Market Overview:
The global eddy current flaw detector market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for eddy current flaw detectors in the military industry, aviation, railway, mining and other applications. In addition, the growing demand for portable eddy current flaw detectors is also contributing to the growth of this market. However, factors such as high cost and lack of awareness about these devices are restraining its growth.
Product Definition:
An eddy current flaw detector is a device used to detect flaws in metal objects. It does this by generating an electromagnetic field that causes currents to flow through the metal object. These currents create eddies or vortices of energy that can be detected and analyzed by the detector. This allows for the detection of defects, such as cracks or holes, in the metal object. The importance of eddy current flaw detectors is that they allow for the detection of flaws in metal objects without having to remove them from service or cut into them.
Table Type:
Table type is a device used to detect the presence of an edge or corner in a conductive material. It is also known as a corona detector, it has an advantage over conventional probes as it can be easily attached and removed from the surface. The table type device consists of two metal plates joined by a conducting wire which generates an electric current when brought close to the conductive material.
Portable:
Portable and it's usage in the Eddy current flaw detector market is a device that is used to detect flaws or cracks in metals by generating an electromagnetic field. It works on the principle of induction by detecting changes in the magnetic flux density caused due to presence of flaw or crack. The portable devices are battery-powered and can be easily carried around as they do not require any external power source.
Application Insights:
The others application segment includes construction, electrical and electronics industry, marine industry and others. The growth of the other applications can be attributed to the increasing demand for eddy current detectors in non-electrical applications such as mining and railway. Railway application is expected to witness significant growth over the forecast period owing to its rising use in detecting flaws in rolled steel sheets used for building railways.
Eddy current flaw detector is widely used across multiple industries including automotive, aerospace & defense, energy generation & distribution among others due to their ability detect minute cracks with high accuracy while maintaining low detection limits thereby ensuring high reliability during manufacturing processes. These devices are also used across multiple sectors such as oil & gas; healthcare; food & beverage; packaging among others thus providing a robust platform for market expansion over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for consumer electronics and rapid industrialization in the region. The presence of key manufacturers such as Panasonic Corporation; Toshiba Corporation; and Hitachi, Ltd.; among others will drive the growth further. Furthermore, rising government initiatives for infrastructure development are anticipated to fuel product adoption in numerous applications including military industry, railway industry, etc.
Europe was valued at over USD X billion in 2017 owing to high demand from end-use industries such as aerospace & defense and marine along with other transportation sectors across several countries including Germany; France; Italy; U.K.
Growth Factors:
- Increasing demand for flaw detectors in the automotive and aerospace industries due to the increasing production of aircraft and automobiles.
- The growing popularity of eddy current testing as a nondestructive testing method for detecting surface and subsurface defects in materials.
- The increasing use of eddy current testers in research and development laboratories to evaluate the properties of new materials.
- The expanding applications of eddy current testers in manufacturing processes to detect flaws in products during production.
- Technological advancements that have led to the development of more sophisticated eddy current flaw detectors with enhanced features
Scope Of The Report
Report Attributes
Report Details
Report Title
Eddy Current Flaw Detector Market Research Report
By Type
Table Type, Portable
By Application
Military Industry, Aviation, Railway, Mining, Others
By Companies
Olympus, GE, Eddyfi, ETher NDE, Rohmann, Verimation Technology, Centurion NDT, Olympus
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Eddy Current Flaw Detector Market Report Segments:
The global Eddy Current Flaw Detector market is segmented on the basis of:
Types
Table Type, Portable
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
Military Industry, Aviation, Railway, Mining, 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:
- Olympus
- GE
- Eddyfi
- ETher NDE
- Rohmann
- Verimation Technology
- Centurion NDT
- Olympus
Highlights of The Eddy Current Flaw Detector Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Table Type
- Portable
- By Application:
- Military Industry
- Aviation
- Railway
- Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Eddy Current Flaw Detector 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
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Eddy Current Flaw Detector is a device that can be used to detect flaws in electrical wiring. It uses an electric current to scan the wire and identify any areas where the current flow is interrupted or distorted. This information can then be used to determine whether there are any potential problems with the wiring, which could lead to a loss of power or other issues.
Some of the major companies in the eddy current flaw detector market are Olympus, GE, Eddyfi, ETher NDE, Rohmann, Verimation Technology, Centurion NDT, Olympus.
The eddy current flaw detector market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Eddy Current Flaw Detector Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Eddy Current Flaw Detector Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Eddy Current Flaw Detector Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Eddy Current Flaw Detector Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Eddy Current Flaw Detector Market Size & Forecast, 2020-2028
4.5.1 Eddy Current Flaw Detector Market Size and Y-o-Y Growth
4.5.2 Eddy Current Flaw Detector Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Table Type
5.2.2 Portable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Military Industry
6.2.2 Aviation
6.2.3 Railway
6.2.4 Mining
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Eddy Current Flaw Detector Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Eddy Current Flaw Detector Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Table Type
9.6.2 Portable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Military Industry
9.10.2 Aviation
9.10.3 Railway
9.10.4 Mining
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Table Type
10.6.2 Portable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Military Industry
10.10.2 Aviation
10.10.3 Railway
10.10.4 Mining
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Table Type
11.6.2 Portable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Military Industry
11.10.2 Aviation
11.10.3 Railway
11.10.4 Mining
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Table Type
12.6.2 Portable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Military Industry
12.10.2 Aviation
12.10.3 Railway
12.10.4 Mining
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Table Type
13.6.2 Portable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Military Industry
13.10.2 Aviation
13.10.3 Railway
13.10.4 Mining
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Eddy Current Flaw Detector Market: Competitive Dashboard
14.2 Global Eddy Current Flaw Detector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Olympus
14.3.2 GE
14.3.3 Eddyfi
14.3.4 ETher NDE
14.3.5 Rohmann
14.3.6 Verimation Technology
14.3.7 Centurion NDT
14.3.8 Olympus
