Non-destructive testing (NDT) equipment is attractive
for the industrial market, especially for large-scale industries.Expected growth of
the wind and renewable energy markets drives the production of new technologies
for producing electricity thus, triggering the use of NDT techniques for proper
maintenance of those technologies.The global NDT equipment market registered good growth during 2007-2012.
The market is forecast to reach $2.052 billion by 2018 and continue its growth
through 2018, propelled by strong growth of infrastructural and industrial
development.
Lucintel, a
leading global management consulting and market research firm, has analyzed the
global NDT equipment market and
offers its findings in its comprehensive research report, “Growth
Opportunities in Global Non-Destructive Testing Equipment Market 2013-2018: Trend, Forecast, and Opportunity Analysis.”The report studies the
non-destructive testing
equipment market worldwide with an
in-depth analysis of North America, Europe, Asia Pacific (APAC), and the Rest
of the World regions.
Lucintel identifies two major growth challenges for the
market: harmful radiation and lack of qualified personnel.Safety, reliability,
and stern government safety regulationsare the drivers that provide the market with competitive
advantage. The booming
energy and renewable industry is another major driver of the market.
Demand for NDT is powered by technological
improvements along with emerging new applications and solutions such as
material testing, increased energy demands, complex machinery, and
technologies. Concerns over cost
and production efficiencies fuel demand for NDT testing techniques. Power
generation segments such as wind energy and nuclear power are providing
opportunity to the market.
This Lucintel
research report provides recent market scope and overview, global macroeconomic overview, relative market
attractiveness by region, annual market trend, emerging trends, market
forecasts, Porter's Five Forces Analysis, and the profitability analysis
of the major market players. This study also provides up-to-date information on
the market share, profit margins, capabilities, and strategies of the leaders.
The report helps current suppliers realistically assess their capabilities and
strategies vis-a-vis leading competitors. It is designed to provide executives
with strategically significant competitor information, data analysis, and
insight, critical to the development and implementation of effective marketing
and sales plans.
For
a detailed table of contents and pricing information on this timely, insightful
report, contact Lucintel at +1-972-636-5056 or via email at
helpdesk@lucintel.com. Lucintel’s service offerings include SWOT Analysis, Target Screening,and Merger and Acquisition Consulting.
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