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  • Non-Destructive Testing (NDT) Market by Component (Equipment, Services) and Global Forecast

     



    (Aviation-NewsWire.Com, October 27, 2016 ) Browse 91 market tables and 95 figures spread through 182 pages and in-depth TOC on "Non Destructive Testing (NDT) Market - Global Forecast to 2020"
    http://www.marketsandmarkets.com/Market-Reports/nondestructive-testing-market-257342201.html
    Early buyers will receive 10% customization on reports.

    Visual inspection segment is expected to be the major contributor to the overall NDT market

    Visual inspection is considered as the primary and easiest NDT technique due to the fact that any defect can first be noticed by monitoring the components while operations. Visual inspection technique is applicable to aerospace & defense, automotive, oil & gas, petrochemical, power generation, industrial manufacturing, infrastructure, marine, offshore, and various other industries since it is a very common process of detecting faults which would lead to equipment failure. The simplicity as well as the economic benefits of visual inspection makes it a major contributor to the NDT market.


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    The oil & gas and power generation sectors registered the highest growth in almost all G7 countries

    Huge shale oil & gas reserves in countries such as the U.S., the U.K., Germany, France, and Italy have increased the NDT market in these particular countries phenomenally as NDT inspection deters equipment failures which would lead to high economic repercussions in oil and gas extraction industries.

    BRICS to witness highest growth in NDT market during the forecast period

    The recently discovered shale gas reserves in China are expected to pose huge potential for non-destructive testing market. Russia, China, and India spend huge amounts of their GDP as defense expenditure hence these countries are also expected to drive the overall aerospace & defense end use segment of the non-destructive testing market in BRICS.

    Request For Sample Report :
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    The major players in the NDT equipment and service market include MISTRAS (U.S.), Olympus Corporation (Japan), GE Inspection Technologies (U.S.), Intertek Group PLC (U.K.), and SGS SA (Switzerland).

    The report segments and analyzes the NDT market on the basis of NDT methods (UT, RT, LPT, MPT, ECT, VI), by end-user (oil & gas, aerospace & defense, power generation, automotive, infrastructure), by techniques, applications, and maps these segments and sub-segments across G7 nations, BRICS, and rest of the world.

    About MarketsandMarkets

    MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

    M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

    We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

    Contact:
    Mr. Rohan


    MarketsandMarkets

    Mr. Rohan

    1-888-600-6441

    sales@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

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