Non-Destructive Testing Equipment Market at a CAGR of 8.1% by 2024 With Key Players GE, Olympus Corporation, Fujifilm Holding Corporation, MISTRAS Group, Inc., Nikon, Ashtead Group Plc, Sonatest, Bosello High Technology, Magnaflux, Socomore

Data Bridge Market Research, with sharp focus on emerging regions, delivers key insights on the Global Non-Destructive Testing Equipment Market in its latest report titled, “Global Non-Destructive Testing Equipment Market Expected to Grow US$ 12,353.37 Million, at a CAGR of 8.1% Throughout 2017-2024”. According to the report, the 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.

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On the basis of Geography -

North America,

South America,

Europe,

Asia-Pacific,

Middle East and Africa

This report consists of below pages:

• No of pages: 328
• No of Figures: 48
• No of Tables: 171

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. On the other hand, lack of skilled equipment operators and high cost of NDT equipment slowing down acceptance may hinder the growth of the market.

Report Segmentation:

Based on equipment type:

• Ultrasonic Test Equipment
• Magnetic Particle Test Equipment
• Visual Inspection Equipment
• Radiography Test Equipment
• Penetrant Test Equipment
• Eddy Current Testing Equipment
• Acoustic Emission Testing Equipment
• Others

On the basis of mode of testing:

• Surface Testing
• Volumetric Testing
• Condition Monitoring
• Integrity Inspection

On the basis of application:

• Flaw Detection
• Leak Detection Dimensional Measurement
• Physical Analysis
• Chemical Analysis
• Plasma Emission Testing
• Corrosion Emission Testing
• Others

On the basis of industry:

• Automotive
• Oil and Gas
• Energy and Power
• Aerospace and Defence
• Others

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Some of the major players operating in this market are:-

• Olympus Corporation,
• MISTRAS Group, Inc,
• Pfinder KG,
• General Electric (GE MEASUREMENT AND CONTROL),
• Intertek Group plc,
• SGS SA,
• Nikon Metrology NV,
• Ashtead Technology,
• Sonatest,
• Bosello High Technology srl,
• FUJIFILM Holdings Corporation,
• YXLON International,
• Diodes Incorporated (Zetex),
• Magnaflux, and SOCOMORE,
• among others.

Key Drivers of Global Non-Destructive Testing Equipment Market:

Some of the major factors driving the market for non-destructive testing equipment market are remote visual inspection in aerospace increases demand, stringent safety guidelines and government protocols. These factors increase the demand for non-destructive testing equipment market. Automated NDT devices expected to see most demand and the power industry is boomed by continuous investment in nuclear plants are the other major factors driving the growth of the non-destructive testing equipment market.

o Lack of skilled equipment operators and high cost of NDT equipment slowing down acceptance are the factor which may hinder the growth of this market

o Many companies are increasingly focusing on variability in the prices of crude oil and natural gas in order to strengthen their product portfolios in the non-destructive testing equipment market.

o New power generation products and integration of robotic technology will drive the market in future.

Key Points of Global Non-Destructive Testing Equipment Market:

General Electric is going to dominate the non-destructive testing equipment market report following with Olympus Corporation and Fujifilm Holding Corporation along with others such as MISTRAS Group, Inc., PFINDERKG, Nikon Corporation, Ashtead Group plc., Sonatest, Bosello High Technology srl, Magnaflux, Socomore, Zetec, Inc. among others.

o Radiography test equipment market is growing with the highest CAGR

o Surface testing are driving the market with highest market share

o Ultrasonic test equipment are dominating the non-destructive testing equipment market

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This release was published on openPR.