21 Dec 2020  |  Global
Affordability and Enhanced User Experience Create New Growth Opportunities
The global non-destructive testing (NDT) services market revenue in 2020 is $8,865.9 million, and is expected to grow at a compound annual growth rate (CAGR) of 3.2% between 2020 and 2025. North America (NA) is the biggest market for NDT services, holding 32.4% of the global revenue. The Asia-Pacific (APAC) region is expected to witness the highest...
14 May 2019  |  Global
Revenue Growth Is Fueled by Non-intrusive Corrosion Monitoring
The corrosion monitoring plays a vital role in several industries and assists in raising productivity and decreasing the downtime. There is a clear shift from intrusive corrosion monitoring techniques to non-intrusive corrosion monitoring technique. This is mainly due to the inherent disadvantages related to safety in intrusive corrosion monitoring...
12 Oct 2018  |  Global
Oil & Gas Market Recovery and Online Monitoring Technologies Drive Growth
The non-destructive testing (NDT) inspection services market rebounded in 2017 after two years of negative growth. It is expected to transform over the next five years with the advent of new technologies, changing customer requirements regarding connectivity and analytics features, and novel business models. The market was worth $8.79 billion in 20...
23 Feb 2018  |  Asia Pacific
Regulatory Compliance Amidst Rapid Industrial Proliferation, Propelled by Favorable Government Policies for Investors to Drive the Overall Market Growth
With fluctuating and generally declining global oil prices, political instability, and many other factors, NDT inspection service providers have faced questions regarding their growth strategies going forward. Renewable energy is expected to be an emerging market for growth. Aging plant equipment and their inspection are opening up avenues for NDT ...
28 Dec 2017  |  Global
High Growth Potential in the APAC Region is Set to Drive the Overall Revenues by 2022
The global non-destructive testing (NDT) equipment market is projected to witness significant growth owing to infrastructure projects across the world, especially in the APAC region, along with the increasing demand to improve the quality and life cycle of machines. Some of the major companies involved in the production and manufacturing of non-d...
29 Jan 2016  |  Global
Software-Defined Instruments and Reinvented Business Models to Impact Market Outlook, Communication Test Revenues to Soar
This study provides a detailed analysis of how global Mega Trends are rapidly changing the business and technology landscape of the test and measurement industry from 2015 to 2025. It examines 6 segments of the industry: general purpose electronic test, data acquisition, communication test, non-destructive test, condition monitoring, and dimensiona...