Nondestructive Testing Equipment Market Share, Trends & Forecast - 2022

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Nondestructive Testing Equipment Market
Opportunities and Forecasts, 2014- 2022
Pages 210 Published 2016
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NONDESTRUCTIVE TESTING EQUIPMENT MARKET
The nondestructive testing industry is
undergoing rapid change and traditional NDT
equipment are evolving in significant ways,
providing new advantages and additional value to
end-users. Maintenance optimization by various
industries to ensure safety and efficient
performance of the machines is driving the need
for NDT equipment. The increasing cost and
challenges involved in building new
infrastructure has resulted in significant aging
of existing infrastructure. In addition, a wave
of consolidations and mergers has recently swept
over the NDT industry. Rachna Singh
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NONDESTRUCTIVE TESTING EQUIPMENT MARKET OVERVIEW

• Nondestructive Testing Equipment Market report,
  published by Allied Market Research, forecasts
  that the global market is expected to garner 3
  billion by 2022, registering a CAGR of 9 during
  the period 2016 - 2022. 
•  In the year 2015, North America contributed
  major share in the market, and is projected to
  continue its dominance throughout the forecast
  period.
• NDT refers to the method of examining
  materials/components to detect the
  defects/discontinuity in component or material to
  avoid equipment failure.
• In addition, it is used to ensure the safe
  utilization of engineering structures, product
  quality, and performance upon production.
• Read more at https//www.alliedmarketresearch.co
  m/nondestructive-testing-equipment-market

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NONDESTRUCTIVE TESTING EQUIPMENT MARKET KEY
BENEFITS

• This report provides an in-depth analysis of the
  global nondestructive testing equipment market,
  along with current trends and future estimations
  to identify lucrative investment opportunities
• Key drivers, opportunities, and restraints that
  impact the market are analyzed.
• Porters Five Forces analysis highlights the
  potency of buyers and suppliers to facilitate
  better business decisions for stakeholders and
  strengthen their supplier and buyer networks.
• Market estimation of geographical regions is
  based on the current market scenario and future
  trends.

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IMPACT OF NONDESTRUCTIVE TESTING EQUIPMENT MARKET
MARKET ON RAIL SYSTEM
 
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NONDESTRUCTIVE TESTING EQUIPMENT MARKET KEY
FINDINGS

• In 2015, ultrasonic testing was the highest
  revenue-generating segment, accounting for almost
  30 of the overall market size, and is projected
  to grow at a CAGR of over 7 during the forecast
  period.
• Liquid penetrant testing is likely to grow at a
  remarkable CAGR of 11.5, owing to their low cost
  and user-friendly approach.
• Asia-Pacific is anticipated to exhibit the
  highest growth, registering a CAGR of almost 11
  during the forecast period.
• North America generated the highest revenue in
  this market, followed by Europe and Asia-Pacific.
• The U.S. is projected to maintain its lead in the
  NDT equipment market in terms of revenue
  generation until 2022.

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KEY PLAYERS IN INDUSTRY

• Olympus Corporation
• Zetec Inc.
• Sonatest among
• Download Sample Report
• https//www.alliedmarketresearch.com/request-free-
  sample/1720

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NONDESTRUCTIVE TESTING EQUIPMENT MARKET
MARKET SEGMENTATION
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NONDESTRUCTIVE TESTING EQUIPMENT MARKET
BY GEOGRAPHY
 

• North America, Europe, Asia-Pacific, LAMEA

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