Global Non Destructive Testing Equipment
Posted by industryarc on August 7th, 2019
Inspection and supervision of any inventory before its deployment is a necessary norm to detect defects in the product before it is commercialized. Non-destructive testing (NDT) is such a process which manages to investigate the product thoroughly causing no or minimal damage. As per a research report released from IndustryARC, the global non-destructive testing equipment market size was evaluated at .53 billion in 2018, and the opportunities in the same are projected to rise at a healthy compound annual growth rate (CAGR) of 6.98% during the forecast period of 2019 to 2025 as mentioned in a recent business intelligence report by IndustryARC’s market analyst.
The report is titled “Non-Destructive Testing (NDT) Equipment Market: By Industry (Aerospace, Automotive, Power Generation, Others) By Application (Flaw Detection, Dimensional Measurement, Others) By Technology (Ultrasonic, Magnetic Particle, Others) & Geography – Forecast (2019 - 2025).” The report contains comprehensive insights related to trends, outlook, demands, forecast, and geographical distribution in the market.
View Full Table Of Content Of Non Destructive Testing (NDT) Equipment Market
Among applications, public infrastructure is considered as the most lucrative application in the non-destructive testing equipment market. Prevailing public infrastructure such as at airports, bridges, canals, parks, public housing, and other public spaces are rising because of the increasing globalization and urbanization. Ensuring stability and quality in such infrastructures is paramount for public safety. Hence, employment of NDT by public infrastructures are incrementing at an application CAGR of 7.73% through to 2025.
Global Non-destructive Testing Equipment Industry Analysis
Digital sensing inspection using integrated sensors and predictive analysis is replacing the physical inspection methods. These further help to integrate precise and accurate results without causing any damage to the product. This trend is poised to disrupt the NDT equipment market.
Global Non-destructive Testing Equipment Market: Competitive Landscape
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Joined: August 6th, 2019
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