Non Destructive Test Equipment Market Trends, Dynamics & Market Insights

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Presents a Research Report on
Non Destructive Test Equipment
Market
The report on the Nondestructive Test Equipment
Market is segmented By Method (Ultrasonic, Eddy
Current, Electromagnetic, Radiography,
Thermography, Other), Technique (Volumetric
Examination, Surface Examination,
Others), Application (Manufacturing,
Petrochemical, Aerospace, Automotive, Power
Generation, Others), and Region - COVID-19 Impact
Analysis and Forecast to 2026.


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The Non Destructive Test Equipment Market
Highlights Drivers

• The Nondestructive Test Equipment Market is
  projected to grow from USD 3.2 billion in 2020
  to USD 5.2 billion by 2026 at a CAGR of around
  8.6 during the forecast period.
• Non-destructive testing (NDT) is a testing and
  analysis technique that is used by industries to
  evaluate the properties of a component, material,
  structure, or system for characteristic
  differences or welding defects and
  discontinuities without causing damage to the
  original part. Some of the commonly used testing
  methods are ultrasonic, eddy current,
  electromagnetic, and radiography among others.

• Market Insight
• By Application Type
• By application, the nondestructive test equipment
  market has been bifurcated into manufacturing,
  petrochemical, aerospace, automotive, power
  generation, and others. 
• The manufacturing segment accounted for the
  largest market share in 2020 and is projected to
  register significant growth during the review
  period.

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Market Insight Competitive Insights

• By Region
• By region, the North American market accounted
  for the largest market share in 2020 and is
  projected to grow at a robust CAGR during the
  review period. This can be attributed to the high
  product adoption rate in the end-use industries
  coupled with the presence of key market players
  such as Centurion NDT, Inc. (US) and Zetec Inc.
  (US).
• The market growth in Asia-Pacific is expected to
  be driven by expanding industrialization in
  developing countries particularly China and
  India.
• Key Players
• Centurion NDT, Inc. (US),
• Zetec Inc. (US), FLIR Systems, Inc. (US),
• Extech Instruments Corp. (US),
• Olympus Corporation (US),
• GE Measurement Control (US),
• Everest VIT Inc. (US)
• Gould-Bass Company, Inc. (US)
• Hamamatsu Photonics K.K. (Japan)
• Insight NDT Equipment Ltd. (UK)
• ibg NDT Systems Corporation (US)
• INSTITUT DR. FOERSTER GMBH CO. KG (Germany)
• KARL DEUTSCH Pruef- und Messgeraetebau GmbH Co
  KG (Germany)

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Research Methodology
Data Analysis (Top Down and Bottom Up Approach)
Data Triangulation (Data Evaluation and Multiple
Data Triangulation)
Final Deliverables (Final Report with All
Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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