SAN FRANCISCO, Feb. 19, 2019
SAN FRANCISCO, Feb. 19, 2019 /PRNewswire/ -- The global non-destructive testing market size is projected to reach USD 21.20 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.0% during the forecast period. Increasing manufacturing activities in developing as well as developed nations are poised to bolster market growth over the forecast period.
Key suggestions from the report:
Read 83 page research report with TOC on "Non-Destructive Testing (NDT) Market Size, Share & Trends Analysis Report By Vertical, By Test Method (Visual, Magnetic Particle, Eddy Current, Ultrasonic, Radiographic), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/non-destructive-testing-equipment-services-market
Use of non-destructive testing helps in detecting faults precisely, reducing product/component failure probability, and cutting down costs incurred in repairs of components. Use of NDT also speeds up the process of manufacturing as possible faults are eliminated beforehand.
Technological advancements in the field are leading to introduction of methods with improved efficiency, which is working in favor of the market. Improvements in techniques used to perform NDT tests are ensuring less complicated execution, thereby boosting the deployment of NDT techniques in numerous vertical segments.
The ultrasonic testing segment is likely to witness significant growth owing to ease of handling equipment, abundant availability of skilled technicians, and precise fault detection. Based on vertical, the manufacturing segment is expected to deploy NDT techniques extensively over the forecast period owing to increasing awareness regarding their use and benefits.
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Grand View Research has segmented the global non-destructive testing (NDT) market based on test method, vertical, and region:
- Non-Destructive Testing (NDT) Test Method Outlook (Revenue, USD Million, 2014 - 2025)
- Non-Destructive Testing (NDT) Vertical Outlook (Revenue, USD Million, 2014 - 2025)
- Non-Destructive Testing (NDT) Regional Outlook (Revenue, USD Million, 2014 - 2025)
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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