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Global Nondestructive Testing(NDT) Equipment Market 2015-2019

Global Nondestructive Testing(NDT) Equipment Market 2015-2019

About NDT Equipment

NDT equipment is used to evaluate and examine the properties of an object, material, or system without damaging it. The equipment includes three major components: ultrasonic, radiography, and visual test equipment. The major end-users of NDT equipment are industries in the Power Generation, Oil and Gas, Aerospace, and Automotive sectors.

TechNavio's analysts forecast the Global NDT Equipment market to grow at a CAGR of 6.24 percent over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global NDT Equipment market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of the following devices: ultrasonic, radiography, and visual test.

TechNavio's report, Global NDT Equipment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global NDT Equipment market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors

  • GE Inspection Technologies
  • Magnaflux
  • Olympus NDT
  • YXLON International
Other Prominent Vendors
  • Institut Dr. Foerster
  • Mistras Group
  • Nikon Metrology
  • Zetec
Market Driver
  • Need to Improve Quality and Life of Aging Asset
  • For a full, detailed list, view our report
Market Challenge
  • Approval from Different Standards to Use New Technology
  • For a full, detailed list, view our report
Market Trend
  • Rapid Technological Advancements
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

TechNavio Announces the Publication of its Research Report – Global NDT Equipment Market 2015-2019

TechNavio recognizes the following companies as the key players in the Global NDT Equipment Market: GE Measurement & Control, Magnaflux Corp., Olympus Inc. and YXLON Inc.

Other Prominent Vendors in the market are: Institut Dr. Foerster, Mistras Group, Nikon Metrology and Zetec.

Commenting on the report, an analyst from TechNavio’s team said: “The need to manufacture customized NDT products is one major trend emerging in this market. Customization of test machines can act as a positive growth factor if vendors manage to efficiently meet customers' specific requirements.”

According to the report, the need to improve quality and life of aging assets is one key factor driving growth in the market. System failures can be avoided by regularly examining assets with the help of NDT equipment and implementing early remedial measures.

Further, the report states that obtaining approval from different standard-setting organizations to implement a new technology is one major hindrance in the market. For example, when the latest NDT technology is invented, it cannot be introduced in the market directly as it has to pass certain tests to achieve the stipulated standards. This process is tedious and time-consuming, thus discouraging vendors to enter this market.

Companies Mentioned

GE Inspection Technologies, Magnaflux, Olympus NDT, YXLON International , Institut Dr. Foerster, Mistras Group, Nikon Metrology, Zetec

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
      • Table Global NDT Equipment Market by Product
      • Table Segmentation of Global NDT Equipment Market by End-user
      • Table Segmentation of Global NDT Equipment Market by Geography
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
  • Market Landscape
    • Market Size and Forecast
      • Table Global NDT Equipment Market 2014-2019 (US$ million)
    • Five Forces Analysis
  • Market Segmentation by Product
    • Table Global NDT Equipment Market by Product Type 2014
    • Table Global NDT Equipment Market by Product Segmentation 2014-2019
    • Global NDT Equipment Market by UT Equipment
      • Market Size and Forecast
        • Table Global NDT Equipment Market by UT Equipment 2014-2019 (US$ million)
    • Global NDT Equipment Market by Radiography Testing Equipment
      • Market Size and Forecast
        • Table Global NDT Equipment Market by Radiography Testing Equipment 2014-2019 (US$ million)
    • Global NDT Equipment Market by Visual Testing Equipment
      • Market Size and Forecast
        • Table Global NDT Equipment Market by Visual Testing Equipment 2014-2019 (US$ million)
  • Market Segmentation by End-user
    • Table Global NDT Equipment Market by End-user Segmentation 2014
    • Table Global NDT Equipment Market by End-user Segmentation 2014-2019
    • Global NDT Equipment Market in Power Generation Industry
      • Market Size and Forecast
        • Table Global NDT Equipment Market in Power Generation Industry 2014-2019 (US$ million)
    • Global NDT Equipment Market in Oil and Gas Industry
      • Market Size and Forecast
        • Table Global NDT Equipment Market in Oil and Gas Industry 2014-2019 (US$ million)
    • Global NDT Equipment Market in Others Industry
      • Market Size and Forecast
        • Table Global NDT Equipment Market in Others Industry 2014-2019 (US$ million)
  • Geographical Segmentation
    • Table Global NDT Equipment Market by Geographical Segmentation 2014
    • Table Global NDT Equipment Market by Geographical Segmentation 2014-2019
    • NDT Equipment Market in North America
      • Market Size and Forecast
        • Table NDT Equipment Market in North America 2014-2019 (US$ million)
    • NDT Equipment Market in Europe
      • Market Size and Forecast
        • Table NDT Equipment Market in Europe 2014-2019 (US$ million)
    • NDT Equipment Market in APAC Region
      • Market Size and Forecast
        • Table NDT Equipment Market in APAC Region 2014-2019 (US$ million)
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Key News
    • Key Vendors
    • Other Prominent Vendors
  • Key Vendor Analysis
    • GE Measurement & Control
      • Key Facts
      • Business Overview
      • Key Product Lines
        • Table GE Measurement & Control: Key Product Lines
      • Key Services
        • Table GE Measurement & Control: Key Services
      • Geographical Presence
        • Table GE Measurement & Control: Geographical Presence
      • Recent Developments
      • SWOT Analysis
    • Magnaflux
      • Key Facts
      • Business Overview
      • Key Product Lines
        • Table Magnaflux: Key Product Lines
      • Key Distributors
        • Table Magnaflux: Key Distributors
      • Geographical Presence
        • Table Magnaflux: Geographical Presence
      • SWOT Analysis
    • Olympus
      • Key Facts
      • Business Overview
      • Key Product Lines
        • Table Olympus: Key Product Lines
      • Key Products
        • Table Olympus: Key Products
      • Recent Developments
      • SWOT Analysis
    • YXLON
      • Key Facts
      • Business Overview
      • Key Product Offerings
        • Table YXLON: Key Product Offerings
      • Key Applications
        • Table YXLON: Key Applications
      • Geographical Presence
        • Table YXLON: Geographical Presence
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

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