According to a new report on the Non-Destructive Testing and Inspection Market released by insightSLICE, increased investment by manufacturers to introduce innovative products to the market is expected to drive growth.

Global Non-destructive testing and inspection Market size 2021 | The impact of Covid-19 on the global healthcare industry analysis by size, trends, growth, share, key players, merger, statistics, competitive landscape and regional forecast to 2031 is the latest study published by insightSLICE. The non-destructive testing and inspection market is expected to grow at a CAGR of 8.0% by 2030. The non-destructive testing and inspection market has been growing steadily over the past decade. The contribution of market players in terms of innovation, turnover and geographic penetration has been remarkable.

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The addition to the application portfolio is another reason for the growth of the non-destructive testing and inspection market. Favorable regulations from regulatory authorities contribute to the growth of the market. Demand in all areas of application has been dynamic from the start. This is due to the wide range of options offered by market players.

Qualitative analysis

The research report includes a separate chapter for qualitative analysis. We took a descriptive approach when writing the chapter. Both macro and micro economic factors define market share and growth. These factors have been carefully understood through secondary and primary sources. All these factors have been explained under headings, namely growth factors, growth restraining factors, market and technology trends etc. Based on contribution and growth potential, five countries were chosen for the PESTEL analysis and the same was described in the report.

Competitive intelligence

The non-destructive testing and inspection market is highly competitive with a mix of global and regional players. Major players strive to maintain their share while regional players strive to meet domestic demand. The import-export trade is actively carried out by global players with the support of intermediaries. The report explains the composition of the non-destructive testing and inspection market. The market share held by major global players is estimated and presented in this report. A dedicated section includes the profiles of the main players in the global market. Profiles include information relating to geographic reach, offerings, financial performance, strategic movements, etc.

The major players active in the global non-destructive testing and inspection market include Inspection Acuren, Inc., Applus Services, SA, Bureau Veritas SA., Fujifilm Company, GE measurement and control, Intertek Plc Group, Magnaflux Corp., MISTRAS Group, Nikon Metrology Inc., Olympe Society, SGS Group, TEAM Inc., TÃœV Rheinland AG, YXLON International GmbH (COMET Group).

Market segmentation as below:

By technology: visual testing, magnetic particle testing, penetrant testing, eddy current testing, ultrasonic testing, x-ray testing, acoustic emission testing and others

By method: visual inspection, surface inspection, volumetric inspection and others

By service: inspection services, equipment rental services, training services, calibration services and others

By business sector: automotive, oil and gas, aerospace and defense, manufacturing, energy and utilities, and others

(Regional production, demand and forecast by country)

The performance of the Non-Destructive Testing and Inspection market in five major global geographies, North America, Europe, Asia-Pacific, Middle East & Africa, and South America, was independently assessed. There are specific chapters for each region and they include a cross-sectional analysis. The trends prevailing in the main countries of each region have been carefully identified and explained. The root level developments that have been captured by the author of this report have led to some insightful data.

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Market sizing and forecasting

Based on significant primary and documentary research along with analysts understanding, the revenue of Non-Destructive Testing and Inspection market has been estimated. A balanced approach including bottom-up and top-down searches leads to high precision. Documentary research sources include company annual reports, white papers, organization statistics, paid databases, etc. While the primary sources are first-hand and include contributions from ecosystem participants, i.e. manufacturers, intermediaries, integrators, consultants, buyers and end users. Data validation is ensured because there is an understanding of supply and demand. The growth of the Non-Destructive Testing and Inspection Market is influenced by factors such as demand in all applications, regulatory framework, geographic penetration, etc.

Consequences of COVID-19

The unforeseen global crisis: COVID-19, has made it difficult for almost every industry and the non-destructive testing and inspection market is no exception. In order to obtain real-time developments of the Non-Destructive Testing and Inspection market, our analysts have been in touch with active participants of the industry. The consequences of the pandemic and the temporary arrangements made by ecosystem participants to deal with the situation have been cited in this report. The estimates of industry players and our analysts related to the recovery path were highlighted.

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About Us:

insightSLICE is a market intelligence and strategy consulting company. The company provides tailor-made, ready-to-use market research. The main focus of the company is strategy consulting to provide end-to-end solutions. The creation of insightSLICE was made to support established businesses, start-ups as well as non-profit organizations in various industries including packaging, automotive, healthcare, chemicals and materials, l industrial automation, consumer goods, electronics and semiconductors, computing and telecommunications, and energy. among others.

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