Non-Destructive Testing Services Market 2021-2027

New Research Report “Global Non-Destructive Testing Services Market, Industrial Analysis, Market Dynamics, Growth Analysis, Regional Analysis, Size, Share, and Forecast 2021- 2027”.

Market Overview

The study of market analysis of the Global Non-Destructive Testing Services Market focuses on the key elements and the market dynamics of a specific market within that industry. Global Non-Destructive Testing Services Market study is an essential part of the industry analysis that focuses on the aspects associated with the SWOT analysis. The survey report analyses the elements, such as the strengths, weaknesses, opportunities, and threats of every individual manufacturing company. 

With the help of the Global Non-Destructive Testing Services Market Report analysis, every new or established manufacturer can gain knowledge about the business strategies and planning by the significant key marketers who are having a strong base. The documentation is prepared by investigating the company’s activities related to their planning, decision making, purchase, capital investment, innovation, workforce, business expansion strategy, facility expansion, promotional activities, and many other aspects of a company.

According to Market Research Future Analysis, the Global Non-Destructive Testing Services Market is estimated to generate revenue of approximately USD 26 billion by 2026 growing at a CAGR of 8% during the forecast period 2017-2026.

Global Non-Destructive Testing Services Market is estimated to exhibit high growth potential during the forecast period owing to the high demand across industry verticals. Rising demand among the end-use industries for non-destructive testing services drives the growth of the market. Additionally, innovation and advancement in technology and increasing market for non-destructive testing services is adding fuel to the growth of the Global Non-Destructive Testing Services Market.

Non-destructive testing services are gaining popularity due to the need for ensuring the prevention of accidents and promoting safety for workers during overhauling and maintenance. The rise in demand for improving quality and longevity of the machines is one major factor driving the growth of non-destructive testing services market. Also, increase in the use of renewable energy resources is another major factor responsible for driving the growth of non-destructive testing services market.

Key Players

The report has profiled some of the Important players prevalent in the global like – MISTRAS Group, Inc. (U.S.), Olympus Corporation (Japan), GE Inspection Technologies (U.S.), Intertek Group PLC (U.K.), SGS S.A. (Switzerland), Olympus Corporation (Japan), Nikon Metrology, Inc. (U.S.), Ashtead Technology, Inc. (U.S.), Sonatest Ltd. (U.K), Bosello High Technology S.R.L. (Italy), and Fujifilm Holdings Corporation (Japan) among others.

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MISTRAS Group, Inc., Olympus Corporation, GE Inspection Technologies, Intertek Group PLC, SGS S.A., Olympus Corporation, and Nikon Metrology are some of the leading players in the market. MITRAS Group offers advanced NDT services, traditional NDT services, engineering services and NDT centres of excellence for all consumer demands related to non-destructive testing services. The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements. Rise in demand to ensure safety and growing government regulations are some of the major factors driving the growth of Global Non-Destructive Testing Services Market. With the focus on promoting the adoption of non-destructive testing services and the convenience provided to consumers, the global Global Non-Destructive Testing Services Market is expected to grow.

The Global Non-Destructive Testing Services Market is segmented by type, technique, application and vertical.

The vertical segment is further classified into aerospace & defense, automotive, oil & gas, infrastructure, and power. The aerospace & defense sub-segment is expected to hold the largest market share of the overall Global Non-Destructive Testing Services Market during the forecast period. This is owing to the increasing demand for Global Non-Destructive Testing Services Market in the aerospace and defense sector. These non-destructive testing services help in ensuring safety during the production of complex aircraft accessories. However, the high costs of advanced non-destructive testing equipment and technical complexities involved in implementation of non-destructive testing are the major factors that could hinder the growth of Global Non-Destructive Testing Services Market. other factors such as the lack of awareness and skilled personnel may also hamper the market growth.

Regional Analysis

The global non-destructive testing services market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America is estimated to account for the largest market share, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of North America market is attributed to technological advancements and the increased adoption of non-destructive testing service applications across industry verticals.

Key Stakeholders 
Global Non-Destructive Testing Services Market Manufacturers 
Global Non-Destructive Testing Services Market Distributors/Traders/Wholesalers 
Global Non-Destructive Testing Services Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Major Key Points from Table of Content:

1 Executive Summary

2 Market Introduction

2.1 Definition 15

2.2 Scope Of The Study 15

2.3 Market Structure 15

2.4 List Of Assumptions 16

3 Research Methodology

4 Market Dynamics

5 Global Non-Destructive Testing Services Market, By Component

6 Global Non-Destructive Testing Services Market, by Technology

7 Global Non-Destructive Testing Services Market, by Application

8 Global Non-Destructive Testing Services Market, By Industry

9 Global Non-Destructive Testing Services Market, By Region

10 Competitive Landscape

And more

Continued...

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