According to a new report, North America Non-Destructive Testing Equipment Market , published by KBV Research, the North America Non-Destructive Testing Equipment Market is expected to grow at a CAGR of 4.9% during 2016 -2022.
The U.S market dominated the North America NDT Equipment Market in 2015, and would grow at a CAGR of 4.2% during the forecast period. The Canada market is expected to attain a market size of $101.9 million by 2022. However, Mexico market is expected to grow at CAGR of 6.3% during 2016-2022.
The Ultrasonic Testing market contributed the larger revenue share to the North America NDT Equipment Market in 2015, and is expected to grow at a CAGR of 3.1% during the forecast period. The Radiography Testing market is expected to attain a market size of $144.3 million by 2022. However, Visual Inspection Testing market is expected to grow at CAGR of 3.5% during 2016-2022.
The Surface Examination market dominated the North America Non-Destructive Testing Equipment Market in 2015, and would reach a market size of $263.7 million by 2022, growing at a CAGR of 7% during the forecast period. The Volumetric Examination market is expected to attain a market size of $306.4 million by 2022. However, Others market is expected to grow at CAGR of 7.7% during 2016-2022.
The report highlights the adoption of Non-Destructive Testing Equipment market in North America.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 Otherssegment. 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 U.S, Canada, Mexico and Rest of North America.
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/north-america-non-destructive-testing-equipment-market/
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