North America Electromagnetic NDT Market by Method (Eddy Current Testing, Remote Field Testing, Magnetic Flux Leakage Testing), by Vertical (Oil & Gas, Power Generation, Automotive, Aerospace), by Country (The U.S., Canada, Mexico) - Trends & Forecast to 2015 - 2020

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Date: 20-May-2015
No. of pages: 160
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The North American electromagnetic NDT equipment market is expected to reach $223.76 million by 2020, at a CAGR of 8.84% between 2015 and 2020. This report covers the key verticals of the North American electromagnetic NDT equipment market including oil & gas, power generation, aerospace, automotive, foundries, process industries, and others (medical and healthcare, infrastructure, and mining). Of all the verticals, power generation is expected to be the largest contributor to the overall electromagnetic NDT equipment market in North America, accounting for 24% of the market share; its market size is expected to reach $48.65 million by 2020, at a CAGR of 7.59% between 2015 and 2020. However, its market share is projected to reduce during the forecast period, owing to the shutdown of coal power projects in the North American region, especially in Canada and the U.S.

The overall electromagnetic NDT equipment market in North America comprises different NDT methods, namely, eddy-current testing, remote field testing, magnetic flux leakage testing, and alternating current field measurement. The eddy-current testing method currently accounts for a major share of ~62% of the overall  electromagnetic NDT equipment market in the North American region and it is expected to grow at a CAGR of 9.77% between 2015 and 2020. The major players in NDT equipment market include Olympus Corporation (Japan), GE Measurement & Control Solutions (U.S.), Ashtead Technology (U.K.), Zetec, Inc. (U.S.), and Eddyfi (Canada).

Scope of the report

The North American magnetic & electromagnetic NDT equipment market study covers various types of Non-Destructive Testing methods, used in various verticals,to arrive at the NDT market size during the forecast period.For this analysis, the North American magnetic & electromagnetic NDT equipment marketis segmented into different countries, namely, the U.S., Mexico, and Canada.

By method

The North American electromagnetic NDT equipment market is segmented on the basis of various NDT methods,namely, eddy-current testing, remote field testing, magnetic flux leakage testing, and Alternating Current Field Measurement.

By vertical

The various industrial verticals considered in the analysis ofthe North American electromagnetic NDT equipment market size are oil & gas, power generation, aerospace, automotive, foundry, process industry, and others (medical and healthcare, infrastructure, and marine).

By geography

The North American magnetic & electromagnetic NDT equipment market has been classified on the basis of countries into the U.S., Canada, and Mexico. The purpose of this segmentation is to give a detailed country-wise analysis and to estimate the size of the overall North American electromagnetic NDT equipment market.

North America Electromagnetic NDT Market by Method (Eddy Current Testing, Remote Field Testing, Magnetic Flux Leakage Testing), by Vertical (Oil & Gas, Power Generation, Automotive, Aerospace), by Country (The U.S., Canada, Mexico) - Trends & Forecast to 2015 - 2020

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitation
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Demand-Side Analysis
2.2.1 Introduction
2.2.1.1 Growing Investments in the New and Deteriorating Infrastructure
2.2.1.2 Increase in Demand Form the Automotive Sector
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions and Limitations
2.5.1 Assumptions
2.5.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Opportunities in the North American Magnetic and Electromagnetic NDT Market
4.2 Top Three Segments in the North American Magnetic & Electromagnetic NDT Market
4.3 North American Magnetic & Electromagnetic NDT Market, By Country
4.4 The North American Magnetic & Electromagnetic NDT Market: Industry Verticals
4.5 The U.S Magnetic & Electromagnetic NDT Vertical Market: Methods of NDT Testing (2020)
4.6 The U.S. Magnetic & Electromagnetic NDT Equipment Shipment

