The global non-destructive testing (NDT) equipment market registered good growth from 2007 through 2012.The market is forecast to reach $2.052 billion by 2018, continuing its solid over the next five years (2013-2018).
The global non-destructive testing (NDT) equipment market registered good growth from 2007 through 2012.The market is forecast to reach $2.052 billion by 2018, continuing its solid over the next five years (2013-2018). Asia Pacific (APAC) dominated the market during 2007-2012 and is expected to continue its dominance due to high demand from key end-user industries such as manufacturing and oil and gas. Growing energy demands, greater investment in renewable, and diverse energy portfolios also fuel NDT equipment demand in APAC.
The report studies the global NDT equipment market worldwide with an in-depth analysis of North America, Europe, APAC, and the Rest of the World regions.
Lucintel identifies harmful radiation and lack of qualified personnel as major market growth challenges. Safety, reliability, booming energy and renewable industry, and stern government safety regulations are the drivers that provide the market with competitive advantage.
The development of infrastructure, increasing industrial development, and governments' tight regulations regarding safety and environmental issues are boosting the growth opportunities for the global NDT equipment market.
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