Non-Destructive Testing Equipment Market Forecast $2200 Million - 2018

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MarketsandMarkets Presents
Non-Destructive Testing Equipment Market worth
2200 Million - 2018
http//www.marketsandmarkets.com/Market-Reports/no
n-destructive-testing-ndt-equipment-services-marke
t-882.html
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According to a new market research report,
"Global Non-Destructive Testing Equipment Market
- By Technology (Ultrasonic, Eddy Current,
Electromagnetic, Radiography, Thermography),
Verticals (Manufacturing, Petrochemical,
Aerospace, Automotive, Power Generation) And
Geography (2013 2018)" ,published by
MarketsandMarkets (www.marketsandmarkets.com),
the total market for non-destructive equipment is
expected to reach 2200 million by 2018 at an
estimated CAGR of 8.0 from 2013 to 2018. Browse
gtgt 127 market data tables
32 figures
257 slides and in-depth TOC on Non-Destructive
Testing Equipment Market http//www.marketsand
markets.com/Market-Reports/non-destructive-testing
-ndt-equipment-services-market-882.html Early
buyers will receive 10 customization of reports.
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Non-destructive testing is a testing of objects
for their flaws and imperfections in accordance
with some standard norms. The Non-destructive
testing equipment market is, at present,
witnessing a spree of mergers, partnerships, and
acquisitions among market players, which is
resulting in a wide range of challenges and
opportunities. The global non-destructive
testing equipment market covers whole industry on
the basis of technology, verticals, application
and geography. The technology section covers
different contact and non-contact technologies
with their current and future estimations. Phased
array ultrasonic, X-ray computed tomography and
computed radiography technologies are expected to
grow exponentially in the days to come. The
vertical section covers different industries like
power generation, petrochemical, oil gas,
aerospace and automotive. The industries such as
aerospace, power generation and oil gas are the
major consumers of non-destructive testing
equipments. The Geographical analysis covers
North America, Europe, Asia-Pacific, and ROW.
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The major drivers for non-contact equipment
market are strong government regulations, user
friendly software, continuous advancement in
electronics, automation and robotics and assured
return on investment. There are some restraints
in the market such as high infrastructure cost
and lack of product knowledge to end users. The
service industry and rapid growth of
infrastructure and automation are the key
opportunities for the non-destructive testing
market. The major companies involved in global
non-destructive testing equipment industry are GE
Inspection technologies (U.S.), Olympus
Corporation (Japan), YXLON international
(Germany), Mistras (U.S.), Zetec (U.S.), Dr.
Foerster (Germany) and Nikon metrology
(U.S.).APAC will remain the leading market for
non-destructive testing equipmentsthroughout the
forecasted period due to the high growth in
sectors like infrastructure, power generation and
aerospace incountries like India and China.
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n-destructive-testing-ndt-equipment-services-marke
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