The global NDT equipment market registered good growth during 2007-2012. The market is forecast to reach $2.052 billion by 2018 and continue its growth through 2018, propelled by strong growth of infrastructural and industrial development.
Non-destructive testing (NDT) equipment is attractive for the industrial market, especially for large-scale industries.Expected growth of the wind and renewable energy markets drives the production of new technologies for producing electricity thus, triggering the use of NDT techniques for proper maintenance of those technologies.The global NDT equipment market registered good growth during 2007-2012. The market is forecast to reach $2.052 billion by 2018 and continue its growth through 2018, propelled by strong growth of infrastructural and industrial development.
Lucintel, a leading global management consulting and market research firm, has analyzed the global NDT equipment market and offers its findings in its comprehensive research report, "Growth Opportunities in Global Non-Destructive Testing Equipment Market 2013-2018: Trend, Forecast, and Opportunity Analysis."The report studies the non-destructive testing equipment market worldwide with an in-depth analysis of North America, Europe, Asia Pacific (APAC), and the Rest of the World regions.
Lucintel identifies two major growth challengesfor the market: harmful radiation and lack of qualified personnel.Safety, reliability, and stern government safety regulationsare the drivers that provide the market with competitive advantage. The booming energy and renewable industry is another major driver of the market.
Demand for NDT is powered by technological improvements along with emerging new applications and solutions such as material testing, increased energy demands, complex machinery, and technologies. Concerns over cost and production efficiencies fuel demand for NDT testing techniques. Power generation segments such as wind energy and nuclear power are providing opportunity to the market.
This Lucintel research report provides recent market scope and overview, global macroeconomic overview, relative market attractiveness by region, annual market trend, emerging trends, market forecasts, Porter's Five Forces Analysis, and the profitability analysis of the major market players. This study also provides up-to-date information on the market share, profit margins, capabilities, and strategies of the leaders. The report helps current suppliers realistically assess their capabilities and strategies vis-a-vis leading competitors. It is designed to provide executives with strategically significant competitor information, data analysis, and insight, critical to the development and implementation of effective marketing and sales plans.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel's service offerings include SWOT Analysis, Target Screening,and Merger and Acquisition Consulting.