NDT Equipment Market

Europe NDT Equipment Market by Types (Equipment and Services), Technologies (Radiography, Ultrasonic, Magnetic Particle, Liquid Penetrant, Visual Inspection, and Others), End-users (Oil & Gas, Power & Energy, Construction, Aerospace & Defense, and Others), and Geography (Germany, France, Italy, Russia, The UK, and Rest of Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-2791
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 186
  • Format:
  • Pub. Date: Upcoming
  • Share:

The Europe NDT equipment market size is anticipated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increase in failure incidents.


Europe NDT Equipment Market key takeaways

Nondestructive testing (NDT) is the application of measuring techniques to find fault and discontinuity in material, element, or structure. Quality assurance certifications, such as ISO 9001 quality management system are required for businesses. Furthermore, the number of businesses that use nondestructive inspection (NDI) to optimize operations, decrease waste, and restrict liability has risen dramatically. The European Committee for Standardization (CEN) is the acknowledged Europe-based institution for planning, developing, and implementing European Standards in all sectors of economic activity except for electro-technology and telephony.

Market Trends, Drivers, Restraints, and Opportunities

  • Implementation of stringent safety government regulations is anticipated to drive the market growth during forecast period.
  • Rising requirement for extending the life of obsolete infrastructure and maintenance optimization by various industries for efficient operations and quality is expected to boost the market expansion.
  • Lack of skilled technicians can hamper the NDT equipment market growth.
  • Increasing utilization of advanced materials is providing lucrative opportunities for the market growth.

Scope of the Report

The report on the Europe NDT equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Europe NDT Equipment Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Equipment and services), Technologies (Radiography, Ultrasonic, Magnetic Particle, Liquid Penetrant, Visual Inspection, and Others), End-users (Oil & Gas, Power & Energy, Construction, Aerospace & Defense, and Others)

Geographical Scope

Germany, France, Italy, Russia, The UK, and Rest of Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Intertek Group PLC; XYLON International; Logos Imaging LLC.; Applus+; and Bureau Veritas

 

Europe NDT Equipment Market Segment Insights

Equipment segment is expected to grow at a rapid pace

Based on types, the market is divided into equipment and services. The equipment segment is expected to grow at a rapid pace during the forecast period due to increasing manufacturing activities. On the other hand, the services segment is estimated to grow at a rapid pace in the projected timeline.

Ultrasonic segment is projected to expand at a considerable CAGR

On the basis of technologies, the market is segregated into radiography, ultrasonic, magnetic particle, liquid penetrant, visual inspection, and others. The ultrasonic segment is projected to expand at a considerable CAGR during the forecast period due to the advancements in automation and electronics industries.


Europe NDT Equipment Market by te4chnologies

Oil & gas segment is anticipated to account for a significant market share.

Based on end-users, the market is divided into oil & gas, power & energy, construction, aerospace & defense, and others. The oil & gas segment is projected to account for a significant market share during the forecast period owing to substantial production of oil and gas reserves, increasing exploration operations, and nuclear power plant construction.


Europe NDT Equipment Market end users

The UK is anticipated to constitute a key market share

In terms of regions, the Europe NDT equipment market is categorized as Germany, France, Italy, Russia, the UK, and Rest of Europe. The UK is expected to constitute a key share of the market during the projected period due to presence of some of the major NDT equipment manufacturers, such as NDT Equipment Supplies Limited and NDT Consultants Ltd. Moreover, the UK is attempting to acclimatize to life after Brexit. It has failed to have solid arrangements for a seamless withdrawal from the European Union.

Segments

Segments Covered in the Report
The Europe NDT equipment market has been segmented on the basis of

Types

  • Equipment
  • Services
Technologies
  • Radiography
  • Ultrasonic
  • Magnetic Particle
  • Liquid Penetrant
  • Visual Inspection
  • Others
End-users
  • Oil & Gas
  • Power & Energy
  • Construction
  • Aerospace & Defense
  • Others
Geography
  • Germany
  • France
  • Italy
  • Russia
  • The UK
  • Rest of Europe
Key Players
  • Intertek Group PLC
  • XYLON International
  • Logos Imaging LLC.
  • Applus+
  • Bureau Veritas

Competitive Landscape

Key players competing in the Europe NDT equipment market are Intertek Group PLC; XYLON International; Logos Imaging LLC.; Applus+; and Bureau Veritas.

The end-user demand is driven by safety and regulatory requirements, and market players are taking advantage of strategic collaboration initiatives to deliver specialized solutions to grow their market share, and enhance profits. Companies in the market are also involved in mergers and acquisitions, which assist to improve the portfolio of markets covered.

