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Regional Reports
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| Report Type | Extensive Report, Miniature report, Snapshot Report |
|---|---|
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Non-Destructive Testing (NDT) is a non-invasive technique to measure properties of a system, material without creating any damages. Properties of materials such as surface or internal flaws, metallurgical conditions and other are Measured. There are some NDT methods which depend on electromagnetic radiation, sound, inherent properties of materials and other to detect the flaws and damages in materials. Increase in the importance of the safety of the products and systems during operation, to decrease the labour and energy many key players are following NDT Techniques.
Asia Pacific Non-Destructive Testing Market Size & Growth:
Non-Destructive Testing Market size is projected to reach approximately $10.50 billion by the end of 2024 with a CAGR of close to 8.28% from $6.52 billion in 2017 during the forecast timeline 2018-2024. The major factors that propel the growth of the Non-Destructive Testing Market are raising the usage of NDT techniques in industries for safety and reliability of the product during operating process. This not only develops the safety and reliability. It also safeguards from any sudden shut down of machines and power plants. It also reduces the labour and energy and also decreases the cost of the machines by reducing scrap and unwanted materials. All the above factors accelerate the Non- Destructive Testing (NDT) Market.
Asia Pacific Non-Destructive Testing Market Share:
Asia Pacific Non-Destructive Testing Market is segmented on the basis of technology which consists of Ultrasonic Testing, Radiography Testing, Liquid Penetrant Testing, Magnetic Particle Testing and Electromagnetic Testing, Visual Inspection, Acoustic Emission Testing, Eddy Current, Thermography Testing. Among these testing’s Radiography, Testing and Ultrasonic Testing are having a decent market share. Ultrasonic Testing uses Ultrasonic pulse which are high-frequency waves to identify flaws, defects, and imperfections in metal components. One of the important testing done by Ultrasonic testing is to identify the corrosion in pipelines and other closed structures. Ultrasonic testing also detects the flaws and cracks which are deep in the materials or systems. Ultrasonic testing requires high skilled trainers as it affects the material surface if disturbances occur while testing. In Radiographic Testing X-rays, radioactive isotopes are used which observes or identifies the faults of the components inside any system or machine. In this testing radioactive signal is sent through the component and measuring the signal on the other side gives the faults or imperfections in the component. Radiographic testing is difficult to perform on the irregular surfaces since those irregularities affect the thickness of the material evaluated. These are the factors lead to the growth of the NDT Market. However, Liquid Penetrant Testing, Visual Inspection is also testing technologies which are slowly developing also holds a considerable share. On the basis of Technique, the market is segmented into Surface Examination, Volumetric Examination, Condition Monitoring, Integrity Examination. Among these Volumetric examinations is having the highest market and is expected to be the same during the forecast period. Volumetric Examination consists of ultrasonic and radiographic technologies. In Volumetric Examination the internal faults, defects inside materials can be observed by sending ultrasonic waves, radioactive isotopes and other. NDT is used in various end-user industries such as Aerospace & Defense, Oil & Gas, Power & Energy, Construction, Petrochemicals and other. On the basis of Geography, Asia Pacific is expected to hold the highest market due to the number of infrastructure projects, increase in government safety regulations are the factors accelerate the growth of the market.
Asia Pacific Non-Destructive Testing Market Trends:
- MISTRAS Group announces its acquisition of Non-Destructive Testing, LLC.
- YXLON International GmbH released YXLON FF35 CT High-Resolution Industrial CT System for Small/Medium Size Parts Inspection
Asia Pacific Non-Destructive Testing Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key players in the Asia Pacific Non-Destructive Testing Market are:
- Bosello High Technology
- Mistras Group, Inc.
