Non-Destructive Testing Equipment Market
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Global <strong>Non</strong>-<strong>Destructive</strong><br />
<strong>Testing</strong> <strong>Equipment</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2016-2026<br />
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Report Description<br />
<strong>Non</strong>-destructive testing equipment is used for evaluation and inspection of various<br />
properties of materials, components, and assemblies. As the name suggests, these<br />
equipment do not alter, or cause any damage to the materials that are subjected to<br />
evaluation.<br />
<strong>Non</strong>-destructive testing equipment are deployed to determine the properties of<br />
materials and constructions in terms of ductility, ultimate tensile strength, impact<br />
resistance, fracture toughness and fatigue strength. <strong>Non</strong>-destructive testing equipment<br />
sustains a uniform quality level and lowers the cost of production. Since <strong>Non</strong>-destructive<br />
testing equipment does not permanently alter the article being inspected, it is a highly<br />
valuable technique that can save both money and time in product evaluation, research,<br />
and troubleshooting. The various <strong>Non</strong>-destructive testing equipment methods include<br />
ultrasonic, magnetic particle, radiographic, liquid penetrant, eddy current testing, remote<br />
visual inspection, low coherence interferometry, etc.<br />
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Global <strong>Non</strong>-destructive <strong>Testing</strong> <strong>Equipment</strong> <strong>Market</strong> Segmentation<br />
The global <strong>Non</strong>-destructive testing equipment market is segmented on the basis of enduse<br />
verticals, services, technology, and geography.<br />
On the basis of end use verticals, the global non-destructive testing equipment market is<br />
segmented into petrochemical and pipe, manufacturing applications, government
Report Description<br />
infrastructure, aerospace, manufacturing applications, automotive, public safety, power<br />
generation and ‘others’.<br />
On account of services, the global non-destructive testing equipment market is<br />
segmented into training, inspection, consultation and others.<br />
On the basis of technology, the global non-destructive testing equipment market can be<br />
segmented into radiography testing, ultrasonic testing, visual testing, magnetic particle<br />
testing, liquid penetrant testing and others.<br />
On the basis of geography, the global non-destructive equipment market is segmented<br />
into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle<br />
East & Africa, and Japan.<br />
Global <strong>Non</strong>-destructive <strong>Testing</strong> <strong>Equipment</strong> <strong>Market</strong>: Drivers<br />
Increasing safety regulations for quality control, safety and reliable performance of<br />
machines are driving the adoption of <strong>Non</strong>-destructive testing equipment in end-use<br />
industries. Focus on improving the quality and longevity of the materials is also driving<br />
the growth of the market. Focus on maintaining quality and preventing breakdowns have<br />
also led to increased adoption of <strong>Non</strong>-destructive testing equipment in end-use<br />
industries. Advancement in electronics, robotics, and automation and development of<br />
user-friendly software have made these equipment more appealing to end-users.<br />
Incorporation of <strong>Non</strong>-destructive testing equipment has shown to reduce maintenance<br />
and repair costs in the long run, fuelling their demand from end-use industries.
Report Description<br />
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Global <strong>Non</strong>-destructive <strong>Testing</strong> <strong>Equipment</strong> <strong>Market</strong>: Restraints<br />
Although <strong>Non</strong>-destructive testing equipment offers good ROI in the long run, high initial<br />
investment is a deterrent for many organisations. Lack of product knowledge and skilled<br />
manpower continue to be a challenge for the adoption of these machines.<br />
Global <strong>Non</strong>-destructive <strong>Testing</strong> <strong>Equipment</strong> <strong>Market</strong>: Trends and Opportunities<br />
There are significant opportunities for existing- and new- players to differentiate their<br />
offerings through product innovation and competitive price offerings. Resurgence in<br />
development of infrastructure after the recession of 2007-08 is expected to provide<br />
ample growth opportunities to manufacturers. For many construction projects, carrying<br />
out <strong>Non</strong>-destructive testing has become an integral part of the overall process, and this<br />
trend is only going to be stronger over the forecast period. Development of automatic<br />
and laser based testing equipment are also expected to create new avenues of growth<br />
for this market.<br />
Global <strong>Non</strong>-destructive <strong>Testing</strong> <strong>Equipment</strong> <strong>Market</strong>: Key Players<br />
The major companies involved in the production and manufacturing of <strong>Non</strong>-destructive<br />
testing equipment are GE Inspection Technologies, YXLON International, Mistras, Nikon<br />
Metrology, Olympus Corporation, Eddyfi, Sonatest Ltd., Magnaflux Corporation, Zetec<br />
Inc. etc.
Report Description<br />
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