Global And China Non Destructive Testing Market Equipment, Services, Growth, Trends And Forecast Industry 2014-2019

Global and China Nondestructive Testing Industry 2014 Market Trend, Size, Share, Growth and Forecast 2019: Industry Analysis, Overview, Research and Development – MarketResearchReports.Biz

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.

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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
1.1 Definition
1.2 Classification and Application

2 Development of Nondestructive Testing Industry
2.1 Market Pattern
2.2 Status Quo
2.2.1 Globe
2.2.2 China
2.3 China Import & Export Market

3 Major Upstream Enterprises
3.1 Olympus
3.1.1 Profile
3.1.2 Operation
3.1.3 Revenue Structure

4 Major Midstream Enterprises
4.1 SGS SA
4.1.1 Profile
4.1.2 Operation
4.1.3 Revenue Structure

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Non-Destructive Testing (NDT) Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 – 2018 Published By » Transparency Market Research

Nondestructive testing is a wide group of analysis techniques used to evaluate properties of components, systems and materials without altering the original properties. These testing technologies are gaining popularity due to its time and cost saving benefits over other material testing technologies. NDT testing methods include ultrasonic, remote visual inspection (RVI), liquid penetrant, magnetic-particle, eddy-current testing, low coherence interferometry and radiographics. NDT is comprehensively used in mechanical, forensic, electrical, systems, civil, and aeronautical engineering as well as art and medicine.
The NDT equipment industry represents huge growth potential in the future as it is one of the less impacted industries at times of financial crisis. The demand for NDT equipments used in inspections and quality checks observed an upward growth and is expected to grow at a significant rate due to the increasing importance for quality control among industry players across various verticals. North America is the largest regional market for NDT equipments due to stringent safety regulations implemented by the government which forces manufacturers to frequently engage in inspection activities.  Asia-Pacific is expected to experience the fastest growth due to rapid growth in infrastructure, aerospace and power generation sectors particularly in emerging countries such as India, China and Indonesia.

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