Press release
Nondestructive Testing Equipment Market to Reach USD 6.89 Bn by 2029, emerging at a CAGR of 8.89 percent and forecast 2023-2029
Nondestructive Testing Equipment Market
The market report delves into the global Nondestructive Testing Equipment landscape, assessing trends, drivers, restraints, and regional dynamics. The report aims to provide stakeholders with a comprehensive understanding of the industry, helping them make informed decisions.
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Nondestructive Testing Equipment Market Research Methodology:
The research methodology employed in the report involves a meticulous analysis of market data, including revenue impact of the COVID-19 pandemic on key market players. The report uses data-driven insights to present a clear picture of the market landscape.
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What are Nondestructive Testing Equipment Market Dynamics:
The U.S. government has made it compulsory for manufacturers of non-destructive testing equipment to regularly involve in inspection activities. The European Committee for Standardization (CEN) is the European organization for planning, drafting and adopting European Standards in all areas of economic activity, excluding electro-technology and telecommunication. Thus, the strict safety government regulations are impelling the global NDT equipment market growth.
Nondestructive Testing Equipment Market Regional Insights:
The global Nondestructive Testing Equipment Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America leads the pack, with the U.S. holding a significant share. Asia Pacific is expected to exhibit substantial growth, driven by increased investments in research and development.
The report also highlights a recent development in the market, where Nikon's X-ray and CT inspection systems are playing a crucial role in quality assurance for aircraft and vehicle parts.
What is Nondestructive Testing Equipment Market Segmentation:
by Testing Method
• Ultrasonic Testing
• Radiography Testing
• Visual Inspection Testing
• Magnetic Particle Testing & Electromagnetic Testing
• Eddy-Current Testing
• Liquid Penetrant Testing
• Others
by Technique
• Volumetric Examination
• Surface Examination
• Others
by Industry Vertical
• Oil & Gas
• Energy & power
• Aerospace & Defense
• Automotive & transportation
• Infrastructure
• Others
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Who are Nondestructive Testing Equipment Market Key Players:
• Olympus Corporation
• Intertek Group PLC
• SGS SA
• Ashtead Technology Inc.
• General Electric
• Sonatest Ltd
• Zetec, Inc.
• Nikon Metrology NV
• Mistras Group Inc.
• Carestream Health
• YXLON International
• T.D. Williamson Inc.
• Bosello High Technology Srl
• Eddyfi
• Magnaflux
• Fischer Technology Inc.
• Cygnus Instruments Ltd.
• NDT Global GmBH
• FOERSTER Holding GmbH
• Fujifilm Holdings Corporation`
• T.D. Williamson, Inc.
• Bureau Veritas S.A.
• Acuren
• LynX Inspection
Table of content for the Nondestructive Testing Equipment Market includes:
1. Nondestructive Testing Equipment Market: Research Methodology
1. Nondestructive Testing Equipment 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
3. Nondestructive Testing Equipment 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
1. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
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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 by
• 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
• Lucrative business opportunities with SWOT analysis
• Recommendations
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