surface-examination-condition-monitoring-integrity-examination-technology-industrygeography-trends-forecast-2017-2022
Market Segmentation : The market for non-destructive testing solutions has been segmented by type ( equipment and service ), technique ( volumetric examination , surface examination , condition monitoring , integrity examination , and others ), technology ( radiography testing , ultrasonic testing , magnetic particle testing and electromagnetic testing , liquid penetrant testing , visual inspection , acoustic emission testing , thermography testing , eddy current , and others ) and industry ( oil & gas , power & energy , construction , petrochemicals , automotive , aerospace & defense , and others ). Rapid technological advancements and expanding end-user market has accelerated the demand for NDT solutions , globally . In 2015 , ultrasonic testing held the largest market share of 32.5 %, followed closely by radiography testing . Ultrasonic testing and radiography testing in the technology segments are expected to witness a significant influx . However , penetrant testing and visual inspection are projected to exhibit slow growth over the forecast period .
Technological innovations in the area of power production and aging oil refineries have led to a combined share of about 47 % for the power generation and oil & gas industries . Adoption of advanced NDT solutions in the European and APAC region is going to drive the market growth . The NDT market is geographically segmented into North America , Europe , Asia-Pacific , Latin America and the Middle East and Africa .
In 2015 , North America held the lion ' s share of the global NDT market and is anticipated to dominate throughout the forecast period . Huge investments in the energy industry and increasing power generation operations , especially in the nuclear energy segment , are significantly driving the North American market . Growing number of infrastructure projects in Asia-Pacific and South America have provided impetus to NDT services and equipment market in the region . Increasing government safety regulations in this region , combined with the environmental mandates on account of increasing pollution levels has made NDT Services mandatory in these emerging countries . Hence , these regions are expected to witness the highest growth in the global market and are anticipated to grow at a CAGR 9.8 % over the forecast period .
Some of the vendors mentioned in the report include : 1 . Bosello High Technology 2 . FLIR Systems 3 . Fujifilm Corporation 4 . GE Measurement & Control
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