Non-Destructive Testing Equipment Market is expected to more than 6.55 billion by 2026 with General Electric, Mistras Group, Olympus Corporation, SGS SA , Intertek Group, Sonatest, Zetec

Global Non Destructive Testing Equipment Market is accounted for $3.50 billion in 2017 and is expected to reach $6.55 billion by 2026 growing at a CAGR of 7.1% from 2017 to 2026. Some of the key factors propelling the market growth are stringent safety regulations formulated by governments, growing need to develop quality machines and rising number of nuclear power plants. However, lack of experienced technicians and high cost of equipments are hindering the market growth.

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Non-destructive testing equipment is used for estimation and inspection of different properties of materials, mechanism and assemblies. The non-destructive testing is used to certify product consistency and integrity to control manufacturing processes. Non-destructive testing equipment maintains an identical quality level and lowers the cost of production.

Top Players:
Some of the key players in the Non destructive testing equipment Market are General Electric, Mistras Group, Inc, Fujifilm Corporation, Olympus Corporation, SGS SA , Intertek Group Plc, Sonatest, Zetec, Inc, YXLON International Gmbh, Magnaflux Corporation, TEAM Inc, Applus Services, S.A., Acuren Inspection, Inc., TÜV Rheinland AG, Bureau Veritas S.A., Nikon Metrology Inc. and Ashtead Technology, Inc.

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Market Segments:
By Technology, radiography testing is expected to have a significant growth in the market during the forecast period. The growth is due to demand from different industries such as power & energy and oil & gas, increase in complexity of different machines and rise in occurrences of infrastructure failure such as power plant leakages. Based on geography, Asia Pacific is projected to be an emerging market owing to rapid growth in infrastructure and power generation in countries such as China, India, and Japan.

Technologies Covered:
• Liquid Penetrant Testing
• Eddy-Current Testing
• Magnetic Particle Testing & Electromagnetic Testing
• Radiography Testing
• Ultrasonic Testing
• Visual Inspection Testing
• Other Technologies

Applications Covered:
• Leak Detection
• Dimensional Measurement
• Radiography
• Flaw Detection
• Structural Mechanics
• Chemical Composition Determination
• Estimation of Physical Properties
• Weld Verification

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This release was published on openPR.