Nov 30, 2017   SOURCE: BusinessWire

Global Non-Destructive Testing Market - Expected to Reach $11.3 Billion by 2022 - Research and Markets

The "Global Non-Destructive Testing Market - By Type , Technology, Industry, Geography, Trends, Forecast - 2017 - 2022" report has been added to Research and Markets' offering.

The Global NDT market is valued at USD 7.04 billion in 2016 and is expected to reach a value of USD 11.34 billion by the end of 2022, growing at a projected CAGR of 8.26% during the forecast period of 2017 - 2022.

The NDT solutions are techniques used to test objects for flaws and inadequacies in the materials, components or system, without causing damages to it. In the recent years, governments across the globe are focusing on the safety issues and needs, to prevent accidents in the region. This equipment assures the reliability by evading the jeopardy of over-sightedness and is expected to aid in elevating the industry demand. It also assures safety for both the tester and tested products

Aging infrastructure, in developed countries like the US, the United Kingdom, Germany and France is increasingly in need of maintenance. Growing complexity of machines and structures and increasing demand from the power & energy and oil & gas industries are some of the factors driving the growth of the market. Moreover, increasing incidences of infrastructure failures like leakages in the nuclear reactor, pipeline explosion and refinery blasts, have provoked governments across the world to enact stringent safety regulations, thus driving the demand for NDT solutions. However, lack of experienced and technical workforce, economic downturn in some of the regions, lack of awareness about the solutions and high upfront costs of the equipment are some of the challenges hindering the growth of the market.

Companies Mentioned:

  • Bosello High Technology
  • Mistras Group, Inc.
  • FLIR Systems
  • Fujifilm Corporation
  • GE Measurement & Control
  • Gould-Bass Co.
  • Magnaflux
  • NDT Systems, Inc.
  • Nikon metrology
  • Olympus Corporation
  • Sonatest Ltd
  • Sonotron NDT
  • Zetec
  • YXLON International GmbH

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Market Analysis and Forecast (2016 - 2021)

6. Vendor Market Share Analysis

7. Competitive Intelligence - Company Profiles

8. Investment Analysis

9. Future of Non-Destructive Testing Market

For more information about this report visit https://www.researchandmarkets.com/research/hxff3g/global