NDT Equipment Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: NDT Global, Eddify Technologies, Nikon Metrology, Phoenix Inspection Systems

Registering a CAGR of 7.43% over the forecast period of 2022-2027, the global NDT Equipment Market is anticipated to reach the market value of USD 3,042.5 million by 2027 from USD 2,058.9 million in 2020.

NDT Equipment Market Overview

Non-Destructive testing devices are used for safety assessment and quality control purposes. Their usage has wide rewards over applications, like in aerospace (inspecting the aircraft), automotive, maintaining quality assurance, and others. The method is based on the same principle as medical radiography in a hospital. It is extensively used in chemical and petrochemical and building industries for radiographic inspection of pipes, boilers, and structures. It is working to inspect metal welding, vehicle parts, aircraft parts, and, in the airport, to examine both hold luggage and carry-on hand luggage. The NDT equipment market observed an increased demand from the power generation manufacturing, as most of these plants established have aged and were designed and constructed using the standards, materials, and components, thus, meeting industrial practices prevalent at the time of construction. Exposure to operating and environmental conditions can cause reparations to unforeseen. NDT serves as that drive to check any such flaws and help solve the problem before it elevates.

The report aspects discussed the profile of the top manufacturers of the global NDT Equipment market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined NDT Equipment Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in NDT Equipment Market?

The NDT Equipment Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market includes NDT Global, Eddify Technologies, Nikon Metrology, Phoenix Inspection Systems, GE Measurement and Control, Magnetic Analysis, Fujifilm Electronic Materials, Creaform, Comet Group

Recent Developments:

May 2021 - Nikon enhanced the Metrology’s industrial microfocus X-ray CT inspection solutions with a new offset CT reconstruction algorithm to deliver unrivalled scan speed and image resolution. Using X-ray CT for non-destructive quality control of larger components like aluminum castings or battery modules for electrical vehicles, it will shorten the inspection cycle times without compromising resolution. One prerequisite for achieving this is high X-ray intensity, or flux.

What are the major Applications, Types and Regions for NDT Equipment Market?

NDT Equipment Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Magnetic Particle Testing


• Visual Testing


• Liquid Penetrant Testing


• Radiographic Testing


• Ultrasonic Testing


• Others

By Applications it is segmented into

• Oil & Gas


• Manufacturing


• Aerospace


• Automotive


• Power Generation


• Others

NDT Equipment Market Regional Analysis

Currently, China is the world's main producer of electricity. The energy claim of the country is expected to increase, thereby provoking the growth in energy production. NDT application in the fossil fuel segment leads 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 produce fast over the forecast period.

• 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
  
  
  
  

What is our NDT Equipment Market report scope?

Scope of the Report covers NDT Equipment Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this NDT Equipment Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.

Key Takeaways from this NDT Equipment Report

• Evaluate NDT Equipment 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 NDT Equipment 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.