Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Eddy Current NDT Equipment Market by Type (Portable Eddy Current NDT Equipment, Desktop Eddy Current NDT Equipment, Others), By Application (Oil & Gas, Transportation, Defense and Aerospace, Industrial Manufacturing, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Eddy Current NDT Equipment Market by Type (Portable Eddy Current NDT Equipment, Desktop Eddy Current NDT Equipment, Others), By Application (Oil & Gas, Transportation, Defense and Aerospace, Industrial Manufacturing, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 159794 3300 Machinery & Equipment 377 241 Pages 4.9 (33)
                                          

Market Overview:


The global eddy current NDT equipment market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for eddy current NDT equipment from various end-use industries, such as oil & gas, transportation, defense and aerospace, industrial manufacturing, and others. In addition, the growing awareness about safety and quality among consumers is also propelling the growth of this market. Based on type, the global eddy current NDT equipment market can be segmented into portable eddy current NDT equipment and desktop eddy current NDT equipment.


Global Eddy Current NDT Equipment Industry Outlook


Product Definition:


Eddy current NDT equipment is used to detect and measure discontinuities in metal objects. The importance of eddy current NDT equipment is that it can detect very small discontinuities in a metal object, which could cause a failure in the object if not fixed.


Portable Eddy Current NDT Equipment:


Portable eddy current NDT equipment is used for inspection and testing of pipeline systems, subsea oil & gas pipelines, industrial process plants and other underground processes. The primary function of portable eddy current equipment is to detect the discontinuities in a conductive medium such as soil or water. Eddy currents are generated by magnetic fields created by moving electric charges which occur naturally due to the motion of ions in a conductor such as soil water or rock saltwater.


Desktop Eddy Current NDT Equipment:


Desktop eddy current NDT equipment is used for inspection of pipelines, tanks, and other metallic objects. It works on the principle of attraction and repulsion between two conductive surfaces which are placed close to each other. One of the key features that makes this device different from others is its ability to inspect small area at a time which reduces risk while working in tight spaces.


Application Insights:


The industrial manufacturing segment dominated the global eddy current NDT equipment market in terms of revenue in 2017. The growth can be attributed to the increasing demand for high-precision manufactured products. In addition, a large number of inspection activities are carried out during production processes such as metal cutting and drilling operations at different stages which requires eddy current equipment for testing purposes.


The oil & gas application segment is expected to witness significant growth over the forecast period owing to rising demand from operators for onshore and offshore exploration activities coupled with an increase in investment by companies operating in this sector including Statoil, BP, Repsol YPF, Eni among others. For instance; Eni SPA has announced plans to invest USD 2 billion every year until 2020 which will lead to an increase in requirement of Nondestructive Testing (NDT) tools including eddy Current Inspection Tools (ICIT). Such investments are anticipated drive the global industry thereby supporting the overall market growth over forecast period.


Regional Analysis:


North America dominated the global eddy current NDT equipment market in 2016. The growth of the region can be attributed to increasing government spending on defense and aerospace, which has resulted in increased demand for Eddy Current Systems (ECS). Moreover, growing oil & gas industry is also expected to drive the regional market over the forecast period.


Asia Pacific is anticipated to witness significant growth over the next eight years owing to rapid industrialization and expanding oil & gas industry base across countries such as China, India, Indonesia, Malaysia and Thailand. Furthermore rising transportation sector across developing economies such as China and India will further boost product demand in this region.           â€˜â€™â€™The European Commission announced a funding program worth USD X million for research on new technologies related to underwater robots at University of Bath in 2017.


Growth Factors:


  • Increasing demand for non-destructive testing (NDT) services in the aerospace, automotive, and manufacturing industries
  • Growing popularity of eddy current NDT equipment owing to its ability to detect discontinuities and defects in a wide range of materials
  • Rising investments by governments and private companies in research and development (R&D) activities for advanced NDT technologies
  • Proliferation of digital technologies that are helping improve the accuracy and efficiency of eddy current NDT equipment
  • Emergence of new applications for eddy current NDT technology such as condition monitoring, failure analysis, etc

Scope Of The Report

Report Attributes

Report Details

Report Title

Eddy Current NDT Equipment Market Research Report

By Type

Portable Eddy Current NDT Equipment, Desktop Eddy Current NDT Equipment, Others

By Application

Oil & Gas, Transportation, Defense and Aerospace, Industrial Manufacturing, Others

By Companies

Olympus, General Electric, Foerster, PRUFTECHNIK, Eddyfi, Zetec, UniWest, Rohmann, Magnetic Analysis, Ibg Prufcomputer GmbH

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

241

Number of Tables & Figures

169

Customization Available

Yes, the report can be customized as per your need.


Global Eddy Current NDT Equipment Market Report Segments:

The global Eddy Current NDT Equipment market is segmented on the basis of:

Types

Portable Eddy Current NDT Equipment, Desktop Eddy Current NDT Equipment, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Oil & Gas, Transportation, Defense and Aerospace, Industrial Manufacturing, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Olympus
  2. General Electric
  3. Foerster
  4. PRUFTECHNIK
  5. Eddyfi
  6. Zetec
  7. UniWest
  8. Rohmann
  9. Magnetic Analysis
  10. Ibg Prufcomputer GmbH

Global Eddy Current NDT Equipment Market Overview


Highlights of The Eddy Current NDT Equipment Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Portable Eddy Current NDT Equipment
    2. Desktop Eddy Current NDT Equipment
    3. Others
  1. By Application:

    1. Oil & Gas
    2. Transportation
    3. Defense and Aerospace
    4. Industrial Manufacturing
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Eddy Current NDT Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Eddy Current NDT Equipment Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Eddy Current NDT equipment is a type of inspection equipment that uses an electric current to detect the presence of metal in a material.

