Press release
Eddy Current NDT Equipment Market 2026 | Ibg NDT System Corporation Criterion NDT, Inc. IMG ULTRASUONI Srl Rohmann GmbH Fischer Technology Inc.
The worldwide market for eddy current NDT equipment is projected to be estimated at US$ 324.6 Million during 2018 and is estimated to account for an evaluation of US$ 538 Million during 2026 end, reflecting a 6.7% CAGR for the period of assessment 2026.
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Market Segmentation
• On the basis of the equipment type, the global market includes offline, inline, full-body and rotational. The inline testing equipment is anticipated to account for a market estimation of US$ 16.6 Million towards 2026 end.
• On the basis of the technology, the worldwide market includes array scanning, single frequency, pulsed eddy current and multi-frequency. The array scanning category is expected to grow at a remarkable CAGR and is likely to be an emergent technology on account of its less inspection time.
• On the basis of the application, the global market is categorized into testing & inspection(includes hardness testing, weld inspection, conductivity testing, bolt hole & tubing inspection and surface inspection), detection(includes flaw & crack and corrosion) and measurement( includes metal thickness and non-conductive coating thickness). The measurement category was estimated at US$ 54.9 Million through 2017 end.
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• On the basis of the end use industry, the global market includes power generation, transportation(includes marine, automotive and aerospace), heavy engineering equipment and oil & gas. The transportation segment will be accounting for 65.3% of the overall market share in value terms by 2018 end.
• On the basis of the region, the global market includes North America, Europe, Latin America, China, South East Asia Pacific, Middle East & Africa and Japan. North America regional market was estimated at US$ 123.2 Million during 2017 and is anticipated to reflect a 6.5% CAGR over the assessment period.
Key Market Players
The key market players functioning in the global market include
• Magnetic Analysis Corporation
• General Electric
• ETher NDE
• Olympus Corporation
• UniWest
• Ashtead Technology
• Zetec, Inc.
• Thermo Fisher Scientific Inc.
• Eddyfi
• Ibg NDT System Corporation
• Criterion NDT, Inc.
• IMG ULTRASUONI Srl
• Rohmann GmbH
• Fischer Technology Inc.
• Foerster Holding GmbH
• Others
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