Technology News & Trends

The  global market for non-destructive testing equipment  is competitive in nature with a large number of players engaged in it across the globe, states a new research study presented by Transparency Market Research. The expected entry of new players and the growing focus of the leading players on the development of new products are projected to enhance the growth of the global non-destructive testing equipment market throughout the forecast period.  The increasing number of acquisitions and collaborations is predicted to accelerate the growth of the market in the near future. Moreover, technological advancements and innovations are predicted to generate lucrative opportunities for the market players, thus supporting the market growth in the near future. Some of the key players operating in the non-destructive testing equipment market across the globe are Zetec Inc. (U.S.), Olympus Corporation (Japan), Eddyfi NDT Inc. (Canada), GE Measurement & Control Solutions (...

According to a new market report published by Transparency Market Research “Non-Destructive Testing Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” global non-destructive testing equipment market was valued at USD 3.21 Billion in 2014; growing at a CAGR of 5.8% from 2015 to 2021 to account for USD 4.78 Billion in 2021. Browse The Report: http://www.transparencymarketresearch.com/pressrelease/nondestructive-testing-equipment.htm    Non-destructive testing are exercised for determining the physical properties of materials such as ductility, ultimate tensile strength and fracture toughness. The non-destructive testing is used to ensure product reliability and integrity to control manufacturing processes. In addition, stringent government safety regulations for quality control, ensure safety and reliable performance of the machines, and increasing demand to improve quality and longevity of the machines are the major f...