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Non-Destructive Testing Market to Hit USD 24.70 Bn and Emergent at Growth Rate of 6.6 percent by 2029: Industry Analysis and Forecast (2022-2029)
Non-Destructive Testing Market
Non-Destructive Testing Market Report Scope and Research Methodology
The Non-Destructive Testing Market report provides a thorough analysis of segments and sub-segments in local, global and regional markets. The report focuses on how drivers, restraints, and macro variables affect local, global and regional Systems of Non-Destructive Testing markets. The report contains a comprehensive analysis of the global Non-Destructive Testing System market's trends, forecasts, and monetary values. The segment-wise analysis of the Non-Destructive Testing Market is divided into Offering, Test Method and Verticals. The Non-Destructive Testing market report includes aspects of the industry with key players such as market leaders, market followers and new entrants. The bottom-up approach was used in the report for the Non-Destructive Testing market estimation.
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The report provides a thorough analysis of the demand projections, market trends, and micro and macro factors Non-Destructive Testing market. The report covers the factors that are driving and restricting the Non-Destructive Testing market's growth. The report uses analytical methodologies such as Porter's five forces analysis and PESTLE of the Non-Destructive Testing Market to provide market insights. The report involves an analysis of current Non-Destructive Testing market trends as well as forecasts for the years.
Non-Destructive Testing Market Dynamics
The Non-Destructive Testing Market is driven by the growing adoption of Non-Destructive Testing in the aerospace industry, rise in the industrial activities among developed and developing countries and technological innovation in the Non-Destructive Testing processes. The growing awareness about the use of Non-Destructive Testing among manufacturers, implementation of stringent regulations regarding the safety of assets and increasing construction and power generation activities are the growth contributors for the market. Over the forecast period, the market growth is expected to be restrained by substantial investments in Non-Destructive Testing and inspection equipment.
Non-Destructive Testing Market Regional Insights
In 2021, North America dominated the Non-Destructive Testing Market with a market share of 34 percent. The regional market growth is driven by the increasing demand for advanced material testing, and advancements in Non-Destructive Testing technology. The United States and Canada are the major markets for regional market growth due to the increasing power generation from shale oil. Asia Pacific region is expected to grow at a CAGR of more than 8.0 percent. Increasing building, Manufacturing and power generation activities are the main drivers for the regional growth of the market.
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Non-Destructive Testing Market Segmentation
By Offering
Services
Equipment
By Test Method
Visual Testing
Magnetic Particle Testing
Liquid Penetrant Testing
Eddy Current Testing
Ultrasonic Testing
Radiographic Testing
By Verticals
Oil & Gas
Manufacturing
Aerospace and Defense
Construction
Automotive
Power Generation
Others
Non-Destructive Testing Market Key Players include:
Mistras Group Inc.
Olympus Corporation
GE Measurement & Control Solutions
Nikon Corporations
Ashtead Technology
Magnaflux Corporation
Zetec Inc.
Sonatest Ltd.
Sonotron NDT
Bosello High Technology SRL
Fischer Technology, Inc.
Eddyfi
JSR Ultrasonics
Source Production & Equipment Co., Inc.
Airstar Inc.
AMDATA Products (WesDyne)
Applus RTD
AT-Automation Technolo.
BALTEAU NDT
Canadian Institute for NDE
Controle Mesure Systemes
Cygnus Instruments Ltd.
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Table of for Global Non-Destructive Testing Market:
Global Non-Destructive Testing Market: Research Methodology
Global Non-Destructive Testing Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Non-Destructive Testing Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Non-Destructive Testing Market Segmentation
Global Market, by Offering (2021-2029)
Global Market, by Test Method (2021-2029)
Global Market, by Verticals (2021-2029)
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Regional Global Non-Destructive Testing Market(2021-2029)
Regional Market, by Offering (2021-2029)
Regional Market, by Test Method (2021-2029)
Regional Market, by Verticals (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis of the Offering, Test Method, Verticals and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
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