|03-14-2019 10:12 PM CET - Business, Economy, Finances, Banking & Insurance||
Industrial Radiography Testing Market to Register an Impressive CAGR of 8.44% During 2019 – 2023 | Global Key Players - American Testing Services, Applied Technical Services, Comet Group, GE, Hamamatsu Photonics KK, Mistras Group, Nikon Meterology
Press release from: Market Prognosis
Marketprognosis.com Publish a New Market Research Report On “Global Industrial Radiography Testing Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.
Overview of the Global Industrial Radiography Testing Market:
The Global Industrial Radiography Testing Market was valued at USD 0.86 Billion in 2017 and is expected to reach a value of USD 1.39 Billion by 2023 at a CAGR of 8.44% over the forecast period of 2018 - 2023.
The radiography testing market report is segmented based on type and industry. The types include conventional radiography, computer aided radiography, digital radiography, and real-time radiography. The scope of the manufacturing industry includes electronics, semiconductors, and pulp & paper industries.
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This technology has been continuously adopted in manufacturing industries for testing equipment while adhering to industry regulations, promoting the growth of the market in the United States. An increase in end-user industry productivity across all the verticals is acting as a key driver in the industrial radiography market, reinforced by the growing investments in infrastructure development in the country. Increasing operational costs and a lack of qualified NDT technicians, especially in digital radiography, is leading to a demand for products that simplify the workflow and offer easy-to-use instruments, without compromising on the quality of inspection.
Stringent Government Regulations & Safety Standards; Several governmental agencies and regional bodies, like the American Society of Mechanical Engineers (ASME) and the International Organization for Standardization (ISO) across the globe have instituted stringent measures for assuring the safety of instruments and overseeing engineering services testing. Recent incidents such as the BP Macondo disaster (2010), the San Bruno pipeline explosion (2010), and the BP Texas City refinery explosion (2005), have further emphasized on the need for safety, environmental sustainability, and regulatory compliances.
Oil & Gas Industry to Hold the Largest Share; Radiographic testing in oil & gas industry includes detection of anomalies in components including tanks, pressure vessels, pipes and joints, and structures both civil and offshore, and systems including pressure equipment, actuators, rotating, and safety equipment. Radiography testing addresses the most common defects in the oil and gas industry. These defects can be categorized into seven basic porosity types, like slag inclusions, lack of fusion, lack of penetration, cracks, burn-through, and irregular shapes. The need for rapid screening methods, defect assessment, and reliable probability of detection (POD) with false alarms are the some of the gaps the testing industry is trying to bridge in the oil & gas sector.
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Major Key Players:
1 American Testing Services Ltd
2 Applied Technical Services
3 Comet Group Limited
4 GE Measurement & Control
5 Hamamatsu Photonics K.K
6 Intertek Group PLC
7 Mistras Group
8 Nikon Meterology
9 Rigaku Americas Corporation
10 Team Industrial Services and More…………………
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
3 Which are the leading market products, applications & regions and how will they perform by 2023?
4 What are the technologies & innovation trends, how will they evolve by 2023?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Industrial Radiography Testing Market.
Table of Contents:
2 Executive Summary
3 Industrial Radiography Testing Market Overview
4 Industrial Radiography Testing Market Dynamics
5 Industrial Radiography Testing Market Segmentation
6 Vendor Market Share
7 Company Profiles
8 Investment Analysis
9 Future of the Market
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