5 Market Overview
5.1 Introduction
5.2 Evolution of the NDT Technology
5.3 Market Segmentation
5.3.1 North American Magnetic and Electromagnetic NDT Equipment Market, By Method
5.3.2 North American Magnetic and Electromagnetic NDT Equipment Market Segmentation, By Vertical
5.3.3 North American Magnetic and Electromagnetic NDT Equipment Market Segmentation, By Country
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Prominently Growing Automotive and Aerospace Sector in the North American Region
5.4.1.2 Government Safety Regulations
5.4.1.3 New Power Generation Projects in the U.S. Driving the NDT Inspection Market
5.4.2 Restraints
5.4.2.1 Lack of Qualified Technicians Limits the NDT Growth Potential
5.4.2.2 High Costs of Equipment
5.4.3 Opportunities
5.4.3.1 Technological Advancements
5.4.3.2 Demand for Third Party Inspection Service Providers
5.4.4 Challenge
5.4.4.1 Willingness Toward the Adoption of New NDT Inspection Methods
5.4.5 Burning Issue
5.4.5.1 Rapid Industrial Transformation

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Industry Trends
6.4 Porter’s Five Forces Analysis
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of New Entrants
6.4.4 Threat of Substitutes
6.4.5 Intensity of Rivalry

7 The North American Magnetic and Electromagnetic NDT Equipment Market, By Method
7.1 Introduction
7.1.1 Trends in Electromagnetic NDT Methods and Applications
7.2 EDDY-Current NDT Equipment
7.2.1 Market and Technology Trends
7.2.2 Key Application Areas
7.3 Remote Field Testing Equipment
7.3.1 Market and Technology Trends
7.3.2 Key Application Areas
7.4 Magnetic Flux Leakage Testing Equipment
7.4.1 Market and Technology Trends
7.4.2 Key Application Areas
7.5 Alternating Current Field Measurement Equipment
7.5.1 Market and Technology Trends
7.5.2 Key Application Areas

8 The North American Magnetic and Electromagnetic NDT Equipment Market, By Vertical
8.1 Introduction
8.2 Oil & Gas
8.3 Power Genration
8.4 Aerospace
8.5 Process Industry
8.6 Automotive
8.7 Foundry
8.8 Others

9 The North American Magnetic and Electromagnetic NDT Equipment Market, By Country
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico

10 Competitive Landscape
10.1 Overview
10.2 Market Share Analysis: the North American Magnetic  & Electromagnetic NDT Market
10.3 Competitive Situation and Trends
10.4 New Product Launches
10.5 Agreements, Partnerships, Expansion and Contracts
10.6 Others

11 Company Profile
11.1 Introduction
11.2 Magnetic Analysis Corporation
11.2.1 Business Overview
11.2.2 Product Portfolio
11.2.3 Recent Developments
11.2.4 MnM View
11.3 Russell NDE Systems, Inc.
11.3.1 Business Overview
11.3.2 Products & Services
11.3.3 Recent Developments
11.4 TSC Inspection Systems
11.4.1 Business Overview
11.4.2 Products & Services
11.4.3 Recent Developments
11.5 United Western Technologies
11.5.1 Business Overview
11.5.2 Product Portfolio
11.5.3 Recent Developments
11.6 Ashtead Technology
11.6.1 Business Overview
11.6.2 Products & Services
11.6.3 Recent Developments
11.7 Eddyfi
11.7.1 Business Overview
11.7.2 Product Portfolio
11.7.3 Recent Developments
11.8 Zetec, Inc.
11.8.1 Business Overview
11.8.2 Products & Services
11.8.3 Recent Developments
11.9 General Electric Company
11.9.1 Business Overview
11.9.2 Product Portfolio
11.9.3 Recent Developments
11.9.4 MnM View
11.10 Mistras Group, Inc.
11.10.1 Business Overview
11.10.2 Products & Services
11.10.3 Recent Developments
11.10.4 MnM View
11.11 Olympus Corporation
11.11.1 Business Overview
11.11.2 Product Portfolio
11.11.3 Recent Developments
11.11.4 MnM View
11.12 Dr. Foerster GmbH & Co. KG
11.12.1 Business Overview
11.12.2 Product Portfolio
11.12.3 Recent Developments
11.12.4 MnM View

