Last updated on April 23, 2014 at 20:10 EDT

Global Non-Destructive Testing Equipment Market Worth $2200 Million by 2018

January 28, 2013

DALLAS, January 28, 2013 /PRNewswire/ –

According to a new market research report, “Global Non-Destructive Testing (NDT)
Equipment Market-By Technology (Ultrasonic, Eddy Current, Electromagnetic, Radiography,
Thermography), Verticals (Manufacturing, Petrochemical, Aerospace, Automotive, Power
Generation) And Geography (2013 – 2018)” ,published by MarketsandMarkets (
http://www.marketsandmarkets.com), the total market for non-destructive equipment is
expected to reach $2200 million by 2018 at an estimated CAGR of 8.0% from 2013 to 2018.

Browse 127 market data tables with 32 figures spread through 257 pages and in-depth
TOC on Global Non-Destructive Testing (NDT) Equipment Market-By Technology (Ultrasonic,
Eddy Current, Electromagnetic, Radiography, Thermography), Verticals (Manufacturing,
Petrochemical, Aerospace, Automotive, Power Generation) And Geography (2013 -2018).


Early buyers will receive 10% customization on reports.

Non-destructive testing is a testing of objects for their flaws and imperfections in
accordance with some standard norms. The Non-destructive testing equipment 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.

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.
Phased array ultrasonic, X-ray computed tomography and computed radiography technologies
are expected to grow exponentially in the days to come. The vertical section covers
different industries like power generation, petrochemical, oil & gas, aerospace and
automotive. The industries such as aerospace, power generation and oil & gas are the major
consumers of non-destructive testing equipments. The Geographical analysis covers North
America, Europe, Asia-Pacific, and ROW.

The major drivers for non-contact equipment market are strong government regulations,
user friendly software, continuous advancement in electronics, automation and robotics and
assured return on investment. There are some restraints in the market such as high
infrastructure cost and lack of product knowledge to end users. The service industry and
rapid growth of infrastructure and automation are the key opportunities for the
non-destructive testing market.

The major companies involved in global non-destructive testing market
[http://www.marketsandmarkets.com/Market-Reports/non-destructive-testing-ndt-equipment-services-market-882.html ]
are GE Inspection technologies (U.S.), Olympus Corporation (Japan),
YXLON international (Germany), Mistras (U.S.), Zetec (U.S.), Dr. Foerster (Germany) and
Nikon metrology (U.S.).APAC will remain the leading market for non-destructive testing
equipments throughout the forecasted period due to the high growth in sectors like
infrastructure, power generation and aerospace incountries like India and China.

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SOURCE MarketsandMarkets

Source: PR Newswire