USD 20368.1 Million Opportunity by 2023 in the Non-Destructive Testing (NDT) Market: Global Key Players - MISTRAS Group, SGS Group, Fujifilm, Olympus, Bureau Veritas SA, GE, Nikon Metrology, Intertek Group

Marketprognosis.com Publish a New Market Research Report On “Global Non-Destructive Testing (NDT) Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Non-Destructive Testing (NDT) Market:

The Global Non-Destructive Testing (NDT) Market was valued at USD 13766.4 Million in 2017 and is expected to reach a value of USD 20368.1 Million by 2023, at a CAGR of 6.71% during the forecast period (2018 - 2023).

The NDT solutions are techniques used to test objects for flaws and inadequacies in the materials, components or system, without causing damages to it. In the recent years, governments across the globe are focusing on the safety issues and needs, to prevent accidents. NDT assures the reliability by evading the jeopardy of over-sightedness and is expected to aid in elevating the efficiency of the manufacturing establishments. Major applications of the market are found in oil & gas, aerospace and defense, and power generation sectors.

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Gaining Momentum in Upstream Oil & Gas Sector to Increase Demand for NDT; Since the drop in oil prices in early 2014, from USD 100 per barrel to USD 50 per barrel, the upstream sector of oil & gas industry suffered from the lack of investments to carry out exploration and production activities. However, in 2016, there was a modest increase in the up-stream activities lead by North America and the Middle East regions. Although most of the oil-producing countries in the Middle East are constrained by the norms of Oil Producing and Exporting Countries (OPEC), there has been a considerable up-stream activity in the region.

Rising Construction Activity in the UK to Increase Demand in Europe; Post-Brexit, the growth prospects for the construction industry in the UK have been declining, as the nation left the European Union. The growth for 2018 is expected to increase by 0.7%, which has been slowest in the past six years. However, for now, the output is expected to rise by 1.6% in 2017, due to a steep rise from new construction contracts and activity in the GBP 6.9 billion public housing repair, and maintenance that is required after Grenfell Tower fire incident. The private non-residential Repair & Maintenance sector experienced a growth of around 3%, while the public non-residential Repair & Maintenance sector kept on declining.

A complete analysis of the competitive landscape of the Global Non-Destructive Testing (NDT) Market is provided in the report. This section includes company profiles of market key players. The profiles include contact information, gross, capacity, product details of each firm, price, and cost. This report investigates new project feasibility with a purpose of enlightening new entrants about the possibilities in this market. In this report, thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the Non-Destructive Testing (NDT) Market players.

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Major Key Players:

1 MISTRAS Group

2 SGS Group

3 Fujifilm Corporation

4 Olympus Corporation

5 Bureau Veritas S.A.

6 GE Measurement and Control

7 Nikon Metrology Inc.

8 Intertek Group Plc

9 Applus Services, S.A.

10 Acuren Inspection, Inc. and More…………….

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This study answers to the below key questions:

1 What are the key market trends?

2 What will the market size be in 2023 and what will the growth rate be?

3 What are the strengths and weaknesses of the key vendors?

4 Who are the key vendors in this market space?

5 What is driving this market?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the challenges to market growth?

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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