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Global Non-Destructive Market Forecast 2017-2025

Publisher Name :
Date: 01-Apr-2017
No. of pages: 185

Key Findings

The market for global nondestructive testing equipment market is anticipated to grow from $ 1780.86 million in 2016 to $ 3088.2 million by 2024, with a CAGR of 5.5% between 2017 and 2025. The base year considered for the study is 2016 and the forecast period is between 2017 and 2025. The market is driven by several growth factors. The need to improve quality and life of aging assets is one such factor. System failures can be avoided by regularly examining assets with the help of NDT equipment and implementing early remedial measures. Also, a rise in the demand for NDT equipment from the APAC region is another factor contributing to the market growth.

Market Insights

The global nondestructive testing equipment market is bifurcated on the basis of product i.e. ultrasonic equipment, radiography testing equipment, visual testing equipment, and other testing equipment. It is also segmented by end-user on the basis of oil & gas, power generation, aerospace and defense, automotive and transportation and others.

Regional Insights

On the basis of geography, global nondestructive testing equipment market is segmented as North America, Europe, APAC, Latin America, Middle East & Africa. North America dominates the market followed by Europe and APAC. The challenges and costs involved in constructing new infrastructure have resulted in prolonging the life of the existing infrastructure. This is a major reason that drives the market for NDT equipment, especially in North America. The steady revival of the US economy is also a major reason behind the improving conditions of various industries in the US that have influenced the NDT Equipment market positively. The major users of NDT equipment and services are European countries such as Germany, the UK, and Italy. This is attributed to the growing investment in the automotive and aerospace sectors in the region.

Competitive Insights

The top players in the global nondestructive testing equipment market are Mistras Group Inc. (USA), Nikon Corporations (Japan), GE Measurement & Control Solutions (USA), YXLON (Germany), Olympus Corporation (Japan), Magnaflux Corporation (USA), Zetec Inc. (USA), Sonatest Ltd. (UK).

Global Non-Destructive Market Forecast 2017-2025

Table of Contents

1. Research Scope
1.1. Study Goals
1.2. Who Will Find This Repor Useful?
1.3. Study and Forecasting Years
2. Research Methodology
2.1. Sources of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top Down Approach
2.3. Bottom-Up Approach
2.4. Data Triangulation
3. Executive Summary
4. Market Determinants
4.1. Market Drivers
4.1.1. Aging Assets and Infrastructure Need An Uplift
4.1.2. Increasing Focus Towards Safety Regulations and Quality Control
4.1.3. Increasing Demand From Apac
4.2. Market Restraints
4.2.1. Lack of Skilled Labor
4.2.2. High Infrastructure Cost
4.3. Market Opportunities
4.3.1. Increasing Demand For Advanced Technology
4.3.2. Rising Infrastructure In Emerging Economies
4.3.3. Power Generation - A Key Market On the Rise
4.4. Market Challenges
4.4.1. Lack of Awareness Among Consumers
4.4.2. Increased Competition From New Market Players
5. Market Segmentation
5.1. By Product
5.1.1. Ultrasonic Testing Equipment
5.1.2. Radiography Testing Equipment
5.1.3. Visual Testing Equipment
5.1.4. Others
5.2. By End-User
5.2.1. Oil & Gas
5.2.2. Power Generation
5.2.3. Aerospace and Defense
5.2.4. Automotive and Transportation
5.2.5. Others
6. Key Analytics
6.1. Porter's Analysis
6.2. Opportunity Matrix
6.3. Vendor Landscape
7. Geographical Analysis
7.1. North America
7.1.1. Us
7.1.2. Canada
7.2. Europe
7.2.1. Uk
7.2.2. Germany
7.2.3. France
7.3. Asia Pacific
7.3.1. China
7.3.2. India
7.3.3. Japan
7.4. Latin America
7.4.1. Mexico
7.4.2. Brazil
7.4.3. Argentina
7.5. Middle East & Africa
7.5.1. Uae
7.5.2. Saudi Arabia
7.5.3. South Africa
8. Competitive Analysis
8.1. Market Share
8.2. Company Profiles
8.2.1. Eddyfi
8.2.2. Ge Measurement & Control
8.2.3. Karl Storz Gmbh & Co.Kg
8.2.4. Magnaflux
8.2.5. Mistras
8.2.6. Nikon Metrology
8.2.7. Olympus Scientific Solutions Americas Inc.
8.2.8. Sonatest Ltd
8.2.9. Yxlon
8.2.10. Zetec Inc.
8.2.11. Others

