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/