Non-Destructive Testing Services Market 2018 Global Leaders: MISTRAS Group, Olympus, GE Inspection Technologies, Intertek Group, Nikon Metrology, Ashtead Technology, Sonatest

Market Research Future published a research report on “Non-Destructive Testing Services Market Research Report- Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Overview:

Non-destructive testing services market is estimated to exhibit high growth potential during the forecast period owing to the high demand across industry verticals. Rising demand among the end-use industries for non-destructive testing services drives the growth of the market. Additionally, innovation and advancement in technology and increasing market for non-destructive testing services is adding fuel to the growth of the non-destructive testing services market.

MISTRAS Group, Inc., Olympus Corporation, GE Inspection Technologies, Intertek Group PLC, SGS S.A., Olympus Corporation, and Nikon Metrology are some of the leading players in the market. MITRAS Group offers advanced NDT services, traditional NDT services, engineering services and NDT centres of excellence for all consumer demands related to non-destructive testing services. The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements. Rise in demand to ensure safety and growing government regulations are some of the major factors driving the growth of non-destructive testing services market. With the focus on promoting the adoption of non-destructive testing services and the convenience provided to consumers, the global non-destructive testing services market is expected to grow.

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According to Market Research Future Analysis, the global non-destructive testing services market is estimated to generate revenue of approximately USD 26 billion by 2023 growing at a CAGR of 8% during the forecast period 2017-2023.

Key Players:

Some of the prominent players in the global non-destructive testing services market are MISTRAS Group, Inc. (U.S.), Olympus Corporation (Japan), GE Inspection Technologies (U.S.), Intertek Group PLC (U.K.), SGS S.A. (Switzerland), Nikon Metrology, Inc. (U.S.), Ashtead Technology, Inc. (U.S.), Sonatest Ltd. (U.K), Bosello High Technology S.R.L. (Italy), and Fujifilm Holdings Corporation (Japan) others.

Segments:

The global non-destructive testing services market is segmented by type, technique, application and vertical. By product, the market is segmented into traditional non-destructive testing services and advanced non-destructive testing services. By type, the market is segmented into ultrasonic testing services, radiography testing services, liquid penetrant testing services, magnetic particle testing services, eddy-current testing services, and visual inspection services. By application, the market is segmented into flaw detection, leak detection, dimensional measurement, estimation of physical properties, chemical composition determination, and stress & structure analysis. Whereas, based on vertical, the market is segmented into aerospace & defense, automotive, oil & gas, infrastructure, and power.

Regional Analysis

The global non-destructive testing services market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America is estimated to account for the largest market share, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of North America market is attributed to technological advancements and the increased adoption of non-destructive testing service applications across industry verticals.

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Intended Audience

• Technology Investors
• Research/Consultancy firms
• Government Bodies
• Service Providers
• Information Technology (IT) developers
• Consulting service providers
• Technology Providers
• System integrators

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This release was published on openPR.