Press release
Non-Destructive Testing Equipment Market Forecast 2024 Leading in Global Industry by Key Players GE, Olympus Corporation, MISTRAS Group, Inc., Nikon, Ashtead Group Plc, Sonatest, Bosello High Technology, Magnaflux, Socomore, Zetec
Non-Destructive Testing Equipment Market
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Major Players: Global Non-Destructive Testing Equipment Market
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.
The global non-destructive testing equipment market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. General Electric dominates non-destructive testing equipment market, accounting for the highest market share in 2016, followed by Olympus Corporation and Fujifilm Holding Corporation. Other players in this market include 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 holds 29.1% of the global non-destructive testing equipment market in 2016.
Market Segmentation:Global Non-Destructive Testing Equipment Market
The global non-destructive testing equipment market is segmented on the basis of equipment type, mode of testing, application, industry, and geography.
The global non-destructive testing equipment market is segmented into ultrasonic test equipment, magnetic particle test equipment, visual inspection equipment, radiography test equipment, penetrant test equipment, eddy current testing equipment, acoustic emission testing equipment and others.
Based on equipment type, the global non-destructive testing equipment market is segmented into ultrasonic test equipment, magnetic particle test equipment, visual inspection equipment, radiography test equipment, penetrant test equipment, eddy current testing equipment, acoustic emission testing equipment and others.
On the basis of mode of testing, the global non-destructive testing equipment market is segmented into surface testing, volumetric testing, condition monitoring and integrity inspection.
On the basis of application, the global non-destructive testing equipment market is classified into flaw detection, leak detection dimensional measurement, physical analysis, chemical analysis, plasma emission testing, corrosion emission testing and others.
On the basis of industry, the global non-destructive testing equipment market is classified into automotive, oil and gas, energy and power, aerospace and defence and others.
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Key Drivers: 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.
• 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
• 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.
• New power generation products and integration of robotic technology will drive the market in future.
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