Global (AMER, APAC, BRICS and EMEA) Non-Destructive Testing Equipment Market Research Report 2019-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Non-Destructive Testing Equipment Market

 

Non-destructive testing equipment is a wide group of equipment used in science and industry to evaluate the properties of a material, component or system without causing damage. Common NDT methods include ultrasonic, magnetic-particle, liquid penetrant, radiographic, remote visual inspection, eddy-current testing, and low coherence interferometry. Non-Destructive Testing Equipment is a huge market, and the total sum of the industry is more than 1.8 Billion US dollars in 2014. Moreover, this industry continuously increases, with the development of global economy. The United States is the largest market of Non-Destructive Testing Equipment, which occupies average 31.42 percent of global Non-Destructive Testing Equipment procedures per year. It is followed by Europe and China, which respectively have around 50 percent of the global total industry. Other main regions which take important part in this industry include Japan and some Industrial countries. According to the research, the most potential market in the main countries of Non-Destructive Testing Equipment industry is China, determined by its rapid growth of economy. Besides, Southeast Asia, Japan and India should also be focused by the investors. They are the potential consumers of Non-Destructive Testing Equipment. India is also a rapidly developing economy. The market of the Non-Destructive Testing Equipment is growing fast due to people's more concentration on safety. Although the market scale is still limited at present, but the potential is considerable. The Non-Destructive Testing Equipment market is consolidated in nature. Various players are adopting competitive strategies such as collaborations, acquisitions and capitalizing untapped opportunities in the emerging economies of India and China, to sustain and gain market penetrartion across the globe. Some key players of this market include GE Measurement & Control, Olympus Corporation, Magnaflux, YXLON, Nikon Metrology NV, Zetec, Mistras, karl deutsch, Proceq, Sonatest, Union, Dndt, Huari, Aolong, Zhongke Innovation, Quanrui, Hongxu, Siui, IDEA, Runqi. 
In 2019, the market size of Non-Destructive Testing Equipment is 1811.5 million US$ and it will reach 2583.2 million US$ in 2025, growing at a CAGR of 5.2% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period. 
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Non-Destructive Testing Equipment. This report studies the global market size of Non-Destructive Testing Equipment, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia). This study presents the Non-Destructive Testing Equipment production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025. For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019. 

Market Segmentation, Outlook & Regional Insights: Non-Destructive Testing Equipment Market

Segmentation by Product Type: Breakdown of data from year 2014 to 2019 and forecast until 2025:
X-Ray
ultrasonic
magnetic particle
Penetrant flaw detection
eddy current test
other

Segmentation by Application: Breakdown of data from year 2014 to 2019 and forecast until 2025:

Electricity
Oil and gas
Automotive
Aerospace
Other

Key Players, Recent Developments & Sector Viewpoints: Non-Destructive Testing Equipment Market
 
GE Measurement & Control
Olympus Corporation
Magnaflux
YXLON
Nikon Metrology NV
Zetec
Mistras
karl deutsch
Proceq
Sonatest
Union
Dndt
Huari
Aolong
Zhongke Innovation
Quanrui
Hongxu
Siui
IDEA
Runqi

Key Insights Covered: Exhaustive Non-Destructive Testing Equipment Market
1.  Market size (sales, revenue and growth rate) of Non-Destructive Testing Equipment industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Non-Destructive Testing Equipment industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Non-Destructive Testing Equipment industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Non-Destructive Testing Equipment industry.

Research Methodology: Non-Destructive Testing Equipment Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.