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Introducing RT: Real Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports

List of Tables

Table 1 Government Safety Regulations Contributing to the Growth of the North American Magnetic and Electromagnetic NDT Equipment Market
Table 2 High Cost of Facility is Hampering the Growth of the 3d Metrology Market
Table 3 Growing Demand for Third-Party Inspection Service Providers is A Prominent Opportunity for the North American Magnetic and Electromagnetic NDT Equipment Market
Table 4 Reluctance Toward the Adoption of New NDT Inspection Methods is the Major Challenge Faced By the North American Magnetic and Electromagnetic Test Equipment Market
Table 5 North America Magnetic and Electromagnetic NDT Equipment Market Size, By Method, 2014–2020 ($ Million)
Table 6 North American Magnetic and Electromagnetic NDT Equipment Market Size, By Method, 2014–2020 (Units)
Table 7 Technical Trends in EDDY-Current Testing
Table 8 Industries With Testing Requirements
Table 9 North America Magnetic and Electromagnetic NDT Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 10 North America Magnetic and Electromagnetic NDT Equipment Market Size, By Vertical, 2014–2020 (Units )
Table 11 Different NDT Methods and Solutions Offered in the Oil & Gas Industry
Table 12 Different NDT Methods and Solutions Offered in Power Generation
Table 13 Different NDT Methods and Solutions Offered in Nuclear Power Generation
Table 14 Different NDT Methods and Solutions Offered in Renewable Power Generation
Table 15 NDT Technologies Used in Aerospace Industry
Table 16 Different Other Modern NDT Methods Used in the Aerospace Industry
Table 17 NDT Essentials for Aircraft Maintenance
Table 18 NDT Technologies in the Automotive Vertical
Table 19 NDT Technologies Used in Foundry Industry
Table 20 North America Magnetic and Electromagnetic NDT Equipment Market Size, By Country, 2014–2020 ($ Million)
Table 21 North America Magnetic and Electromagnetic NDT Equipment Market Size, By Country, 2014–2020 (Units)
Table 22 U.S. EDDY-Current NDT Equipment Market Size, By Vertical,  2014–2020 ($ Million)
Table 23 U.S. EDDY-Current NDT Equipment Market Size, By Vertical, 2014–2020 (Units)
Table 24 U.S. Remote Field Testing Equipment Market,  By Vertical,  2014–2020 ($ Million)
Table 25 U.S. Remote Field Testing Equipment Market,  By Vertical,  2014–2020 (Units)
Table 26 Magnetic Flux Leakage Testing Equipment Market Size in the U.S., By Vertical, 2014–2020 ($ Million)
Table 27 U.S. Magnetic Flux Leakage Testing Equipment Market,  By Vertical, 2014–2020 (Units)
Table 28 Alternating Current Field Measurement Equipment Market Size in the U.S.,  By Vertical, 2014–2020 ($ Million)
Table 29 Alternating Current Field Measurement Equipment Market Size in the U.S.,  By Vertical, 2014–2020 (Units)
Table 30 U.S. Magnetic and Electromagnetic NDT Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 31 U.S. Magnetic and Electromagnetic NDT Equipment Market, By Vertical, 2014–2020 (Units)
Table 32 U.S. Oil & Gas Vertical Market Size, By Method, 2014–2020 ($ Million)
Table 33 U.S. Oil & Gas Market Size, By Method, 2014–2020 (Units)
Table 34 U.S. Power Generation  Market Size, By Method, 2014–2020 ($ Million)
Table 35 U.S. Power Generation Vertical Market Size, By Method, 2014–2020 (Units)
Table 36 U.S. Aerospace Vertical Market Size, By Method, 2014–2020 ($ Million)
Table 37 U.S. Aerospace Vertical Market Size, By Method, 2014–2020 (Units)
Table 38 U.S. Process Industries Vertical Market Size, By Method,  2014–2020 ($ Million)
