Ultrasonic NDT Equipment Market Report – Global Outlook and Forecast 2027
Research Reports
Mar 21, 2022
Market Research Future (MRFR) has recently published a detailed report asserting that the global market for Ultrasonic Non-destructive testing equipment may reach USD 2.47 Bn by 2023. It can expand at a noteworthy CAGR of 9.87% from 2017 to 2023 (forecast period).
The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the Ultrasonic NDT Equipment market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
Ultrasonic non-destructive testing (NDT) is a method of determining the physical properties of a test piece such as ductility, impact resistance, fracture toughness, ultimate tensile strength and others. The Ultrasonic NDT equipment uses high-frequency sound waves for flaw detection or evaluation, material characterization, dimensional measurements and more. Rapid rise in urbanization and industrialization has generated massive demand for advanced technology in various sectors, leading to the expansion of ultrasonic non-destructive testing equipment market on the global level.
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Which segment will provide the most chance for Ultrasonic NDT Equipment growth Analysis till 2027?
The global Industry segmented into Silicon Carbide Power Semiconductor Industry Analysis by Size, type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile Ultrasonic NDT Equipment Market Forecasts 2027. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage Ultrasonic NDT Equipment Market. Ultrasonic NDT Equipment Market are used in various industries such as oil and gas, mining, transportation, and power utilities.
Which Top Market Participants are Consider for the highest Ultrasonic NDT Equipment market share?
GE Inspection Technologies (U.S.), Olympus Corporation (Japan), Sonatest (U.K.), Danatronic (U.S.), Eddyfi (Canada), James Instruments (U.S.), NDT Systems (U.S.), PaR systems (U.S.), Qualitest International (Canada) and Trinity NDT (India) among others.
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Apart from the uses and features, the global Ultrasonic NDT Equipment Industry faces challenges from vendor dependency, security issues, and other factors, which has restrained the global Ultrasonic NDT Equipment market growth. This file offers a complete outlook on the opposition, opportunities, drivers & restraints, and other factors affecting the neighborhood and global serverless architecture marketplace. The worldwide market is anticipated to sign in approximately 25 % annual growth in this era.
The market also benefits from the increasing research and development activities, resulting in the introduction of environment-friendly products that not only dissipate lower amount of heat but have enhanced mechanical properties. Another key trend gaining prevalence in the global market is the increasing focus on the electrification of vehicles, which is also giving rise to the production of light-weight vehicles and automotive brake friction products. The Ultrasonic NDT Equipment Market demand for in the developing regions can translate to tremendous business growth in the following period.
Ultrasonic NDT Equipment Market By Geography
Asia pacific
Europe
North America
The Middle East and Africa
Latin America
Market Segmentation
Ultrasonic NDT Equipment Market Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
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Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL Ultrasonic NDT Equipment MARKET, BY COMPONENT
1.2 GLOBAL Ultrasonic NDT Equipment MARKET, BY ORGANIZATION SIZE
1.3 GLOBAL Ultrasonic NDT Equipment MARKET, BY DEPLOYMENT
1.4 GLOBAL Ultrasonic NDT Equipment MARKET, BY END-USERS
1.5 GLOBAL Ultrasonic NDT Equipment MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
Continued…
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