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Non-Destructive Testing Equipment Global Market, By Product & Data Validation, 2016 Analysis and Forecast 2022

(IT-NEWSWIRE.COM, March 16, 2017 ) According to Publisher, the Global Non-Destructive Testing Equipment Market is valued at $6.1 billion in 2015 and is expected to reach $13.8 billion by 2022 growing at a CAGR of 12.3% from 2015 to 2022. The major factors that are driving market growth are Government safety regulations for increasing demand to improve quality and longevity of the machines, quality control and user friendly software. Moreover, factors such as continuous advancement in electronics, automation and robotics, safety and reliable performance of the machines, and assured return on investment are also influencing the market growth. Lack of skilled technicians and high infrastructure cost are the factors restricting the market growth.

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Ultrasonic testing segment dominated the global market. Radiography is identified as one of the emerging NDT method and is anticipated to witness major technological innovations over the next decade. The power generation segment has accounted for largest share of the non-destructive testing equipment market in 2014. Increasing number of nuclear power plants and the subsequent increasing demand for machines used in power generation plants are the major factors driving this growth. Oil and gas segment was the second largest vertical segment in global market. North America was the largest regional segment driven by huge investments in energy verticals. Europe is the second largest market, mainly due to growth in automotive industry and rising demand for modernization of the oil and gas sectors. The Asia-Pacific region and the rest of the word (ROW) are also considered as promising markets, with favourable investments across China, Japan, India, and the Middle East.

Some of the key players in the market include Zetec Inc, Yxlon International GmbH, Sonotron, Sonatest Ltd, SGS S.A, Olympus Corporation, Nikon Metrology Inc, Mistras Group, Inc, Magnaflux Corporation, KARL STORZ GmbH & Co. KG, Intertek Group PLC, General Electric, GE Measurement & Control, GE Inspection technologies, Fujifilm Holding Corporation, Fischer Technology Inc, Eddyfi NDT Inc, Dr. Foerster, Bosello High Technology S.R.L and Ashtead Technology, Inc.

Testing methods Covered:
- Contact methods
o Eddy Current Testing
o Magnetic Particle Testing
o Electromagnetic testing
o Liquid Penetrant Testing
o Ultrasonic Testing (UT)
- Non-contact methods
o Radiographic Testing (RT)
o Shearography
o Thermography
o Visual Testing
- Other Testing methods
o Terahertz Imaging
o Magnetic Resonance Imaging
o Optical Microscopic Testing
o Near Infrared Spectroscopy
o Acoustic Emission Testing
o Infrared and Thermal Testing

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Verticals Covered:
- Power generation
o Wind Turbines
o Solar Power
o Fossil Fuel Energy
- Oil & gas
o Transmission Pipeline
o Subsea Pipelines
o Storage Tanks
o Refining
- Medical and Health
- Manufacturing
- Government Infrastructure & Public Safety
o Railways
o Military and Defense
o Bridges and Tunnels
o Border Crossing
o Airport Security
- Automotive
- Aerospace
o Material Analysis
o Composite Airframe Manufacturing
o Aircraft Maintenance
o Aircraft Engine Part Production
- Infrastructure
- Other Verticals
o Plastic and Polymer
o Process Industry
o Marine
o Petrochemical and pipe
o Educational Institutions
o Mining Industry

Applications Covered:
- Stress & Structure Analysis
- Physical Property Determination
- Leak Detection
- Flaw Detection
- Estimation of Physical Properties
- Dimensional Measurement
- Chemical Composition Determination
o Corrosion Resistance Testing
o Plasma Emission Spectrography
- Other Applications

Techniques Covered:
- Surface Examination
- Volumetric Examination
- Condition Monitoring
- Integrity Examination
- Other Non-Destructive Techniques

Services Covered:
- Training Services
- Inspection Services
o Visual Inspection Services
o Ultrasonic Inspection
o Surface Inspection
o Radiographic Inspection
o Magnetic Particle Inspection
o Liquid Penetrant Inspection
o Eddy current Inspection
o Advanced Eddy Current Inspection
- Equipment Rental Services
- Calibration Services
- Other Services

Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

Company Profiling
12.1 Zetec Inc.
12.2 Yxlon International GmbH
12.3 Sonotron
12.4 Sonatest Ltd.
12.5 SGS S.A.
12.6 Olympus Corporation
12.7 Nikon Metrology Inc.
12.8 Mistras Group, Inc.
12.9 Magnaflux Corporation
12.10 KARL STORZ GmbH & Co. KG
12.11 Intertek Group PLC
12.12 General Electric
12.13 GE Measurement & Control
12.14 GE Inspection technologies
12.15 Fujifilm Holding Corporation
12.16 Fischer Technology Inc.
12.17 Eddyfi NDT Inc.
12.18 Dr. Foerster
12.19 Bosello High Technology S.R.L.
12.20 Ashtead Technology, Inc.

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Priya Sisodia


Source: EmailWire.Com


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