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
DUBLIN--(BUSINESS WIRE)--Dec 17, 2018--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 HighlightsOil & 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
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 ProfiledMISTRAS 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
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SOURCE: Research and Markets
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PUB: 12/17/2018 11:40 AM/DISC: 12/17/2018 11:41 AM