The market for Asia-Pacific nondestructive testing equipment market is anticipated to grow from $XX million in 2018 to $XX million by 2027, with a CAGR of 9.77% between 2019 and 2027. The base year considered for the study is 2016 and the forecast period is between 2019 and 2027.
ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET FORECAST 2019-2027
Asia Pacific Non-destructive Testing Equipment Market by Product (Ultrasonic Testing, Radiography Testing, Visual Inspection, Magnetic Particle & Electromagnetic Testing, Eddy-current, Liquid Penetrant, Others) by Technique (Volumetric Examination, Surface Examination, Others) by Application (Oil & Gas, Energy & Power, Aerospace & Defense, Automotive & Transportation, Infrastructure, Others) by Geography.
The market for Asia-Pacific non-destructive testing equipment market is anticipated to grow from $XX million in 2018 to $XX million by 2027, with a CAGR of 9.77% between 2019 and 2027. The base year considered for the study is 2016 and the forecast period is between 2019 and 2027. The major drivers for the growth in the Asia-pacific region are aging assets and increased focus towards safety regulations and quality control and increased demand from APAC.
The countries analyzed in the Asia Pacific region are India, China, Australia, South Korea, Japan and the countries constituting to form the Rest of Asia Pacific segment. Lack of skilled labor and high infrastructure cost are restricting the growth of the market. The increase in demand for advanced technology and rising infrastructure in emerging economies are the new trends that are coming up in the nondestructive testing equipment market. Lack of awareness among consumers and rise in competition from new market players are some of the challenges faced by the nondestructive testing equipment market. In the manufacturing sector, companies from developed regions such as Europe and North America are increasingly establishing operations in Asia Pacific to take advantage of the low-cost manufacturability in those countries. While companies are skeptical about make new investments in Asia Pacific city expansion activities in the country due to the slowdown, the replacement of aging equipment will play a significant role in the market.
The top players in the global nondestructive testing equipment market are Mistras, Zetec Inc., Eddyfi, Aries Marine & Engineering Services, Nikon Metrology, Tüv Rheinland AG, Yxlon, Ashtead Technology, Inc., Karl Storz Gmbh & Co.KG, Olympus Scientific Solutions Americas Inc., Intertek Group PLC, Magnaflux, Sonatest Ltd. and Baker Hughes.
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- RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
- RESEARCH METHODOLOGY
- SOURCES OF DATA
- SECONDARY DATA
- PRIMARY DATA
- TOP-DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
- EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
- POWER GENERATION – A KEY MARKET ON THE RISE
- LIQUID PENETRANT IS THE FASTEST GROWING PRODUCT
- SURFACE EXAMINATION IS THE FASTEST GROWING TECHNIQUE
- MARKET DYNAMICS
- MARKET SCOPE & DEFINITION
- MARKET DRIVERS
- DEMAND FROM AGING BUILDINGS AND INFRASTRUCTURE
- INCREASING FOCUS TOWARDS SAFETY REGULATIONS AND QUALITY CONTROL
- INCREASING DEMAND FROM ASIA PACIFIC
- MARKET RESTRAINTS
- LACK OF SKILLED LABOR
- HIGH INFRASTRUCTURE COST
- MARKET OPPORTUNITIES
- INCREASING DEMAND FOR ADVANCED TECHNOLOGY
- RISING INFRASTRUCTURE IN EMERGING ECONOMIES
- MARKET CHALLENGES
- LACK OF AWARENESS AMONG CONSUMERS
- INCREASED COMPETITION FROM NEW MARKET PLAYERS
- MARKET BY PRODUCT
- ULTRASONIC TESTING
- RADIOGRAPHY TESTING
- VISUAL INSPECTION
- MAGNETIC PARTICLE & ELECTROMAGNETIC TESTING
- EDDY-CURRENT
- LIQUID PENETRANT
- OTHERS
- MARKET BY TECHNIQUE
- VOLUMETRIC EXAMINATION
- SURFACE EXAMINATION
- OTHERS
- MARKET BY APPLICATION
- OIL & GAS
- ENERGY & POWER
- AEROSPACE & DEFENSE
- AUTOMOTIVE & TRANSPORTATION
- INFRASTRUCTURE
- OTHERS
- KEY ANALYTICS
- PORTERS FIVE FORCE MODEL
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTE
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF BUYERS
- INTENSITY OF COMPETITIVE RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- PORTERS FIVE FORCE MODEL
- GEOGRAPHICAL ANALYSIS
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- AUSTRALIA
- SOUTH KOREA
- REST OF ASIA PACIFIC
- ASIA PACIFIC
- COMPANY PROFILES
- EDDYFI
- BAKER HUGHES
- KARL STORZ GMBH & CO.KG
- MAGNAFLUX
- MISTRAS
- NIKON METROLOGY
- OLYMPUS SCIENTIFIC SOLUTIONS AMERICAS INC.
