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  4. > Non-Destructive Testing Equipment Global Market Outlook - Trends, Forecast, and Opportunity Assessment (2014-2022)

The Global Non-Destructive testing equipment market is valued at $3.24 billion in 2014 with CAGR of 5.78% it is expected to reach $5.64 billion by 2022. Government safety regulations for quality control, increasing demand to improve quality and longevity of the machines, user friendly software, continuous advancement in electronics, automation and robotics, safety and reliable performance of the machines, and assured return on investment are the major factors that are driving the non-destructive testing equipment market. Lack of skilled technicians and high infrastructure cost are the factors restraining the market growth.

By technology, ultrasonic testing dominated the NDT equipment market. Radiography is identified as one of the emerging NDT method and is expected to witness major technological innovations over the next few years. The power generation segment held the largest share of the non-destructive testing equipment market in 2014. The major factors driving this growth of the power generation industry are increasing number of nuclear power plants and the subsequent increasing demand for machines used in power generation plants. Oil and gas segment was the second largest vertical segment in NDT equipment market.

North America was the largest regional segment driven by massive investments in energy verticals. Europe, the second largest non-destructive testing equipment market, is mainly due to growth in automotive industry and rising demand for modernization of the oil and gas sectors. The Asia-Pacific region, and the rest of the word (ROW) are also considered as promising markets, with favorable investments across China, Japan, India, and the Middle East.

Global non-destructive testing equipment market is segmented by technology, by vertical, by application and by geography. Based on technology, market is segmented into ultrasonic, electromagnetic, radiography, thermography, visual testing, liquid penetrant testing, infrared and thermal testing and other NDT Methods. Based on vertical, market is categorized into power generation, oil & gas, aerospace and defense, automotive, medical & health and Other NDT methods. Based on application, market is classified into flaw detection, leak detection, dimensional measurement, estimation of physical properties and chemical composition determination. Market by geography is segmented into North America, Europe, Asia Pacific and Rest of the World.

The Key players in the market include, Nikon Metrology Inc., Dr. Foerster, Zetec Inc., General Electric, Mistras, Sonotron, Olympus Corporation, Eddyfi NDT Inc. and GE Inspection technologies.

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Table Of Contents

Non-Destructive Testing Equipment Global Market Outlook - Trends, Forecast, and Opportunity Assessment (2014-2022)
1 Executive Summary

2 Preface
2.1 Abstract
2.2 Research Scope
2.3 Research Methodology
2.4 Research Sources

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Non-Destructive Testing Equipment Market, By Technology
5.1 Introduction
5.2 Ultrasonic
5.3 Electromagnetic
5.4 Radiography
5.5 Thermography
5.6 Visual Testing
5.7 Liquid Penetrant Testing
5.8 Infrared and Thermal Testing
5.9 Other NDT Methods

6 Global Non-Destructive Testing Equipment Market, By Vertical
6.1 Introduction
6.2 power generation
6.3 oil and gas
6.4 aerospace and defense
6.5 automotive
6.6 Medical and Health
6.7 Others

7 Global Non-Destructive Testing Equipment Market, By Application
7.1 Introduction
7.2 Flaw Detection
7.3 Leak Detection
7.4 Dimensional Measurement
7.5 Estimation of Physical Properties
7.6 Chemical Composition Determination

8 Global Non-Destructive Testing Equipment Market, By Geography
8.1 North America
8.1.1 US
8.1.2 Canada
8.2 Europe
8.2.1 Germany
8.2.2 France
8.2.3 Italy
8.2.4 UK
8.2.5 Spain
8.3 Asia Pacific
8.3.1 Japan
8.3.2 China
8.3.3 India
8.3.4 Australia
8.3.5 New Zealand
8.3.6 Rest of Asia
8.4 Rest of the World
8.4.1 Latin America
8.4.2 Middle East
8.4.3 Africa
8.4.4 Others

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions and Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Nikon Metrology Inc.
10.2 Dr. Foerster
10.3 Zetec Inc.
10.4 General Electric
10.5 Mistras
10.6 Sonotron
10.7 Olympus Corporation
10.8 Eddyfi NDT Inc.
10.9 GE Inspection technologies

