Global Nondestructive Test Equipment Industry
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This report analyzes the worldwide markets for Nondestructive Test Equipment in US$ Million by the following Product Categories: Radiography, Ultrasonic Inspection, Visual Inspection, and Other NDT Equipment.
The report provides separate comprehensive analytics for the US, Canada, Europe, Asia-Pacific, Latin America, and Rest of World.
Annual estimates and forecasts are provided for the period 2010 through 2018. Also, a six-year historic analysis is provided for these markets.
The report profiles 136 companies including many key and niche players such as Acoustic Emission Consulting, Inc., Bosello HighTechnology SRL, Centurion NDT, Fischer Technology, Inc., FLIR Systems, Inc., Extech Instruments Corp., Fujifilm Corporation, FUJIFILM NDT Systems, GE Measurement & Control, Everest VIT Inc., Gould-Bass Company, Inc., Hamamatsu Photonics KK, Insight NDT Equipment Ltd., ibg NDT Systems Corporation, INSTITUT DR. FOERSTER GMBH & CO. KG, KARL DEUTSCH Pruef- und Messgeraetebau GmbH + Co KG, KARL STORZ GmbH & Co. KG, Magnaflux Corporation, Magnetic Analysis Corporation, MISTRAS Group, Inc., NDT Systems, Inc., NDTS India (P) Limited, NIKON CORPORATION, Olympus Corporation, Sonatest Ltd., SONOTRON NDT, Wesdyne NDE Products Group, YXLON International Inc., and Zetec Inc.
Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs.
I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
II. EXECUTIVE SUMMARY
1. INDUSTRY OVERVIEW II-1
NDT Equipment Market - A Prelude II-1
Impact of the 2007-2009 Recession in Retrospect II-2
Market Springs Back to Normalcy in 2010 II-3
Euro Zone Crisis & US Fiscal Cliff Concerns Fails to Deter
Growth in the Global Market II-3
Outlook II-5
Developing Countries to Spur Growth of NDT Market II-5
Infrastructure Development in Developing Countries Increases
Demand for Quality Inspection II-6
Aging Infrastructure in Developed Countries Drive Demand for
NDT Equipment II-6
Key Market Trends & Growth Drivers II-6
Power Generation Sector - The Traditional Revenue Contributor II-6
Expansion & Maintenance of Traditional Fossil Fuel Plants to
Drive Demand for NDT Equipment II-7
Continued Investments in Nuclear Power Plants to Boost
Market Prospects II-7
Opportunity Indicators: II-9
Table 1: World Market for Nuclear Power Generation (2011 &
2017): Breakdown of Annual Power Generation in Billion
Kilowatt-hours (kWh) by Region/Country (includes
corresponding Graph/Chart) II-9
Table 2: World Market for Nuclear Power Reactors: Net
Electrical Capacity by Leading Country (as of Mar 2013)
(includes corresponding Graph/Chart) II-9
Table 3: Number of Reactors In Operation by Region (as of
Mar 2013) (includes corresponding Graph/Chart) II-10
Growing Focus on Solar & Wind Power Augurs Well for NDT
Equipment Market II-10
Opportunity Indicators II-12
Table 4: World Installed Base of Wind Energy (In Megawatts)
by Geographic Region for Years 2012 & 2017F (includes
corresponding Graph/Chart) II-12
Table 5: World Solar Panels Market (2011 & 2017): Breakdown
of Annual Dollar Sales in US$ Million by Region/Country
(includes corresponding Graph/Chart) II-13
Healthy Outlook for Oil & Gas Bodes Well for NDT Equipment II-13
Discovery of Shale Gas Promises Bright Prospects for NDT
Equipment II-14
Military/Aerospace & Defense - Fastest Growing End-Use Market II-15
Opportunity Indicator II-16
Table 6: Military Spending in Select Countries (2011 &
2012): Breakdown of Amount Spent (in US$ Billion) and Rate
of Growth (%) (includes corresponding Graph/Chart) II-16
Automotive Sector - Opportunities Rife in OEM & Aftermarket
Segments II-16
Table 7: Global Production of Commercial Vehicles &
Passenger Cars for Years 2012, 2015 & 2017 by Geographic
Region (In 000 Units) (includes corresponding Graph/Chart) II-17
Booming Tire Retreading Business - A Major Opportunity II-18
Strong Growth in Primary Metals & Foundry in Developing
Countries: A Key Growth Driver II-18
Government Regulations Propel NDT Equipment Demand II-19
Demand for NDT Equipment for Testing Composites on the Rise II-20
NDT Inspection Service Providers - A Boon or a Bane? II-20
