Non-Destructive Testing Equipment Market

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Global Non Destructive Testing Equipment: Significant Opportunities in Healthcare Industry Market By Materials, By Product, By Preparation Method, By Application and By Geography Analysis - Forecast 2019 - 2024 www.industryarc.com

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Global Non Destructive Testing Equipment: Significant Opportunities in Healthcare Industry Market 2019-2024

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Industry Market Research for Business Leaders, Strategists, Decision Makers

Press Release

Inspection and supervision of any inventory before its deployment is a necessary norm to detect defects in the product before it is commercialized. Non-destructive testing (NDT) is such a process which manages to investigate the product thoroughly causing no or minimal damage. As per a research report released from IndustryARC, the global non-destructive testing equipment market size was evaluated at $7.53 billion in 2018, and the opportunities in the same are projected to rise at a healthy compound annual growth rate (CAGR) of 6.98% during the forecast period of 2019 to 2025 as mentioned in a recent business intelligence report by IndustryARC’s market analyst. The report is titled “Non-Destructive Testing (NDT) Equipment Market: By Industry (Aerospace, Automotive, Power Generation, Others) By Application (Flaw Detection, Dimensional Measurement, Others) By Technology (Ultrasonic, Magnetic Particle, Others) & Geography – Forecast (2019 - 2025).” The report contains comprehensive insights related to trends, outlook, demands, forecast, and geographical distribution in the market. Global NDT Equipment Market: Leading Segments North America is the directing leader in the global non-destructive testing market. The region is secured with 37.91% NDT testing equipment market share in 2018. North America is a promising destination for the key players in the market owing to the growing awareness of the benefits of NDT techniques among the manufacturing companies. Among applications, public infrastructure is considered as the most lucrative application in the non-destructive testing equipment market. Prevailing public infrastructure such as at airports, bridges, canals, parks, public housing, and other public spaces are rising because of the increasing globalization and urbanization. Ensuring stability and quality in such infrastructures is paramount for public safety. Hence, employment of NDT by public infrastructures are incrementing at an application CAGR of 7.73% through to 2025. Global Non-destructive Testing Equipment Industry Analysis Non-destructive testing, Non-Destructive Examination (NDE), Non-Destructive Inspection (NDI), or Non-Destructive Evaluation (NDE) is an analysis technique applied in the evaluation of material causing minimal damage to the object. The process uses techniques such as digital radiography, ultrasonic testing, magnetic particle testing, liquid penetrant testing, radiography testing, and visual inspection to analyse the material. NDT process is radically applied in the healthcare industry. Medical imaging and medical ultrasonography are considered as some of the commonly used tools for non-destructive testing in the healthcare industry. Profits in the healthcare sector are recurring owing to the widespread of the newer disease every now and then. Other than the healthcare industry, the construction industry is mandatorily using the non-destructive testing to ensure the stability, robustness, and rigidity of infrastructure. According to the World Bank Group[1], 75% of the infrastructure that will be present in 2050 is yet to be constructed, and there is a lot of investment gap that will be filled in the coming years which will propel the demand in the NDT equipment market. With increasing urbanization and population, the expansion of demands in residential, non-residential, and infrastructure projects is augmented to drive profits in the adjacent non-destructive testing market. Global Non-destructive Testing Equipment Market Trends ·

Machine learning methods and algorithms are now being applied for quality control and predictive maintenance. The goal is to construct algorithms from training data and provide accurate and precise predictions and patterns that fit

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utterly for non-destructive evaluation. ¡

Digital sensing inspection using integrated sensors and predictive analysis is replacing the physical inspection methods. These further help to integrate precise and accurate results without causing any damage to the product. This trend is poised to disrupt the NDT equipment market.

Global Non-destructive Testing Equipment Market: Competitive Landscape Some of the key companies identified in the report that are currently holding majority shares in the non-destructive testing (NDT) equipment market Olympus Corporation, MISTRAS Group, Nikon Metrology, Ashtead Technology, YXLON International, Sonatest, Zetec, T.D. Williamson Inc., Bosello High Technology Srl, Eddyfi, Magnaflux, Fischer Technology Inc., Cygnus Instruments Ltd., NDT Global GmBH, Acuren, and LynX Inspection. Talk to one of our sales representative about the full report by providing your details in the link below: https://industryarc.com/support.php?id=190 Related Reports: a)

Automotive Non Destructive Testing (NDT) Equipment Market

https://industryarc.com/Research/GCC-Non-destructive-Testing-Equipment-MarketResearch-505791 b)

Environmental Testing Market

https://industryarc.com/Report/7455/environmental-testing-market-analysis.html c)

Explosion Proof Equipment Systems Market

https://industryarc.com/Report/109/Explosion-Proof-Equipment-Systems-MarketReport.html What can you expect from the report? The global non-destructive testing (NDT) equipment market is prepared with the main agenda to cover the following 20 points: 1. Market Size by Product Categories & Application (Revenue & Volume) 2. Market trends & Relevant Market Data

11. Demand Analysis 12. Country level Analysis

3. Manufacturer Landscape

13. Competitor Analysis

4. Distributor Landscape

14. Market Shares Analysis

5. Pricing Analysis

15. Value Chain Analysis

6. Top 10 End user Analysis

16. Supply Chain Analysis

7. Product Benchmarking

17. Strategic Analysis

8. Product Developments Landscape Analysis 9. Mergers & Acquisition Analysis

18. Current & Future Market 19. Opportunity Analysis

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10. Patent Analysis Analysis

