Nondestructive testing is a wide group of analysis
techniques used to evaluate properties of components, systems and materials
without altering the original properties. These testing technologies are
gaining popularity due to its time and cost saving benefits over other material
testing technologies. NDT testing methods include ultrasonic, remote visual
inspection (RVI), liquid penetrant, magnetic-particle, eddy-current testing,
low coherence interferometry and radiographics. NDT is comprehensively used in mechanical,
forensic, electrical, systems, civil, and aeronautical engineering as well as
art and medicine.
The NDT equipment industry represents huge growth
potential in the future as it is one of the less impacted industries at times
of financial crisis. The demand for NDT equipments used in inspections and
quality checks observed an upward growth and is expected to grow at a
significant rate due to the increasing importance for quality control among
industry players across various verticals. North America is the largest
regional market for NDT equipments due to stringent safety regulations
implemented by the government which forces manufacturers to frequently engage
in inspection activities. Asia-Pacific is expected to experience the
fastest growth due to rapid growth in infrastructure, aerospace and power
generation sectors particularly in emerging countries such as India, China and
Indonesia.
Advancement in inspection software will further
increase the demand for these equipments. Some of the key driving factors for
this market are increasing demand for automation, assured return on investment
and advancement in electronics. Some of the major challenges for the growth of
this market are high inspection cost and lack of product knowledge. The rapidly
growing service and automation industry represent the most potential end users
for this market. Key players in this industry include YXLON international, GE
Inspection technologies, Olympus Corporation, Nikon metrology, Mistras, Zetec,
and Dr. Foerster.
.
This research report analyzes this market depending on
its market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North
America
- Asia
Pacific
- Europe
- Rest
of the World
This report provides comprehensive analysis
of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in
the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments
in technology, Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed
value chain analysis.
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nice post it interesting i like that one Non Destructive Testing Equipment
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