Non-Destructive Testing (NDT) Market by Method (Ultrasonic, Radiography, Liquid Penetrant, Magnetic) worth 24.23 Billion USD by 2022

(EstateNewsWire.com, March 08, 2017 ) Browse 89 market data tables and 62 figures spread through 220 pages and in-depth TOC on “Non-Destructive Testing (NDT) Market - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/nondestructive-testing-market-257342201.html

Early buyers will receive 10% customization on reports.

With increasing automation in industrial manufacturing and infrastructure sectors, there has been a substantial increase in the demand for flaw detection related to cracks, porosity, and manufacturing disorders. The inspection of industrial components is mainly carried out with the help of non-destructive testing methods. Thus, increased demand for error-free production and service delivery from industries has contributed to the growth of the non-destructive testing market. Adherence to industrial safety norms is another significant factor driving the growth of the non-destructive testing market.

Among all methods, the visual inspection segment is expected to lead the NDT market during the forecast period

Visual inspection is considered as the primary NDT technique used for examination and evaluation of systems and components by utilizing human sensory systems, assisted by mechanical tools. Visual inspection technique is applicable in the aerospace & defense, automotive, oil & gas, petrochemical, power generation, industrial manufacturing, infrastructure, marine, offshore, and various other industries. It is the most common process of detecting faults that might lead to equipment failure. The simplicity as well as the economic benefits of visual inspection makes it a major contributor to the non-destructive testing market.

Download PDF Brochure :
http://www.marketsandmarkets.com/pdfdownload.asp?id=257342201

The oil & gas and power generation sectors registered the highest growth in G7 nations

Huge shale oil & gas reserves in countries such as the U.S., the U.K., Germany, France, and Italy have propelled the demand for non-destructive testing methods. This is due to the fact that NDT inspection deters equipment failure and prevents the probability of devastating accidents in case of technical and/or structural errors.

BRICS to witness highest growth in the non-destructive testing market during the forecast period

The recently discovered shale gas reserves in China have offered growth opportunities to industry players operating in the non-destructive testing market. Russia, China, and India have enhanced their defense spending to develop inspection facilities, thereby contributing to the growth of the NDT market in BRICS countries.

Key manufacturers of NDT equipment include MISTRAS Group, Inc. (U.S.), Olympus Corporation (Japan), GE Inspection Technologies (U.S.), Intertek Group PLC (U.K.), and SGS S.A. (Switzerland).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:

MarketsandMarkets

Mr. Rohan

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com