China Nondestructive Testing Equipment & Services Market

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

Related Reports:

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

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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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.

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Vietnam Construction Industry Global Market Trend, Size, Share, Growth and Forecast 2018


Global And Vietnam Construction Industry 2018 Market Trend, Size, Share, Growth and Forecast : Industry Analysis, Overview, Research and Development – Market Research Reports.Biz

This report provides detailed market analysis, information and insights into Vietnamese construction industry including: Construction in Vietnam - Key Trends and Opportunities to 2018

  • Vietnamese construction industry’s growth prospects by market, project type and type of construction activity
  • Analysis of equipment, material and service costs across each project type within Vietnam
  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in Vietnamese construction industry
  • Analyzing the profiles of the leading operators in Vietnamese construction industry.
  • Data highlights of the largest construction projects in Vietnam

Executive summary

The Vietnamese construction industry recorded a compound annual growth rate (CAGR) of 16.12% during the review period (2009–2013). However, industry growth slowed from 19.7% in 2011 to 7.0% in 2013, due to a slump in the property market, a banking system characterized by non-performing loans (NPLs) and a sluggish real estate sector. Nevertheless, industry outlook is favorable, due to the government’s focus industrial and residential Construction. Expansion in the tourism and retail sectors, coupled with investments in infrastructure projects, will support industry growth. The industry’s output is therefore expected to record a nominal CAGR of 11.43% over the forecast period (2014−2018).

This report provides a comprehensive analysis of the construction industry in Vietnam. It provides:

  • Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Vietnam using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing

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  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts
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Key highlights

The Vietnamese construction industry delivered a strong growth rate during the review period, due to Vietnam’s stable economic conditions and despite a slowdown between 2011 and 2013, due to a slump in the property market. In nominal terms, the total construction value add in Vietnam registered a nominal CAGR of 14.85% during the review period. In an attempt to boost the struggling property market, the central bank and five state-run banks announced a VND70 trillion (US$3.3 billion) loan package in 2014, to allow investors, developers and suppliers to lower prices and cut costs to increase sales. According to the Foreign Investment Agency (FIA), in the first half of 2014, the industry ranked as the second-largest recipient of foreign direct investment (FDI) with total capital of VND10.0 trillion (US$465.4 million); real estate attracted 16 projects and a capital of VND14.9 trillion (US$692.3 million). Government investment strategies for the development of the industrial, tourism and infrastructure categories will also benefit the industry over the forecast period. The industry’s value add is expected to register a forecast-period CAGR of 11.59%.

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