Description
For the European NDT inspection services market, the past 5 years have been torrid with the much discussed sovereign debt crisis crippling many economies. While some economies have turned around, the NDT inspection services market took a fresh blow when oil prices started declining to their lowest level in over 12 years. There are pockets of growth in this market, but the NDT inspection service participants need to strategically navigate choppy waters. Wind energy is emerging as an interesting market for growth over the next 5 years, as it has become the major source of energy generation in Europe. Many windmills are aging and inspection of these is opening avenues for NDT inspection services in this vertical market.
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