Global Non-Destructive Testing Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate the expansion rate of the Non-Destructive Testing market supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation for the developing segment among the industry. Non-Destructive Testing Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyze drivers and restraints and give you a vision on the Non-Destructive Testing Market forecast.
The Non-Destructive Testing Market report discusses the primary industry growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.
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The global non-destructive testing market size is anticipated to account for USD 24.3 billion by 2027, according to a new report by Million insights. Further, it is projected that the market would witness 6.5% CAGR over the forecast period. The market growth is attributed to the increasing manufacturing activities across the globe. Emerging countries, in particular, witnessing considerable rise in construction and manufacturing activities.
By detecting the fault in the components, NDT reduces the chances of failure to the end-product. By eliminating the faults beforehand, this method helps in speeding up the project’s completion. Introduction of technically advanced testing methods is further anticipated to supplement market growth.
Ultrasonic equipment is projected to register significant growth over the forecast duration owing to their easy handling capacity and ability to detect the fault with precision. This technique is projected to be deployed in the manufacturing industry on a large scale.
North America accounted for the highest share in the market in 2019, primarily because of the presence of the NDT training centers, easy availability of skilled workforce and rapidly growing manufacturing and oil & gas industries. Besides, Asia Pacific, owing to the increasing demand from China and India, would register the maximum growth over the next seven years.
Some of the companies for Non-Destructive Testing market are:
Sonatest Ltd, Nikon Metrology NV, Yxlon International, Bureau Veritas, Olympus Corp, Zetec Inc., Fischer Technologies Inc., Duemme SpA and Ashtead Technology
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