Nondestructive Test Equipment - Global Strategic Business Report 2015: Automated NDT Equipment Sustains High Demand

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Feb 20, 2015, 08:28 ET

DUBLIN, Feb .20, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/k4f2hr/nondestructive) has announced the addition of the "Nondestructive Test Equipment - Global Strategic Business Report" report to their offering.

This report analyzes the worldwide markets for Nondestructive Test Equipment in US$ Million by the following product categories: Radiography, Ultrasonic Inspection, Visual Inspection, and Other NDT Equipment.

The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research.

The report profiles 131 companies including many key and niche players such as:

Acoustic Emission Consulting, Inc.
Bosello HighTechnology SRL
Centurion NDT, Inc.
Fischer Technology, Inc.
FLIR Systems, Inc.
Extech Instruments Corp.
Fujifilm Corporation
GE Measurement & Control
Everest VIT Inc.
Gould-Bass Company, Inc.
Hamamatsu Photonics K.K.
Insight NDT Equipment Ltd.
ibg NDT Systems Corporation
INSTITUT DR. FOERSTER GMBH & CO. KG
KARL DEUTSCH Pruef- und Messgeraetebau GmbH + Co KG
KARL STORZ GmbH & Co. KG
Magnetic Analysis Corporation
MISTRAS Group, Inc.
NDT Systems, Inc.
NDTS India
NIKON CORPORATION
Olympus Corporation
Sonatest Ltd.
SONOTRON NDT
Wesdyne NDE Products Group
YXLON International Inc.
Zetec Inc.

Key Topics Covered:

1. OUTLOOK

NDT Equipment Market
A Prelude
Impact of the 2007-2009 Recession in Retrospect
Market Stages a Recovery in 2010
Current & Future Outlook
Major Growth Drivers
Major Challenges

2. INDUSTRY OVERVIEW

Developing Countries to Spur Growth of NDT Market
Infrastructure Development in Developing Countries Increases Demand for Quality Inspection
Aging Infrastructure in Developed Countries Drive Demand for NDT Equipment
Government Regulations Propel NDT Equipment Demand
Demand for NDT Equipment for Testing Composites on the Rise
NDT Inspection Service Providers
A Boon or a Bane?
Technological Advances Spur Automated NDT Equipment Growth
Automated NDT Equipment Sustains High Demand
Miniaturization
The Current Trend
Competitive Scenario
Increasing Competition Triggers Consolidation
Quality and Customer Service
A Key Target for NDT Vendors
Key Market Share Statistics
Key Issues & Challenges
High-Upfront Costs
Shortage of Qualified Technicians
A Major Challenge for NDT Vendors
Lack of Awareness Leads to Slower Adoption of New Technologies
Pollution and Operator Safety Concerns Impede Growth
Lack of Advanced Technologies in Training Institutes

3. KEY MARKET TRENDS & GROWTH DRIVERS

Improvement in Global GDP Performance Bodes Well for the Market
Power Generation Sector
The Traditional Revenue Contributor
Expansion & Maintenance of Traditional Fossil Fuel Plants to Drive Demand for NDT Equipment
Continued Investments in Nuclear Power Plants to Boost Market Prospects
Opportunity Indicators:
Increasing Natural Gas Production Spurs Demand for NDT Equipment
Healthy Outlook for Oil & Gas Bodes Well for NDT Equipment
Shale Gas Exploration and Production Drive Demand for NDT Equipment
Discovery of Shale Gas Promises Bright Prospects for NDT Equipment
Growing Preference of NDT Equipment in Marine Industry
Healthy Outlook for the World Commercial Aviation Industry Drives Demand for NDT Products & Services
Defense Aerospace Presents Steady Growth Prospects
Automotive Sector
Opportunities Rife in OEM and Aftermarket Segments
Booming Tire Retreading Business
A Major Opportunity
Strong Growth in Primary Metals & Foundry in Developing Countries: A Key Growth Driver

4. NDT SERVICES MARKET A REVIEW

NDT Equipment Demands High-Quality Services
Developing Markets Driving the Growth of NDT Services
Price Sensitivity and Lack of Safety Regulations
A Challenge
Evolving Applications of NDT Inspection: A Positive Trend
Reported Incidences of Infrastructure Collapses in Recent Past
Other Growth Drivers of NDT Inspection Services

5. REVIEW OF SELECT PRODUCT TRENDS

Ultrasonic Inspection
Distribution
Percentage Breakdown of Dollar Sales for Automotive, Military/Aerospace & Defense, Oil & Gas, Power Generation, Primary Metals and Foundry, and Others (includes corresponding Graph/Chart)
Radiography
Distribution
Percentage Breakdown of Dollar Sales for Automotive, Military/Aerospace & Defense, Oil & Gas, Power Generation, Primary Metals and Foundry, and Others (includes corresponding Graph/Chart)
Ultrasonic Testing Vs Radiographic Testing: The Battle Continues
PAU Inspection Technology: A Promising Technology and a Potential Growth Driver
Ultrasonic Inspection Equipment Tend Towards Digitization
Development of Remote Radiography Systems on the Rise
Growth for Portable Radiography Inspection Systems Remains High
Software Modules Take the Center Stage for Radiography Inspection
Surface Inspection
Safety and Quality Concerns Continue to Influence Surface Inspection Market
Distribution
Percentage Breakdown of Dollar Sales for Automotive, Military/Aerospace & Defense, Oil & Gas, Power Generation, Primary Metals and Foundry, and Others (includes corresponding Graph/Chart)
Visual Inspection
Visual Inspection Vendors Focus on New Application Areas
Remote Visual Inspection
Fast Gaining Prominence
Distribution
Percentage Breakdown of Dollar Sales for Automotive, Military/Aerospace & Defense, Oil & Gas, Power Generation, Primary Metals and Foundry, and Others (includes corresponding Graph/Chart)
Eddy Current Testing
Persistent Demand for Specialized Tubes and Pipes Propel Eddy Current Market
Trend towards In-Process' Inspection Drives Demand for Eddy Current
Percentage Breakdown of Dollar Sales for Automotive, Military/Aerospace & Defense, Oil & Gas, Power Generation, Primary Metals and Foundry, and Others (includes corresponding Graph/Chart)
Mixed Fortunes for Magnetic Particle Inspection

