Analysis of the Global Nondestructive Test Equipment Market 

  • October 2012
  • -
  • Frost & Sullivan
  • -
  • 137 pages

Non-destructive testing (NDT) involves examination of an object without impacting its current or future usefulness. The ability of NDT to inspect an object without affecting its operating performance provides an excellent balance between quality control, and cost effectiveness. The NDT equipment market can be segmented based on technology into ultrasonic, magnetic and electromagnetic, visual inspection, radiography, and penetrant testing. Technology segments such as ultrasonic, and radiography are witnessing significant influx of newer technologies whereas segments such as penetrant testing and visual inspection have stagnated technologically over the past decade.

Executive Summary

•The global nondestructive test equipment (NDT) market is highly mature and generated revenues of $ million in 2011, at a growth rate of percent over the previous year.
•Ultrasonic test equipment and radiography equipment are the two largest product segments in the global NDT equipment market, with and percent contribution to revenues, respectively, in the base year, 2011.
•An important factor that drives the adoption and growth of NDT is return-on-investment (ROI). If performing NDT results in cost saving for an end-user industry, then they are willing to invest in purchase of NDT equipment.
•The top participants in this market are GE Measurement and Control Solutions, and Olympus NDT. They occupy a significant share of the market since both companies are active in multiple market segments.
•Other important participants include YXLON International GmbH, Sonatest PLC, Zetec Inc., and Magnaflux corporation; however, these companies are specialized in one or two segments in the market. Hence, they are considerably smaller than the top two market participants.

Market Overview

Introduction
Nondestructive testing (NDT) involves examination of an object without impacting its current or future usefulness. The ability of NDT to inspect an object without affecting its operating performance provides an excellent balance between quality control and cost effectiveness. As a result, there is significant demand for NDT from most industries such as oil and gas, automotive, aerospace, and manufacturing.
The NDT equipment market is highly mature and characterized by high concentration. The top two competitors in the market, GE Measurement and Control Solutions and Olympus NDT, occupy approximately percent of the market. The remaining percent is shared amongst more than companies. Hence, the market is also quite competitive, with a large number of competitors participating in only one or two segments of the market.
Technology segments such as ultrasonics and radiography are witnessing significant influx of newer technologies, whereas segments such as penetrant test equipment and visual inspection have stagnated technologically over the past decade. Within ultrasonic test equipment, phased array ultrasonic test equipment market has reached maturity, and guided wave ultrasonics is the next big technology being debated by industry experts.
The need to meet stringent safety regulations and enhance the working life of aging assets is increasing the demand for NDT from end-user industries. Frost & Sullivan’s research indicates that this market was valued at $ million in 2011, with a positive growth rate of percent. The market is expected to grow at percent CAGR to $ million by 2016.

Table Of Contents

Table of Contents

Contents
Section
Slide Numbers
Executive Summary

Market Overview

Total Nondestructive Test Equipment Market
•External Challenges: Drivers and Restraints

•Forecasts and Trends

•Market Share and Competitive Analysis

Ultrasonic Test Equipment Segment Breakdown

Magnetic and Electromagnetic Test Equipment Segment Breakdown

Visual Inspection Equipment Segment Breakdown

Radiography Equipment Segment Breakdown

Penetrant Test Equipment Segment Breakdown

North America Breakdown

Europe Breakdown

Asia-Pacific Breakdown

Rest of World Breakdown

The Last Word (Conclusions and Implications)

Appendix

View This Report »

Find all the market research you need - instantly, in one place.

+1.2 Million Research Documents & Statistics +200,000 Trusted Public Sources 350 Industries With Global Coverage

24/7 Customer Support

Talk to Amrita

+1 718 303 2019

Purchase Reports From Reputable Market Research Publishers

Global Pumps Market in the Oil and Gas Industry

Global Pumps Market in the Oil and Gas Industry

  • $ 10 000
  • Industry report
  • November 2014
  • by Frost & Sullivan

Exploration and Production from Unconventional Oil and Gas Sources Will Likely Boost Pump Technology This research service analyzes current and future trends in the global pumps market in the oil and gas ...

Machine Tool Markets in Asia to 2018 - Market Size, Trends, and Forecasts

Machine Tool Markets in Asia to 2018 - Market Size, Trends, and Forecasts

  • $ 7 967
  • Industry report
  • October 2014
  • by Global Research & Data Services

This industry report package offers the most up-to-date market data on the actual market situation, trends, and future outlook for machine tools in different Asian countries. The package includes machine ...

Global Markets for Hydraulic Pumps

Global Markets for Hydraulic Pumps

  • $ 6 650
  • Industry report
  • September 2014
  • by BCC Research

This BCC Research report provides an up-to-date analysis of recent developments and current trends in the global hydraulic pump market. The market is broken down by hydraulic pump types, applications, ...


ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.