According to a new report, Europe Non-Destructive Testing Equipment Market, published by KBV Research, the Europe Non-Destructive Testing Equipment Market is expected to grow at a CAGR of 8.1% during 2016 -2022.
The Germany market dominated the Europe NDT Equipment Market in 2015, and would grow at a CAGR of 6.9% during the forecast period. The UK market is expected to attain a market size of $144.6 million by 2022. However, France market is expected to grow at CAGR of 8.8% during 2016-2022.
The Ultrasonic Testing market contributed the larger revenue share to the Europe NDT Equipment Market in 2015, and would grow at a CAGR of 6.3% during the forecast period. The Radiography Testing market is expected to attain a market size of $138.1 million by 2022. However, Visual Inspection Testing market is expected to grow at CAGR of 6.7% during 2016-2022.
The Energy & Power market dominated the Europe Non-Destructive Testing Equipment Market in 2015, and is expected to experience a growth of 6.4% CAGR during the forecast period. However, Aerospace &Defense market is expected to grow at CAGR of 6.3% during 2016-2022.
The report highlights the adoption of Non-Destructive Testing Equipment market in Europe.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 Germany, UK, France, Russia, Spain, Italy and Rest of Europe.
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/europe-non-destructive-testing-equipment-market/
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