According to a new report, Asia Pacific Non-Destructive Testing Equipment Market, published by KBV Research, the Asia Pacific Non-Destructive Testing Equipment Market is expected to grow at a CAGR of 14.2% during 2016 -2022.
The China market dominated the Asia Pacific NDT Equipment Market in 2015, and would grow at a CAGR of 10.4% during the forecast period. The Japan market is expected to become the largest market in Asia Pacific, attaining a market size of $115.4 million by 2022. However, India market is expected to grow at CAGR of 16.1% during 2016-2022.
The Ultrasonic Testing market contributed the larger revenue share to the Asia Pacific NDT Equipment Market in 2015, and would grow at a CAGR of 12.2% during the forecast period. The Radiography Testing market is expected to become the largest market in Asia Pacific, attaining a market size of $108.7 million by 2022. However, Visual Inspection Testing market is expected to grow at CAGR of 12.7% during 2016-2022.
The Surface Examination market dominated the Asia Pacific Non-Destructive Testing Equipment Market in 2015, and is expected to experience a growth of 16.5% CAGR during the forecast period.
The report highlights the adoption of Non-Destructive Testing Equipment market in Asia Pacific. Based on the Testing Method, the Non-Destructive Testing Equipment Market is segmented into Ultrasonic Testing, Radiography Testing, Visual Inspection Testing, Magnetic Particle Testing & Electromagnetic Testing, Eddy-Current Testing,Liquid Penetrant Testing and Others segment. Based on the Technique, the market is bifurcated into Volumetric Examination, Surface Examination and Other segments. According to the application, the Non-Destructive Testing Equipment Market is segmented into Oil & Gas, Energy & Power, Aerospace &Defense, Automotive & Transportation, Infrastructure, and other segments. The countries included in the report are China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific.
Key players profiled in the report include Olympus Corporation, Intertek Group, SGS S.A., Ashtead Technology, Mistras Group, General Electric, Magnaflux and Yxlon International.
Full report: https://www.kbvresearch.com/asia-pacific-non-destructive-testing-equipment-market/
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