Industrial Radiography Testing Market Emerging Trends and Dynamics by 2023 | American Testing Services, Ltd, Applied Technical Services, COMET Technologies USA, Inc., GE Measurement & Control, Hamamatsu Photonics K.K, Intertek Group PLC

The Industrial Radiography Testing Market 2020-2023 research provides strategically important competitor information, analysis, and insights to formulate effective RandD strategies. The report also reviews key companies involved in Industrial Radiography Testing and enlists all their major and minor projects have further emphasized on the need for safety, environmental sustainability, and regulatory compliances.

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The global radiography testing market was valued at USD 0.86 billion in 2019 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.

Top Manufacturers Listed in the Industrial Radiography Testing Market Report are:
o American Testing Services Ltd
o Applied Technical Services
o Comet Group Limited
o GE Measurement & Control
o Hamamatsu Photonics K.K
o Intertek Group PLC
o Mistras Group
o Nikon Meterology
o Rigaku Americas Corporation
o Team Industrial Services
o Teledyne Dalsa
o Inc.
o Yxlon International Gmbh

Detailed Overview about Industrial Radiography Testing Market:
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. Aging infrastructure coupled with asset protection is growing as an essential aspect of maintenance planning, quality control, and anticipation of catastrophic failure in oil & gas refineries. The growth in the near future is anticipated from on-stream inspections and monitoring of facilities in the oil & gas pipeline transmission lines. Companies, such as the Mistras Group and Team, Inc., are in the best position to take advantage of technological advances and product improvement in the radiography space due to the huge potential of leveraging their intellectual property and reputation.

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.

Key Developments in the Market
o October 2019: The Comet Group opened its first technology and application center, Lab One in San José, California. With the establishment of this plant, customers can now have direct access to all three of the group's core technologies.

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Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states Industrial Radiography Testing market trend, import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions, and other regions can be added. Industrial Radiography Testing market forecast For the period of 2020-2023, this study provides the Industrial Radiography Testing sales, revenue and market share for each player covered in this report.

Reasons to Purchase the Industrial Radiography Testing Market Report:

- The report analyses how the shift towards safety will drive the global Industrial Radiography Testing market.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Industrial Radiography Testing Market growth during the forecast period.
- Identify the latest developments,Industrial Radiography Testing market shares and strategies employed by the major market players.
- Analyzing what will be the Industrial Radiography Testing Market size.

Major Points from Table of Contents:
1. Introduction

1.1 Study Deliverables

1.2 Market Definition

1.3 Key Findings of the Study

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1 Overview

4.2 Drivers

4.2.1 Advent of Portable Radiography Equipment

4.2.2 Diversification in the Range of Applications

4.2.3 Stringent Regulations and Safety Standards

4.3 Restraints

4.3.1 Requirement of Highly Skilled Personnel

4.4 Industry Value Chain Analysis

4.5 Porter's Five Forces Analysis

4.5.1 Bargaining Power of Suppliers

4.5.2 Bargaining Power of Buyers

4.5.3 Threat of Substitute Products and Services

4.5.4 Threat of New Entrants

4.5.5 Competitive Rivalry

4.6 PESTLE Analysis

5. Technology Snapshot

6. Market Segmentation

6.1 By Type

6.1.1 Conventional Radiography

6.1.2 Computer Aided Radiography

6.1.3 Digital Radiography

6.1.4 Real-Time Radiography

6.2 By Industry

6.2.1 Aerospace & Defense

6.2.2 Energy & Power

6.2.3 Construction

6.2.4 Oil & Gas

6.2.5 Chemicals & Pharmaceuticals

6.2.6 Automotive

6.2.7 Manufacturing

6.2.8 Others

6.3 By Geography

6.3.1 North America

6.3.2 Asia-Pacific

6.3.3 Europe

6.3.4 Latin America

6.3.5 Middle East & Africa

7. Competitive Intelligence - Company Profiles

7.1 American Testing Services Ltd

7.2 Applied Technical Services

7.3 Comet Group Limited

7.4 GE Measurement & Control

7.5 Hamamatsu Photonics K.K

7.6 Intertek Group PLC

7.7 Mistras Group

7.8 Nikon Meterology

7.9 Rigaku Americas Corporation

7.10 Team Industrial Services

7.11 Teledyne Dalsa, Inc.

7.12 Yxlon International Gmbh

*List not Exhaustive

8. Investment Analysis

9. Future of the Market

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