Some of the key players operating in the eddy current ndt equipment market are Olympus, General Electric, Foerster, PRUFTECHNIK, Eddyfi, Zetec, UniWest, Rohmann, Magnetic Analysis, Ibg Prufcomputer GmbH.

The eddy current ndt equipment market is expected to grow at a compound annual growth rate of 5.8%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Eddy Current NDT Equipment Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Eddy Current NDT Equipment Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Eddy Current NDT Equipment Market - Supply Chain
   4.5. Global Eddy Current NDT Equipment Market Forecast
      4.5.1. Eddy Current NDT Equipment Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Eddy Current NDT Equipment Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Eddy Current NDT Equipment Market Absolute $ Opportunity

5. Global Eddy Current NDT Equipment Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Eddy Current NDT Equipment Market Size and Volume Forecast by Type
      5.3.1. Portable Eddy Current NDT Equipment
      5.3.2. Desktop Eddy Current NDT Equipment
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Eddy Current NDT Equipment Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Eddy Current NDT Equipment Market Size and Volume Forecast by Application
      6.3.1. Oil & Gas
      6.3.2. Transportation
      6.3.3. Defense and Aerospace
      6.3.4. Industrial Manufacturing
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Eddy Current NDT Equipment Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Eddy Current NDT Equipment Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Eddy Current NDT Equipment Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Eddy Current NDT Equipment Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Eddy Current NDT Equipment Demand Share Forecast, 2019-2026

9. North America Eddy Current NDT Equipment Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Eddy Current NDT Equipment Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Eddy Current NDT Equipment Market Size and Volume Forecast by Application
      9.4.1. Oil & Gas
      9.4.2. Transportation
      9.4.3. Defense and Aerospace
      9.4.4. Industrial Manufacturing
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Eddy Current NDT Equipment Market Size and Volume Forecast by Type
      9.7.1. Portable Eddy Current NDT Equipment
      9.7.2. Desktop Eddy Current NDT Equipment
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Eddy Current NDT Equipment Demand Share Forecast, 2019-2026

10. Latin America Eddy Current NDT Equipment Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Eddy Current NDT Equipment Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Eddy Current NDT Equipment Market Size and Volume Forecast by Application
      10.4.1. Oil & Gas
      10.4.2. Transportation
      10.4.3. Defense and Aerospace
      10.4.4. Industrial Manufacturing
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Eddy Current NDT Equipment Market Size and Volume Forecast by Type
      10.7.1. Portable Eddy Current NDT Equipment
      10.7.2. Desktop Eddy Current NDT Equipment
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Eddy Current NDT Equipment Demand Share Forecast, 2019-2026

11. Europe Eddy Current NDT Equipment Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Eddy Current NDT Equipment Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Eddy Current NDT Equipment Market Size and Volume Forecast by Application
      11.4.1. Oil & Gas
      11.4.2. Transportation
      11.4.3. Defense and Aerospace
      11.4.4. Industrial Manufacturing
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Eddy Current NDT Equipment Market Size and Volume Forecast by Type
      11.7.1. Portable Eddy Current NDTEquipment
      11.7.2. Desktop Eddy Current NDT Equipment
      11.7.3. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Eddy Current NDT Equipment Demand Share, 2019-2026

12. Asia Pacific Eddy Current NDT Equipment Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Eddy Current NDT Equipment Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Eddy Current NDT Equipment Market Size and Volume Forecast by Application
      12.4.1. Oil & Gas
      12.4.2. Transportation
      12.4.3. Defense and Aerospace
      12.4.4. Industrial Manufacturing
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Eddy Current NDT Equipment Market Size and Volume Forecast by Type
      12.7.1. Portable Eddy Current NDT Equipment
      12.7.2. Desktop Eddy Current NDT Equipment
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Eddy Current NDT Equipment Demand Share, 2019-2026

13. Middle East & Africa Eddy Current NDT Equipment Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Eddy Current NDT Equipment Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Eddy Current NDT Equipment Market Size and Volume Forecast by Application
      13.4.1. Oil & Gas
      13.4.2. Transportation
      13.4.3. Defense and Aerospace
      13.4.4. Industrial Manufacturing
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Eddy Current NDT Equipment Market Size and Volume Forecast by Type
      13.7.1. Portable Eddy Current NDT Equipment
      13.7.2. Desktop Eddy Current NDT Equipment
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Eddy Current NDT Equipment Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Eddy Current NDT Equipment Market: Market Share Analysis
   14.2. Eddy Current NDT Equipment Distributors and Customers
   14.3. Eddy Current NDT Equipment Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Olympus
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. General Electric
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Foerster
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. PRUFTECHNIK
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Eddyfi
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Zetec
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. UniWest
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Rohmann
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Magnetic Analysis
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Ibg Prufcomputer GmbH
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. COMPANY 11
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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