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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 inspection services.
The study also discusses key market drivers and restraints and provides prevalent market and technology trends and growth opportunities. It sheds light on some of the key initiatives by competitors: Applus+ RTD, Bureau Veritas, and others.
This study aims to analyze and forecast the NDT inspection services market from 2017 to 2022. It discusses various market dynamics, drivers, and restraints impacting the market in Indonesia, Thailand, and Vietnam. The report also provides information on key end users and opportunities in the industry. The study features a comparison between companies based on a few select parameters. Growth opportunities in the NDT inspection services market have also been included in the study.
Key Issues Addressed
The NDT inspection services market is expected to exhibit strong growth in these emerging countries owing to steady Foreign Direct Investment (FDI) inflows and favorable government policies in the region. Worth $64.0 million in 2017, the market’s revenues are expected to reach $76.7 million in 2022, at a steady CAGR of 3.7%, with growth rates and revenues varying across end-user verticals and countries.
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