List of Tables
1 Global Non-Destructive Testing Equipment Market Outlook, By Technology (2015-2022) ($MN)
2 Global Non-Destructive Testing Equipment Market Outlook, By Ultrasonic (2015-2022) ($MN)
3 Global Non-Destructive Testing Equipment Market Outlook, By Electromagnetic (2015-2022) ($MN)
4 Global Non-Destructive Testing Equipment Market Outlook, By Radiography (2015-2022) ($MN)
5 Global Non-Destructive Testing Equipment Market Outlook, By Thermography (2015-2022) ($MN)
6 Global Non-Destructive Testing Equipment Market Outlook, By Visual Testing (2015-2022) ($MN)
7 Global Non-Destructive Testing Equipment Market Outlook, By Liquid Penetrant Testing (2015-2022) ($MN)
8 Global Non-Destructive Testing Equipment Market Outlook, By Infrared and Thermal Testing (2015-2022) ($MN)
9 Global Non-Destructive Testing Equipment Market Outlook, By Other NDT Methods (2015-2022) ($MN)
10 Global Non-Destructive Testing Equipment Market Outlook, By verticals (2015-2022) ($MN)
11 Global Non-Destructive Testing Equipment Market Outlook, By power generation (2015-2022) ($MN)
12 Global Non-Destructive Testing Equipment Market Outlook, By oil and gas (2015-2022) ($MN)
13 Global Non-Destructive Testing Equipment Market Outlook, By aerospace and defense (2015-2022) ($MN)
14 Global Non-Destructive Testing Equipment Market Outlook, By automotive (2015-2022) ($MN)
15 Global Non-Destructive Testing Equipment Market Outlook, By Medical and Health (2015-2022) ($MN)
16 Global Non-Destructive Testing Equipment Market Outlook, By Others (2015-2022) ($MN)
17 Global Non-Destructive Testing Equipment Market Outlook, By Applications (2015-2022) ($MN)
18 Global Non-Destructive Testing Equipment Market Outlook, By Flaw Detection (2015-2022) ($MN)
19 Global Non-Destructive Testing Equipment Market Outlook, By Leak Detection (2015-2022) ($MN)
20 Global Non-Destructive Testing Equipment Market Outlook, By Dimensional Measurement (2015-2022) ($MN)
21 Global Non-Destructive Testing Equipment Market Outlook, By Estimation of Physical Properties (2015-2022) ($MN)
22 Global Non-Destructive Testing Equipment Market Outlook, By Chemical Composition Determination (2015-2022) ($MN)
23 North America Non-Destructive Testing Equipment Market Outlook, By Technology (2015-2022) ($MN)
24 North America Non-Destructive Testing Equipment Market Outlook, By Ultrasonic (2015-2022) ($MN)
25 North America Non-Destructive Testing Equipment Market Outlook, By Electromagnetic (2015-2022) ($MN)
26 North America Non-Destructive Testing Equipment Market Outlook, By Radiography (2015-2022) ($MN)
27 North America Non-Destructive Testing Equipment Market Outlook, By Thermography (2015-2022) ($MN)
28 North America Non-Destructive Testing Equipment Market Outlook, By Visual Testing (2015-2022) ($MN)
29 North America Non-Destructive Testing Equipment Market Outlook, By Liquid Penetrant Testing (2015-2022) ($MN)
30 North America Non-Destructive Testing Equipment Market Outlook, By Infrared and Thermal Testing (2015-2022) ($MN)
31 North America Non-Destructive Testing Equipment Market Outlook, By Other NDT Methods (2015-2022) ($MN)
32 North America Non-Destructive Testing Equipment Market Outlook, By verticals (2015-2022) ($MN)
33 North America Non-Destructive Testing Equipment Market Outlook, By power generation (2015-2022) ($MN)
34 North America Non-Destructive Testing Equipment Market Outlook, By oil and gas (2015-2022) ($MN)
35 North America Non-Destructive Testing Equipment Market Outlook, By aerospace and defense (2015-2022) ($MN)
36 North America Non-Destructive Testing Equipment Market Outlook, By automotive (2015-2022) ($MN)
37 North America Non-Destructive Testing Equipment Market Outlook, By Medical and Health (2015-2022) ($MN)
38 North America Non-Destructive Testing Equipment Market Outlook, By Others (2015-2022) ($MN)
39 North America Non-Destructive Testing Equipment Market Outlook, By Applications (2015-2022) ($MN)
40 North America Non-Destructive Testing Equipment Market Outlook, By Flaw Detection (2015-2022) ($MN)
41 North America Non-Destructive Testing Equipment Market Outlook, By Leak Detection (2015-2022) ($MN)
42 North America Non-Destructive Testing Equipment Market Outlook, By Dimensional Measurement (2015-2022) ($MN)
43 North America Non-Destructive Testing Equipment Market Outlook, By Estimation of Physical Properties (2015-2022) ($MN)
44 North America Non-Destructive Testing Equipment Market Outlook, By Chemical Composition Determination (2015-2022) ($MN)
45 Europe Non-Destructive Testing Equipment Market Outlook, By Technology (2015-2022) ($MN)
46 Europe Non-Destructive Testing Equipment Market Outlook, By Ultrasonic (2015-2022) ($MN)
47 Europe Non-Destructive Testing Equipment Market Outlook, By Electromagnetic (2015-2022) ($MN)
48 Europe Non-Destructive Testing Equipment Market Outlook, By Radiography (2015-2022) ($MN)
49 Europe Non-Destructive Testing Equipment Market Outlook, By Thermography (2015-2022) ($MN)
50 Europe Non-Destructive Testing Equipment Market Outlook, By Visual Testing (2015-2022) ($MN)
51 Europe Non-Destructive Testing Equipment Market Outlook, By Liquid Penetrant Testing (2015-2022) ($MN)
52 Europe Non-Destructive Testing Equipment Market Outlook, By Infrared and Thermal Testing (2015-2022) ($MN)
53 Europe Non-Destructive Testing Equipment Market Outlook, By Other NDT Methods (2015-2022) ($MN)
54 Europe Non-Destructive Testing Equipment Market Outlook, By verticals (2015-2022) ($MN)
