Market Overview:
The global x-ray NDT equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for x-ray NDT equipment in the electricity, oil and gas, automotive, and aerospace industries. North America is expected to lead the global x-ray NDT equipment market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
X-Ray NDT Equipment is a Non Destructive Testing (NDT) technique that uses radiation to examine the internal structure of an object. This equipment is important because it can identify and locate defects in materials without causing damage.
CR:
CR stands for Charged Coupled Devices. It is a type of X-ray detector used in medical and dental applications. The growth factor in this market is the increasing demand for advanced technology coupled with rising awareness among end users regarding the benefits offered by CR equipment over conventional systems.
Global CR, it's usage.
DR:
DR stands for Digital Radiography. It is a process of capturing the image in digital form and can be easily stored, printed, and transmitted to the physician or specialist. The images are then decoded by the physicians with help of trained software to get final diagnosis.
Application Insights:
The industry has been segmented on the basis of application into electricity, oil and gas, automotive, aerospace and other industries. The electricity application segment accounted for a major market share in 2017 owing to the increasing demand for equipment from power generation plants across the globe. The growing need to improve grid infrastructure as well as develop new sources of renewable energy is expected to drive product demand over the forecast period.
The oil and gas sector is anticipated to emerge as one of the fastest-growing segments over the forecast period owing to an increase in drilling activities across various regions including North America and Asia Pacific. Drilling mud cements are used extensively in this sector which requires frequent inspection for identifying defects or cracks so that they can be repaired before any further operations are performed with regards either inside or outside a wellbore area.
Regional Analysis:
North America dominated the global X-ray NDT equipment market in 2017. The growth of the region can be attributed to a large number of nuclear power plants, which require regular maintenance and inspection. In addition, increasing demand for nuclear power plant components such as turbines and generators is expected to drive the demand for x-ray equipment in North America over the forecast period.
The Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid industrialization coupled with growing infrastructure activities in emerging economies such as China and India. Furthermore, rising government initiatives towards modernization are expected to fuel regional product demand over the next eight years. For instance, Japan’s Ministry of Economy Trade & Industry (METI) has introduced “Make in India†initiative that encourages manufacturing activity within India through tax benefits etc.
Growth Factors:
- Increasing demand for X-Ray NDT equipment from the automotive and aerospace industries due to the growing need for quality control and safety inspection.
- The increasing popularity of digital radiography systems, which offer superior image quality as compared to traditional film-based systems, is expected to drive growth in the X-Ray NDT equipment market.
- Growing demand for portable X-ray systems that can be used in field applications is another key factor that is expected to boost growth in this market during the forecast period.
- Rising awareness about the benefits of non-destructive testing among end users is also anticipated to fuel demand for X-Ray NDT equipment over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
X-Ray NDT Equipment Market Research Report
By Type
CR, DR, CT
By Application
Electricity, Oil and gas, Automotive, Aerospace
By Companies
GE Measurement & Control, Olympus Corporation, Magnaflux, YXLON, Nikon Metrology NV, Zetec, Mistras, karl deutsch, Proceq, Sonatest, Union, Dndt, Huari, Aolong, Zhongke Innovation
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global X-Ray NDT Equipment Market Report Segments:
The global X-Ray NDT Equipment market is segmented on the basis of:
Types
CR, DR, CT
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
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:
- GE Measurement & Control
- Olympus Corporation
- Magnaflux
- YXLON
- Nikon Metrology NV
- Zetec
- Mistras
- karl deutsch
- Proceq
- Sonatest
- Union
- Dndt
- Huari
- Aolong
- Zhongke Innovation
Highlights of The X-Ray 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:
- CR
- DR
- CT
- By Application:
- Electricity
- Oil and gas
- Automotive
- Aerospace
- 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 X-Ray 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?
X-Ray NDT equipment is used to inspect and diagnose defects in materials.
Some of the major companies in the x-ray ndt equipment market are GE Measurement & Control, Olympus Corporation, Magnaflux, YXLON, Nikon Metrology NV, Zetec, Mistras, karl deutsch, Proceq, Sonatest, Union, Dndt, Huari, Aolong, Zhongke Innovation.
The x-ray ndt equipment market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 X-Ray 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 X-Ray NDT Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 X-Ray 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 X-Ray 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 X-Ray NDT Equipment Market Size & Forecast, 2018-2028
4.5.1 X-Ray NDT Equipment Market Size and Y-o-Y Growth
4.5.2 X-Ray NDT Equipment Market Absolute $ Opportunity
Chapter 5 Global X-Ray 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 X-Ray NDT Equipment Market Size Forecast by Type
5.2.1 CR
5.2.2 DR
5.2.3 CT
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global X-Ray 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 X-Ray 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
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global X-Ray 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 X-Ray 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 X-Ray NDT Equipment Analysis and Forecast
9.1 Introduction
9.2 North America X-Ray 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 X-Ray NDT Equipment Market Size Forecast by Type
9.6.1 CR
9.6.2 DR
9.6.3 CT
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 X-Ray 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
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe X-Ray NDT Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe X-Ray 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 X-Ray NDT Equipment Market Size Forecast by Type
10.6.1 CR
10.6.2 DR
10.6.3 CT
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 X-Ray 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
10.11 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 X-Ray NDT Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific X-Ray 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 X-Ray NDT Equipment Market Size Forecast by Type
11.6.1 CR
11.6.2 DR
11.6.3 CT
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 X-Ray 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
11.11 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 X-Ray NDT Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America X-Ray 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 X-Ray NDT Equipment Market Size Forecast by Type
12.6.1 CR
12.6.2 DR
12.6.3 CT
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 X-Ray 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
12.11 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) X-Ray NDT Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) X-Ray 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) X-Ray NDT Equipment Market Size Forecast by Type
13.6.1 CR
13.6.2 DR
13.6.3 CT
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) X-Ray 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
13.11 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 X-Ray NDT Equipment Market: Competitive Dashboard
14.2 Global X-Ray NDT Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Measurement & Control
14.3.2 Olympus Corporation
14.3.3 Magnaflux
14.3.4 YXLON
14.3.5 Nikon Metrology NV
14.3.6 Zetec
14.3.7 Mistras
14.3.8 karl deutsch
14.3.9 Proceq
14.3.10 Sonatest
14.3.11 Union
14.3.12 Dndt
14.3.13 Huari
14.3.14 Aolong
14.3.15 Zhongke Innovation
