The Global NDT Market is valued at USD 7.04 billion in 2016 and is expected to reach a value of USD 11.34 billion by the end of 2022, growing at a projected CAGR of 8.26% during the forecast period of 2017 ? 2022.
The NDT solutions are techniques used to test objects for flaws and inadequacies in the materials, components or system, without causing damages to it. In the recent years, governments across the globe are focusing on the safety issues and needs, to prevent accidents in the region.
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Market Dynamics
Aging infrastructure, ?in developed countries like ?the US, the United Kingdom, Germany and France is increasingly in need of maintenance. ?Growing complexity of machines and structures and increasing demand from the power & energy and oil & gas industries are some of the factors driving the growth of the market.
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The rapid development in infrastructure and power generation in emerging economies such as India, China and Brazil are driving the demand for the market. An increasing number of infrastructure projects and government safety regulations, combined with the environmental mandates due to increasing pollution levels, have made NDT mandatory in the emerging countries.
Market Segmentation
The market for non-destructive testing solutions has been segmented by type (equipment and service), technique (volumetric examination, surface examination, condition monitoring, integrity examination, and others), technology (radiography testing, ultrasonic testing, magnetic particle testing and electromagnetic testing, liquid penetrant testing, visual inspection, acoustic emission testing, thermography testing, eddy current, and others) and industry (oil & gas, power & energy, construction, petrochemicals, automotive, aerospace & defense, and others).
Growing number of infrastructure projects in Asia-Pacific and South America have provided impetus to NDT services and equipment market in the region. Increasing government safety regulations in this region, combined with the environmental mandates on account of increasing pollution levels has made NDT Services mandatory in these emerging countries. Hence, these ?regions are expected to witness the highest growth in the global market and are anticipated to grow at a CAGR 9.8% over the forecast period.
Some of the vendors mentioned in the report include
- Bosello High Technology
- FLIR Systems
- GE Measurement & Control
- Magnaflux
- NDT Systems, Inc.
Key Deliverables in the Study
- Market analysis for the global non-destructive testing market with region-specific assessments and competition analysis on global and regional scales.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their market shares.
- Identification and analysis of the macro and micro factors that affect the non-destructive testing market on both global and regional scales.
Get More Information In-Depth With TOC Of This Report –
Table of Contents
- Introduction
1.1 Research Methodology
1.2 Key Findings of the Study
- Executive Summary
- Market Overview
3.1 Overview
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat From New Entrants
3.2.4 Threat From Substitute Product Types
3.2.5 Competitive Rivalry Within the Industry
3.3 Industry Policies
- Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Ageing Infrastructure and increasing Need for Maintenance
4.2.2 Increasing Complexity of Machines and Structures
4.2.3 Government Safety Regulations
4.2.4 Increasing Demand in Power & Energy and Oil & Gas Industry
4.3 Restraints
- Market Analysis and Forecast (2016 - 2021)
5.1 Global Non-Destructive Testing Market - Segmented By Type
5.1.1 Equipment
5.1.2 Service
5.2 Global Non-Destructive Testing Market - Segmented By Technique
5.2.1 Volumetric Examination
5.2.2 Surface Examination
5.2.3 Condition Monitoring
5.2.4 Integrity Examination
5.2.5 Others
5.3 Global Non-Destructive Testing Market - Segmented By Technology
- Vendor Market Share Analysis
- Competitive Intelligence - Company Profiles
7.1 Bosello High Technology
7.2 Mistras Group, Inc.
7.3 FLIR Systems
7.4 Fujifilm Corporation
To Be Continued.....@ https://goo.gl/AZU33E
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