Global non destructive testing equipment market growth

The equipment is effectively used to determine physical properties of materials including ductility, fatigue strength, impact resistance, fracture toughness, and ultimate tensile strength. The contact methods comprise eddy current testing, penetrant testing, magnetic and electromagnetic testing, and ultrasonic testing, whereas non-contact methods include thermography, visual inspection, shearography, and radiography testing.

Aerospace includes composite airframe manufacturing, aircraft engine part production, and maintenance. The power plants often deal with highly inflammable and explosive products, such as fossil fuels and nuclear elements to generate power. The report identifies the drivers and restraints affecting the industry and analyzes their impact over the forecast period.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst Available Customizations Title. InNorth America accounted for largest revenue share in the global non-destructive testing equipment market.

Inoil and gas industry was the second largest end use industry in the non-destructive testing equipment market globally. The global non-destructive testing equipment market is majorly dominated by power generation industry due to increasing number of nuclear power plants and the subsequent increasing demand for machines used in power plants.

Europe held the second largest share of the global non-destructive testing equipment market in followed by Asia Pacific and RoW respectively. Power Generation Industry to Witness Strong Growth The power generation sector is one of the largest end-user segment for non-destructive testing equipment.

Among all the end use industry segments, power generation industry holds the largest market share at present in the non-destructive testing equipment market. However, with increasing environmental concerns theses are being replaced with power plants running on natural gas resources.

Inspection services are sub-segmented into visual NDT, surface, eddy current, and ultrasonic inspection services. This indicates continues and high growth in the use of alternative and renewable sources for power generation, which are leading to increased construction and expansion activity in the sector to accommodate this shift.

The increasing number of failures of oil and gas equipment and tools, especially of pipes are spurring the need of non-destructive testing equipment in this industry. Guided wave type of ultrasonic testing methods along with phased array technology is expected to gain significant share and traditional technologies such as liquid penetrant testing and visual inspection are projected to remain stagnant by The requirements of high accuracy and precision in the day-to-day operations of a power plant create a high need for regular maintenance activities.

These tests are often used to determine the physical properties of materials such as ductility, ultimate tensile strength, impact resistance, fatigue strength and fracture toughness. Market players focus on entering new markets by launching technologically advanced and cost-effective products, and acquiring new businesses.

United StatesZetec Inc. The market can be classified by services into consultation, rental, training, and inspection. Eddy current is one of the most efficient inspection services owing to its varied applications in power generation, petrochemicals, and gas industry verticals along with its ability to detect various defects including thickness, cracks, and welds in the active phase of assembly line.

This is encouraging many oil-dependent countries to resume their investments into exploratory activities. The non-destructive testing is used to ensure product reliability and integrity to control manufacturing processes.

Comet Group opened Lab One, its first technology and application center in Silicon Valley in a bid to stimulate new applications, facilitate innovations, and make more active collaborations with customers. This program is expected to massively increase the upstream sector activity in North America leading to critical demand for NDT equipment in the near future.

Although, the number of NDT certification communities and institutions has doubled over the time, they could not supply enough workforce to meet the current requirements. Non-destructive testing equipment are utilized in oil and gas operations on the critical assets such as tanks, vessels, heat exchangers and condensers, piping and rotating equipments to identify potential damage mechanisms.

Development of laser based and automatic testing equipment are anticipated to create new growth opportunities for this market. In the yearthe global coal consumption fell by 1. Moreover, it identifies the significant opportunities for market growth in the coming years. North America led the global non-destructive testing equipment market in and is also expected to maintain its dominance in as well in this market.

Automotive is expected to be the fastest growing end use industry in non-destructive testing equipment market followed by oil and gas industry. In the past six years, the electricity consumption all the over the globe increased by 2.

Major companies that have in-house capabilities are also outsourcing the NDT activities to third-party companies due to lack of skilled labor.

The report provides company market share analysis of various industry participants. The technique can be applied for checking materials in a production quality-control system along with usage on sample basis for individual investigation. The key players have also been profiled on the basis of company details, product type, financial overview, historical roadmap, business strategies and the recent developments in the field of non-destructive testing equipment market.

The non-destructive testing equipment are used to determine the physical properties of materials such as ultimate tensile strength, ductility, impact resistance, fatigue strength and fracture toughness. All these segments have also been estimated on the basis of geography in terms of revenue USD billion.The non-destructive testing (NDT) market is estimated to be USD Billion in and is projected to reach USD Billion byat a CAGR of % from to is considered as the base year and the.

The newly published report by analyzes various factors associated with the performance of the global laser marking machine market and envisages the growth trajectory of the market during the forecast period Global non-destructive testing equipment market was valued at USD billion ingrowing at a CAGR of % from to Non-destructive testing equipment are used to evaluate or inspect the materials, assemblies or components for discontinuities in characteristics without tearing down the serviceability of the part or Location: State Tower, 90 State Street, SuiteAlbany, The global Non-Destructive Testing Equipment Market covers whole industry on the basis of technology, verticals, application and geography.

The technology section covers different contact and non-contact technologies with their current and future estimations.

Nondestructive Testing Equipment

Global Non-Destructive Testing Equipment Market is estimated to reach $4, million by ; growing at a CAGR of % from to he global non-destructive testing equipment market has been segmented into testing method, technique, industry vertical, and geography.

The global non-destructive testing equipment & services market is projected to witness significant growth owing to the evolving infrastructure sector across the world combined with increasing demand for improving quality and longevity of the machines.

Global non destructive testing equipment market growth
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