Press release
Non-Destructive Testing Equipment Market: Advanced technologies & growth opportunities in global Industry by 2021
The global non-destructive testing equipment market is segmented on the basis of technology, into ultrasonic testing, radiography testing, electromagnetic testing, visual testing and others (including magnetic particle testing and liquid penetrant testing). Ultrasonic testing led the global non-destructive testing equipment market in the year 2014. Key growth factors driving the ultrasonic testing market are its wide usage in steel and aluminum, construction, manufacturing, aerospace and defense and automotive sectors.
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By end use industry market is divided into following segments: power generation industry, oil & gas industry, aerospace and defense industry, automotive industry and others (including plastic and polymer, and medical). As of 2014, power generation sector was the largest contributor in the global non-destructive testing equipment market. The main factors driving this growth of the power generation industry are increasing number of nuclear power plants and the subsequent increasing demand for machines used in power generation plants.
By geography, as of 2014, North America dominated the global non-destructive testing equipment market, accounting for 35.77% of the overall market. Huge investments in energy verticals such as oil and gas are majorly driving the market growth in North America. At the same time, Europe held the second largest market share and the demand for non-destructive testing equipment market is expected to increase during the forecast period. The market for non-destructive testing equipment in Europe is primarily driven by increase in demand for modernization of oil & gas and power generation sectors. The automotive industry is likely to contribute a large share to market revenues in Europe. Asia Pacific is expected to be the fastest growing region through the forecast period.
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The report provides company market share analysis of various industry participants. The key players were also profiled on the basis of company details, product type, financial overview, historical roadmap, business strategies and the recent developments in the field of non-destructive testing equipment market. Major market participants in the non-destructive testing equipment market include Olympus Corporation (Japan), Zetec Inc. (U.S.), Eddyfi NDT Inc. (Canada), Sonatest Ltd. (U.K.) and GE Measurement & Control Solutions (U.S.) among others.
Global non-destructive testing equipment market: by Technology
Ultrasonic Testing (UT)
Radiography Testing (RT)
Electromagnetic Testing (ET)
Visual Testing (VT)
Other
Global non-destructive testing equipment market: by End Use Industry
Power Generation
Oil & Gas
Aerospace and Defense
Automotive
Others
Global non-destructive testing equipment market: by Geography
North America
U.S.
Rest of North America
Europe
United Kingdom
Germany
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Rest of the World (ROW)
South America
Middle East
Africa
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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