Global Non Destructive Market for Construction Industry Market, By Type (Services, Equipment), Testing Technology (Radiography Testing, Ultrasonic Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Visual Inspection Testing, Acoustic Emission Testing, Thermography Testing, Laser Scanning Testing, Other), Vertical (Oil and Gas, Manufacturing, Aerospace and Defense, Construction, Automotive, Power Generation, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Non Destructive Market for Construction Industry Market
The non-destructive market for construction industry market is expected to witness market growth at a rate of 6.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on non-destructive market for construction industry market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The continuous technological advancements globally is escalating the growth of non-destructive market for construction industry market.
Non- destructive testing refers to a set of techniques that are utilized for analysing the materials, component and system without creating damage. The main purpose of the NDT for the detection of internal and external imperfections, measure geometric characteristics and determine the material properties. The various technologies include radiography, x- rays, and radiation among others for detecting any fault.
The rise in construction industry across the globe acts as one of the major factors driving the growth of non-destructive market for construction industry market. The rise in awareness amongst the manufacturers regarding the use of NDT for the enhancement the penetration of NDT techniques, and high adoption of IoT devices accelerate the market growth. The increased adoption of NDT and inspection equipment and services in automation, electronics, and robotics industrial segments, and rise in demand for assessment of health of aging assets further influence the market. Additionally, stringent government regulations regarding public safety and product quality, urbanization and digitization, and large-scale infrastructural developments in APAC, Europe, and Latin America, positively affect the non-destructive market for construction industry market. Furthermore, increase in demand for NDT and inspection services from power generation industry, and technological advancements in NDT and inspection techniques extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high costs of automated NDT and inspection equipment and reluctance to adopt new and high-cost NDT and inspection techniques are expected to obstruct the market growth. Lack of skilled and qualified personnel to carry out NDT and inspection activities, and limited manufacturing activities and supply chain disruptions negatively impacted by COVID-19 are projected to challenge the non-destructive market for construction industry market in the forecast period of 2021-2028.
This non-destructive market for construction industry market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info non-destructive market for construction industry market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Non Destructive Market for Construction Industry Market Scope and Market Size
The non-destructive market for construction industry market is segmented on the basis of type, testing technology and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the non-destructive market for construction industry market is segmented into services, and equipment.
- On the basis of testing technology, the non-destructive market for construction industry market is segmented into radiography testing, ultrasonic testing, magnetic particle testing, liquid penetrant testing, visual inspection testing, acoustic emission testing, thermography testing, laser scanning testing and other.
- On the basis of vertical, the non-destructive market for construction industry market is segmented into oil and gas, manufacturing, aerospace and defense, construction, automotive, power generation and others.
Non Destructive Market for Construction Industry Market Country Level Analysis
The non-destructive market for construction industry market is analysed and market size, volume information is provided by country, type, testing technology and vertical as referenced above.
The countries covered in the global non-destructive market for construction industry market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominate s the non-destructive market for construction industry market due to the availability of a skilled workforce, and the number of non-destructive testing training institutes within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the increase in manufacturing, construction, and power generation activities in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Non Destructive Market for Construction Industry Market Share Analysis
The non-destructive market for construction industry market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to non-destructive market for construction industry market.
The major players covered in the non-destructive market for construction industry market report are Acuren, Applus+, FLIR Systems, Inc., Intertek Group plc, OLYMPUS CORPORATION, ROSEN Group., Ashtead Technology Ltd, James Fisher and Sons plc, Zetec, Inc., SGS SA, Element Materials Technology, LISMAR, Inc., Intertek Group plc, GraFitz Group Network, Calumet Testing Services., Buehler, Gravitech Inspection Services, TEST ENGINEERING Ltd., Buffalo Inspection Services Inc., and EnerMech., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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