- SONATEST LTD.
- YXLON
- ZETEC INC.
- ASHTEAD TECHNOLOGY, INC.
- INTERTEK GROUP PLC
- ARIES MARINE AND ENGINEERING SERVICES
- TÜV RHEINLAND AG
LIST OF TABLES
TABLE 1: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 2: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY PRODUCT, 2019-2027, (IN $ MILLION)
TABLE 3: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY TECHNIQUE, 2019-2027, (IN $ MILLION)
TABLE 4: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY APPLICATIONS, 2019-2027, (IN $ MILLION)
TABLE 5: OPPORTUNITY MATRIX
TABLE 6: VENDOR LANDSCAPE
TABLE 7: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)
TABLE 8: NORTH AMERICA NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 9: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 10: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 11: REST OF WORLD NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)
LIST OF FIGURES
FIGURE 1: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY APPLICATION, 2018 & 2027 (IN %)
FIGURE 2: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY ULTRASONIC TESTING, 2019-2027 (IN $ MILLION)
FIGURE 3: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY RADIOGRAPHY TESTING, 2019-2027 (IN $ MILLION)
FIGURE 4: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY VISUAL INSPECTION, 2019-2027 (IN $ MILLION)
FIGURE 5: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY MAGNETIC PARTICLE AND ELECTROMAGNETIC, 2019-2027 (IN $ MILLION)
FIGURE 6: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY EDDY-CURRENT, 2019-2027 (IN $ MILLION)
FIGURE 7: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY LIQUID PENETRANT, 2019-2027 (IN $ MILLION)
FIGURE 8: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 9: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY VOLUMETRIC EXAMINATION, 2019-2027 (IN $ MILLION)
FIGURE 10: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY SURFACE EXAMINATION, 2019-2027 (IN $ MILLION)
FIGURE 11: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 12: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY OIL & GAS, 2019-2027 (IN $ MILLION)
FIGURE 13: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY ENERGY & POWER, 2019-2027 (IN $ MILLION)
FIGURE 14: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY AEROSPACE & DEFENSE, 2019-2027 (IN $ MILLION)
FIGURE 15: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2019-2027 (IN $ MILLION)
FIGURE 16: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY INFRASTRUCTURE, 2019-2027 (IN $ MILLION)
FIGURE 17: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 18: PORTER’S FIVE FORCE ANALYSIS
FIGURE 19: ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 20: CHINA NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)
FIGURE 21: JAPAN NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)
FIGURE 22: INDIA NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)
FIGURE 23: AUSTRALIA NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)
FIGURE 24: SOUTH KOREA NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)
FIGURE 25: REST OF ASIA PACIFIC NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- AUSTRALIA
- SOUTH KOREA
- REST OF ASIA PACIFIC
- ASIA PACIFIC
- MARKET BY PRODUCT
- ULTRASONIC TESTING
- RADIOGRAPHY TESTING
- VISUAL INSPECTION
- MAGNETIC PARTICLE & ELECTROMAGNETIC TESTING
- EDDY-CURRENT
- LIQUID PENETRANT
- OTHERS
- MARKET BY TECHNIQUE
- VOLUMETRIC EXAMINATION
- SURFACE EXAMINATION
- OTHERS
- MARKET BY APPLICATION
- OIL & GAS
- ENERGY & POWER
- AEROSPACE & DEFENSE
- AUTOMOTIVE & TRANSPORTATION
- INFRASTRUCTURE
- OTHERS
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