Non-Destructive Testing Equipment Market Size, Share, Trends, Growth, Forecast | Valuates Reports

Global Non-Destructive Testing Equipment market size will increase to 2580 Million US$ by 2025, from 1720 Million US$ in 2018, at a CAGR of 5.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Non-Destructive Testing Equipment.

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Non-destructive testing equipment is a wide group of equipment used in science and industry to evaluate the properties of a material, component or system without causing damage. Common NDT methods include ultrasonic, magnetic-particle, liquid penetrant, radiographic, remote visual inspection, eddy-current testing, and low coherence interferometry.

Non-Destructive Testing Equipment is a huge market, and the total sum of the industry is more than 1.8 Billion US dollars in 2014. Moreover, this industry continuously increases, with the development of global economy. The United States is the largest market of Non-Destructive Testing Equipment, which occupies average 31.42 percent of global Non-Destructive Testing Equipment procedures per year. It is followed by Europe and China, which respectively have around 50 percent of the global total industry. Other main regions which take important part in this industry include Japan and some Industrial countries. According to the research, the most potential market in the main countries of Non-Destructive Testing Equipment industry is China, determined by its rapid growth of economy. Besides, Southeast Asia, Japan and India should also be focused by the investors. They are the potential consumers of Non-Destructive Testing Equipment. India is also a rapidly developing economy. The market of the Non-Destructive

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Testing Equipment is growing fast due to people’s more concentration on safety. Although the market scale is still limited at present, but the potential is considerable. The Non-Destructive Testing Equipment market is consolidated in nature. Various players are adopting competitive strategies such as collaborations, acquisitions and capitalizing untapped opportunities in the emerging economies of India and China, to sustain and gain market penetrartion across the globe. Some key players of this market include GE Measurement & Control, Olympus Corporation, Magnaflux, YXLON, Nikon Metrology NV, Zetec, Mistras, karl deutsch, Proceq, Sonatest, Union, Dndt, Huari, Aolong, Zhongke Innovation, Quanrui, Hongxu, Siui, IDEA, Runqi.

This report researches the worldwide Non-Destructive Testing Equipment market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Non-Destructive Testing Equipment breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Non-Destructive Testing Equipment Production Breakdown Data by Region

• United States
• Europe
• China
• Japan
• Other Regions

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The following manufacturers are covered in this report:

• GE Measurement & Control
• Olympus Corporation
• Magnaflux
• YXLON
• Nikon Metrology NV
• Zetec
• Mistras
• karl deutsch
• Proceq
• Sonatest
• Union
• Dndt
• Huari
• Aolong
• Zhongke Innovation
• Quanrui
• Hongxu
• Siui
• IDEA
• Runqi

Non-Destructive Testing Equipment Breakdown Data by Type

• X-Ray
• ultrasonic
• magnetic particle
• Penetrant flaw detection
• eddy current test
• other

Non-Destructive Testing Equipment Breakdown Data by Application

• Electricity
• Oil and gas
• Automotive
• Aerospace
• Other

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This release was published on openPR.