Nondestructive Testing Equipment Market Size, Trends, Growth & Outlook

Nondestructive Testing Equipment Market by Testing Method (Ultrasonic Testing, Radiography Testing, Visual Inspection Testing, Magnetic Particle Testing & Electromagnetic Testing, Eddy-Current Testing, Liquid Penetrant Testing, and Others), Technique (Volumetric Examination, Surface Examination, and Others), and Industry Vertical (Oil & Gas, Energy & Power, Aerospace & Defense, Automotive & Transportation, Infrastructure, and Others): Global Opportunity Analysis and Industry Forecast, 2017 - 2025

Industry: ICT | Report ID: FAMI-00259 | Published on: Sep, 2019 | View: 1040 | Share:         

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Nondestructive testing (NDT) is the application of measurement techniques to identify defect and discontinuity in material, component, or structure. Nondestructive testing market is expected to witness considerable growth due to continuous evolution in robotics, automation, oil & gas, and electronics industry coupled with growth in need for quality-assured machines.

North America is one of the major contributors to the global NDT equipment market. Improvements in the NDT process by means of new technologies have attracted key players of this equipment market from various regions. Construction and manufacturing activity in this region drive the growth of the non-destructive testing equipment market. The rapid growth of power generation, oil & gas, and aerospace & defense industries is one of the major factors that drives the growth of the market. Growth of the non-destructive equipment market in the U.S. is primarily attributed to the increase in demand for oil & gas and power generation industries with adoption of new technologies.

The market growth is supplemented by increase in stringent safety government regulations across different geographic regions due to rise in incidences of infrastructural failures, increase in need for extending the life of obsolete infrastructure, maintenance optimization by various industries for efficient operations, and quality/safety assurance. However, high cost of equipment and lack of skilled technicians are the factors projected to impede the market growth. 

Increase in usage of advanced materials is expected to provide lucrative opportunities for the market growth.

The NDT equipment market is segmented based on testing method, technique, industry vertical, and region. Based on testing method, it is divided into ultrasonic testing, radiography testing, visual inspection testing, magnetic particle testing & electromagnetic testing, eddy-current testing, liquid penetrant testing, and others. Based on nondestructive examination (NDE) techniques, it is categorized into volumetric examination, surface examination, and others. Based on industry vertical, the market is categorized into oil & gas, energy & power, aerospace & defense, automotive & transportation, infrastructure, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include Olympus Corporation, Intertek Group PLC, SGS SA, Ashtead Technology Inc., General Electric, Sonatest Ltd., Zetec, Inc., Nikon Metrology Inc., Mistras Group Inc., and Carestream Health.
These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.

Key Benefits for Non-destructive Testing Equipment Market :

This study includes the analytical depiction of the global NDT equipment along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information regarding the key drivers, restraints, and opportunities.
The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Non-destructive Testing Equipment Market Segmentation:

By Testing Method

Ultrasonic Testing
Radiography Testing
Visual Inspection Testing
Magnetic Particle Testing & Electromagnetic Testing
Eddy-Current Testing
Liquid Penetrant Testing
Others
By Technique

Volumetric Examination
Surface Examination
Others
By Industry Vertical

Oil & Gas
Energy & power
Aerospace & Defense
Automotive & transportation
Infrastructure
Others
BY REGION

North America
U.S.
Canada
Mexico
Europe
UK
Italy
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players Profiled

Olympus Corporation
Intertek Group PLC
SGS SA
Ashtead Technology Inc.
General Electric
Sonatest Ltd
Zetec, Inc.
Nikon Metrology NV
Mistras Group Inc.
Carestream Health"

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"CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS
1.4.RESEARCH METHODOLOGY

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.PORTERS FIVE FORCES ANALYSIS
3.4.MARKET SHARE ANALYSIS (2017)
3.5.MARKET DYNAMICS

3.5.1.Drivers

3.5.1.1.Increase in oil & gas and power generation projects
3.5.1.2.Stringent safety government regulations
3.5.1.3.Maintenance optimization by various industries to ensure safety and efficient performance of the machines
3.5.1.4.Increase in need for extending the life of obsolete infrastructure

3.5.2.Restraint

3.5.2.1.Lack of skilled and qualified professionals

3.5.3.Opportunity

3.5.3.1.Increase in use of advanced NDT equipment

CHAPTER 4:NONDESTRUCTIVE TESTING EQUIPMENT MARKET, BY TESTING METHOD

4.1.OVERVIEW
4.2.ULTRASONIC TESTING

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Long Range Ultrasonic Testing
4.2.4.Time of Flight Diffraction
4.2.5.Phased Array Ultrasonic Testing
4.2.6.Others
4.2.7.Market analysis by country

4.3.RADIOGRAPHY TESTING

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Film Radiography
4.3.4.Gamma Radiography
4.3.5.X-Ray Radiography
4.3.6.Digital Radiography
4.3.7.Computed Radiography
4.3.8.Others
4.3.9.Market analysis by country

4.4.VISUAL INSPECTION TESTING

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis by country

4.5.MAGNETIC PARTICLE TESTING & ELECTROMAGNETIC TESTING

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis by country

4.6.EDDY-CURRENT TESTING

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market analysis by country

4.7.LIQUID PENETRANT TESTING

4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecast, by region
4.7.3.Market analysis by country

4.8.OTHERS

4.8.1.Key market trends, growth factors, and opportunities
4.8.2.Market size and forecast, by region
4.8.3.Market analysis by country

