The Global Non-Destructive Testing Equipment Market Outlook Report is a comprehensive study of the Non-Destructive Testing Equipment industry and its future prospects.. The Non-Destructive Testing Equipment market accounted for $XX million in 2018, and is expected to reach $XX million by 2024, registering a CAGR of YY% from 2019 to 2024.
Non-destructive testing equipment are used to evaluate or inspect the materials, assemblies or components for discontinuities in characteristics without tearing down the serviceability of the part or system. These tests are often used to determine the physical properties of materials such as ductility, ultimate tensile strength, impact resistance, fatigue strength and fracture toughness. The non-destructive testing is used to ensure product reliability and integrity to control manufacturing processes. In addition, non-destructive testing equipment also lower the cost of production and sustains a uniform quality level. Stringent government safety regulations for quality control, ensure safety and reliable performance of the machines, and increasing demand to improve quality and longevity of the machines are the major factors responsible for growth of global non-destructive testing equipment market globally.
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List of key players profiled in the Non-Destructive Testing Equipment market research report:
Olympus Corporation, Magnaflux Corporation, YXLON International GmbH, Nikon Metrology NV, Mistras Group Inc., Zetec Inc., Eddyfi NDT Inc., GE Measurement & Control Solutions, Sonatest Ltd.,
Ultrasonic Testing (UT), Radiography Testing (RT), Electromagnetic Testing (ET), Visual Testing (VT), Other
By End Use Industry
Power Generation, Oil & Gas, Aerospace and Defense, Automotive, Others
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The global Non-Destructive Testing Equipment market is segmented based on product, end user, and region.
Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, Italy, Spain, France, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Taiwan, and, rest of Asia-Pacific) and EMEA (Brazil, South Africa, Saudi Arabia, UAE, rest of EMEA).
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Moreover, other factors that contribute toward the growth of the Non-Destructive Testing Equipment market include favorable government initiatives related to the use of Non-Destructive Testing Equipment. On the contrary, high growth potential in emerging economies is expected to create lucrative opportunities for the market during the forecast period.
Key Benefits for Stakeholders from Non-Destructive Testing Equipment Market Report:
This report entails a detailed quantitative analysis along with the current global Non-Destructive Testing Equipment market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
The Non-Destructive Testing Equipment market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Non-Destructive Testing Equipment industry.
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