Non Destructive Testing (Ndt) Equipment Market Analysis, Share, Regional Outlook, Industry Trends, Competitive Strategies and Segment Forecast, 2014 to 2022

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Non Destructive Testing (NDT) Equipment Market Analysis,

Market Size, Share, Regional Outlook, Industry Trends,

Competitive Strategies And Segment Forecast, 2014 To 2022

Industry Overview

Global Non Destructive Testing (NDT) equipment market size is expected to attain USD 5.70 billion by

2022, growing at a CAGR of over 5% from 2014 to 2022. Application of this equipment for quality control

as well as inspection is likely to witness significant growth. Stringent government regulations for safety

and quality control are projected to fuel industry demand. Government is taking counter measures in

order to prevent accidents such as pipeline explosions and nuclear reactor leakages.

The aim of NDT is to ensure safety as well as reliability, it aids in detecting errors as well as troubleshoot

the defects in any equipment, to avoid unpleasant incidents. It also acts as a method of prevention in

high-pressure manufacturing units. This equipment is projected to be reliable as it helps in eliminating

factual errors. Thus; the aforementioned properties are estimated to boost the non destructive testing

equipment market demand.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Increasing cost and efforts involved in construction of infrastructure is expected to elevate the industry

demand. It helps in improving longetivity of the facility as well as machinery, thus increases operational

life. For instance, oil refineries in Middle East region are now enhancing their capacities in order to

tackle global demand. Operating refineries at optimum capacity may cause any breakdown. Thus, in

order to preserve these machines it is mandatory to inspect them for any defects and ensure smooth

functioning.

Lack of skilled workforce for testing equipment is...