Nondestructive Testing Market Worth $1720.96 Million by 2020
DALLAS, April 7, 2014 /PRNewswire/ –
According to a new report of “Nondestructive Testing Market by Application
(Dimensional measurement, Flaw detection, Leak detection, Estimation of physical
properties, Chemical composition determination, stress and structure analysis), Technology
(Visual testing, Magnetic particle testing, electromagnetic testing, Liquid penetrant
testing, Radiography testing, Ultrasonic testing, Thermography testing, acoustic emission
testing), End user (Aerospace and defense industry, Automotive industry, Oil & gas
industry, Infrastructure industry, Power generation), & Geography (North America, Latin
America, Europe, Asia-Pacific, Middle-East) – Forecast & Analysis 2014-2020″ published by
MarketsandMarkets, the market is estimated to grow at a CAGR of 3.5% to reach $1720.96
Million by 2020.
Browse more than 54 market data Tables with 58 Figures spread through 217 Pages and
in-depth TOC on “Nondestructive Testing Market”.
Early buyers will receive 10% customization on this report.
Nondestructive testing is testing of objects for their flaws and imperfections in
accordance with some standard norms. The stringent government safety regulations in the
aerospace and defense industry and commercial industry will drive the growth of NDT
market. Rapid infrastructural development in developed as well as developing economies has
fuelled in the growth of the NDT market.
The U.S. and Europe are the major revenue generating regions for NDT. Latin America
and Asia-Pacific are the emerging markets for NDT. Brazil, India, and China are the
countries, which have immense growth potential for NDT. APAC will be the leading market
for nondestructive testing, due to the high growth in sectors like infrastructure, power
generation, and aerospace in countries like India and China.
This report provides the Nondestructive Testing Market segmentation on the basis of
application, technology, end user, and geography. The report explains the drivers,
restraints and challenges in the NDT market. The NDT market is witnessing a spree of
mergers, partnerships, and acquisitions among market players, which has resulted in a wide
range of challenges and opportunities. It provides information on the regional, end user,
technology, and consolidation trends in the NDT market.
This report provides a complete analysis of the global NDT market for the next six
years. The report provides a complete revenue forecast and analysis for North America,
Latin America, Europe, Asia-Pacific, and Middle East. The competitive landscape provides
information about the major players in the NDT market and their market share in the NDT
market for 2013. The report also provides overviews of the leading companies in the NDT
market on the basis of their financial position, markets, and key developments. The major
companies involved in global nondestructive testing industry are Mistras (U.S.), Olympus
Corporation (Japan), Intertek Plc. (U.K), SGS S.A (Switzerland), G.E. Measurement and
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