Technological Advances Spur Automated NDT Equipment Growth II-20
Automated NDT Equipment Sustains High Demand II-21
Miniaturization - The Current Trend II-21
Competition II-21
Increasing Competition Triggers Consolidation II-22
Quality and Customer Service - A Key Target for NDT Vendors II-22
Key Market Share Statistics II-22
Table 8: Global Ultrasonic Inspection Equipment Market
(2012): Percentage Breakdown of Value Sales by Leading
Companies (includes corresponding Graph/Chart) II-22
Table 9: Global Radiography Equipment Market (2012):
Percentage Breakdown of Value Sales by Leading Companies
(includes corresponding Graph/Chart) II-23
Table 10: Global Surface Inspection Equipment Market
(2012): Percentage Breakdown of Value Sales by Leading
Players (includes corresponding Graph/Chart) II-23
Table 11: Global Visual Inspection Equipment Market (2012):
Percentage Breakdown of Value Sales by Leading Players
(includes corresponding Graph/Chart) II-23
Table 12: Global Eddy Current Testing Equipment Market
(2012): Percentage Breakdown of Value Sales by Leading
Companies (includes corresponding Graph/Chart) II-24
Key Issues & Challenges II-24
High-Upfront Costs II-24
Shortage of Qualified Technicians - A Major Challenge for NDT
Vendors II-24
Lack of Awareness Leads to Slower Adoption of New
Technologies among End-Users II-24
Pollution and Operator Safety Concerns Impede Growth II-25
Lack of Advanced Technologies in Training Institutes II-25
NDT Services Market - A Complimentary Review II-25
NDT Equipment Demands High-Quality Services II-25
Developing Markets Driving the Growth of NDT Services II-25
Price Sensitivity and Lack of Safety Regulations - A Challenge II-26
Evolving Applications of NDT Inspection: A Positive Trend II-26
Reported Incidences of Recent Infrastructure Collapses II-26
Other Growth Drivers of NDT Inspection Services II-26
2. REVIEW OF SELECT PRODUCT TRENDS II-27
Ultrasonic Inspection II-27
Pricing & Distribution II-27
Table 13: World Ultrasonic Inspection Equipment Market by
End-Use Sector (2012) - Percentage Breakdown of Dollar Sales
for Automotive, Military/Aerospace & Defense, Power
Generation, Primary Metals and Foundry, Oil & Gas, and Other
Markets (includes corresponding Graph/Chart) II-28
Radiography II-28
Pricing & Distribution II-28
Table 14: World Radiography Equipment Market by End-Use
Sector (2012) - Percentage Breakdown of Dollar Sales for
Automotive, Military/Aerospace & Defense, Power Generation,
Primary Metals and Foundry, Oil & Gas, and Others (includes
corresponding Graph/Chart) II-29
Ultrasonic Testing Vs Radiographic Testing: The Battle Continues II-29
PAU Inspection Technology: A Promising Technology and a
Potential Growth Driver II-30
Ultrasonic Inspection Equipment Tend Towards Digitization II-31
Development of Remote Radiography Systems on the Rise II-31
Growth for Portable Radiography Inspection Systems Remains High II-31
Software Modules Take the Center Stage for Radiography
Inspection II-31
Surface Inspection II-31
Safety and Quality Concerns Continue to Influence Surface
Inspection Market II-32
Pricing & Distribution II-32
Table 15: World Surface Inspection Equipment by End-Use
Sector (2012) - Percentage Breakdown of Dollar Sales for
Automotive, Military/Aerospace & Defense, Power Generation,
Primary Metals and Foundry, Oil & Gas, and Others (includes
corresponding Graph/Chart) II-32
Visual Inspection II-33
Visual Inspection Vendors Focus on New Application Areas II-33
Remote Visual Inspection - Fast Gaining Prominence II-33
Pricing & Distribution II-34
Table 16: World Visual Inspection Equipment by End-Use
Sector (2012) - Percentage Breakdown of Dollar Sales for
Automotive, Military/Aerospace & Defense, Power Generation,
Primary Metals and Foundry, Oil & Gas, and Others (includes
corresponding Graph/Chart) II-34
Eddy Current Testing II-34
Persistent Demand for Specialized Tubes and Pipes Propel Eddy
Current Market II-35
Trend Towards 'In-Process' Inspection Drives Demand for Eddy
Current II-35
Table 17: World Eddy Current Testing Equipment by End-Use
Sector (2012) - Percentage Breakdown of Dollar Sales for
Automotive, Military/Aerospace & Defense, Power Generation,
Primary Metals and Foundry, Oil & Gas, and Others (includes
