December 17, 2018 - 11:40 AM EST
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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

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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

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Related Topics: Engineering


Source: Business Wire (December 17, 2018 - 11:40 AM EST)

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