Eddy Current Testing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Eddy current testing is a type of electromagnetic testing used in non-destructive testing. In eddy current testing, electromagnetic induction is used to determine surface and sub-surface flaws in conductive materials. The growing safety regulations by the government is one of the major driving factor supporting the growth of eddy current testing market. The eddy current testing is becoming popular owing to the advantages offered by it, such as sensitivity to surface defects, accurate conductivity measures, ability to detect through surface coatings, and portability.

MARKET DYNAMICS

Advancements in ECT technologies, stringent government regulations, and growing infrastructural development are the major factors that are expected to drive the growth of the eddy current testing market. However, lack of skilled workforce is acting as a major restraining factor in the market. The fall in prices for oil and gas is creating challenges for the eddy current testing market.

MARKET SCOPE


The "Global Eddy current testing Market Analysis to 2031" is a specialized and in-depth study of the Eddy current testing industry with a special focus on the global market trend analysis. The report aims to provide an overview of Eddy current testing market with detailed market segmentation by type, service, industry vertical and geography. The global eddy current testing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Eddy current testing market players and offers key trends and opportunities in the Eddy current testing market.

MARKET SEGMENTATION

The global eddy current testing market is segmented on the basis of type, service, and industry vertical. On the basis of type the market is segmented as Conventional Eddy Current Testing, Alternating Current Field Measurement (ACFM), Remote Field Testing (RFT), Eddy Current Array (ECA), Pulsed Eddy Current Testing, Near-Field Testing (NFT), Near-Field Array (NFA), Partial Saturation Eddy Current (PSEC). Based on service the market is segmented as Inspection services, equipment rental services, calibration services, and training services. Based on industry vertical the market is segmented as manufacturing, oil and gas, automotive, power generation, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Eddy current testing market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Eddy current testing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting eddy current testing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Eddy current testing market in these regions.

Eddy Current Testing Market Report Analysis

Eddy Current Testing Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Ashtead Technology Ltd
• Eddyfi
• ETher NDE
• Fidgeon Ltd
• ibg NDT Systems
• Magnetic Analysis Corporation
• MISTRAS Group, Inc.
• OLYMPUS CORPORATION
• TÜV Rheinland

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Conventional Eddy Current Testing
• Alternating Current Field Measurement
• Remote Field Testing
• Eddy Current Array
• Pulsed Eddy Current Testing
• Near-Field Testing
• Near-Field Array
• Partial Saturation Eddy Current

By Service

• Inspection Services
• Equipment Rental Services
• Calibration Services
• Training Services

By Industry Vertical

• Manufacturing
• Oil and Gas
• Automotive
• Power Generation

MARKET PLAYERS

The reports cover key developments in the Eddy current testing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Eddy current testing market are anticipated to lucrative growth opportunities in the future with the rising demand for Eddy current testing in the global market. Below mentioned is the list of few companies engaged in the Eddy current testing market.

The report also includes the profiles of key Eddy current testing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- Ashtead Technology Ltd
- Eddyfi
- Ether NDE
- Fidgeon Ltd
- IBG NDT Systems
- Magnetic Analysis Corporation
- Mistras Group, Inc.
- Olympus Corporation
- TÜV Rheinland
- Zetec, Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Eddy Current Testing Market Report Scope