PUNE, India, August 26, 2016 /PRNewswire/ --
Overall ultrasonic testing market is expected to be dominated by
phased array ultrasonic testing and be worth $3.93 Billion by 2022, at a CAGR of 8.3% with
power generation vertical expected to grow at the highest CAGR.
Complete report on global ultrasonic testing (UT) market spread
across 178 pages, profiling 10 companies and supported with 66
tables and 59 figures is now available at
http://www.reportsnreports.com/reports/663207-ultrasonic-testing-market-by-type-time-of-flight-diffraction-phased-array-immersion-testing-guided-wave-equipment-flaw-detectors-tube-inspection-transducers-probes-bond-testers-service-vertical-and-geography-global-forecast-to-2022.html
.
The key driving factors for the growth of the ultrasonic testing
(UT) are the demand for reliable non-destructive testing technique
for fiberglass and carbon fiber composites in manufacturing.
Ultrasonic testing provides a complete and well-established
technique for locating and documenting internal flaws. The sound
waves are reflected from voids or cracks, changes in the echo
pattern indicate changes in the internal structure of a part.
The market for phased array type of ultrasonic testing (UT) is
estimated to grow at a high CAGR during the forecast period. The
advantages of phased array ultrasonic testing (UT) techniques
include the ability to perform electronic scanning of the
ultrasonic beam and reduce inspection time by eliminating or
reducing the need to move the probes. Furthermore, the phased array
technology reduces the use of multiple elements to steer, focus,
and scan beams with a single transducer assembly. The phased array
UT optimizes defect detection and minimizes inspection time, thus
this method is expected to grow at a faster rate than other types
of ultrasonic testing (UT) techniques during the forecast
period.
The market for the power generation vertical is estimated to
grow at a high CAGR during the forecast period. Ultrasonic testing
plays an important role in ensuring the safety of nuclear power
plants in inspection during construction and whilst in-service.
Additionally, developing economies such as India are investing in power grid
infrastructure to expand their reach of electricity to almost every
household.
The ultrasonic testing (UT) market in North America is primarily driven by major
infrastructure undertakings in verticals such as aerospace, power
generation, and transportation in the U.S. The market in APAC is
expected to grow at a high CAGR between 2016 and 2022. The growth
of the ultrasonic testing (UT) market in APAC is because of the
rapid infrastructural development. The market for NDT equipment is
forecast to grow fast, driven primarily by major infrastructure
advancements and automation in manufacturing processes in countries
such as India and China.
The key players in the ultrasonic testing (UT) market include
General Electric (U.S.), Olympus Corporation (Japan), Ashtead Technology Ltd. (U.K.),
Mistras Group Inc. (U.S.), and TecScan Systems Inc. (Canada), Sonatest Ltd. (U.K.), Amerapex
Corporation (U.S.), NDT Systems Inc. (U.S.), Applied Technical
Services, Inc. (U.S.), and Sonotron NDT (Israel). Order a copy of Ultrasonic Testing
Market by Type (Time-of- Flight Diffraction, Phased Array,
Immersion Testing, Guided-Wave), Equipment (Flaw Detectors, Tube
Inspection, Transducers & Probes, Bond testers), Service,
Vertical, and Geography - Global Forecast to 2022 research report
available at
http://www.reportsnreports.com/purchase.aspx?name=663207 .
In the process of determining and verifying, the ultrasonic
testing (UT) market for several segments and sub segments gathered
through secondary research, extensive primary interviews were
conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3
(20%) companies were contacted for primary interviews. The
interviews were conducted with various key people such as C Level
Executives (35%), Director Level (25%) and others (40%) from
various key organizations operating in the global ultrasonic
testing (UT) market. The primary interviews were conducted
worldwide covering regions such as North
America (25%), Europe
(30%), APAC (35%) and Rest of World (10%).
On a related note, another research on Eddy Current Testing
Market Global Forecast to 2022 says, market for the
manufacturing vertical expected to grow rapidly in the near future.
The overall market is size is expected to be valued at USD 1,682.9 million by 2022, at a CAGR of 9.82%
between 2016 and 2022. APAC is to be the fastest-growing market for
eddy current testing. Growth in the aerospace industry is one of
the major driving factors. Companies like General Electric Company,
Olympus Corporation, Eddyfi NDT Inc., Ashtead TechnologyLtd.,
Fidgeon ltd, Magnetic Analysis ltd, Ether NDE Ltd., Zetec Inc., IGB
NDT System Corporation, Mistras Group Inc. and TUV Rheinland have
been profiled in this 156 pages research report available at
http://www.reportsnreports.com/reports/660859-eddy-current-testing-market-by-type-conventional-eddy-current-acfm-rft-eddy-current-array-pulsed-eddy-current-near-field-testing-near-field-array-partial-saturation-eddy-current-service-vertical-and-geography-global-forecast-to-2022.html
.
Explore more reports on the semiconductor and electronics market
at
http://www.reportsnreports.com/market-research/semiconductor-and-electronics/
.
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