20. Revenue and Volume

Frequently Asked Questions: Q. Does IndustryARC provide customized reports and charge additionally for limited customization? Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization: 1. Increase the level of data in application or end user industry. 2. Increase the number of countries in geography chapter. 3. Find out market shares for other smaller companies or companies which are of interest to you. 4. Company profiles can be requested based on your interest. 5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services. To request for a proposal, provide your details in the below link: https://industryarc.com/reports/request-quote?id=190 Media Contact: Mr. Venkat Reddy Sales Manager Email 1: sales@industryarc.com Or Email 2: venkat@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare. References – [1]https://www.ifc.org/wps/wcm/connect/c75bccde-252c-496f-818f6b6462d6c771/20181024-Construction-Industry-Value-Chain.pdf?MOD=AJPERES

Global Non Destructive Testing Equipment: Significant Opportunities in Healthcare Industry Market

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Industry Market Research for Business Leaders, Strategists, Decision Makers

Table of Contents 1. Non Destructive Testing Equipment Market Overview 2. Executive Summary 3. Non Destructive Testing Equipment Market Landscape 3.1. Market Share Analysis 3.2. Comparative Analysis 3.2.1. Product Benchmarking 3.2.2. End user profiling 3.2.3. Patent Analysis 3.2.4. Top 5 Financials Analysis 4. Non Destructive Testing Equipment Market Forces 4.1. Market Drivers 4.2. Market Constraints 4.3. Market Challenges 4.4. Attractiveness of the Non Destructive Testing Equipment Industry 4.4.1. Power of Suppliers 4.4.2. Power of Customers 4.4.3. Threat of New entrants 4.4.4. Threat of Substitution 4.4.5. Degree of Competition 5. Non Destructive Testing Equipment - Market Strategic Analysis 5.1. Value Chain Analysis 5.2. Pricing Analysis 5.3. Opportunities Analysis 5.4. Product/Market Life Cycle Analysis 5.5. Suppliers and Distributors 6. Non Destructive Testing Equipment - Market By End User Industries 6.1. Manufacturing 6.1.1. Mining Industry 6.1.2. Iron Foundry 6.1.3. Ship Building Industry 6.1.4. Metal industry 6.1.5. Pipe and Tube Manufacturing 6.2. Aerospace 6.3. Automotive 6.4. Petrochemical 6.5. Government Infrastructure 6.5.1. Military & Defence 6.5.2. Airport Security 6.5.3. Railway Industry 6.5.4. Nuclear Waste Storage 6.6. Power Generation 6.7. Others 7. Non Destructive Testing Equipment Market – By Application 7.1. Flaw Detection 7.2. Structural mechanics 7.3. Leak Detection 7.4. Dimensional Measurement 7.5. Estimation of Physical Properties 7.6. Weld Verification

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7.7. Chemical Composition Determination 7.8. Radiography 8. Non Destructive Testing Equipment Market – By Technology 8.1. Acoustic Emission Testing 8.2. Eddy Current Testing 8.3. Infrared and Thermal testing 8.4. Liquid Penetrant Testing 8.5. Magnetic Particle Testing 8.6. Radiography and Other X-Ray Testing 8.7. Ultrasonic Testing 8.8. Visual Testing 9. Non Destructive Testing Equipment Market - Geographic Analysis 9.1. Introduction 9.2. North America 9.2.1. USA 9.2.2. Canada 9.2.3. Others 9.3. South and Central America 9.3.1. Brazil 9.3.2. Argentina 9.3.3. Others 9.4. Europe 9.4.1. Germany 9.4.2. France 9.4.3. Russia 9.4.4. U.K 9.4.5. Others 9.5. APAC 9.5.1. China 9.5.2. India 9.5.3. Japan 9.5.4. South Korea 9.5.5. Others 9.6. ROW 10. Market Entropy 10.1. New Product Launches 10.2. M&As , JVs , Collaborations and Partnerships 11. Company Profiles 11.1. NDT Inspections 11.1.1. Team Industrial Services 11.1.2. Applus RTD 11.1.3. Acuren (part of Rockwood Service Corporation) 11.1.4. SGS SA 11.1.5. XRI Testing (part of X-Ray Industries) 11.1.6. NDTS India Pvt. Ltd. 11.1.7. Mistras Group 11.2. NDT Equipment 11.2.1. Mistras Group 11.2.2. Olympus Corp. 11.2.3. GE Measurement and Control 11.2.4. Gould Bass-Magnetech 11.2.5. Institut Dr. Foerster 11.2.6. NDTS India Pvt Ltd. 11.2.7. Nikon Metrology 11.2.8. Magnaflux 11.2.9. Sonatest Ltd. 11.2.10. Sonotron NDT 11.2.11. Zetec Inc.

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11.2.12. YXLON International *More than 10 Companies are profiled in this Research Report* "*Financials would be provided on a best efforts basis for private companies" 12. Appendix 12.1. Abbreviation 12.2. Sources 12.3. Research Methodology 12.4. Bibliography 12.5. Compilation of Expert Insights 12.6. Disclaimer

Global Non Destructive Testing Equipment: Significant Opportunities in Healthcare Industry Market

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