NEW YORK, Jan. 24, 2017 /PRNewswire/ -- The LAMEA Non Destructive Testing Equipment market would register a growth of 13.0% CAGR during the forecast period.
Stringent government regulations across different geographical regions due to growing incidences of infrastructure failures, need to extend the life of obsolete infrastructure, and maintenance optimization by various industries for efficient operations & quality/safety assurance are the factors that would drive the growth of the Non Destructive Testing market.
Based on NDT testing method, the market is classified into ultrasonic testing, radiography testing, visual inspection testing, magnetic particle testing & electromagnetic testing, eddy-current testing, liquid penetrant testing, and others.
Non-destructive testing is conducted mainly to determine if a component is compromised or to identify the need for replacement. The tests are designed to ensure the safety of both testers and tested products.
Additionally, in industries with volatile or high-pressure equipment and machinery, non-destructive testing is a lifesaving measure. The aim of non-destructive testing, is to identify and resolve compromises in equipment which would otherwise mean disastrous.
The report highlights the adoption of Non-Destructive Testing Equipment market in LAMEA (Latin America, Middle East and Africa). 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA.
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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