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Non Destructive Testing (NDT) Market is Forecast to Cross US$ 22 Billion By 2022


New York, June 09, 2018: Additionally, the forecast period offers huge potential growth for technologies such as computed tomography, phased array ultrasonic testing, and data management tools as these techniques are more efficient in terms of deriving accurate results.

The Global Non Destructive testing market is projected to reach USD 22.20 Billion By 2022, at a CAGR of 7% from 2016 to 2022.

Over the past few years, demand for Non Destructive Testing (NDT) services has expanded rapidly. As the US economy has recovered from the depths of the recession and as a result of it corporate profit margins have expanded and fueled capital expenditure. NDT sector will get future boost from the growing technological innovation and as a result NDT services will become more cost effective and efficient for end users.

 Non Destructive Testing (NDT) is viewed as an essential need in commercial ventures, for example, in aviation industry, oil and gas industry, petroleum industry, and in construction sector. Developments in the NDT equipment market have expanded economically after the presentation of cutting edge X-ray equipment, for example, micro focus X-ray apparatuses, integrated X-ray tubes, glass X-ray tubes with window, radiation protected X-ray tools, etc.

You can browse full report: https://www.marketresearchengine.com/non-destructive-testing-ndt-market
Scope of the Report
This research report categorizes the NDT market into the following segments and sub-segments:
Global NDT Market, By Method
  • Ultrasonic testing
  • Radiography testing
  • Liquid Penetrant testing
  • Magnetic particle testing
  • Eddy-current testing
  • Visual inspection
Global NDT Market, By End-User
  • Oil & gas industry
  • Aerospace & Defense industry
  • Automotive industry
  • Infrastructure Industry
  • Power generation industry
Global NDT Market, By Technique
  • Surface Examination technique
  • Volumetric Examination Technique
  • Condition Monitoring technique
  • Integrity Examination technique
  • Other non-destructive techniques
Global NDT Market, By Application
  • Flaw detection
  • Leak detection
  • Dimensional measurement
  • Estimation of physical properties
  • Chemical Composition Determination
  • Stress & Structure Analysis
Global NDT Market, By Geography
  • G7 Nations
    •  U.S.
    • Canada
    • Japan
    • Italy
    • France
    • Germany
    • U.K.
  • BRICS
    • Brazil
    • Russia
    • India
    • China
    • South Africa
    • U.K.
  • Rest of the World
    • South Korea
    • Saudi Arabia
    • Others

Buy Report from here: https://www.marketresearchengine.com/non-destructive-testing-ndt-market

Table of Contents

1 INTRODUCTION

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
           5.3.1 By Method
           5.3.2 By Technique
           5.3.3 By Application
           5.3.4 By Component
           5.3.5 By End User
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Extending the Useful Life of Aging Infrastructure
                    5.4.1.2 Outsourcing of Non-Core Activities and Technical Resource Constraints
                    5.4.1.3 Stringent Safety Regulations Formulated By Governments
                    5.4.1.4 Emergence of Industrial Internet of Things
           5.4.2 Restraints
                    5.4.2.1 Lack of Skilled Professionals
                    5.4.2.2 High Cost of Advanced Non-Destructive Testing Equipment
           5.4.3 Opportunities
                    5.4.3.1 New Power Generation Projects
                    5.4.3.2 Integration of Robotic Technology
                    5.4.3.3 Increasing Use of Advanced Materials
                    5.4.3.4 Large-Scale Infrastructure Projects
           5.4.4 Challenges
                    5.4.4.1 Price Volatility of Natural Gas and Crude Oil
                    5.4.4.2 Reluctance Towards the Adoption of New Non-Destructive Testing Techniques By End Users
           5.4.5 Winning Imperatives
                    5.4.5.1 Expanding End User Market
                    5.4.5.2 Expanding Geographical Reach
           5.4.6 Burning Issues
                    5.4.6.1 Lack of Skilled Workforce and Increasing Mechanical Complications
                    5.4.6.2 Rapid Industrial Transformation

6 Industry Trends

7 Non-Destructive Testing Market, By Method

8 Non-Destructive Testing Market, By Technique

9 Non-Destructive Testing Market, By Application

10 Non-Destructive Testing Market, By Component

11 Non-Destructive Testing Market, By End User

12 Non-Destructive Testing Market, By Region

13 Competitive Landscape

14 Company Profiles

     14.1 Introduction

     14.1.1 Financial Highlights

     14.2 Olympus Corporation

     14.3 Mistras Group, Inc.

     14.4 Intertek Group PLC

     14.5 SGS S.A.

     14.6 GE Measurement & Control

     14.7 Nikon Metrology, Inc.

     14.8 Ashtead Technology, Inc.

     14.9 Sonatest Ltd.

     14.10 Bosello High Technology S.R.L.

     14.11 Fujifilm Holding Corporation

 

 

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Contact Person: John Bay
Email: john@marketresearchengine.com
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