London, 09 March 2015 – TechNavio has published a new report on the Global Nondestructive Testing NDT) Equipment Market 2015-2019, which is expected to grow at a CAGR of 6.24 percent from 2014-2019.
According to the latest report by TechNavio, the need to improve the quality and lifespan of aging assets has become a crucial factor that is expected to propel market growth during the forecast period. System failures can be avoided by regularly examining assets, thus enabling early remedial measures.
“A regular inspection and quality check of aging assets via nondestructive testing equipment helps in extending the life of an asset as well as improving overall profitability,” says Faisal Ghaus, Vice President of TechNavio.
Furthermore, the report emphasizes the growing need to manufacture customized NDT equipment. Many production lines like tube manufacturing, bar manufacturing and rolling processes for plate manufacturing require NDT equipment like test machines with integrated solutions, which are customized according to specific client needs.
“The trend of customized test machines will act as a positive growth factor and enable vendors to efficiently meet customers’ specific requirements,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Industrial Plastic Processing Machinery Market 2014-2018
- Global Plastic Processing Machinery Market 2014-2018
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