Table 39 U.S. Process Industries Vertical Market Size, By Method, 2014–2020 (Units)
Table 40 U.S. Automotive Vertical Market Size, By Method, 2014–2020 ($ Million)
Table 41 U.S. Automotive Vertical Market Size, By Method, 2014–2020 (Units)
Table 42 U.S. Foundries Vertical Market Size, By Method, 2014–2020 ($ Million)
Table 43 U.S. Foundries Vertical Market Size, By Method, 2014–2020 (Units)
Table 44 U.S. Others Vertical Market Size, By Method, 2014–2020 ($ Million)
Table 45 U.S. Others Vertical Market Size, By Method, 2014–2020 (Units)
Table 46 Canadian Magnetic and Electromagnetic NDT Equipment Market Size, By Method, 2014–2020 ($ Million)
Table 47 Canadian Magnetic and Electromagnetic NDT Equipment Market Size, By Method, 2014–2020 (Units)
Table 48 Canadian Magnetic and Electromagnetic NDT Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 49 Canadian Magnetic and Electromagnetic NDT Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 50 Canadian EDDY Current NDT Equipment Market Size, By Vertical, 2014–2020  ($ Million)
Table 51 Canadian Remote Field Testing Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 52 Canadian Magnetic Flux Leakage Testing Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 53 Canadian Alternating Current Field Measurement Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 54 Canadian Oil & Gas Vertical Market Size, By Method, 2014–2020 ($ Million)
Table 55 Canadian Power Generation Vertical Market Size, By Method, 2014–2020 ($ Million)
Table 56 Canadian Aerospace Vertical Electromagnetic NDT Market Size, By Method, 2014–2020 ($ Million)
Table 57 Canadian Automotive Vertical Electromagnetic NDT Markett Size, By Method, 2014–2020 ($ Million)
Table 58 Canadian Foundries Vertical Electromagnetic NDT Market Size, By Method, 2014–2020 ($ Million)
Table 59 Canadian Process Industries Vertical Market Size, By Method, 2014–2020 ($ Million)
Table 60 Canadian Others Vertical Market Size, By Method, 2014–2020 ($ Million)
Table 61 Mexico Magnetic and Electromagnetic NDT Equipment Market Size, By Method, 2014–2020 ($ Million)
Table 62 Mexico Magnetic and Electromagnetic NDT Equipment Market Size, By Method, 2014–2020 (Units)
Table 63 Mexico Magnetic and Electromagnetic NDT Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 64 Mexico Magnetic and Electromagnetic NDT Equipment Market Size, By Vertical, 2014–2020 (Units)
Table 65 Mexico EDDY Current NDT Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 66 Mexico Remote Field Testing Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 67 Mexico Magnetic Flux Leakage Testing Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 68 Mexico Alternating Current Field Measurement Equipment Market Size, By Vertical, 2014–2020 ($ Million)
Table 69 Mexico Oil & Gas Vertical Electromagnetic NDT Market Size, By Method, 2014–2020 ($ Million)
Table 70 Mexico Power Generation Vertical Electromagnetic NDT Market Size, By Method, 2014–2020 ($ Million)
Table 71 Mexico Aerospace Vertical Electromagnetic NDT MarketSize, By Method, 2014–2020 ($ Million)
Table 72 Mexico Automotive Vertical Electromagnetic NDT Market Size, By Method, 2014–2020 ($ Million)
Table 73 Mexico Foundries Vertical Electromagnetic NDT Market Size, By Method, 2014–2020 ($ Million)
Table 74 Mexico Process Industries Vertical Electromagnetic NDT Market Size, By Method, 2014–2020 ($ Million)
Table 75 Mexico Others Vertical Electromagnetic NDT Market Size, By Method, 2014–2020 ($ Million)
Table 76 New Product Launches, 2012–2014
Table 77 Agreements, Partnerships, Expansions, & Contracts, 2012–2014
Table 78 Others, 2012–2014

