Global Non-destructive Testing Services and Equipment Market, By Type (Services, Equipment), Technique (Ultrasonic Testing (UT), Visual Testing, Magnetic Particle Testing (MPT), Liquid Penetrant Testing (LPT), Eddy Current Testing (ECT), Radiographic Testing (RT), Acoustic Emission Testing (AET)), Method (Visual Inspection, Surface Inspection, Volumetric Inspection), Vertical (Manufacturing, Oil and Gas, Aerospace and Defence, Public Infrastructure, Automotive, Power Generation), 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 Testing Services and Equipment Market
The non-destructive testing services and equipment market is expected to witness market growth at a rate of 8.90% in the forecast period of 2021 to 2028 and is further estimated to reach USD 4071.08 million by 2028. Data Bridge Market Research report on non-destructive testing 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 rise in the awareness about the usage of non-destructive testing services is escalating the growth of non-destructive testing services and equipment market.
The non-destructive test (NDT) is a test and analysis technique used by several industries to test the properties of component, material, structure or system in any form for the identification of characteristic differences or welding defects.
Major factors that are expected to boost the growth of the non-destructive testing services and equipment market in the forecast period. Furthermore, the increase in the adoption rate of IoT devices and surge in the manufacturing activities amongst developed and developing nations is further anticipated to propel the growth of the non-destructive testing services and equipment market. Moreover, technological advancement, strict government regulations associated with the product quality and public safety and rise in the demand from various end-user industries such as automation, electronics and robotics is further estimated to cushion the growth of the non-destructive testing services and equipment market. On the other hand, the high cost associated with non-destructive testing equipment and the dearth of trained equipment operators are further projected to impede the growth of non-destructive testing services and equipment market in the timeline period.
In addition, the developments related to the infrastructure at large scale and rise in the demand for non-destructive testing services and equipment from power generation vertical will further potential opportunities for the growth of the non-destructive testing services and equipment market. However, the limited manufacturing activities and increased complexity of machines and structures might further challenge the growth of the non-destructive testing services and equipment market in the near future.
This non-destructive testing services and equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on non-destructive testing services and equipment 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 Testing Services and Equipment Market Scope and Market Size
The non-destructive testing services and equipment market is segmented on the basis of type, technique, method and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the non-destructive testing services and equipment market is segmented into services and equipment. Services have been further sub-segmented into inspection, consulting, training and others. Equipment has been further sub-segmented into ultrasonic test equipment, radiography test equipment, visual inspection equipment, magnetic particle test equipment, penetrant test equipment, eddy current testing equipment, acoustic emission testing equipment and others.
- On the basis of technique is segmented into ultrasonic testing (UT), visual testing, magnetic particle testing (MPT), liquid penetrant testing (LPT), eddy current testing (ECT), radiographic testing (RT) and acoustic emission testing (AET).
- On the basis of method, the non-destructive testing services and equipment market is segmented into visual inspection, surface inspection and volumetric inspection.
- On the basis of vertical, the non-destructive testing services and equipment market is segmented into manufacturing, oil and gas, aerospace and defence, public infrastructure, automotive and power generation.
Non-destructive Testing Services and Equipment Market Country Level Analysis
The non-destructive testing services and equipment market is analysed and market size, volume information is provided by country, type, technique, method and vertical as referenced above.
The countries covered in the non-destructive testing services and equipment market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the 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 the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Asia-Pacific dominates the non-destructive testing services and equipment market due to the rise in the energy production. Furthermore, the increase in the count in aging infrastructure will further boost the growth of the non-destructive testing services and equipment market in the region during the forecast period.
The country section of the non-destructive testing services and equipment market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Testing Services and Equipment Market Share Analysis
The non-destructive testing services and equipment 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, global presence, production sites and facilities, production capacities, 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 testing services and equipment market.
The major players covered in non-destructive testing services and equipment market report are GENERAL ELECTRIC, MISTRAS Group, PFINDER Chemie, Intertek Group plc, Nikon Metrology NV, Sonatest, Ashtead Technology, ZEISS, Olympus Corporation, among others. 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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