(MENAFN- Industry Research Place) Non-Destructive Testing Market worth 6.9% CAGR by 2026
COVID-19 Impact on Non-Destructive Testing market, size, share, growth, industry analysis, and forecast 2020-2026
Non-destructive testing is a technique of testing materials/components to discover the defects or discontinuity in material to prevent equipment failure. In addition, it is adopted to make sure the safe usage of engineering structures, product quality, and performance beyond production.
The growing oil and gas and power generation projects, specifically in the nuclear energy sector, drive the growth of the non-destructive testing market, as non-destructive testing and inspection play a significant role in running these two industries. Moreover, the rising deployment of non-destructive testing equipment in electronics, automation, and robotics industries, the high deployment of internet of things devices, and the rising demand for evaluating the health of aging assets are also driving the market growth.
Technological advancement acts as an opportunity in the non-destructive testing market as it provides more authentic and precise testing data. Advanced technologies in the methods include eddy-current array and phased array ultrasonic, facilitating better ways of depicting data and producing inspection reports of advanced value to consumers. Other factors such as the significance of non-destructive testing in the decay of the aging infrastructures and the expansion of infrastructural developments in developing countries generate lucrative opportunities for the market.
The Non-Destructive Testing Market research report titled Non-Destructive Testing Market by Offering, Testing Method, Vertical and Geography -Global Forecast up to 2026.
The leading competitors of the non-destructive testing market are General Electric, Bosello High Technology srl, Olympus Corporation, Cygnus Instruments Ltd., and T.D. Williamson Inc.
As North America is leading the market share, on the other hand, the Asia Pacific region has the highest growth rate in the non-destructive testing market. Owing to the expanding infrastructural developments and Asia Pacific region, countries are manufacturing defense aircraft.
The report consists of 103 Tables and 69 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Non-Destructive Testing Market based on Offering
Non-destructive Testing Services
Non-destructive Testing Equipment
Non-Destructive Testing Market based on Testing Method
Visual Testing
Magnetic Particle Testing
Liquid Penetrant Testing
Eddy Current Testing
Ultrasonic Testing
Radiographic Testing
Non-Destructive Testing Market based on Vertical
Oil & Gas
Manufacturing
Aerospace and Defense
Construction
Automotive
Power Generation
Others
Non-Destructive Testing Market based on Geography
North America
Europe
Asia Pacific
Rest of the World
This report analyses the global market for Non-Destructive Testing. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
Global Non-Destructive Testing Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global Non-Destructive Testing Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID 19 impact assessment of Global Non-Destructive Testing Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.
Section2: During Lockdown
This part of the report collects data across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries
Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.
Global Non-Destructive Testing Market Table of Contents
Chapter 1: Introduction
Chapter 2: Summary and Highlights
Chapter 3: Market Overview
Chapter 4: Impact of COVID 19
Chapter 5 Global Market for Non-Destructive Testing
Chapter 6: Market Breakdown by Segment
Chapter 7: Market Breakdown by Region
Chapter 8: Industry Trends
Chapter 9: Company Profiles
Chapter 10: Appendix
Report Coverage
• An overview of the Global Non-Destructive Testing Market
• In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
• Global Non-Destructive Testing Market revenue data historic and forecast analysis (2015 to 2026)
• Characterization and quantification of the market segments for Non-Destructive Testing Market
• Market share analysis of key market participants and their competitive landscape
Important Questions Answered by Global Non-Destructive Testing Market Report
• What is the impact of COVID 19 epidemic on the Global Non-Destructive Testing Market?
• Which is mostly affected region, country?
• Which is the current largest and fastest-growing region?
• What is the market size and growth rate of the Global Non-Destructive Testing Market?
• What are current factors affecting the growth of market?
• What are Key trends and opportunity areas?
• Within Non-Destructive Testing Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
• What are the major strategies adopted by leading market companies?
• What are company challenges and essential success factors by market segment?
• How company offerings and supply chain capabilities are shifting to meet emerging market needs?
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