The Latin America, Middle East and Africa Eddy-current Testing Market would witness market growth of 12.5% CAGR during the forecast period (2022-2028).
Eddy's current testing procedure is one of several nondestructive testing (NDT) procedures that apply the principle of electromagnetics. This principle has also been applied in other ways such as Remote Field Testing (RFT), Barkhausen Noise, and Flux Leakage. Due to increased government safety regulations, the eddy-current testing market share is predicted to grow significantly.
Electromagnetic induction is the process that produces eddy currents. A magnetic field forms in and around a conductor, such as copper cable, when an alternating current is supplied. The magnetic field increases as the oscillating current increases and contracts as the current decreases. Current could be induced in another electrical conductor if it is brought into close contact with the changing magnetic field. Eddy currents are circularly flowing induced electrical currents. When the conditions are appropriate, they generate "eddies," which are formed when a liquid or gas flows in a circular pattern around obstructions.
Dubai's financial services business is the biggest and most advanced in the region. Markets for Sukuk and Takaful are expanding. Financial services firms from the United Kingdom have offices in both Abu Dhabi and Dubai. The United Arab Emirates possesses the world's seventh greatest gas reserves and eighth-largest oil reserves. Currently, production is around 3 million barrel per day (BPD), with 3.5 million BPD objectives. As a result, the UAE values enhanced oil recovery (EOR) techniques and technologies. Onshore and offshore oil reserves are operated under concessions in the UAE.
The oil and gas supply chain are managed by the Abu Dhabi National Oil Company (ADNOC) as well as its subsidiaries. The DIFC Courts give residents access to English common law. Banking, asset management, capital markets, and fund registration are among the topics covered, as are insurance and reinsurance, Islamic finance, and professional service providers.
The Brazil market dominated the LAMEA Eddy-current Testing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $36.9 million by 2028. The Argentina market is poised to grow at CAGR of 13.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 12.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Eddy-current Testing Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 4 LAMEA Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 5 LAMEA Inspection Services Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Inspection Services Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Equipment Rental Services Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Equipment Rental Services Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Training Services Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Training Services Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Caliberation Services Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Caliberation Services Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 14 LAMEA Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 15 LAMEA Conventional Eddy Current Testing Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Conventional Eddy Current Testing Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Eddy Current Array Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Eddy Current Array Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Alternating Current Field Measurement Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Alternating Current Field Measurement Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Remote Field Testing Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Remote Field Testing Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 26 LAMEA Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 27 LAMEA Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Automotive Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Automotive Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Power Generation Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Power Generation Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Government Infrastructure & Public Safety Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Government Infrastructure & Public Safety Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Eddy-current Testing Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Eddy-current Testing Market by Country, 2022 - 2028, USD Million
TABLE 41 Brazil Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 42 Brazil Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 43 Brazil Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 44 Brazil Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 45 Brazil Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 46 Brazil Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 47 Brazil Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 48 Brazil Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 49 Argentina Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 50 Argentina Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 51 Argentina Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 52 Argentina Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 53 Argentina Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 54 Argentina Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 55 Argentina Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 56 Argentina Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 57 UAE Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 58 UAE Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 59 UAE Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 60 UAE Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 61 UAE Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 62 UAE Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 63 UAE Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 64 UAE Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 73 South Africa Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 74 South Africa Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 75 South Africa Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 76 South Africa Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 77 South Africa Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 78 South Africa Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 79 South Africa Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 80 South Africa Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 81 Nigeria Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 82 Nigeria Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 83 Nigeria Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 84 Nigeria Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 85 Nigeria Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 86 Nigeria Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 87 Nigeria Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 88 Nigeria Eddy-current Testing Market by Industry, 2022 - 2028, USD Million
TABLE 89 Rest of LAMEA Eddy-current Testing Market, 2018 - 2021, USD Million
TABLE 90 Rest of LAMEA Eddy-current Testing Market, 2022 - 2028, USD Million
TABLE 91 Rest of LAMEA Eddy-current Testing Market by Service, 2018 - 2021, USD Million
TABLE 92 Rest of LAMEA Eddy-current Testing Market by Service, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Eddy-current Testing Market by Technique, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Eddy-current Testing Market by Technique, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Eddy-current Testing Market by Industry, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA 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