Non-Destructive Testing Services Market 2021 Industry Analysis, Size, Trends and Growth Analysis, Forecast to 2027
Non-Destructive Testing Services Market 2021-2027
New Study Reports " Non-Destructive Testing Services Market 2021, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2027" has been Added on MarketResearchFuture.
Report Overview
This published report for the Non-Destructive Testing Services Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study Non-Destructive Testing Services Market also offers the previous historical data along with the forecast from 2021 to 2027. The assessment of the Non-Destructive Testing Services Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2021-2027.
According to Market Research Future Analysis, the Non-Destructive Testing Services Market is estimated to generate revenue of approximately USD 26 billion by 2023 growing at a CAGR of 8% during the forecast period 2017-2023.
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 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 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 Non-Destructive Testing Services Market is expected to grow.
The 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 Non-Destructive Testing Services Market during the forecast period. This is owing to the increasing demand for 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 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 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
Non-Destructive Testing Services Market Manufacturers
Non-Destructive Testing Services Market Distributors/Traders/Wholesalers
Non-Destructive Testing Services Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Complete Report Details@ https://www.marketresearchfuture.com/reports/non-destructive-testing-services-market-5580
Important Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Non-Destructive Testing Services Market, By Component
6 Non-Destructive Testing Services Market, by Technology
7 Non-Destructive Testing Services Market, by Application
8 Non-Destructive Testing Services Market, By Industry
9 Non-Destructive Testing Services Market, By Region
10 Competitive Landscape
And more
Continued...
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