Press release
Non-Destructive Testing Market valued at USD 15.78 billion in 2022, expected to grow at a CAGR of 6.6 Parcentage
Non-Destructive Testing Market
Report Scope: The Non-Destructive Testing (NDT) Market offers insights into the global NDT industry, its applications, and market dynamics. The report delves into the market's drivers, restraints, and regional impacts, providing a comprehensive analysis of this vital sector.
Research Methodology: The report utilizes robust research methodology, employing data analysis, industry expertise, and comprehensive market study techniques to present a clear and concise overview of the NDT market.
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What are Non-Destructive Testing Market Dynamics:
The market is expected to be driven by an increase in industrial activities among developing and developed countries. In addition, technological improvements have led to the development of improved non-destructive testing (NDT) procedures that improve fault detection and safety. Furthermore, as manufacturers become more aware of the benefits of NDT procedures, NDT penetration is expected to increase in the coming years. Due to defect detection at complex locations and irregular surfaces, projects utilizing non-destructive testing procedures take less time to complete.
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Non-Destructive Testing Market Regional Insights:
North America: The largest market share (34%) in 2022, attributed to widespread NDT use and a well-trained workforce. Shale oil power generation in the United States and Canada boosts regional growth.
Asia Pacific: Expected to grow at a CAGR of over 8.0% due to increased manufacturing, construction, and power generation. Skilled labor shortages are anticipated to improve with growing awareness of NDT.
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What is 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
Who are Non-Destructive Testing Market Key Players:
1. Mistras Group Inc.
2. Olympus Corporation
3. GE Measurement & Control Solutions
4. Nikon Corporations
5. Ashtead Technology
6. Magnaflux Corporation
7. Zetec Inc.
8. Sonatest Ltd.
9. Sonotron NDT
10. Bosello High Technology SRL
11. Fischer Technology, Inc.
12. Eddyfi
13. JSR Ultrasonics
14. Source Production & Equipment Co., Inc.
15. Airstar Inc.
16. AMDATA Products (WesDyne)
17. Applus RTD
18. AT-Automation Technolo.
19. BALTEAU NDT
20. Canadian Institute for NDE
21. Controle Mesure Systemes
22. Cygnus Instruments Ltd.
Table of content for the Non-Destructive Testing Market includes:
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
3.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
4 . Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
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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