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GLOBAL NONDESTRUCTIVE TESTING SERVICES AND EQUIPMENT MARKET KEY DRIVEN FACTORS AND SEGMENTATION | OLYMPUS CORPORATION, MISTRAS GROUP, INC, PFINDER KG, INTERTEK GROUP PLC, NIKON METROLOGY

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This nondestructive testing services and equipment market report is a total overview of the market that takes into account various aspects of product definition, market segmentation, and the existing merchant landscape. This nondestructive testing services and equipment market report is comprehensive and encompasses a mixture of parameters of the market and this industry. Complete company profiles included in this report also highlights what are the recent developments, product launches, joint ventures, mergers, and acquisitions are taking place by the several key players and brands that are driving the market. This nondestructive testing services and equipment market research report in no doubt will help businesses for informed and better decisions and in this manner managing marketing of goods and services.Global nondestructive testing services and equipment market is expected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Remote visual inspection in aerospace increases demand, stringent safety guidelines and government protocols, automated NDT devices expected to see most demand, the power industry is boomed by continuous investment in nuclear plants and outsourcing of non-core activities and technical resource constraints driving the market. On the other hand, lack of skilled equipment operators and high cost of NDT equipment slowing down acceptance is hampering the growth of market.

Key Players 

General Electric is going to dominate the nondestructive testing services and equipment market following with Olympus Corporation, MISTRAS Group, Inc, Pfinder KG, Intertek Group plc, Nikon Metrology NV, Ashtead Technology, Sonatest, Bosello High Technology srl among others.

SEGMENTATION: GLOBAL NONDESTRUCTIVE TESTING SERVICES AND EQUIPMENT MARKET

On the basis of type, the global nondestructive testing services and equipment market is segmented into services and equipment. Services are further sub segmented into inspection, consulting, training and others. Equipment are further sub segmented into ultrasonic test equipment, radiography test equipment, visual inspection equipment, magnetic particle test equipment, penetrant test equipment, eddy current testing equipment, acoustic emission testing equipment and others. In 2018, services market segment is valued to rule with the highest market share 2025.

On the basis of mode of testing, the global nondestructive testing services and equipment market is segmented into surface testing, volumetric testing, condition monitoring and integrity inspection. In 2018, surface testing segment is valued to rule with the highest market share 2025.

On the basis of application, the global nondestructive testing services and equipment market is classified into flaw detection, leak detection, dimensional measurement, physical analysis, chemical analysis, plasma emission testing, corrosion emission testing, and others. Among these, in 2018 physical analysis dominated the market and the trend is expected to remain the same till 2025.

On the basis of industry, the global nondestructive testing services and equipment market is classified into automotive, oil and gas, energy and power, aerospace and defence and others. Among these, in 2018 oil and gas dominated the market and the trend is expected to remain the same till 2025. Among these, in 2018 oil and gas dominated the market and the trend is expected to remain the same till 2025.

Based on geography, the market is segmented into 5 geographical regions

  • North America
  • Europe
  • Asia-Pacific
  • South America and
  • Middle East & Africa

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Key Drivers:

Prominent factors driving the growth of this market consist of remote visual inspection in aerospace increases demand, stringent safety guidelines and government protocols, automated NDT devices expected to see most demand, the power industry is boomed by continuous investment in nuclear plants and outsourcing of non-core activities and technical resource constraints driving the market.

Surface testing segment is expected to grow with the highest CAGR of 8.3% in the forecast period 2018 to 2025.

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