North America Electromagnetic NDT Market Information

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MarketsandMarkets Presents
North America Electromagnetic NDT Market worth
223.76 Million by 2020 Publishing
Date May 2015
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The new market research report North America
Electromagnetic NDT Market by Method (Eddy
Current Testing, Remote Field Testing, Magnetic
Flux Leakage Testing), by Vertical (Oil Gas,
Power Generation, Automotive, Aerospace, by
Country (The U.S., Canada, Mexico) - Trends
Forecast to 2015 - 2020 , the total North
American electromagnetic NDT equipment market is
expected to reach 223.76 Million by 2020, at a
CAGR of 8.84 between 2015 and 2020. Browse 78
market data tables 47 figures 160 pages and
in-depth TOC on North America Electromagnetic
NDT Market. You can speak to our
analyst_at_ http//www.marketsandmarkets.com/speaktoa
nalyst.asp?id11920041 You can get PDF
Boucher_at_ http//www.marketsandmarkets.com/pdfdownl
oad.asp?id11920041
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Source MarketsandMarkets Analysis
North America Electromagnetic NDT Market, 2015 -
2020
Source MarketsandMarkets Analysis
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The North American electromagnetic NDT market is
expected to grow at a CAGR of 8.84 between 2015
and 2020. The electromagnetic NDT equipment
present a huge scope in various industry
verticals for increasing their operational
efficiency and providing quality products.
However, the major factor restraining the growth
of the NDT equipment market is the high cost of
equipment. Since the use of NDT inspection is
not very frequent in the industries and requires
specialized workforce to carry out the
inspection, many industry players prefer to rent
rather than buy the equipment. The stringent
government safety regulations and growing demand
from the automotive and aerospace segments are
the key factors driving the North American
electromagnetic NDT equipment market. The
development of infrastructure, increasing
industrial development, and the strict
regulations of the governments regarding safety
and environmental issues are boosting the growth
opportunities for the North American
electromagnetic NDT market. The key players in
the North American electromagnetic NDT equipment
market included in the report are GE (U.S.),
Olympus Corporation (Japan), Foerster (U.S.),
Zetec, Inc. (U.S.), and Magnetic Analysis Corp.
(U.S.), and others.
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