List of Figures

Figure 1 Electromagnetic NDT Market Covered
Figure 2 Research Design
Figure 3 U.S. Light Vehicle Production
Figure 4 North American Magnetic and Electromagnetic NDT Equipment Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 North American Magnetic and Electromagnetic NDT Equipment Market Size Estimation Methodology: Top-Down Approach
Figure 6 Electromagnetic NDT Market Breakdown & Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Limitations of the Research Study
Figure 9 Roadmap for the NDT Technology
Figure 10 Automotive Vertical for the Magnetic and Electromagnetic NDT Equipment Market in North America is Expected to Grow at A CAGR of 11.58% Between 2015 and 2020
Figure 11 North America Magnetic and Electromagnetic NDT Equipment Market Share, By Key Player, 2014
Figure 12 Lucrative Opportunities in the North American Magnetic and Electromagnetic NDT Market
Figure 13 Top Three Segments in the North American Magnetic and Electromagnetic NDT Market
Figure 14 The U.S. Magnetic & Electromagnetic NDT Market is Expected to Grow at the Highest CAGR in the Coming Years
Figure 15 Automotive & Aerospace to Grow at A Faster Rate in the Coming Years
Figure 16 EDDY-Current Testing NDT Method is Projected to Grow Prominently in Forecast Period
Figure 17 Shipments for EDDY Current Testing are Expected to Increase in the Coming Years
Figure 18 Road Map for the NDT Technology
Figure 19 North American Magnetic and Electromagnetic NDT Market Segmentation, By Method
Figure 20 North American Magnetic and Electromagnetic NDT Market Segmentation, By Vertical
Figure 21 North American Magnetic and Electromagnetic NDT Market Segmentation, By Country
Figure 22 Growing Automotive and Aerospace Industry to Propel the Demand for North American Magnetic and Electromagnetic NDT Market
Figure 23 Magnetic and Electromagnetic NDT Equipment Market Value Chain Analysis (2014): Major Value is Added During the Research & Development and Manufacturing Phases
Figure 24 Shift Toward Service Industry is the Leading Trend in the North American Magnetic and Electromagnetic NDT Market
Figure 25 Porter’s Five Forces Analysis
Figure 26 Magnetic and Electromagnetic Testing Methods
Figure 27 EDDY-Current Testing is the Most Preferred NDT Testing Method in the North American Magnetic and Electromagnetic NDT Equipment Market
Figure 28 North American Magnetic and Electromagnetic NDT Market Segmentation By Vertical
Figure 29 North America Magnetic & Electromagnetic Market Snapshot
Figure 30 U.S. Magnetic and Electromagnetic NDT Market Snapshot
Figure 31 The U.S. Power Generation Market Size, By Method Snapshot
Figure 32 U.S. Others Magnetic & Electromagnetic NDT Equipment Market Snapshot
Figure 33 EDDY Current Testing Held Largest Share in Canadian Magnetic and Electromagnetic NDT Equipment Market
Figure 34 Automotive is A Dominant Vertical in Mexican Magnetic and Electromagnetic NDT Equipment Market
Figure 35 Companies Adopted Product Launch and Product Innovation as Key Growth Strategies Over the Last Three Years
Figure 36 North American Magnetic and Electromagnetic NDT Equipment Market Share,  By Key Player, 2014
Figure 37 Market Evolution Framework: New Product Developments Have Fueled Growth and Innovation in the NDT Market
Figure 38 Battle for Market Share: New Product Launche Was the Key Strategy Adopted By Companies to Expand Their Businesses
Figure 39 Geographic Revenue  Mix of  Top 3 Market  Players
Figure 40 Magnetic Analysis Corporation: SWOT Analysis
Figure 41 General Electric: Business Overview
Figure 42 General Electric Company: SWOT Analysis
Figure 43 Mistras Group, Inc.: Business Overview
Figure 44 Mistras Group, Inc..:SWOT Analysis
Figure 45 Olympus Corporation: Business Overview
Figure 46 SWOT Analysis
Figure 47 Dr. Foerster GmbH & Co. KG: SWOT Analysis

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