MISTRAS Group, Inc.,
• PFINDERKG,
• Nikon Corporation,
• Ashtead Group plc.,
• Sonatest,
• Bosello High Technology srl,
• Magnaflux,
• Socomore, Zetec, Inc.

The market is further segmented into:
• Type
• Application
• End User
• Geography

The global non-destructive testing equipment market is segmented on the basis of equipment type, mode of testing, application, industry, and geography. The global non-destructive testing equipment market is segmented into ultrasonic test equipment, magnetic particle test equipment, visual inspection equipment, radiography test equipment, penetrant test equipment, eddy current testing equipment, acoustic emission testing equipment and others.
Based on equipment type, the global non-destructive testing equipment market is segmented into ultrasonic test equipment, magnetic particle test equipment, visual inspection equipment, radiography test equipment, penetrant test equipment, eddy current testing equipment, acoustic emission testing equipment and others.

Based on mode of testing, the global non-destructive testing equipment market is segmented into surface testing, volumetric testing, and condition monitoring and integrity inspection.

Based on application, the global non-destructive testing equipment market is classified into flaw detection, leak detection dimensional measurement, physical analysis, chemical analysis, plasma emission testing, corrosion emission testing and others.

Based on industry, the global non-destructive testing equipment market is classified into automotive, oil and gas, energy and power, aerospace and defense and others.

Based on geography, the Non-Destructive Testing Equipment market is segmented into 11 geographical regions, such as,
• North America,
• South America,
• Europe,
• Asia-Pacific,
• MEA

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Covered in this report
The report covers the present scenario and the growth prospects of the Non-Destructive Testing Equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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In the last section of the report, the global Non-Destructive Testing Equipment market additionally provides a detailed survey of the key competitors and the leading players in the market, based on the various objectives of an organization such as overview, profiling, product portfolio, the quantity of production, upstream raw material, downstream demand analysis, and the financial status of the organization. These key players have adopted the regional expansion, mergers & acquisitions, product portfolio expansion, partnerships, and collaborations as their key strategies to enhance their infiltration in the Global Non-Destructive Testing Equipment Market.

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