6. PRODUCT OVERVIEW

Defining Nondestructive Testing
Why NDT is Required?
Reasons to Use Nondestructive Testing
Key Events in Industrial NDT (1895-1950)
Where NDT is Used?
Structural Mechanics
Weld Verification
Application Areas of NDT Techniques
Classification of NDT Methods
Classification of NDT Methods
Methods of Nondestructive Testing
Categories of NDT Methods
Objectives of NDT Methods
Brief Description of Select NDT Methods
Eddy Current Testing (ECT)
Applications
Advantages and Disadvantages of Eddy Current Testing (ECT)
ECT Equipment
Research and Development
Photoinductive Imaging (PI)
Pulsed Eddy Current (PEC) Testing
Eddy Current Crack Testing
Eddy Current Heat Treat Testing
Radiography
Historical Overview of Radiography
Advantages and Disadvantages of Radiography
Evolution of Alternative and Natural Radiography
Contemporary Radiography
Radiography Techniques
Computed Radiography
Digital Radiography
Computed Tomography
Advantages
Disadvantages
Neutron Radiographic Testing
Radiographic/Infrared (IR) Nondestructive Testing
Thermographic Inspection
High Energy Radiography
Surface Inspection
Penetrant Testing Systems
Dye Penetrant Testing
Liquid Penetrating Inspection (LPI)
Historical Overview
Magnetic Particle Inspection (MPI)
Advantages and Disadvantages of MPI
Various Types of Equipment for MPI
Applications
Limitations of MPI
Ultrasonic Inspection
Advantages and Disadvantages of Ultrasonic Inspection
Classification of Ultrasonic Inspection Equipment
Thickness Gauges
Portable Flaw Detectors
Mechanized Systems
Historical Development of Ultrasonics
Types of Ultrasonic Inspection Techniques
Acoustic-Emission Technique
Electromagnetic Acoustic Transducers (EMAT)
Guided Wave Ultrasonic Testing (GWUT)
Phased Array Ultrasonics
Time of Flight Diffraction Ultrasonics (TOFD)
Internal Rotary Inspection System
Visual Inspection
Ellipsometry
Pipeline Video Inspection
Remote visual inspection
Automated Optical Inspection
Major Visual Inspection Equipment
Electromagnetic Testing
Alternating Current Field Measurement (ACFM)
Remote Field Testing (RFT)
Magnetic Flux Leakage Test
Leak Testing
Absolute Pressure Leak Testing
Bubble Leak Testing
Halogen Leak Testing
Mass Spectrometer Leak Testing
Laser Testing
Holographic Interferometry
Laser Profilometry
Shearography
Applications of NDT
Application of NDT Technique in Commercial Aircraft

7. PRODUCT INTRODUCTIONS/INNOVATIONS

Olympus Launches BondMaster 600 Multimode Bond Tester
Eddyfi Unveils Ectane® 2
GE Measurement & Control Introduces Handheld VideoProbe
Olympus Unveils New Ultrasound Phased Array Wheel Probe, RollerFORM
Tritex NDT Rolls Out Multigauge 5700 Datalogger Gauge
GE Measurement & Control Launches New X-ray Film Exposure Calculator App
GE Measurement & Control Introduces New CR Scanner for Weld Inspections
Olympus Launches Portable Eddy Current Flaw Detectors
NORTEC® 600 Series
GE Measurement & Control Unveils New Ultrasonic Phased Array Straight Beam Probe
GE Measurement & Control Launches GE Mentor EMII-70Olympus Rolls Out New Industrial Videoscopes
IPLEX RX and IPLEX RT
Olympus Launches Novel Software and Solutions for Bond Testing and Eddy Current Array Modules
Eddyfi Launches New Standard ECA Probes
Sepha Unveils New Non-Destructive, Multi-Bottle Integrity Tester
Fujifilm Introduces FCR DYNAMIX SYSTEM
Bruker Launches SkyScan 1272 X-Ray Micro-CT System
Olympus NDT Unveils New Handheld X-ray Fluorescence Analyzer
Sonatest Unveils Prisma Ultrasonic Flaw Detector
GE Launches x|pipe BT in India

8. RECENT INDUSTRY ACTIVITY

Nova Takes Over Technology Design Limited
Versa Integrity Takes Over Southern Inspection Services
Bolttech Mannings Acquires AM Inspection
Nova Instruments Takes Over Phoenix Inspection Systems
Intertek Takes Over International Inspection Services
Olympus Takes Over Mecnov
Tecnatom Inks Collaboration Agreement with Marietta
GE and Thermo Fisher Team Up for Material Identification Solutions
GE Establishes Inspection Technologies Customer Solutions Center in the US
Testia Establishes New NDT Services and Training Company, TESTIAGmbH
NDT Solutions and PRAGMA Ink Long-Term Distribution and Marketing Agreement
Danatronics and NDT Solutions Ink Distribution and Marketing Agreement
Intertek Takes Over Global X-Ray & Testing
Bureau Veritas Acquires Sievert Group
Pine Environmental Services Acquires Ashtead's North American Instrument Business
NASA Inks Agreement with PaR Systems