Final Report will add the analysis of the impact of COVID-19 on this industry.
The report titled Non-Destructive Testing (NDT) Equipment Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
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The non-destructive testing equipment market was valued at USD 2569.53 million in 2019and is expected to reach USD 4012.99 million by 2025, at a CAGR of 8.1% over the forecast period 2020- 2025.
Top Companies operating in the Global Non-Destructive Testing (NDT) Equipment market profiled in the report: MISTRAS Group, SGS Group, Fujifilm Corporation, Olympus Corporation, Bureau Veritas S.A., GE Measurement and Control, Nikon Metrology Inc., Intertek Group Plc, Applus Services, S.A., Acuren Inspection, Inc., TEAM Inc, YXLON International GmbH ( COMET Group), T†V Rheinland AG, Magnaflux Corp.
Market Segment by Applications, covers:
Oil & Gas
Power & Energy
Aerospace & Defense
Automotive & Transportation
Key Market Trends
Power & Energy Generation Industry to Witness Strong Growth
– The main scope of NDT applications in the energy and power industry is to help ensure the safety, integrity, and reliability of plant equipment, such as pressure vessels, boilers, heat exchangers, pipework, and pipelines. The inspection of concrete structures is a part of plant life assessment, as these materials often form an essential part of the construction of such plant equipment.
– The market studied is experiencing an increase in acceptance and applications in the power generation industry, due to the continuous evolution of traditional NDT techniques. These techniques, along with the increased assimilation with the technology, have made many NDT methods cost-efficient, allowing end users to cut down a part of the operations and maintenance costs.
Regional Analysis For Non-Destructive Testing (NDT) Equipment Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Non-Destructive Testing (NDT) Equipment Market Report:
-Comprehensive assessment of all opportunities and risk in the Non-Destructive Testing (NDT) Equipment market.
-Non-Destructive Testing (NDT) Equipment market recent innovations and major events.
-Detailed study of business strategies for growth of the Non-Destructive Testing (NDT) Equipment market-leading players.
-Conclusive study about the growth plot of Non-Destructive Testing (NDT) Equipment market for forthcoming years.
-In-depth understanding of Non-Destructive Testing (NDT) Equipment market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Non-Destructive Testing (NDT) Equipment market.
Non-Destructive Testing (NDT) Equipment Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Non-Destructive Testing (NDT) Equipment Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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