List of Tables
Table 1 Global Ndt Equipment Market By Product Type 2017-2025 ($ Million)
Table 2 Global Ultrasonic Equipment Market By Region 2017-2025 ($ Million)
Table 3 Global Radiography Equipment Market By Region 2017-2025 ($ Million)
Table 4 Global Visual Equipment Market By Region 2017-2025 ($ Million)
Table 5 Global Other Equipment Market By Region 2017-2025 ($ Million)
Table 6 Global Ndt Equipment Market By End-User 2017-2025 ($ Million)
Table 7 Global Oil & Gas Market By Region 2017-2025 ($ Million)
Table 8 Global Power Generation Market By Region 2017-2025 ($ Million)
Table 9 Global Aerospace and Defense Market By Region 2017-2025 ($ Million)
Table 10 Global Automotive and Transportation Market By Region 2017-2025 ($ Million)
Table 11 Top Automobile Producing Countries
Table 12 Global Other End Users Market By Region 2017-2025 ($ Million)
Table 13 Global Ndt Equipment Market By Geography 2017-2025 ($ Million)
Table 14 North America Ndt Equipment Market By Country 2017-2025 ($ Million)
Table 15 Europe Ndt Equipment Market By Country 2017-2025 ($ Million)
Table 16 Apac Ndt Equipment Market By Country 2017-2025 ($ Million)
Table 17 Latin America Ndt Equipment Market By Country 2017-2025 ($ Million)
Table 18 Middle East & Africa Ndt Equipment Market By Country 2017-2025 ($ Million)
Table 19 Top Companies In Ndt Market

List of Figures
Figure 1 Global Nondestructive Testing Equipment By Region 2017-2025 ($ Million)
Figure 2 Global Ultrasonic Equipment Market 2017-2025 ($ Million)
Figure 3 Global Radiography Equipment Market 2017-2025 ($ Million)
Figure 4 Global Visual Equipment Market 2017-2025 ($ Million)
Figure 5 Global Other Equipment Market 2017-2025 ($ Million)
Figure 6 Global Ndt Equipment Market Share By End-User 2016
Figure 7 Global Oil & Gas Market 2017-2025 ($ Million)
Figure 8 Global Power Generation Market 2017-2025 ($ Million)
Figure 9 Top 10 Nuclear Generating Countries 2015, Billion Kwh
Figure 10 Global Aerospace and Defense Market 2017-2025 ($ Million)
Figure 11 Global Automotive and Transportation Market 2017-2025 ($ Million)
Figure 12 Global Other End Users Market 2017-2025 ($ Million)
Figure 13 Us Ndt Equipment Market 2017-2025 ($ Million)
Figure 14 Canada Ndt Equipment Market 2017-2025 ($ Million)
Figure 15 Uk Ndt Equipment Market 2017-2025 ($ Million)
Figure 16 Germany Ndt Equipment Market 2017-2025 ($ Million)
Figure 17 France Ndt Equipment Market 2017-2025 ($ Million)
Figure 18 China Ndt Equipment Market 2017-2025 ($ Million)
Figure 19 India Ndt Equipment Market 2017-2025 ($ Million)
Figure 20 Japan Ndt Equipment Market 2017-2025 ($ Million)
Figure 21 Mexico Ndt Equipment Market 2017-2025 ($ Million)
Figure 22 Brazil Ndt Equipment Market 2017-2025 ($ Million)
Figure 23 Argentina Ndt Equipment Market 2017-2025 ($ Million)
Figure 24 Uae Ndt Equipment Market 2017-2025 ($ Million)
Figure 25 Saudi Arabia Ndt Equipment Market 2017-2025 ($ Million)
Figure 26 South Africa Ndt Equipment Market 2017-2025 ($ Million)
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