EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET FORECAST 2019-2027

The market for Europe nondestructive testing equipment market is anticipated to grow from $XX million in 2018 to $XX million by 2027, with a CAGR of 6.58% between 2019 and 2027. The base year considered for the study is 2018 and the forecast period is between 2019 and 2027. The major drivers for the growth in the region are aging assets and increased focus towards safety regulations and quality control and increased demand from Europe. European countries such as Germany, the UK, and Italy are the major users of NDT equipment and services. This is attributed to the growing investment in the automotive and aerospace sectors in the region.

The countries analyzed in the Europe region are UK, Germany, Italy, Spain, Russia, France and the collective countries constituting the Rest of Europe. 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. Another sector that extensively uses NDT equipment is the aerospace industry, where the growth of the global commercial aviation sector has led to the rise in orders for aircraft from European aerospace companies

The major players of the European 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.

TABLE OF CONTENTS
  1. RESEARCH SCOPE
    1. STUDY GOALS
    2. SCOPE OF THE MARKET STUDY
    3. WHO WILL FIND THIS REPORT USEFUL?
    4. STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    1. SOURCES OF DATA
    2. SECONDARY DATA
    3. PRIMARY DATA
    4. TOP-DOWN APPROACH
    5. BOTTOM-UP APPROACH
    6. DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    1. MARKET SUMMARY
    2. KEY FINDINGS
      1. POWER GENERATION – A KEY MARKET ON THE RISE
      2. LIQUID PENETRANT IS THE FASTEST GROWING PRODUCT
      3. SURFACE EXAMINATION IS THE FASTEST GROWING TECHNIQUE
  4. MARKET DYNAMICS
    1. MARKET SCOPE & DEFINITION
    2. MARKET DRIVERS
      1. DEMAND FROM AGING BUILDINGS AND INFRASTRUCTURE
      2. INCREASING FOCUS TOWARDS SAFETY REGULATIONS AND QUALITY CONTROL
    3. MARKET RESTRAINTS
      1. LACK OF SKILLED LABOR
      2. HIGH INFRASTRUCTURE COST
    4. MARKET OPPORTUNITIES
      1. INCREASING DEMAND FOR ADVANCED TECHNOLOGY
      2. RISING INFRASTRUCTURE IN EMERGING ECONOMIES
    5. MARKET CHALLENGES
      1. LACK OF AWARENESS AMONG CONSUMERS
      2. INCREASED COMPETITION FROM NEW MARKET PLAYERS
  5. MARKET BY PRODUCT
    1. ULTRASONIC TESTING
    2. RADIOGRAPHY TESTING
    3. VISUAL INSPECTION
    4. MAGNETIC PARTICLE & ELECTROMAGNETIC TESTING
    5. EDDY-CURRENT
    6. LIQUID PENETRANT
    7. OTHERS
  6. MARKET BY TECHNIQUE
    1. VOLUMETRIC EXAMINATION
    2. SURFACE EXAMINATION
    3. OTHERS
  7. MARKET BY APPLICATION
    1. OIL & GAS
    2. ENERGY & POWER
    3. AEROSPACE & DEFENSE
    4. AUTOMOTIVE & TRANSPORTATION
    5. INFRASTRUCTURE
    6. OTHERS
  8. KEY ANALYTICS
    1. PORTER’S FIVE FORCE MODEL
      1. THREAT OF NEW ENTRANTS
      2. THREAT OF SUBSTITUTE
      3. BARGAINING POWER OF SUPPLIERS
      4. BARGAINING POWER OF BUYERS
      5. INTENSITY OF COMPETITIVE RIVALRY
    2. OPPORTUNITY MATRIX
    3. VENDOR LANDSCAPE
  9. GEOGRAPHICAL ANALYSIS
    1. EUROPE
      1. UNITED KINGDOM
      2. GERMANY
      3. FRANCE
      4. ITALY
      5. SPAIN
      6. RUSSIA
      7. REST OF EUROPE
  10. COMPANY PROFILES
    1. EDDYFI
    2. BAKER HUGHES
    3. KARL STORZ GMBH & CO.KG
    4. MAGNAFLUX
    5. MISTRAS
    6. NIKON METROLOGY
    7. OLYMPUS SCIENTIFIC SOLUTIONS AMERICAS INC.
    8. SONATEST LTD
    9. YXLON
    10. ZETEC INC.
    11. ASHTEAD TECHNOLOGY, INC
    12. INTERTEK GROUP PLC
    13. ARIES MARINE AND ENGINEERING SERVICES
    14. TÜV RHEINLAND AG

 

LIST OF TABLES

TABLE 1: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY PRODUCT, 2019-2027, (IN $ MILLION)

TABLE 3: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY TECHNIQUE, 2019-2027, (IN $ MILLION)

TABLE 4: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY APPLICATIONS, 2019-2027, (IN $ MILLION)

TABLE 5: OPPORTUNITY MATRIX

TABLE 6: VENDOR LANDSCAPE

TABLE 7: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY APPLICATION, 2018 & 2027 (IN %)

FIGURE 2: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY ULTRASONIC TESTING, 2019-2027 (IN $ MILLION)

FIGURE 3: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY RADIOGRAPHY TESTING, 2019-2027 (IN $ MILLION)

FIGURE 4: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY VISUAL INSPECTION, 2019-2027 (IN $ MILLION)

FIGURE 5: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY MAGNETIC PARTICLE AND ELECTROMAGNETIC, 2019-2027 (IN $ MILLION)

FIGURE 6: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY EDDY-CURRENT, 2019-2027 (IN $ MILLION)

FIGURE 7: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY LIQUID PENETRANT, 2019-2027 (IN $ MILLION)

FIGURE 8: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 9: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY VOLUMETRIC EXAMINATION, 2019-2027 (IN $ MILLION)

FIGURE 10: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY SURFACE EXAMINATION, 2019-2027 (IN $ MILLION)

FIGURE 11: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 12: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY OIL & GAS, 2019-2027 (IN $ MILLION)

FIGURE 13: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY ENERGY & POWER, 2019-2027 (IN $ MILLION)

FIGURE 14: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY AEROSPACE & DEFENSE, 2019-2027 (IN $ MILLION)

FIGURE 15: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY AUTOMOTIVE & TRANSPORTATION, 2019-2027 (IN $ MILLION)

FIGURE 16: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY INFRASTRUCTURE, 2019-2027 (IN $ MILLION)

FIGURE 17: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 18: PORTER’S FIVE FORCE ANALYSIS

FIGURE 19: EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 20: UNITED KINGDOM NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: GERMANY NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: FRANCE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: ITALY NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: SPAIN NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: RUSSIA NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: REST OF EUROPE NON-DESTRUCTIVE TESTING EQUIPMENT MARKET, 2019-2027 (IN $ MILLION)

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