- FLIR Systems
- Fujifilm Corporation
- GE Measurement & Control
Along with these companies, there were many other companies considered/cited in the report while analysing the Asia Pacific Non-Destructive Testing Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Increasing need for extending life of Aging Infrastructure
4.1.2 Raise in Complexity among Machines and Structures
4.1.3 To Maintain safety and efficient performance of machines
4.1.4 Stringent Safety Government regulations
4.2 Restraints
4.2.1 High Cost of NDT Equipment
4.2.2 Less availability of Skilled and qualified labour
4.3.3 Lack of Awareness
4.3 Opportunities
4.3.1 Increasing use of NDT Equipment
4.3.2 Large number of Infrastructure and New Power Generation Projects
4.4 Challenges
4.4.1 Unwillingness to adopt new NDT Techniques by Key Players
Chapter 5 Asia Pacific Non-Destructive Testing Market – By Type
5.1 Introduction
5.2 Equipment
5.3 Service
5.3.1 Consulting
5.3.2 Managed
5.3.3 Professional
Chapter 6 Asia Pacific Non-Destructive Testing Market – By Technique
6.1 Surface Examination
6.2 Volumetric Examination
6.3 Condition Monitoring
6.4 Integrity Examination
6.5 Other
Chapter 7 Asia Pacific Non-Destructive Testing Market – By Technology
7.1 Ultrasonic Testing
7.2 Radiography Testing
7.3 Liquid Penetrant Testing
7.4 Magnetic Particle Testing and Electromagnetic Testing
7.5 Visual Inspection
7.6 Acoustic Emission Testing
7.7 Eddy Current
7.8 Thermography Testing
Chapter 8 Asia Pacific Non-Destructive Testing Market – By End User
8.1 Aerospace & Defense
8.2 Oil & Gas
8.3 Power & Energy
8.4 Construction
8.5 Petrochemicals
8.6 Automotive
8.7 Other
Chapter 9 Asia Pacific Non-Destructive Testing Market – By Geography
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 Australia & New Zealand
9.2.5 South Korea
9.2.6 Others
Chapter 10 Asia Pacific Non-Destructive Testing Market – Company Profiles
10.1 Bosello High Technology
10.2 Mistras Group, Inc.
10.3 FLIR Systems
10.4 Fujifilm Corporation
10.5 GE Measurement & Control
10.7 Magnaflux
10.8 NDT Systems, Inc.
10.9 Nikon metrology
10.10 Olympus Corporation
10.11 Sonatest Ltd
10.12 Sonotron NDT
10.13 Zetec
10.14 YXLON International GmbH
Chapter 11 Asia Pacific Non-Destructive Testing Market – Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 12 Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
Chapter 13 Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Non-Destructive Testing (NDT) is a non-invasive technique to measure properties of a system, material without creating any damages. Properties of materials such as surface or internal flaws, metallurgical conditions and other are Measured. There are some NDT methods which depend on electromagnetic radiation, sound, inherent properties of materials and other to detect the flaws and damages in materials. Increase in the importance of the safety of the products and systems during operation, to decrease the labour and energy many key players are following NDT Techniques.
Asia Pacific Non-Destructive Testing Market Size & Growth:
Non-Destructive Testing Market size is projected to reach approximately $10.50 billion by the end of 2024 with a CAGR of close to 8.28% from $6.52 billion in 2017 during the forecast timeline 2018-2024. The major factors that propel the growth of the Non-Destructive Testing Market are raising the usage of NDT techniques in industries for safety and reliability of the product during operating process. This not only develops the safety and reliability. It also safeguards from any sudden shut down of machines and power plants. It also reduces the labour and energy and also decreases the cost of the machines by reducing scrap and unwanted materials. All the above factors accelerate the Non- Destructive Testing (NDT) Market.
