Nondestructive testing or Non-destructive testing (NDT) is a wide group of analysis techniques used in science and industry to reveal surface & some sub-surface defects within engineering materials, components and structural parts without causing damage, through their reactions to heat, sound, light, electricity, magnetism, etc. to judge and evaluate type, nature, number, shape, position, size, distribution and variation of flaws tested. Nondestructive testing is mainly used in industrial sectors closely linked with national economic development, such as steel, machinery and equipment manufacturing, petrochemicals, rail transport, shipbuilding, aerospace, and power.
Despite the global economic downturn, the nondestructive testing industry still maintains a high growth rate. In 2009-2013, the global nondestructive testing (including equipment & services) market size grew at a CAGR of 8.8%, hitting USD6.57 billion in 2013 with a yr-on-yr growth rate of approximately 9%. And services have been the mainstay, basically accounting for two-thirds of the total market size.
We can provide sample pages for the better understanding of this report. Request Sample of This Report, kindly Visit at http://www.marketresearchreports.biz/sample/sample/228396
The Chinese nondestructive testing market has arisen lately on the basis of introducing equipment and technology from abroad, but accompanied by rapid development. As of the end of 2013, more than 2,000 enterprises in China had set foot in the nondestructive testing, claiming 10% worldwide market share.
The world’s major NDT equipment or service companies have set up offices, agencies or subsidiaries in China, including Japan-based Olympus and Hamamatsu, USA-based FLIR Systems, Switzerland-based Comet and SGS, Germany-based TUV Reinland and TUV SUD. Although local Chinese companies have made progress in NDT equipment and services, the current domestic market is still dominated by foreign brands, which seize 70-80% market share especially in terms of equipment.
Table of Content
1 Overview of Nondestructive Testing Industry
1.2 Classification and Application
2 Development of Nondestructive Testing Industry
2.1 Market Pattern
2.2 Status Quo
2.3 China Import & Export Market
3 Major Upstream Enterprises
3.1.3 Revenue Structure
4 Major Midstream Enterprises
4.1 SGS SA
4.1.3 Revenue Structure
Non-Destructive Testing (NDT) Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 – 2018 http://www.marketresearchreports.biz/analysis/168182 Published By » Transparency Market Research
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a technological growth map over time to understand the industry growth rate
It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
Manufacturing Market Research Reports
The global manufacturing market is largely linked with two other industries, such as industrial design and engineering. In the coming years, the manufacturing sector is likely to witness a massive growth. It covers a huge number of sub-sectors under its umbrella right from textiles to technology. The manufacturing sector in the recent years has seen vast technological developments ushering in many changes, growth, and opportunities for itself.
In simple terms manufacturing is can be explained as the process of converting raw materials into finished good for the purpose of a given function. The global manufacturing market is largely driven by product innovation and technological advancements, which are best suited for a modern life. The manufacturing sector dominates and contributes largely to every nation’s economy. It is responsible for generating employment, revenue, and improving the standard of living for the countries. The manufacturing industry also encourages growth in many other ancillary industries it is associated with.
The reports are also point out the market drivers, market inhibitors, trends, and dynamics which are effect the manufacturing industry. These reports also carry a SWOT analysis, which identifies the strengths, weaknesses, opportunities, and threats. To every reader, the reports published by MarketResearchReports.Biz are a wealth of accurate knowledge which they can depend on for making important business decisions. Global manufacturing market research report also contains company profiling of key market players, which thus gives a clear picture of the competitive landscape.
For More Latest Reports Under the Same Category: http://www.marketresearchreports.biz/category/133
To order report Call +1-518-618-1030 or send an Email on firstname.lastname@example.org