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

MARKET INTRODUCTION

Ultrasonic testing is a nondestructive test method that uses high sound frequency to make measurements and conduct examinations. Increasing the adoption of ultrasonic testing equipment in the oil & gas industry can result in a higher demand for ultrasonic testing equipment. The mounting focus on pipeline safety is growing the adoption of innovative technologies and best practices which, in turn, will boost the demand for the ultrasonic testing equipment market. In contrast to other alternative radiography examination methodology, ultrasonic testing is safe and less time-consuming.

MARKET DYNAMICS

The increasing stringency of regulations relating to the integrity and safety of oil & gas pipelines has is the significant factor driving the growth of the ultrasonic testing equipment market. However, non-suitability for all kinds of surfaces is one of the major factor restraining the growth of the ultrasonic testing equipment market. With the increasing need for power, both in the industrial and residential sectors, the demand for ultrasonic test equipment is anticipated to boost the growth of market.

MARKET SCOPE

The "Global Ultrasonic Testing Equipment Market Analysis to 2031" is a specialized and in-depth study of the ultrasonic testing equipment market with a special focus on the global market trend analysis. The report aims to provide an overview of ultrasonic testing equipment market with detailed market segmentation by product, component, technique, end-user. The global ultrasonic 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 ultrasonic testing equipment market players and offers key trends and opportunities in the ultrasonic testing equipment market.

MARKET SEGMENTATION

The global ultrasonic testing equipment market is segmented on the basis of product, component, technique, end-user. On the basis of product, the market is segmented as flaw detectors, thickness gauges, ultrasonic scanners, others. On the basis of component, the market is segmented as hardware, services. On the basis of technique, the market is segmented as conventional, advanced. On the basis of end-user, the market is segmented as oil and gas, aerospace and defense, power generation, automotive, manufacturing, 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 ultrasonic testing equipment 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 ultrasonic testing equipment 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 ultrasonic testing equipment 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 Ultrasonic testing equipment market in these regions.

MARKET PLAYERS

The reports cover key developments in the ultrasonic 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 way for expansion of business and customer base of market players. The market players from ultrasonic testing equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for ultrasonic testing equipment market. Below mentioned is the list of few companies engaged in the ultrasonic testing equipment market.

The report also includes the profiles of key ultrasonic testing equipment market 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.

- Amerapex Corporation
- Cygnus Instruments Inc.
- Eddyfi NDT Inc.
- NDT Systems. Inc.
- OLYMPUS CORPORATION
- Sonatest Ltd
- SONOTEC GmbH
- TecScan.ca
- Zeal International
- 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.

Ultrasonic Testing Equipment Report Scope