Market Overview:
The global penetrant NDT equipment 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 penetrant NDT equipment in the oil and gas, automotive, and aerospace industries. In addition, the growing demand for portable and standby penetrant NDT equipment is also contributing to the growth of this market. North America dominates the global penetrant NDT equipment market, followed by Europe and Asia Pacific.
Product Definition:
A penetrant is a liquid or gas used to penetrate the surface of a material in order to detect discontinuities, such as cracks. Penetrant NDT equipment is used to apply and remove penetrants from test specimens. It is important for ensuring that discontinuities are detected and properly characterized.
Potable Equipment:
Potable equipment is the equipment that can be used for drinking water as well as other industrial and commercial applications. The global potable equipment market size was estimated at USD 46,500 million in 2016. Growing population coupled with rapid urbanization has led to an increase in demand for potable water, which is expected to drive the market growth over the forecast period.
Standby Equipment:
Standby equipment is a collection of tools and devices that are used to monitor the condition of construction sites. It includes ground penetrating radar, video surveillance, infrared motion detectors, ground penetrating sounders and other monitoring devices. Standby equipment is an important tool for ensuring public safety on construction sites as it not only detects but also alerts workers about any hazards on the site.
The global penetration testing equipment market was valued at USD 1.6 billion in 2015.
Application Insights:
Electricity application dominated the global penetrationNTD equipment market in 2017, accounting for over 40% of the overall revenue. The growth can be attributed to increasing demand for electricity generation and transmission across various regions coupled with growing investments in power infrastructure development.
The oil and gas application segment is expected to witness significant growth over the forecast period owing to rising demand for advanced technology NDT equipment in exploration activities. The industry players are investing significantly in R&D activities pertaining to new technological advancements that ensure efficient detection of cracks, corrosion, cavities as well as other defects on pipes and tanks at an early stage thereby assuring cost-effective solutions while improving operational efficiency.
Growing demand from automotive manufacturers owing to stringent regulations regarding defect detection is also expected drive product adoption over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to increasing penetration in the industrial and commercial sectors. The region has witnessed significant growth in recent years due to rapid development of industries such as oil and gas, power generation, mining, automotive, construction and others.
The demand for penetrant NDT equipment is expected to grow significantly over the forecast period owing to increasing need for safety during various operations including maintenance & repair activities across several industries such as energy & utilities; manufacturing; transportation & logistics; healthcare; government sector among others. Increasing penetration of advanced potable Penetrant NDT equipment used by professionals for inspection work in emerging economies has been driving regional growth over the past few years.
Europe was estimated as one of the largest markets with a revenue share of more than 25% in 2017 on account rising demand from several major end-use sectors including aerospace.
Growth Factors:
- Increasing demand for quality inspection and assurance in manufacturing industries
- Growing awareness about the benefits of penetrant NDT among end-users
- Technological advancements in penetrant NDT equipment that improve performance and accuracy
- Rising demand from emerging economies for reliable quality inspection solutions
- Growing number of applications for penetrant NDT in a variety of industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Penetrant NDT Equipment Market Research Report
By Type
Potable Equipment, Standby Equipment
By Application
Electricity, Oil and gas, Automotive, Aerospace, Others
By Companies
CHiNDT, YG-NDT, Jebsen Industrial, Helling Gmbh, Ril-Chemie, Spectronics, LCNDT
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Penetrant NDT Equipment Market Report Segments:
The global Penetrant NDT Equipment market is segmented on the basis of:
Types
Potable Equipment, Standby Equipment
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
Electricity, Oil and gas, Automotive, Aerospace, 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:
- CHiNDT
- YG-NDT
- Jebsen Industrial
- Helling Gmbh
- Ril-Chemie
- Spectronics
- LCNDT
Highlights of The Penetrant NDT Equipment 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:
- Potable Equipment
- Standby Equipment
- By Application:
- Electricity
- Oil and gas
- Automotive
- Aerospace
- 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 Penetrant 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
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?
Penetrant NDT equipment is a type of inspection tool that uses a variety of techniques to identify and assess the integrity of materials. This equipment can be used to detect flaws in metal, plastic, and other materials.
Some of the major players in the penetrant ndt equipment market are CHiNDT, YG-NDT, Jebsen Industrial, Helling Gmbh, Ril-Chemie, Spectronics, LCNDT.
The penetrant ndt equipment 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 Penetrant NDT Equipment 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 Penetrant NDT Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Penetrant NDT Equipment 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 Penetrant NDT Equipment 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 Penetrant NDT Equipment Market Size & Forecast, 2018-2028
4.5.1 Penetrant NDT Equipment Market Size and Y-o-Y Growth
4.5.2 Penetrant NDT Equipment Market Absolute $ Opportunity
Chapter 5 Global Penetrant NDT Equipment 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 Penetrant NDT Equipment Market Size Forecast by Type
5.2.1 Potable Equipment
5.2.2 Standby Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Penetrant NDT Equipment 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 Penetrant NDT Equipment Market Size Forecast by Applications
6.2.1 Electricity
6.2.2 Oil and gas
6.2.3 Automotive
6.2.4 Aerospace
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Penetrant NDT Equipment 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 Penetrant NDT Equipment 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 Penetrant NDT Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Penetrant NDT Equipment 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 Penetrant NDT Equipment Market Size Forecast by Type
9.6.1 Potable Equipment
9.6.2 Standby Equipment
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 Penetrant NDT Equipment Market Size Forecast by Applications
9.10.1 Electricity
9.10.2 Oil and gas
9.10.3 Automotive
9.10.4 Aerospace
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 Penetrant NDT Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Penetrant NDT Equipment 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 Penetrant NDT Equipment Market Size Forecast by Type
10.6.1 Potable Equipment
10.6.2 Standby Equipment
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 Penetrant NDT Equipment Market Size Forecast by Applications
10.10.1 Electricity
10.10.2 Oil and gas
10.10.3 Automotive
10.10.4 Aerospace
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 Penetrant NDT Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Penetrant NDT Equipment 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 Penetrant NDT Equipment Market Size Forecast by Type
11.6.1 Potable Equipment
11.6.2 Standby Equipment
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 Penetrant NDT Equipment Market Size Forecast by Applications
11.10.1 Electricity
11.10.2 Oil and gas
11.10.3 Automotive
11.10.4 Aerospace
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 Penetrant NDT Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Penetrant NDT Equipment 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 Penetrant NDT Equipment Market Size Forecast by Type
12.6.1 Potable Equipment
12.6.2 Standby Equipment
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 Penetrant NDT Equipment Market Size Forecast by Applications
12.10.1 Electricity
12.10.2 Oil and gas
12.10.3 Automotive
12.10.4 Aerospace
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) Penetrant NDT Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Penetrant NDT Equipment 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) Penetrant NDT Equipment Market Size Forecast by Type
13.6.1 Potable Equipment
13.6.2 Standby Equipment
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) Penetrant NDT Equipment Market Size Forecast by Applications
13.10.1 Electricity
13.10.2 Oil and gas
13.10.3 Automotive
13.10.4 Aerospace
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 Penetrant NDT Equipment Market: Competitive Dashboard
14.2 Global Penetrant NDT Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CHiNDT
14.3.2 YG-NDT
14.3.3 Jebsen Industrial
14.3.4 Helling Gmbh
14.3.5 Ril-Chemie
14.3.6 Spectronics
14.3.7 LCNDT
