Non-Destructive Testing Equipment Market Size, Growth, Key Company Analysis - Baker Hughes a GE company LLC, Olympus Corporation, YXLON International, MISTRAS Group, Inc. , Zetec Zetec,Inc., FOERSTER Holding GmbH, Nikon metrology NV

Global Non-Destructive Testing Equipment Market report offers one of the best solutions to know the trends and opportunities in the market. The Non-Destructive Testing Equipment Market research report contains lot of features to offer for Semiconductors and Electronics industry which includes general market conditions, trends, inclinations, key players, opportunities, and geographical analysis. This report offers broader perspective of the market place with its comprehensive market insights and analysis. What is more, Non-Destructive Testing Equipment Market report gives superior market perspective in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours.

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Analysis and estimation of important industry trends, market size, and market share are covered in the report. This market research report helps clients understand various drivers and restraints impacting the market during the forecast period. Non-Destructive Testing Equipment Market report comprises of data that can be pretty indispensable when it is about dominating the market or making a mark in the market as a latest emergent. Thus, the study of Non-Destructive Testing Equipment Market report helps businesses to define their own strategies about the development in the existing product, modifications to consider for the future product, sales, marketing, promotion and distribution of the product in the existing and the new market.

Market Analysis:

Global Non-Destructive Testing Equipment Market is valued at an estimated USD 7,901.95 million in 2018, and this value is projected to rise to USD 15,288.79 million by 2026, undergoing with a CAGR of 8.60% in the forecast period of 2019-2026. Most of the Non-Destructive Testing market is dependent on the Oil & Gas market and the Aerospace & Defence sector. The NDT market has been affected several times by the recent fluctuations in the crude Oil prices, which is rendering loss to most players in the market.

Key Market Competitors:

Few of the major competitors currently working in the Global Non-Destructive Testing Equipment are Baker Hughes a GE company LLC, Olympus Corporation, YXLON International, MISTRAS Group, Inc. , Zetec Zetec,Inc., FOERSTER Holding GmbH, Nikon metrology NV, SGS Group,SGS SA, Fujifilm Holdings Corporation, Bureau Veritas S.A., Acuren, NDT Global, Cygnus Instruments Inc., Magnaflux, Eddyfi, Bosello High Technology srl, T.D. Williamson, Inc., Sonaspection, LynX Inspection , 5 RESEARCH DRIVE, SHELTON, CT 06484, Fischer Technology, Inc.and others.

Key Developments in the Market:

• In January 2018, Avitas Systems, a GE Venture, collaborated with Limelight Networks, Inc. for using its private network and distributed cloud infrastructure. Avitas Systems Platform also utilizes GE’s containerized Predix Edge solution, allowing users to continue to benefit from the use and functionality of GE’s Predix application services suite.

• In May 2018, Olympus Corporation introduced IPLEX G Lite industrial videoscopea, useful to capture images inside aircraft engines, piping, and other equipment without the need for disassembly. The new videoscope will be exhibited at the Automotive Engineering Exposition.

Market Definition:

Non-Destructive Tests does not affect the future usefulness of the object being tested, hence its name –Non Destructive. NDT Market and inspection is an extremely valuable technique for timely evaluation and diagnosis of faults in products. It is also used for detecting faults and veracity in industrial assets and public infrastructures. NDT is also used to detect faults and structural integrity in industrial assets and public infrastructures.

Market Drivers:

• 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.
• The growing need for extending the life of obsolete infrastructure

Market Restraints:

• Lack of skilled equipment operators
• High cost of NDT Equipment

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Segmentation:

By Technique

• Ultrasonic Testing (UT)
• Visual Inspection Testing
• Magnetic Particle Testing (MPT)
• Liquid Penetrant Testing (LPT)
• Eddy Current Testing (ECT)
• Radiographic Testing (RT)
• Acoustic Emission Testing (AET)
• Others

By Methods

• Visual Inspection
• Surface Inspection
• Volumetric Inspection
• Others

By Service

• Inspection Services
• Equipment Rental Services
• Calibration Services
• Training Services

By Verticles

• Manufacturing
• Oil & Gas
• Energy & Power
• Aerospace & Defence
• Public Infrastructure
• Automotive & Transportation
• Power Generation
• Others

By Geography

• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa

Competitive Analysis:

Global Non-Destructive Testing Equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Non-Destructive Testing Equipment market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Insights in the report:

• Competitive analysis of key competitors involved in the market

• Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026

• Market drivers and restraints analysis along with the analysis of the market structure

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