Non Destructive Testing (NDT) Market 2015 - Forecasts to 2020 for the $18 Billion Industry

Dublin, Jan. 14, 2016 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/gr2r8s/non_destructive) has announced the addition of the "Non Destructive Testing (NDT) Market - Global Forecast to 2020" report to their offering.

The non-destructive testing market is estimated to be valued at USD 12.98 Billion in 2015 and is projected to reach USD 18.88 Billion by 2020, at a CAGR of 7.78% from 2015 to 2020.

This report provides qualitative and quantitative information about the global NDT market. It identifies the market application gaps, emerging technologies, the need for new product launches, and high potential geographic regions and countries. It also provides a segmentation of the market, tracking the market size, market share, revenue projections, and financial portfolio, covering a broad spectrum of the different methods, end-user, applications, and techniques of NDT industry.

NDT is considered a basic need in industries such as aerospace, oil & gas, petroleum, and construction, among others. Innovations in the NDT equipment market have increased commercially after the introduction of advanced X-ray equipment such as micro focus X-ray tools, integrated X-ray equipment, glass X-ray tubes with window, radiation shielded X-ray equipment, and so on. Furthermore, the forecast period offers huge growth potential for technologies such as computed tomography, phased array ultrasonic testing, and data management tools as these techniques are more efficient in terms of deriving accurate results.

The research methodology used to estimate and forecast the NDT market begins with capturing data on key NDT equipment revenues through secondary research. The NDT service offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global NDT market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.

The ecosystem of the NDT market comprises oil exploration industry, oil refineries, aerospace industry, construction industry, inspection service providers, and non-destructive testing facilities among other.

This report would help the NDT component supplier, NDT service providers, safety and regulatory authorities to identify hot revenue pockets in this market.

Scope of the Report

This research report categorizes the NDT market into the following segments and sub-segments:

Global NDT Market, By Method

- Ultrasonic testing
- Radiography testing
- Liquid Penetrant testing
- Magnetic particle testing
- Eddy-current testing
- Visual inspection

Global NDT Market, By End-User

- Aerospace & Defense industry
- Automotive industry
- Oil & gas industry
- Infrastructure Industry
- Power generation industry

Global NDT Market, By Technique

- Surface Examination technique
- Volumetric Examination Technique
- Condition Monitoring technique
- Integrity Examination technique
- Other non-destructive techniques

Global NDT Market, By Application

- Flaw detection
- Leak detection
- Dimensional measurement
- Estimation of physical properties
- Chemical Composition Determination
- Stress & Structure Analysis

Global NDT Market, By Geography

- G7 Nations
- - U.S.
- - Canada
- - Japan
- - Italy
- - France
- - Germany
- - U.K.
- BRICS
- - Brazil
- - Russia
- - India
- - China
- - South Africa
- - U.K.
- Rest of the World
- - South Korea
- - Saudi Arabia
- - Others

Companies Mentioned

- Ashtead Technology, Inc
- Bosello High Technology S.R.L
- Fujifilm Holding Corporation
- GE Measurement & Control
- Intertek Group PLC.
- Mistras Group, Inc.
- Nikon Metrology, Inc
- Olympus Corporation
- SGS SA
- Sonatest Ltd

For more information visit http://www.researchandmarkets.com/research/gr2r8s/non_destructive

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