Non-Destructive Testing Equipment & Services Market (by contact, Non-Contact & Geography) to reach $6.88 Billion in 2020 – Report from MarketsandMarkets
(PRWEB) November 11, 2014 -- The report "Non-Destructive Testing Equipment & Services Market by Contact Methods (Ultrasonic, Eddy Current, Electromagnetic, Liquid Penetrant), Non-Contact (Radiography, Thermography, Visual Testing), Services (Inspection, Rental, Training, Consultation), Application & Geography - Analysis & Global Forecast to 2013 - 2020" defines the global telecom analytics market based on various software applications, hardware types, service types, and user types with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.
Browse market 101 data Tables with 82 Figures spread through 270 Pages and in-depth TOC on "Non-Destructive Testing Equipment & Services Market."
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Non-Destructive Testing (NDT) relates to the examination of materials for flaws without harming the object being tested. Non-Destructive Testing provides cost-effective means of testing while protecting the object’s usability for its designed purpose. The technique can be applied on a sampling basis for individual investigation or may be used for 100% checking of material in a production quality control system.
Non-Destructive Testing (NDT) is a testing of objects for their flaws and imperfections in accordance with some standard norms. The non-destructive testing (NDT) market is, at present, witnessing a spree of mergers, partnerships, and acquisitions among market players, which is resulting in a wide range of challenges and opportunities.
Ultrasonic testing and radiography are identified as one of the emerging Non-Destructive Testing (NDT) methods and are expected to witness major technological innovations over the next few years. Phased array technology and guided wave type of ultrasonic testing methods are expected to gain maximum traction in the future and to be the major stakeholders for the NDT contact methods, under the umbrella of the Non-Destructive Testing Equipment market. One the other hand, traditional NDT methods, such as visual inspection and liquid penetrant testing, have been stagnated technologically over the last few years.
In the Non-Destructive Testing services market, Eddy current testing is expected to hold the major share of the future NDT inspection services market. Eddy current testing is considered as one of the most effective NDT inspection services, since it can inspect a number of defects like welds, cracks, thickness, and so on even in the active phase of assembly line and has wide applications in petrochemical and gas & power generation industry verticals.
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North America is the largest geography in terms of market revenue for the Non-Destructive Testing (NDT) market. The Asia-Pacific region, Europe, and the rest of the word (ROW) are also considered as promising markets, along with China, Japan,India, Germany, and the Middle East region which provide impetus to the growth.
The report profiles promising major players with a SWOT analysis of key players in the Non-Destructive Testing (NDT) Market. The competitive landscape of the market presents an interesting picture, where a large number of small players have become a force to reckon with. The market is witnessing a series of new product launch announcement and partnership across the value chain.
The major companies in the Non-Destructive Testing (NDT) Market are Mistras Group, Inc. (U.S.), Olympus Corporation (Japan), GE Measurement & Control Solutions (U.S.), Nikon Corporations (Japan), Ashtead Technology (U.K.), Magnaflux Corporation (U.S.), Zetec Inc. (U.S.), Sonatest Ltd. (U.K.), Sonotron NDT (isreal), Bosello High Technology SRL (Italy), YXLON International GMBH (Germany), Fischer Technology, Inc. (Germany) , Eddyfi (Canada), and many more.
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