Europe NDT Equipment Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. NDT Equipment Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. NDT Equipment Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. NDT Equipment Market - Supply Chain
  4.5. Global NDT Equipment Market Forecast
     4.5.1. NDT Equipment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. NDT Equipment Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. NDT Equipment Market Absolute $ Opportunity
5. Global NDT Equipment Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. NDT Equipment Market Size and Volume Forecast by Types
     5.3.1. Equipment
     5.3.2. Services
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global NDT Equipment Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. NDT Equipment Market Size and Volume Forecast by End Users
     6.3.1. Oil & Gas
     6.3.2. Power & Energy
     6.3.3. Construction
     6.3.4. Aerospace & Defense
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global NDT Equipment Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. NDT Equipment Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global NDT Equipment Demand Share Forecast, 2019-2026
8. North America NDT Equipment Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America NDT Equipment Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America NDT Equipment Market Size and Volume Forecast by Types
     8.4.1. Equipment
     8.4.2. Services
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America NDT Equipment Market Size and Volume Forecast by End Users
     8.7.1. Oil & Gas
     8.7.2. Power & Energy
     8.7.3. Construction
     8.7.4. Aerospace & Defense
     8.7.5. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America NDT Equipment Demand Share Forecast, 2019-2026
9. Latin America NDT Equipment Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America NDT Equipment Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America NDT Equipment Market Size and Volume Forecast by Types
     9.4.1. Equipment
     9.4.2. Services
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America NDT Equipment Market Size and Volume Forecast by End Users
     9.7.1. Oil & Gas
     9.7.2. Power & Energy
     9.7.3. Construction
     9.7.4. Aerospace & Defense
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America NDT Equipment Demand Share Forecast, 2019-2026
10. Europe NDT Equipment Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe NDT Equipment Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe NDT Equipment Market Size and Volume Forecast by Types
     10.4.1. Equipment
     10.4.2. Services
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe NDT Equipment Market Size and Volume Forecast by End Users
     10.7.1. Oil & Gas
     10.7.2. Power & Energy
     10.7.3. Construction
     10.7.4. Aerospace & Defense
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe NDT Equipment Demand Share Forecast, 2019-2026
11. Asia Pacific NDT Equipment Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific NDT Equipment Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific NDT Equipment Market Size and Volume Forecast by Types
     11.4.1. Equipment
     11.4.2. Services
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific NDT Equipment Market Size and Volume Forecast by End Users
     11.7.1. Oil & Gas
     11.7.2. Power & Energy
     11.7.3. Construction
     11.7.4. Aerospace & Defense
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific NDT Equipment Demand Share Forecast, 2019-2026
12. Middle East & Africa NDT Equipment Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa NDT Equipment Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa NDT Equipment Market Size and Volume Forecast by Types
     12.4.1. Equipment
     12.4.2. Services
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa NDT Equipment Market Size and Volume Forecast by End Users
     12.7.1. Oil & Gas
     12.7.2. Power & Energy
     12.7.3. Construction
     12.7.4. Aerospace & Defense
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa NDT Equipment Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global NDT Equipment Market: Market Share Analysis
  13.2. NDT Equipment Distributors and Customers
  13.3. NDT Equipment Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Intertek Group PLC
     13.4.2. XYLON International
     13.4.3. Logos Imaging LLC.
     13.4.4. Applus+
     13.4.5. Bureau Veritas

Segments Covered in the Report
The Europe NDT equipment market has been segmented on the basis of

Types

  • Equipment
  • Services
Technologies
  • Radiography
  • Ultrasonic
  • Magnetic Particle
  • Liquid Penetrant
  • Visual Inspection
  • Others
End-users
  • Oil & Gas
  • Power & Energy
  • Construction
  • Aerospace & Defense
  • Others
Geography
  • Germany
  • France
  • Italy
  • Russia
  • The UK
  • Rest of Europe
Key Players
  • Intertek Group PLC
  • XYLON International
  • Logos Imaging LLC.
  • Applus+
  • Bureau Veritas

Key players competing in the Europe NDT equipment market are Intertek Group PLC; XYLON International; Logos Imaging LLC.; Applus+; and Bureau Veritas.

The end-user demand is driven by safety and regulatory requirements, and market players are taking advantage of strategic collaboration initiatives to deliver specialized solutions to grow their market share, and enhance profits. Companies in the market are also involved in mergers and acquisitions, which assist to improve the portfolio of markets covered.

Europe NDT Equipment Market by key players

Buy Report