DUBLIN, Mar. 30, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/jrwsxc/global) has announced the addition of the "Global Nondestructive Testing(NDT) Equipment Market 2015-2019" report to their offering.
The Global NDT Equipment market to grow at a CAGR of 6.24% over the period 2014-2019.
NDT equipment is used to evaluate and examine the properties of an object, material, or system without damaging it. The equipment includes three major components: ultrasonic, radiography, and visual test equipment. The major end-users of NDT equipment are industries in the Power Generation, Oil and Gas, Aerospace, and Automotive sectors.
This report covers the present scenario and the growth prospects of the Global NDT Equipment market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of the following devices: ultrasonic, radiography, and visual test.
The need to manufacture customized NDT products is one major trend emerging in this market. Customization of test machines can act as a positive growth factor if vendors manage to efficiently meet customers' specific requirements.
According to the report, the need to improve quality and life of aging assets is one key factor driving growth in the market. System failures can be avoided by regularly examining assets with the help of NDT equipment and implementing early remedial measures.
Further, the report states that obtaining approval from different standard-setting organizations to implement a new technology is one major hindrance in the market. For example, when the latest NDT technology is invented, it cannot be introduced in the market directly as it has to pass certain tests to achieve the stipulated standards. This process is tedious and time-consuming, thus discouraging vendors to enter this market.
- GE Inspection Technologies
- Olympus NDT
- YXLON International
Other Prominent Vendors
- Institut Dr. Foerster
- Mistras Group
- Nikon Metrology
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product
- Market Segmentation by End-user
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/jrwsxc/global
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SOURCE Research and Markets