Semiconductors and Electronics
Non Destructive Market for Construction Industry to See Strong Growth Including Key Players Intertek Group plc, OLYMPUS CORPORATION, ROSEN Group., Ashtead Technology Ltd
Global Non Destructive Market for Construction Industry Market
Global Non Destructive Market for Construction Industry Market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Technological advancement and rising awareness about the benefits of NDT is the factor for the growth of this market. Global Non Destructive Market for Construction Industry Market By Type (Services, Equipment), Testing Technology (Radiography Testing, Ultrasonic Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Visual Inspection Testing, Acoustic Emission Testing, Thermography Testing, Laser Scanning Testing, Other), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
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Some of the major competitors currently working in the global non-destructive market for construction industry market are Acuren, Applus+, FLIR Systems, Inc, Intertek Group plc, OLYMPUS CORPORATION, ROSEN Group., Ashtead Technology Ltd, James Fisher and Sons plc, Zetec, Inc., SGS SA, Element Materials Technology, LISMAR, Inc., Intertek Group plc, GraFitz Group Network, Calumet Testing Services., Buehler, Gravitech Inspection Services, TEST ENGINEERING Ltd., Buffalo Inspection Services Inc., EnerMech.,among others.
Market Definition:
Non- destructive testing is a set of techniques which are used to analyse the component, materials and system without creating damage. Different technologies such as x- rays, radiography, radiation and other are used to detect the any fault. They make sure that they won’t damage the product while examination. The main function of the NDT is to detect internal and external imperfections, determine the material properties and measure geometric characteristics.
Market Drivers:
- Growing construction industry will drive the market growth
- Strict regulations mandating safety standards will also enhance the growth of this market
- Growing urbanization and industrialization will also contribute as a factor for this market growth
- Technological advancement in the NDT sector also acts as a market driver
Market Restraints:
- Lack of skilled and trained professional will restrict the market growth
- Rising complexity associated with the NDT processes is also hindering the growth of this market
Segmentation: Global Non Destructive Market for Construction Industry Market
By Capacity
- 1-20 KVA
- 20.1-50 KVA
- 50.1-100 KVA
- 100.1-200 KVA
- 200.1-500 KVA
- Above 500 KVA
By Product Type
- Off-Line/Standby
- Line-Interactive
- Online/Double-Conversion
By Application
- Telecommunication
- Data Center
- Medical
- Industrial
- Marine
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
Key Developments in the Market:
- In April 2018, RSK Group announced the acquisition of Non Destructive Testing Services Ltd (NDT Services), and Copeland Wedge Associates. This acquisition will help the company to expand their civil and structural engineering abilities. With this they will also be able to serve their customer with pile testing and will help them to strengthen their position in the market
- In November 2015, Intertek announced the acquisition of Professional Service Industries, Inc due to which Hi-Tech Testing Services, Inc. will be the part of the company’s industry service business line. This acquisition will help the company to complete their high quality technical services and strengthen their position in the market
Competitive Analysis
Global non-destructive market for construction industry market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of non-destructive market for construction industry market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
Table of Contents:
- Introduction
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Delivery
- Industry Type
- Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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