TechNavio recognizes the following companies as the key players in Global Non-destructive Testing Equipment Market: GE Inspection Technologies GmbH, Magnaflux Corp., Olympus NDT Inc., YXLON International Inc., Institut Dr. Foerster, Mistras Group Inc., Nikon Metrology NV, Zetec Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Miniaturized testing equipment is flexible and easy to use. As there is rapid growth in various industrial segments, the need for small size devices is increasing, giving rise to the development of miniaturized testing equipment. For instance, the equipment used to test automotive components and other minute components needs to be very small in size. Thus, the vendors are reducing the size of their NDT equipment to cater to this emerging demand.”
According to the report, the Global NDT Equipment market is driven by several growth factors, and one such factor is the increasing demand from the APAC region. The region is experiencing a huge demand for NDT equipment because of increased adoption across various industries such as Power Generation and Oil and Gas.
Further, the report states that the need to manufacture customized NDT equipment is one of the major challenges in the Global NDT Equipment market. As the market is maturing, the usage of testing equipment for a wide variety of applications is increasing, but the end-users’ requirements are making the design and development of such equipment more complex.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-non-destructive-testing-equipment…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Global Non-destructive Testing Equipment Market 2014-2018