Asia Pacific Non-Destructive Testing Market Share:
Asia Pacific Non-Destructive Testing Market is segmented on the basis of technology which consists of Ultrasonic Testing, Radiography Testing, Liquid Penetrant Testing, Magnetic Particle Testing and Electromagnetic Testing, Visual Inspection, Acoustic Emission Testing, Eddy Current, Thermography Testing. Among these testing’s Radiography, Testing and Ultrasonic Testing are having a decent market share. Ultrasonic Testing uses Ultrasonic pulse which are high-frequency waves to identify flaws, defects, and imperfections in metal components. One of the important testing done by Ultrasonic testing is to identify the corrosion in pipelines and other closed structures. Ultrasonic testing also detects the flaws and cracks which are deep in the materials or systems. Ultrasonic testing requires high skilled trainers as it affects the material surface if disturbances occur while testing. In Radiographic Testing X-rays, radioactive isotopes are used which observes or identifies the faults of the components inside any system or machine. In this testing radioactive signal is sent through the component and measuring the signal on the other side gives the faults or imperfections in the component. Radiographic testing is difficult to perform on the irregular surfaces since those irregularities affect the thickness of the material evaluated. These are the factors lead to the growth of the NDT Market. However, Liquid Penetrant Testing, Visual Inspection is also testing technologies which are slowly developing also holds a considerable share. On the basis of Technique, the market is segmented into Surface Examination, Volumetric Examination, Condition Monitoring, Integrity Examination. Among these Volumetric examinations is having the highest market and is expected to be the same during the forecast period. Volumetric Examination consists of ultrasonic and radiographic technologies. In Volumetric Examination the internal faults, defects inside materials can be observed by sending ultrasonic waves, radioactive isotopes and other. NDT is used in various end-user industries such as Aerospace & Defense, Oil & Gas, Power & Energy, Construction, Petrochemicals and other. On the basis of Geography, Asia Pacific is expected to hold the highest market due to the number of infrastructure projects, increase in government safety regulations are the factors accelerate the growth of the market.
Asia Pacific Non-Destructive Testing Market Trends:
- MISTRAS Group announces its acquisition of Non-Destructive Testing, LLC.
- YXLON International GmbH released YXLON FF35 CT High-Resolution Industrial CT System for Small/Medium Size Parts Inspection
Asia Pacific Non-Destructive Testing Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key players in the Asia Pacific Non-Destructive Testing Market are:
- Bosello High Technology
- Mistras Group, Inc.
- FLIR Systems
- Fujifilm Corporation
- GE Measurement & Control
Along with these companies, there were many other companies considered/cited in the report while analysing the Asia Pacific Non-Destructive Testing Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Increasing need for extending life of Aging Infrastructure
4.1.2 Raise in Complexity among Machines and Structures
4.1.3 To Maintain safety and efficient performance of machines
4.1.4 Stringent Safety Government regulations
4.2 Restraints
4.2.1 High Cost of NDT Equipment
4.2.2 Less availability of Skilled and qualified labour
4.3.3 Lack of Awareness
4.3 Opportunities
4.3.1 Increasing use of NDT Equipment
4.3.2 Large number of Infrastructure and New Power Generation Projects
4.4 Challenges
4.4.1 Unwillingness to adopt new NDT Techniques by Key Players
Chapter 5 Asia Pacific Non-Destructive Testing Market – By Type
5.1 Introduction
5.2 Equipment
5.3 Service
5.3.1 Consulting
5.3.2 Managed
5.3.3 Professional
Chapter 6 Asia Pacific Non-Destructive Testing Market – By Technique
6.1 Surface Examination
6.2 Volumetric Examination
6.3 Condition Monitoring
6.4 Integrity Examination
6.5 Other
Chapter 7 Asia Pacific Non-Destructive Testing Market – By Technology
7.1 Ultrasonic Testing
7.2 Radiography Testing
7.3 Liquid Penetrant Testing
7.4 Magnetic Particle Testing and Electromagnetic Testing
7.5 Visual Inspection
7.6 Acoustic Emission Testing
7.7 Eddy Current
7.8 Thermography Testing
Chapter 8 Asia Pacific Non-Destructive Testing Market – By End User
8.1 Aerospace & Defense
8.2 Oil & Gas
8.3 Power & Energy
8.4 Construction
8.5 Petrochemicals
8.6 Automotive
8.7 Other
Chapter 9 Asia Pacific Non-Destructive Testing Market – By Geography
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 Australia & New Zealand
9.2.5 South Korea
9.2.6 Others
Chapter 10 Asia Pacific Non-Destructive Testing Market – Company Profiles
10.1 Bosello High Technology
10.2 Mistras Group, Inc.
10.3 FLIR Systems
10.4 Fujifilm Corporation
10.5 GE Measurement & Control
10.7 Magnaflux
10.8 NDT Systems, Inc.
10.9 Nikon metrology
10.10 Olympus Corporation
10.11 Sonatest Ltd
10.12 Sonotron NDT
10.13 Zetec
10.14 YXLON International GmbH
Chapter 11 Asia Pacific Non-Destructive Testing Market – Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 12 Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
Chapter 13 Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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