NEW YORK, Jan. 31, 2017 /PRNewswire/ -- The Europe Non Destructive Testing Equipment market would grow at a CAGR of 8.1% during the forecast period. Germany held major market share in 2015, and is projected to continue its dominance throughout the forecast period.
Ultrasonic testing would be the leading segment, and would hold the maximum market share, as ultrasonic testing has the ability to detect internal and hidden defect/discontinuity along with high penetration power and accuracy. However, liquid penetrant testing would register significant growth during the forecast period, largely due to low cost and its user-friendly approach.
Among the industry verticals, energy & power was the leading segment in 2015, largely due to rapidly growing number of power plants and equipment involved in the same. However, automotive & transportation would be the fastest growing segment during the forecast period.
The report highlights the adoption of Non-Destructive Testing Equipment market in Europe. Based on the Testing Method, the Non-Destructive Testing Equipment Market is segmented into Ultrasonic Testing, Radiography Testing, Visual Inspection Testing, Magnetic Particle Testing & Electromagnetic Testing, Eddy-Current Testing, Liquid Penetrant Testing and Others segment. Based on the Technique, the market is bifurcated into Volumetric Examination, Surface Examination and Other segments. According to the application, the Non-Destructive Testing Equipment Market is segmented into Oil & Gas, Energy & Power, Aerospace & Defense, Automotive & Transportation, Infrastructure, and other segments. The countries included in the report are Germany, UK, France, Russia, Spain, Italy and Rest of Europe.
Key players profiled in the report include Olympus Corporation, Intertek Group, SGS S.A., Ashtead Technology, Mistras Group, General Electric, Magnaflux and Yxlon International.
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