Dublin, Oct. 17, 2023 (GLOBE NEWSWIRE) -- The "Non-Destructive Test (NDT) Equipment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Non-Destructive Test (NDT) Equipment Market to Reach $5.6 Billion by 2030
The global market for Non-Destructive Test (NDT) Equipment estimated at US$3.3 Billion in the year 2022, is projected to reach a revised size of US$5.6 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030.
Ultrasonic Testing, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$1.8 Billion by the end of the analysis period. Growth in the Radiography Testing segment is estimated at 6.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 8% CAGR
The Non-Destructive Test (NDT) Equipment market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$728.6 Million by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.
What`s New?
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Special discussions on the global economic climate and market sentiment
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Coverage on global competitiveness and key competitor percentage market shares
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Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
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Online interactive peer-to-peer collaborative bespoke updates
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Access to digital archives and trademarked research platform
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Complimentary updates for one year
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Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
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Non-Destructive Test (NDT) Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
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Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
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World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
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How Manufacturing, Logistics & Transport, and Automotive Have & Continue to be Impacted by the Pandemic & What's the New Normal?
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Manufacturing & Machinery End-Use Industry
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Global Machine Tools Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
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Global Manufacturing Automation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
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Transportation & Logistics End-Use Sector
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Global Transportation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
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Automotive End-Use Industry
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Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
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An Introduction to Non-Destructive Test (NDT) Equipment
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Comparison of Key NDT Techniques
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Global Market Prospects & Outlook
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Analysis by Technique
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Global Non-Destructive Test (NDT) Equipment Market by Technique (2021 & 2027): Percentage Breakdown of Sales for Ultrasonic Testing, Radiography Testing, Magnetic Particle Testing & Electromagnetic Testing, Visual Inspection Testing, Eddy-Current Testing, Liquid Penetrant Testing, and Other Techniques
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Analysis by End-Use
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Global Non-Destructive Test (NDT) Equipment Market by End-Use (2021 & 2027): Percentage Breakdown of Sales for Manufacturing, Oil & Gas, Power Generation, Construction, Automotive & Transportation, Aerospace & Defense, and Other End-Uses
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Regional Analysis
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World Non-Destructive Test (NDT) Equipment Market by Region (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
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World Non-Destructive Test (NDT) Equipment Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
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Competitive Scenario
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Recent Market Activity