Non-Destructive Testing Instruments Market - Growth, Trends And Forecast (2021 - 2026) By Types, By Application, By Regions and By Key Players: General Electric, Olympus Corporation, Mistras, Nikon

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Non-Destructive Testing Instruments Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 7% during the review period (2022 to 2027).

Non-Destructive Testing Instruments Market Overview

The United States is the largest market of Non-Destructive Testing Instruments, which occupies average 38.79 percent of global Non-Destructive Testing Instruments procedures per year. It is followed by Europe and Japan, which have around 43 percent of the global total industry. Other main regions which take important part in this industry include China and some Industrial countries.

According to the research, the most potential market in the main countries of Non-Destructive Testing Instruments 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 Instruments. India is also a rapidly developing economy.

The market of the Non-Destructive Testing Instruments 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.

Who are the Major Players in the Non-Destructive Testing Instruments Market?

Top Key players in the Non-Destructive Testing Instruments Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Non-Destructive Testing Instruments Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes General Electric, Olympus Corporation, Mistras, Nikon, Magnaflux, YXLON, Fujifilm, Sonatest, Zetec, Inc, Bosello High Technology srl, Union and others.

Industry News:

General Electric

New Non-Destructive Testing Application Center Opens In Saudi Arabia

In conjunction with its local partner, Abdulla Fouad Holding Co, GE Sensing & Inspection Technologies is proud to announce the opening of a new $1 million non-destructive testing application center in Dammam, Saudi Arabia. 

What are the major Applications, Types and Regions for Non-Destructive Testing Instruments Market?

By Type, it is segmented into

• Aerospace & Defense Industry


• Automotive Industry


• Oil & Gas Industry


• Infrastructure Industry


• Power Generation Industry


• Others

By Applications

• Ultrasonic Test Equipment


• Magnetic Particle Test Equipment


• Visual Inspection Equipment


• Radiography Test Equipment


• Penetrant Test Equipment


• Others 


• Others

Non-Destructive Testing Instruments Market Regional Analysis

Currently, China is the world's largest producer of electricity. The energy demand of the country is expected to increase, thereby provoking the growth in energy production. NDT application in the fossil fuel segment dominates the market. Also there has been an increased count in aging infrastructure in the country, making it essential for the use of NDT equipment to identify and secure the integrity of these structures. As a result, the NDT service in the country is expected to grow rapidly over the forecast period.

India has the fifth-largest power generation capacity in the world. The country ranks third, globally, in terms of electricity production. The Indian national electric grid has an installed capacity of 382.15 GW as of March 2021. This implies that the current demand for NDT equipment is dominated by the fossil fuel sector, with nuclear energy-based NDT equipment slowly gaining momentum.

All these factors greatly affect the Non-Destructive Testing Instruments Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Non-Destructive Testing Instruments Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Non-Destructive Testing Instruments Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Non-Destructive Testing Instruments Market report scope?

Key Takeaways from this Healthcare IT Report

• Evaluate Non-Destructive Testing Instruments Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Non-Destructive Testing Instruments Market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Non-Destructive Testing Instruments Market is studied from 2017 - 2027.

What is the growth rate of Non-Destructive Testing Instruments Market?

The Non-Destructive Testing Instruments Market is growing at a CAGR of 7% over the next 5 years.

Who are the key players in Non-Destructive Testing Instruments Market?

General Electric, Olympus Corporation, Mistras, Nikon, Magnaflux, YXLON, Fujifilm, Sonatest, Zetec, Inc, Bosello High Technology srl, Union

What region does this Non-Destructive Testing Instruments Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Non-Destructive Testing Instruments Market?

Aerospace & Defense Industry, Automotive Industry, Oil & Gas Industry, Infrastructure Industry, Power Generation Industry, Others,Others

What are the major Applications of Non-Destructive Testing Instruments Market?

Ultrasonic Test Equipment, Magnetic Particle Test Equipment, Visual Inspection Equipment, Radiography Test Equipment, Penetrant Test Equipment, Others