The Europe Eddy-current Testing Market would witness market growth of 9.4% CAGR during the forecast period (2022-2028).
It is common practice to use eddy current testing to detect defects and make measurements in a wide range of sectors. The most common application is when the fault is well understood. A probe design and test conditions must be developed with a thorough understanding of the problem to be identified, since the technique is often used to inspect a small region. Eddy currents can only be utilized to detect surface and near-surface flaws since they tend to concentrate at the material's surface. Furthermore, during the forecast period, the spike in outsourcing of services is expected to boost the eddy current testing market forward.
Eddy current is a useful tool for monitoring rusting and other degradation that causes material thinning. The method is used to measure corrosion thinning on airplane coverings and in the sidewalls of tubing used in heat exchanger systems. Paint and other coating thicknesses are also measured using eddy current testing. Eddy currents are influenced by materials' electrical conductivity and magnetic transparency. Materials can thus be sorted using eddy current measurements, and they can be identified if they have been subjected to high temperatures or heated, both of which alter their resistivity.
The European semiconductor sector is headquartered in Germany. Across the value chain, the country has an unrivaled concentration of world-leading device makers and providers for materials, components, and equipment. There are numerous and diverse investment options available, ranging from design and manufacturing to applications. Industrial electronics is Germany's second-largest microelectronics segment, responsible for nearly 24% of the nation's semiconductor industry. Strong growth rates, due to a broad domestic and foreign industrial base, have allowed Germany to maintain its dominance in technical advancement. Building technology, mechanization, and electronic payment systems have traditionally been the major segments.
In the coming years, the German power semiconductor market would provide a diversity of market opportunities. Switching to renewable energy sources by 2022 will necessitate a massive research effort and investment in high-performance power semiconductors, particularly metal oxide semiconductor field effect transistors (MOSFET) and insulated gate bipolar transistors (IGBT). IGBTs are creeping into MOSFET territory and progressively growing their market share because they are used in the high-voltage segment.
The Germany market dominated the Europe Eddy-current Testing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $123.1 million by 2028. The UK market is anticipated to grow at a CAGR of 8.5% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 10.2% during (2022 - 2028).
Based on Service, the market is segmented into Inspection Services, Equipment Rental Services, Training Services, and Caliberation Services. Based on Technique, the market is segmented into Conventional Eddy Current Testing, Eddy Current Array, Alternating Current Field Measurement, Remote Field Testing, and Others. Based on Industry, the market is segmented into Manufacturing, Automotive, Power Generation, Government Infrastructure & Public Safety, Oil & Gas, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Eddy-current Testing Market will Hit $1.8 Billion by 2028, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Olympus Corporation, Eddyfi Technologies, ETher NDE Ltd., Fidgeon Ltd., ibg NDT Systems Corporation, Magnetic Analysis Corporation, Mistras Group, Inc., TÜV Rheinland AG, Ashtead Group PLC, and Waygate Technologies.
Scope of the Study
Market Segments Covered in the Report:
By Service
- Inspection Services
- Equipment Rental Services
- Training Services
- Caliberation Services
By Technique
- Conventional Eddy Current Testing
- Eddy Current Array
- Alternating Current Field Measurement
- Remote Field Testing
- Others
By Industry
- Manufacturing
- Automotive
- Power Generation
- Government Infrastructure & Public Safety
- Oil & Gas
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Olympus Corporation
- Eddyfi Technologies
- ETher NDE Ltd.
- Fidgeon Ltd.
- ibg NDT Systems Corporation
- Magnetic Analysis Corporation
- Mistras Group, Inc.
- TÜV Rheinland AG
- Ashtead Group PLC
- Waygate Technologies
TABLE 1 Europe Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 2 Europe Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 3 Europe Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 4 Europe Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 5 Europe Inspection Services Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Inspection Services Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Equipment Rental Services Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Equipment Rental Services Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Training Services Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Training Services Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Caliberation Services Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Caliberation Services Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 14 Europe Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 15 Europe Conventional Eddy Current Testing Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Conventional Eddy Current Testing Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Eddy Current Array Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Eddy Current Array Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Alternating Current Field Measurement Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Alternating Current Field Measurement Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Remote Field Testing Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Remote Field Testing Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 26 Europe Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 27 Europe Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Automotive Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Automotive Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Power Generation Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Power Generation Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Government Infrastructure & Public Safety Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Government Infrastructure & Public Safety Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe Eddy-current Testing Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Eddy-current Testing Market by Country, 2022 - 2028, USD Million
TABLE 41 Germany Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 42 Germany Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 43 Germany Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 44 Germany Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 45 Germany Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 46 Germany Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 47 Germany Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 48 Germany Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 49 UK Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 50 UK Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 51 UK Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 52 UK Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 53 UK Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 54 UK Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 55 UK Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 56 UK Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 57 France Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 58 France Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 59 France Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 60 France Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 61 France Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 62 France Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 63 France Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 64 France Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 65 Russia Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 66 Russia Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 67 Russia Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 68 Russia Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 69 Russia Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 70 Russia Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 71 Russia Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 72 Russia Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 73 Spain Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 74 Spain Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 75 Spain Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 76 Spain Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 77 Spain Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 78 Spain Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 79 Spain Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 80 Spain Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 81 Italy Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 82 Italy Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 83 Italy Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 84 Italy Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 85 Italy Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 86 Italy Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 87 Italy Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 88 Italy Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 89 Rest of Europe Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 90 Rest of Europe Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 91 Rest of Europe Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 92 Rest of Europe Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 93 Rest of Europe Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 94 Rest of Europe Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 95 Rest of Europe Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 96 Rest of Europe Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 97 key Information – Olympus Corporation
TABLE 98 Key Information – Eddyfi Technologies
TABLE 99 Key Information – ETher NDE LTD.
TABLE 100 Key Information – Fidgeon Ltd.
TABLE 101 Key Information – ibg NDT Systems Corporation
TABLE 102 Key Information – Magnetic Analysis Corporation
TABLE 103 Key Information – Mistras Group, Inc.
TABLE 104 Key Information – TÜV Rheinland AG
TABLE 105 Key information – Ashtead Group PLC
TABLE 106 Key Information – Waygate Technologies
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Eddyfi Technologies