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Global Non-Destructive Testing Equipment Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application

Published Date: 2019-04-13   |   Pages: 148   |   Tables: 183   | Report Id: 1087282   | Hits: 61 |   Chemical & Material

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Summary

Non-destructive testing equipment is a wide group of equipment used in science and industry to evaluate the properties of a material, component or system without causing damage. Common NDT methods include ultrasonic, magnetic-particle, liquid penetrant, radiographic, remote visual inspection, eddy-current testing, and low coherence interferometry.

Non-Destructive Testing Equipment is a huge market, and the total sum of the industry is more than 1.8 Billion US dollars in 2014. Moreover, this industry continuously increases, with the development of global economy.

The United States is the largest market of Non-Destructive Testing Equipment, which occupies average 31.42 percent of global Non-Destructive Testing Equipment procedures per year. It is followed by Europe and China, which respectively have around 50 percent of the global total industry. Other main regions which take important part in this industry include Japan and some Industrial countries.

According to the research, the most potential market in the main countries of Non-Destructive Testing Equipment industry is China, determined by its rapid growth of economy. Besides, Southeast Asia, Japan and India should also be focused by the investors. They are the potential consumers of Non-Destructive Testing Equipment. India is also a rapidly developing economy.

The market of the Non-Destructive Testing Equipment is growing fast due to people’s more concentration on safety. Although the market scale is still limited at present, but the potential is considerable.

The Non-Destructive Testing Equipment market is consolidated in nature. Various players are adopting competitive strategies such as collaborations, acquisitions and capitalizing untapped opportunities in the emerging economies of India and China, to sustain and gain market penetrartion across the globe. Some key players of this market include GE Measurement & Control, Olympus Corporation, Magnaflux, YXLON, Nikon Metrology NV, Zetec, Mistras, karl deutsch, Proceq, Sonatest, Union, Dndt, Huari, Aolong, Zhongke Innovation, Quanrui, Hongxu, Siui, IDEA, Runqi.

The global Non-Destructive Testing Equipment market was 1720 million US$ in 2018 and is expected to 2580 million US$ by the end of 2025, growing at a CAGR of 5.2% between 2019 and 2025.

This report studies the Non-Destructive Testing Equipment market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Non-Destructive Testing Equipment in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

GE Measurement & Control

Olympus Corporation

Magnaflux

YXLON

Nikon Metrology NV

Zetec

Mistras

karl deutsch

Proceq

Sonatest

Union

Dndt

Huari

Aolong

Zhongke Innovation

Quanrui

Hongxu

Siui

IDEA

Runqi

By the product type, the market is primarily split into

X-Ray

ultrasonic

magnetic particle

Penetrant flaw detection

eddy current test

other

By the end users/application, this report covers the following segments

Electricity

Oil and gas

Automotive

Aerospace

Other

We can also provide the customized separate regional or country-level reports, for the following regions:

North America

United States

Canada

Mexico

Asia-Pacific

China

India

Japan

South Korea

Australia

Indonesia

Singapore

Malaysia

Philippines

Thailand

Vietnam

Rest of Asia-Pacific

Europe

Germany

France

UK

Italy

Spain

Russia

Rest of Europe

Central & South America

Brazil

Rest of Central & South America

Middle East & Africa

GCC Countries

Turkey

Egypt

South Africa

Rest of Middle East & Africa

The study objectives of this report are:

To study and analyze the global Non-Destructive Testing Equipment market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.

To understand the structure of Non-Destructive Testing Equipment market by identifying its various subsegments.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

Focuses on the key global Non-Destructive Testing Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Non-Destructive Testing Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.

To project the value and volume of Non-Destructive Testing Equipment submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Non-Destructive Testing Equipment are as follows:

History Year: 2014-2018

Base Year: 2018

Estimated Year: 2019

Forecast Year 2019 to 2025

This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Non-Destructive Testing Equipment market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders

Raw material suppliers

Distributors/traders/wholesalers/suppliers

Regulatory bodies, including government agencies and NGO

Commercial research & development (R&D) institutions

Importers and exporters

Government organizations, research organizations, and consulting firms

Trade associations and industry bodies

End-use industries

Available Customizations

With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:

Further breakdown of Non-Destructive Testing Equipment market on basis of the key contributing countries.

Detailed analysis and profiling of additional market players.

Licenses Type

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Multiple users can access the report

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