Non-Destructive Testing Equipment Market
Non-Destructive Testing Equipment Market Global Industry Assessment & Forecast
#
Pages:
160
2021
Nov - 2021
VMR-2021-0294
Segments Covered
By
Type X-Ray, Ultrasonic, Magnetic particle, Penetrant flaw detection, Eddy current test, Other
-
By
Application Oil and gas, Automotive, Aerospace, Other
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2,058 Million |
 Revenue 2028:
|
3,042.30 |
 Revenue CAGR
(2021 - 2028): |
7.2 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Non-Destructive Testing Equipment Market - Global Market Assessment, 2021 - 2028
The research process involves the exhaustive study of several factors impacting industry dynamics such as competitive landscape, government policies, historical outlook, current market scenario, and other macro/micro factors. The whole research process is divided into three stages namely: Secondary Research, Primary Research, and Data Triangulation. The ratio of the resources involved in each stage differs as per the data availability for a particular section of the report or as per the market dynamics. We have conducted more than 150 primary interviews during the Non-Destructive Testing Equipment market study either through mail or telephone call. Out of the total primary respondents, 30% were from North America, 24% were from Europe, 33% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA
Secondary Research
Primary Research:
After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Non-Destructive Testing Equipment market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Non-Destructive Testing Equipment market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.
FAQ
Frequently Asked Question
What is the global demand for Non-Destructive Testing Equipment in terms of revenue?
-
The global Non-Destructive Testing Equipment valued at 2,058 Million in 2020 and is expected to reach 3,042.30 in 2028 growing at a CAGR of 7.2%.
Which are the prominent players in the market?
-
The prominent players in the market are Aolong, Zetec, Magnaflux, Hongxu, Mistras, Olympus Corporation, Union, Proceq, Runqi, IDEA, Siui, Karl deutsch, Nikon Metrology NV, YXLON, Sonatest, Quanrui, GE Measurement & Control, Huari, Zhongke Innovation, Dndt..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 7.2% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Non-Destructive Testing Equipment include
- The rise in environmental and population safety considerations causes high-quality models in the products, this tendency in the products is increasing the demand for Non-Destructive Testing Equipment Market.
- Increasing emphasis on energy efficiency, energy recovery, and reduction of CO2 emissions is driving the Non-Destructive Testing Equipment Market.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Non-Destructive Testing Equipment in 2020.
