Impact of Mega Trends on the Mechanical Test Market

Macro to Micro Implications of Global Mega Trends

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The objective of this research service is to identify and understand the key Mega Trends in the mechanical test industry that will impact and shape a country’s economy, society, and culture. Frost & Sullivan’s mechanical test program covers a wide range of industrial inspection and monitoring markets and technologies, including non-destructive testing (NDT), condition monitoring, material testing, and dimensional metrology. Mega Trends are transformative, global forces that define the future world with their far-reaching impacts on businesses, societies, economies, cultures, and personal lives. They include urbanization, technology, infrastructure, political, and industry-specific trends.

Table of Contents

Executive SummaryDefinition of Mega Trends and Top Mega Trends Frost & Sullivan TracksExecutive Summary—OverviewExecutive Summary—NDT OverviewExecutive Summary—Condition Monitoring OverviewExecutive Summary—Dimensional Metrology OverviewExecutive Summary—Material Testing OverviewExecutive Summary—Key FindingsExecutive Summary—Mega Trends Driving the Mechanical Test MarketOpportunities in Nondestructive TestingOpportunities in Condition MonitoringOpportunities in Dimensional MetrologyOpportunities in Material TestingExecutive Summary—The 10 Key Industries of the FutureAssociated MultimediaResearch Scope, Objectives, and MethodologyResearch ScopeResearch Aims and ObjectivesResearch BackgroundFrom Macro to Micro TrendsConnectivity and ConvergenceConvergence in the Mechanical Test IndustryMacro to Micro Implications on the Mechanical Test IndustryCase Study—Creaform’s Pipeline Integrity Assessment SolutionKey Challenges Impacting the NDT IndustryCase Study—GE Measurement & Control’s Mentor EMConnectivity and ConvergenceBig Data AnalyticsImpact of Big Data on the Global Condition Monitoring MarketMacro to Micro ImplicationsCase Study—GE’s Industrial Internet PlatformSmart is the New GreenOverview and Introduction—Definition of Smart CitiesGlobal Smart Cities in 2025Smart is the New Green—Macro to Micro Implications on the Mechanical Test Market.Case Study—Continuous Corrosion Monitoring by PermasenseBeyond BRICThe Next Game Changers in 2025Turkey—Future Power ConsumptionRenewable Energy in Latin AmericaOil and Gas Activity in AfricaNumber of Active Rigs in AfricaImpact on the Mechanical Test MarketSocial TrendsSocial Trends—Aging Population Social Trends—Working Age Demographic Dividend Social Trends—Macro to Micro Implications on the Mechanical Test Market NDT Training Services Market Driven by Lack of Technicians Urbanization—City as a CustomerGlobal Megacities Application Opportunities for NDT Inspection Service ProvidersOpportunities in Nondestructive TestingMarket Opportunity—North AmericaCanadian Oil SandsShale Oil and Gas in United StatesMerger and Acquisition Activity Driven by Increasing Shale Oil and Gas ProductionInnovating To ZeroExamples of Innovating to ZeroIndustry 4.0—Europe Rethinks ManufacturingIndustry 4.0 to Drive “Fourth” Industrial RevolutionOpportunities in Dimensional MetrologyCurrent State of the Global Dimensional Metrology MarketIndustry 4.0 and Dimensional MetrologyNew Business ModelsOverview and Introduction—Examples of New Business Models‘Value for Many’ Business ModelsNew Business Models—Macro to Micro Implications on the Mechanical Test MarketBricks and ClicksFuture of Retail—Bricks and ClicksFuture of UK Brick-and-mortar Stores—From Big Box to Small BoxMacro to Micro Implications on the Mechanical Test MarketCurrent Trends in the Global Mechanical Test MarketIndustry Trends Impacting the Mechanical Test MarketDimensional Metrology—Technology Lifecycle AnalysisInnovating to ZeroThe New Era of 3D ScannersMarket Opportunities for NDT Inspection ServicesMarket Opportunities for NDT Inspection Services (continued)Market Opportunities for NDT Inspection Services (continued)Opportunities in Material Testing Conclusion and Snapshot of Mega TrendsKey Conclusions and Future Outlook Mega Trend Matrix AppendixInvestments in Infrastructure DevelopmentShale GasOutlook for Coal-fired Generation—Installed Capacity ForecastsOutlook for Gas-fired Generation—Installed Capacity ForecastsOutlook for Nuclear Power GenerationOutlook for Nuclear Power Generation—Installed Capacity ForecastsOutlook for Wind Power—Installed Capacity ForecastsChina—Public Infrastructure SpendingChina—Mega ProjectsIndia—Infrastructure Investment Trends (2007–2017)Middle East




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