The report entitled; “Nondestructive Test Equipment Market, Trends, Dynamics, and Market Analysis,” recently published by Stratview Research offers a comprehensive outlook of the industry. This report by Method (Ultrasonic, Eddy Current, Electromagnetic, Radiography, Thermography, Other), Technique (Volumetric Examination, Surface Examination, Others), Application (Manufacturing, Petrochemical, Aerospace, Automotive, Power Generation, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026.
Market Highlights
The Nondestructive Test Equipment Market is projected to grow from USD 3.2 billion in 2020 to USD 5.2 billion by 2026 at a CAGR of around 8.6% during the forecast period.
Segment-wise analysis
By application, the nondestructive test equipment market has been bifurcated into manufacturing, petrochemical, aerospace, automotive, power generation, and others. The manufacturing segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.
By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to the high product adoption rate in the end-use industries coupled with the presence of key market players such as Centurion NDT, Inc. (US) and Zetec Inc. (US). The market growth in Asia-Pacific is expected to be driven by expanding industrialization in developing countries particularly China and India.
To get more details about this report, order a sample report here… https://www.stratviewresearch.com/Request-Sample/2278/Nondestructive-Test-Equipment-Market.html#form
About Stratview Research
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