Global Non-Destructive Testing Services Market 2021 Trends, Growth, Opportunities and Forecast to 2027
Global Non-Destructive Testing Services Market 2021-2027
New Study Reports ” Global Non-Destructive Testing Services Market 2021, Analysis, Growth, Size, Trends Forecasts 2027″ has been Added on MarketResearchFuture.
Report Overview
Starting with the overview of the Global Non-Destructive Testing Services Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2021 has been considered as the base year, with the forecast period extending to 2027.
Non-Destructive Testing Services Market is Expected to Reach Approximately USD 26 billion by 2023
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 Global Non-Destructive Testing Services Market. Also, increase in the use of renewable energy resources is another major factor responsible for driving the growth of Global 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.
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 Non-Destructive Testing Services Market is expected to grow.
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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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Complete Report Details@ https://www.marketresearchfuture.com/reports/non-destructive-testing-services-market-5580
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Non-Destructive Testing Services Market
And more
Continued…
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