The Europe Non-Destructive Testing (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.
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.
The report on the Europe Non-Destructive Testing (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 |
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.
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.
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.
In terms of regions, the Europe Non-Destructive Testing (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 Non-Destructive Testing (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.
The Europe NDT equipment market has been segmented on the basis of
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.
The Europe NDT equipment market has been segmented on the basis of
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.
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