Non-Destructive Testing Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION
A non-destructive testing equipment is used for evaluation as well as inspection of several properties of components, materials and assemblies. The equipment do not change, or damage to the material that are exposed to evaluation. Further, they are deployed to analyze the properties of materials as well as constructions with regard to ductility, impact resistance, ultimate tensile strength, fracture toughness, as well as fatigue strength.

MARKET DYNAMICS
Key factors driving the growth of non-destructive testing equipment market includes stringent safety regulations regarding quality control, reliable performance and safety of machines in the end-use industries. Further, emphasis on enhancing the quality as well as durability of the materials is another significant factor bolstering the growth of non-destructive testing equipment market. Moreover, advancements in robotics, electronics and automation, as well as, development of convenient software have resulted in high adoption of these equipment among end-users. Additionally, the incorporation of non-destructive testing equipment facilitates reduction in maintenance and repair costs thus, fueling the growth of non-destructive testing equipment market.

MARKET SCOPE
The "Global Non-Destructive Testing Equipment Market Analysis to 2031" is a specialized and in-depth study of the Non-Destructive Testing Equipment industry with a special focus on the global market trend analysis. The report aims to provide an overview of Non-Destructive Testing Equipment market with detailed market segmentation by method, technique, industry and geography. The global Non-Destructive Testing Equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Non-Destructive Testing Equipment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global Non-Destructive Testing Equipment market is segmented on the basis of method, technique and industry. Based on the method, the market is segmented into ultrasonic, radiography, visual inspection, magnetic particle testing & electromagnetic testing, eddy-current, liquid penetrant and others. On the basis of the technique, the Non-Destructive Testing Equipment market is classified into volumetric examination, surface examination and others. Further, by industry, the market is segmented into oil & gas, automotive & transportation, energy & power, aerospace & defense, infrastructure and others. REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Non-Destructive Testing Equipment market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The Non-Destructive Testing Equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Non-Destructive Testing Equipment market from both demand and supply side and further evaluates market dynamics affecting 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 SAM after evaluating political, economic, social and technological factors affecting the Non-Destructive Testing Equipment market in these regions.

Non-Destructive Testing Equipment Market Report Analysis

Non-Destructive Testing Equipment 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 Inc.
• General Electric
• Intertek Group PLC
• Mistras Group Inc.
• Nikon Metrology NV
• Olympus Corporation
• SGS SA
• Sonatest Ltd
• Yxlon International GmbH

Regional Overview

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

Market Segmentation

By Method

• Ultrasonic
• Radiography
• Visual Inspection
• Magnetic Particle and Electromagnetic
• Eddy Current
• Liquid Penetrant

By Technique

• Volumetric Examination
• Surface Examination

By Industry

• Oil Gas
• Automotive Transportation
• Energy Power
• Aerospace Defense
• Infrastructure

MARKET PLAYERS
The reports cover key developments in the Non-Destructive Testing Equipment 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 the way for the expansion of business and customer base of market players. The market payers from Non-Destructive Testing Equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for Non-Destructive Testing Equipment in the global market. Below mentioned is the list of few companies engaged in the Non-Destructive Testing Equipment market.

The report also includes the profiles of key Non-Destructive Testing Equipment 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 the last 3 years, the key development in the past five years.

• Ashtead Technology Inc.
• General Electric
• Intertek Group PLC
• Mistras Group Inc.
• Nikon Metrology NV
• Olympus Corporation
• SGS SA
• Sonatest Ltd
• Yxlon International GmbH
• 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.

Non-Destructive Testing Equipment Market Report Scope