Market Research Logo

Eddy Current Testing Market by Type (Conventional Eddy Current, ACFM, RFT, Eddy Current Array, Pulsed Eddy Current, Near-Field Testing, Near-Field Array, Partial Saturation Eddy Current), Service, Vertical, and Geography - Global Forecast to 2022

Eddy Current Testing Market by Type (Conventional Eddy Current, ACFM, RFT, Eddy Current Array, Pulsed Eddy Current, Near-Field Testing, Near-Field Array, Partial Saturation Eddy Current), Service, Vertical, and Geography - Global Forecast to 2022

“Eddy current testing market expected to grow at a high CAGR during the forecast period”
The eddy current testing (ECT) market is size is expected to be valued at USD 1,682.9 million by 2022, at a CAGR of 9.82% between 2016 and 2022. One of the driving factors of this market is growth in the aerospace industry. ECT is largely carried out in the aerospace industry for inspection purpose. Increasing infrastructure opportunities in the emerging countries is another factor that would encourage the demand for ECT testing.

“Market for the manufacturing vertical expected to grow rapidly in the near future”
The manufacturing sector is expected to grow rapidly during the forecast period between 2016 and 2022. This sector is expected to be driven by government policies for non-destructive testing and increased safety awareness in industries. Manufacturing sector would have great opportunities in BRIC countries. The increasing demand from the power generation industry for the inspection of heat exchangers, tanks, and other equipment is also acting as a driving factor for the ECT market.

“APAC to be the fastest-growing market for eddy current testing”
The market in APAC is expected to grow at a high CAGR 11.59% between 2016 and 2022. The growth is attributed to the large infrastructure projects and increasing manufacturing sector in this region. The market in India is expected to grow at the highest CAGR between 2016 and 2022. The construction of new power plants to meet the growing demands for energy is expected to be the key factor for the growth of the ECT market in APAC.

Break-up of profiles of primary participants for the report is given below:
By Company Type: Tier 1 – 18%, Tier 2 – 31%, and Tier 3 – 51%
By Designation: C-Level Executives –40%, Directors – 26%, Managers – 34%
By Region: North America - 51%, Europe – 32%, APAC – 12%, RoW – 5%

The key players in this market include General Electric Company (U.S.), Olympus Corporation (Japan), Eddyfi NDT Inc. (Canada), Ashtead Technology Ltd. (U.K.), Fidgeon ltd (U.K.), Magnetic Analysis ltd (U.S.), Ether NDE Ltd. (U.K.), Zetec Inc. (U.S.), IGB NDT System Corporation (U.S.), Mistras Group Inc. (U.S.), and TUV Rheinland (Germany) among others.

Reasons to Buy the Report:
This report includes the market statistics pertaining to type, service, vertical, and geography.
The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into this market.
Major drivers, restraints, opportunities, and challenges for the ECT market have been detailed in this report.
Illustrative segmentation, analyses, and forecast have been conducted for the market based on the technique, method, service, vertical, and geography to give an overall view of the non-destructive testing market.
The detailed competitive landscape includes key players, in-depth analysis, and revenue of key players.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • ECT MARKET, BY GEOGRAPHY
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • LUCRATIVE OPPORTUNITIES IN THE ECT MARKET
    • ECT MARKET - COMPARISON OF GROWTH PATTERN OF ECT SERVICES
    • ECT MARKET IN APAC IN 2015
    • MARKET SHARE OF MAJOR COUNTRIES AND REGIONS, 2015
    • ECT MARKET, BY TYPE, 2016 VS. 2022
  • MARKET OVERVIEW
    • INTRODUCTION
    • EVOLUTION OF ECT
    • MARKET SEGMENTATION
      • BY TYPE
      • BY SERVICE
      • BY VERTICAL
      • BY GEOGRAPHY
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF RIVALRY
  • MARKET, BY TYPE
    • INTRODUCTION
      • Table EDDY CURRENT TESTING MARKET, BY TYPE & SERVICE, 2013-2022 (USD MILLION)
      • Table EDDY CURRENT TESTING MARKET, BY TYPE, 2013-2022 (USD MILLION)
    • CONVENTIONAL EDDY CURRENT TESTING
      • Table ECT MARKET FOR CEC, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR CEC, BY REGION, 2013-2022 (USD MILLION)
    • ALTERNATING CURRENT FIELD MEASUREMENT (ACFM)
      • Table ECT MARKET FOR ACFM, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR ACFM, BY REGION, 2013-2022 (USD MILLION)
    • REMOTE FIELD TESTING (RFT)
      • Table ECT MARKET FOR RFT, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR RFT, BY REGION, 2013-2022 (USD MILLION)
    • EDDY CURRENT ARRAY (ECA)
      • Table ECT MARKET FOR ECA, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR ECA, BY REGION, 2013-2022 (USD MILLION)
    • PULSED EDDY CURRENT TESTING
      • Table ECT MARKET FOR PEC, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR PEC, BY REGION, 2013-2022 (USD MILLION)
    • NEAR-FIELD TESTING (NFT)
      • Table ECT MARKET FOR NFT, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR NFT, BY REGION, 2013-2022 (USD MILLION)
    • NEAR-FIELD ARRAY (NFA)
      • Table ECT MARKET FOR NFA, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR NFA, BY REGION, 2013-2022 (USD MILLION)
    • PARTIAL SATURATION EDDY CURRENT (PSEC)
      • Table ECT MARKET FOR PSEC, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR PSEC, BY REGION, 2013-2022 (USD MILLION)
  • MARKET, BY SERVICE
    • INTRODUCTION
      • Table EDDY CURRENT TESTING MARKET, BY SERVICE, 2013-2022 (USD MILLION)
    • INSPECTION SERVICES
      • ADVANCED EDDY CURRENT INSPECTION
        • Table ECT MARKET FOR INSPECTION SERVICES, BY VERTICAL, 2013-2022 (USD MILLION)
        • Table ECT MARKET FOR INSPECTION SERVICES, BY REGION, 2013-2022 (USD MILLION)
    • EQUIPMENT RENTAL SERVICES
      • Table ECT MARKET FOR EQUIPMENT RENTAL SERVICES, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ECT MARKET SIZE FOR EQUIPMENT RENTAL SERVICES, BY REGION, 2013-2022 (USD MILLION)
    • CALIBRATION SERVICES
      • Table ECT MARKET FOR CALIBRATION SERVICES, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR CALIBRATION SERVICES, BY REGION, 2013-2022 (USD MILLION)
    • TRAINING SERVICES
      • Table ECT MARKET FOR TRAINING SERVICES, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR TRAINING SERVICES, BY REGION, 2013-2022 (USD MILLION)
  • MARKET, BY VERTICAL
    • INTRODUCTION
      • Table INDUSTRIES WITH TESTING REQUIREMENTS
      • Table EDDY CURRENT TESTING MARKET FOR TYPES AND SERVICES, BY VERTICAL, 2013-2022 (USD MILLION)
    • MANUFACTURING
      • Table ECT MARKET FOR MANUFACTURING VERTICAL, BY TYPE, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR MANUFACTURING VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR MANUFACTURING VERTICAL, BY REGION, 2013-2022 (USD MILLION)
    • OIL & GAS
      • SUBSEA PIPELINES
      • STORAGE TANKS
        • Table ECT MARKET FOR OIL & GAS VERTICAL, BY TYPE, 2013-2022 (USD MILLION)
        • Table ECT MARKET FOR OIL & GAS VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
        • Table ECT MARKET FOR OIL & GAS VERTICAL, BY REGION, 2013-2022 (USD MILLION)
    • AEROSPACE
      • MILITARY AEROSPACE
        • Table ECT MARKET FOR AEROSPACE VERTICAL, BY TYPE, 2013-2022 (USD MILLION)
        • Table ECT MARKET FOR AEROSPACE VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
        • Table ECT MARKET FOR AEROSPACE VERTICAL, BY REGION, 2013-2022 (USD MILLION)
    • GOVERNMENT INFRASTRUCTURE
      • INSPECITON OF BRIDGES
        • Table ECT MARKET FOR GOVERNMENT INFRASTRUCTURE VERTICAL, BY TYPE, 2013-2022 (USD MILLION)
        • Table ECT MARKET FOR GOVERNMENT INFRASTRUCTURE VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
        • Table ECT MARKET FOR GOVERNMENT INFRASTRUCTURE VERTICAL, BY REGION, 2013-2022 (USD MILLION)
    • AUTOMOTIVE
      • Table ECT MARKET FOR AUTOMOTIVE VERTICAL, BY TYPE, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR AUTOMOTIVE VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
      • Table ECT MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2013-2022 (USD MILLION)
    • POWER GENERATION
      • NUCLEAR POWER TO BE A MAJOR DRIVER FOR THE GROWTH OF ECT IN THE POWER GENERATION VERTICAL
      • WIND TURBINES
        • Table ECT MARKET FOR POWER GENERATION VERTICAL, BY TYPE, 2013-2022 (USD MILLION)
        • Table ECT MARKET FOR POWER GENERATION VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
        • Table ECT MARKET FOR POWER GENERATION VERTICAL, BY REGION, 2013-2022 (USD MILLION)
    • OTHER VERTICALS
      • MARINE
      • HEALTHCARE
      • PLASTIC AND POLYMER
        • Table ECT MARKET FOR OTHER VERTICALS, BY TYPE, 2013-2022 (USD MILLION)
        • Table ECT MARKET FOR OTHER VERTICALS, BY SERVICE, 2013-2022 (USD MILLION)
        • Table ECT MARKET FOR OTHER VERTICALS, BY REGION, 2013-2022 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table EDDY CURRENT TESTING MARKET, BY REGION, 2013-2022 (USD MILLION)
    • NORTH AMERICA
      • Table EDDY CURRENT TESTING MARKET IN NORTH AMERICA, BY TYPE, 2013-2022 (USD MILLION)
      • Table EDDY CURRENT TESTING MARKET IN NORTH AMERICA, BY SERVICE, 2013-2022 (USD MILLION)
      • Table EDDY CURRENT TESTING MARKET IN NORTH AMERICA, BY VERTICAL, 2013-2022 (USD MILLION)
      • U.S.
      • CANADA
      • MEXICO
        • Table EDDY CURRENT TESTING MARKET IN NORTH AMERICA, BY COUNTRY, 2013-2022 (USD MILLION)
    • EUROPE
      • Table EDDY CURRENT TESTING MARKET IN EUROPE, BY TYPE, 2013-2022 (USD MILLION)
      • Table EDDY CURRENT TESTING MARKET IN EUROPE, BY SERVICE, 2013-2022 (USD MILLION)
      • Table EDDY CURRENT TESTING MARKET IN EUROPE, BY VERTICAL, 2013-2022 (USD MILLION)
      • U.K.
      • GERMANY
      • FRANCE
      • ITALY
      • REST OF EUROPE
        • Table EDDY CURRENT TESTING MARKET IN EUROPE, BY COUNTRY, 2013-2022 (USD MILLION)
    • ASIA-PACIFIC
      • Table EDDY CURRENT TESTING MARKET IN APAC, BY TYPE, 2013-2022 (USD MILLION)
      • Table EDDY CURRENT TESTING MARKET IN APAC, BY SERVICE, 2013-2022 (USD MILLION)
      • Table EDDY CURRENT TESTING MARKET IN APAC, BY VERTICAL, 2013-2022 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF APAC
        • Table EDDY CURRENT TESTING MARKET IN APAC, BY COUNTRY, 2013-2022 (USD MILLION)
    • REST OF THE WORLD
      • Table EDDY CURRENT TESTING MARKET IN ROW, BY TYPE, 2013-2022 (USD MILLION)
      • Table EDDY CURRENT TESTING MARKET IN R)W, BY SERVICE, 2013-2022 (USD MILLION)
      • Table EDDY CURRENT TESTING MARKET IN ROW, BY VERTICAL, 2013-2022 (USD MILLION)
      • SOUTH AMERICA
      • MIDDLE EAST
      • AFRICA
        • Table EDDY CURRENT TESTING MARKET IN ROW, BY REGION, 2013-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
      • Table MARKET RANKING, 2015
    • COMPETITIVE SITUATION AND TRENDS
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2013-2016
      • AGREEMENTS, PARTNERSHIPS, AND CONTRACTS
        • Table AGREEMENTS, CONTRACTS, PARTNERSHIPS, AND COLLABORATIONS, 2013-2016
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2013-2016
      • EXPANSIONS
        • Table EXPANSIONS, 2013-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • GENERAL ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OLYMPUS CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENT
      • MNM VIEW
    • ASHTEAD TECHNOLOGY INC.
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MISTRAS GROUP INC.
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EDDYFI NDT INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ETHER NDE LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ZETEC INC.
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • RECENT DEVELOPMENTS
    • TUV RHEINLAND AG
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • IBG NDT SYSTEMS CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • FIDGEON LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • MAGNETIC ANALYSIS CORPORATION INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report