CHAPTER 5:NONDESTRUCTIVE TESTING EQUIPMENT MARKET, BY TECHNIQUE

5.1.OVERVIEW
5.2.VOLUMETRIC EXAMINATION

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country

5.3.SURFACE EXAMINATION

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country

5.4.OTHERS

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis by country

CHAPTER 6:NONDESTRUCTIVE TESTING EQUIPMENT MARKET, BY INDUSTRY VERTICAL

6.1.OVERVIEW
6.2.OIL & GAS

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country

6.3.ENERGY & POWER

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country

6.4.AEROSPACE & DEFENSE

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis by country

6.5.AUTOMOTIVE & TRANSPORTATION

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis by country

6.6.INFRASTRUCTURE

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis by country

6.7.OTHERS

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region
6.7.3.Market analysis by country

CHAPTER 7:NONDESTRUCTIVE TESTING EQUIPMENT MARKET, BY REGION

7.1.OVERVIEW
7.2.NORTH AMERICA

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by testing method
7.2.3.Market size and forecast, by technique
7.2.4.Market size and forecast, by industry vertical
7.2.5.Market analysis by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by testing method
7.2.5.1.2.Market size and forecast, by technique
7.2.5.1.3.Market size and forecast, by industry vertical

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by testing method
7.2.5.2.2.Market size and forecast, by technique
7.2.5.2.3.Market size and forecast, by industry vertical

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by testing method
7.2.5.3.2.Market size and forecast, by technique
7.2.5.3.3.Market size and forecast, by industry vertical

7.3.EUROPE

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by testing method
7.3.3.Market size and forecast, by technique
7.3.4.Market size and forecast, by industry vertical
7.3.5.Market analysis by country

7.3.5.1.UK

7.3.5.1.1.Market size and forecast, by testing method
7.3.5.1.2.Market size and forecast, by technique
7.3.5.1.3.Market size and forecast, by industry vertical

7.3.5.2.Italy

7.3.5.2.1.Market size and forecast, by testing method
7.3.5.2.2.Market size and forecast, by technique
7.3.5.2.3.Market size and forecast, by industry vertical

7.3.5.3.Germany

7.3.5.3.1.Market size and forecast, by testing method
7.3.5.3.2.Market size and forecast, by technique
7.3.5.3.3.Market size and forecast, by industry vertical

7.3.5.4.France

7.3.5.4.1.Market size and forecast, by testing method
7.3.5.4.2.Market size and forecast, by technique
7.3.5.4.3.Market size and forecast, by industry vertical

7.3.5.5.Russia

7.3.5.5.1.Market size and forecast, by testing method
7.3.5.5.2.Market size and forecast, by technique
7.3.5.5.3.Market size and forecast, by industry vertical

7.3.5.6.Rest of Europe

7.3.5.6.1.Market size and forecast, by testing method
7.3.5.6.2.Market size and forecast, by technique
7.3.5.6.3.Market size and forecast, by industry vertical

7.4.ASIA-PACIFIC

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by testing method
7.4.3.Market size and forecast, by technique
7.4.4.Market size and forecast, by industry vertical
7.4.5.Market analysis by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by testing method
7.4.5.1.2.Market size and forecast, by technique
7.4.5.1.3.Market size and forecast, by industry vertical

7.4.5.2.India

7.4.5.2.1.Market size and forecast, by testing method
7.4.5.2.2.Market size and forecast, by technique
7.4.5.2.3.Market size and forecast, by industry vertical

7.4.5.3.Japan

7.4.5.3.1.Market size and forecast, by testing method
7.4.5.3.2.Market size and forecast, by technique
7.4.5.3.3.Market size and forecast, by industry vertical

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by testing method
7.4.5.4.2.Market size and forecast, by technique
7.4.5.4.3.Market size and forecast, by industry vertical

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by testing method
7.4.5.5.2.Market size and forecast, by technique
7.4.5.5.3.Market size and forecast, by industry vertical

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by testing method
7.5.3.Market size and forecast, by technique
7.5.4.Market size and forecast, by industry vertical
7.5.5.Market analysis by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by testing method
7.5.5.1.2.Market size and forecast, by technique
7.5.5.1.3.Market size and forecast, by industry vertical

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by testing method
7.5.5.2.2.Market size and forecast, by technique
7.5.5.2.3.Market size and forecast, by industry vertical

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by testing method
7.5.5.3.2.Market size and forecast, by technique
7.5.5.3.3.Market size and forecast, by industry vertical

CHAPTER 8:COMPANY PROFILES

8.1.ASHTEAD TECHNOLOGY

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Product portfolio
8.1.4.Key strategic moves and developments

8.2.CARESTREAM HEALTH (ONEX CORPORATION)

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.6.Key strategic moves and developments

8.3.GENERAL ELECTRIC

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments

8.4.INTERTEK GROUP PLC

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business division
8.4.4.Product portfolio
8.4.5.Business performance
8.4.6.Key strategic moves and developments

8.5.MISTRAS GROUP INC.

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.NIKON METROLOGY NV

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance
8.6.6.Key strategic moves and developments

8.7.OLYMPUS CORPORATION

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.7.6.Key strategic moves and developments

8.8.SONATEST

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio
8.8.4.Key strategic moves and developments

8.9.SGS SA

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance
8.9.6.Key strategic moves and developments

8.10.ZETEC, INC. (ROPER TECHNOLOGIES, INC.)

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance
8.10.6.Key strategic moves and developments"

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