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Global Non-Destructive Testing Equipment Market Worth $2200 Million by 2018
Date:1/28/2013

y ultrasonic, X-ray computed tomography and computed radiography technologies are expected to grow exponentially in the days to come. The vertical section covers different industries like power generation, petrochemical, oil & gas, aerospace and automotive. The industries such as aerospace, power generation and oil & gas are the major consumers of non-destructive testing equipments. The Geographical analysis covers North America, Europe, Asia-Pacific, and ROW.

The major drivers for non-contact equipment market are strong government regulations, user friendly software, continuous advancement in electronics, automation and robotics and assured return on investment. There are some restraints in the market such as high infrastructure cost and lack of product knowledge to end users. The service industry and rapid growth of infrastructure and automation are the key opportunities for the non-destructive testing market.

The major companies involved in global non-destructive testing market are GE Inspection technologies (U.S.), Olympus Corporation (Japan), YXLON international (Germany), Mistras (U.S.), Zetec (U.S.), Dr. Foerster (Germany) and Nikon metrology (U.S.).APAC will remain the leading market for non-destructive testing equipments throughout the forecasted period due to the high growth in sectors like infrastructure, power generation and aerospace incountries like India and China.

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