55 Europe Non-Destructive Testing Equipment Market Outlook, By power generation (2015-2022) ($MN)
56 Europe Non-Destructive Testing Equipment Market Outlook, By oil and gas (2015-2022) ($MN)
57 Europe Non-Destructive Testing Equipment Market Outlook, By aerospace and defense (2015-2022) ($MN)
58 Europe Non-Destructive Testing Equipment Market Outlook, By automotive (2015-2022) ($MN)
59 Europe Non-Destructive Testing Equipment Market Outlook, By Medical and Health (2015-2022) ($MN)
60 Europe Non-Destructive Testing Equipment Market Outlook, By Others (2015-2022) ($MN)
61 Europe Non-Destructive Testing Equipment Market Outlook, By Applications (2015-2022) ($MN)
62 Europe Non-Destructive Testing Equipment Market Outlook, By Flaw Detection (2015-2022) ($MN)
63 Europe Non-Destructive Testing Equipment Market Outlook, By Leak Detection (2015-2022) ($MN)
64 Europe Non-Destructive Testing Equipment Market Outlook, By Dimensional Measurement (2015-2022) ($MN)
65 Europe Non-Destructive Testing Equipment Market Outlook, By Estimation of Physical Properties (2015-2022) ($MN)
66 Europe Non-Destructive Testing Equipment Market Outlook, By Chemical Composition Determination (2015-2022) ($MN)
67 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Technology (2015-2022) ($MN)
68 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Ultrasonic (2015-2022) ($MN)
69 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Electromagnetic (2015-2022) ($MN)
70 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Radiography (2015-2022) ($MN)
71 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Thermography (2015-2022) ($MN)
72 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Visual Testing (2015-2022) ($MN)
73 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Liquid Penetrant Testing (2015-2022) ($MN)
74 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Infrared and Thermal Testing (2015-2022) ($MN)
75 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Other NDT Methods (2015-2022) ($MN)
76 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By verticals (2015-2022) ($MN)
77 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By power generation (2015-2022) ($MN)
78 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By oil and gas (2015-2022) ($MN)
79 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By aerospace and defense (2015-2022) ($MN)
80 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By automotive (2015-2022) ($MN)
81 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Medical and Health (2015-2022) ($MN)
82 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Others (2015-2022) ($MN)
83 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Applications (2015-2022) ($MN)
84 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Flaw Detection (2015-2022) ($MN)
85 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Leak Detection (2015-2022) ($MN)
86 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Dimensional Measurement (2015-2022) ($MN)
87 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Estimation of Physical Properties (2015-2022) ($MN)
88 Asia Pacific Non-Destructive Testing Equipment Market Outlook, By Chemical Composition Determination (2015-2022) ($MN)
89 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Technology (2015-2022) ($MN)
90 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Ultrasonic (2015-2022) ($MN)
91 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Electromagnetic (2015-2022) ($MN)
92 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Radiography (2015-2022) ($MN)
93 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Thermography (2015-2022) ($MN)
94 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Visual Testing (2015-2022) ($MN)
95 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Liquid Penetrant Testing (2015-2022) ($MN)
96 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Infrared and Thermal Testing (2015-2022) ($MN)
97 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Other NDT Methods (2015-2022) ($MN)
98 Rest of the World Non-Destructive Testing Equipment Market Outlook, By verticals (2015-2022) ($MN)
99 Rest of the World Non-Destructive Testing Equipment Market Outlook, By power generation (2015-2022) ($MN)
100 Rest of the World Non-Destructive Testing Equipment Market Outlook, By oil and gas (2015-2022) ($MN)
101 Rest of the World Non-Destructive Testing Equipment Market Outlook, By aerospace and defense (2015-2022) ($MN)
102 Rest of the World Non-Destructive Testing Equipment Market Outlook, By automotive (2015-2022) ($MN)
103 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Medical and Health (2015-2022) ($MN)
104 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Others (2015-2022) ($MN)
105 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Applications (2015-2022) ($MN)
106 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Flaw Detection (2015-2022) ($MN)
107 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Leak Detection (2015-2022) ($MN)
108 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Dimensional Measurement (2015-2022) ($MN)
109 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Estimation of Physical Properties (2015-2022) ($MN)
110 Rest of the World Non-Destructive Testing Equipment Market Outlook, By Chemical Composition Determination (2015-2022) ($MN)

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