The global NDT Equipment market was valued at US$ 2168.9 million in 2020 and it is expected to reach US$ 3637.7 million by the end of 2027, growing at a CAGR of 7.2% during 2021-2027.
Non-destructive testing or NDT is a wide group of analysis or investigation techniques used to evaluate the properties or characteristics of a component, material, or system without producing damage. The terms non-destructive inspection (NDI), non-destructive evaluation (NDE) and non-destructive examination (NDE), are also frequently used to explain this technology. As NDT does not enduringly alter the article being examined or inspected, it is a highly appreciated and valuable technique that can save both time and money in product evaluation, research, and troubleshooting.
Global NDT Equipment Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global NDT Equipment Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are NDT Global, Eddify Technologies, GE Measurement and Control, Nikon Metrology, Phoenix Inspection Systems, Fujifilm Electronic Materials, Comet Group, Magnetic Analysis, Creaform and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
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Segment by Type
- Magnetic Particle Testing
- Visual Testing
- Liquid Penetrant Testing
- Radiographic Testing
- Ultrasonic Testing
Segment by Application
- Oil & Gas
- Power Generation
Table of Content:
1 NDT Equipment Market Overview
2 NDT Equipment Market Competition by Manufacturers
3 NDT Equipment Retrospective Market Scenario by Region
4 Global NDT Equipment Historic Market Analysis by Type
5 Global NDT Equipment Historic Market Analysis by Application
6 Key Companies Profiled
7 NDT Equipment Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 NDT Equipment Market Dynamics
10 Global NDT Equipment Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta