Global Non-Destructive Testing (NDT) Equipment Market to Exceed $3.5 Billion by 2023 - Oil & Gas Industry in the US to Create New Opportunities - ResearchAndMarkets.com
The "Global
Non-Destructive Testing (NDT) Equipment Market - Segmented by Technology
(Radiography Testing, Ultrasonic Testing, Magnetic Particle Testing,
Liquid Penetrant Testing, etc.), End-user and Region - Growth, Trends,
and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's
offering.
The non-destructive testing (NDT) equipment market was valued at USD
2,196 million in 2017 and is expected to reach a value of USD 3,514
million by 2023, growing at a CAGR of 8.1% during the forecast period
(2018-2023).
The NDT equipment market is driven by a number of factors, such as
industry standards, increasing safety regulations, and increasing
complex geometries in products.
However, this market faces certain drawbacks, such as testing equipment
being very expensive, a lack of qualified/skilled workforce, and the
requirement of customization of NDT equipment. These factors may act as
a roadblock to the growth of the market, but plunge in aerospace
industry and oil & gas sector can be seen as an opportunity where the
industry has scope for growth in the next four years.
Key Highlights
-
Oil & Gas Industry in the US to Create New Opportunities
-
Lack of Skilled Workforce Persists to be a Drawback
-
Power Generation Industry to Witness Strong Growth
Topics Covered
1. Introduction
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Segmentation by Technology
6. Segmentation by End-user
7. Segmentation by Region
8. Vendor Market Share Analysis
9. Company Profiles
10. Investment Analysis
11. Future of the Market
Companies Profiled
-
MISTRAS Group
-
SGS Group
-
Fujifilm Corporation
-
Olympus Corporation
-
Bureau Veritas S.A.
-
GE Measurement and Control
-
Nikon Metrology N.V.
-
Intertek Group PLC
-
Applus Services S.A.
-
Acuren Inspection Inc.
-
TEAM Inc.
-
YXLON International GmbH (COMET Group)
-
TV Rheinland AG
-
Magnaflux Corp.
For more information about this report visit https://www.researchandmarkets.com/research/jvp4fx/globla?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20181217005565/en/
Copyright Business Wire 2018
Source: Business Wire
(December 17, 2018 - 11:40 AM EST)
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