Asia Pacific NDT Equipment Market - Analysis by Geography, by Deployment Location Competitive Landscape, Key Company Information - Growth, Trends and Forecasts (2018-2023)

PUBLISHED

DEC 2017

Asia Pacific NDT Equipment Market - Analysis by Geography, by Deployment Location Competitive Landscape, Key Company Information - Growth, Trends and Forecasts (2018-2023)

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The Asia pacific NDT equipment market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of XX% during the forecast period from 2015 to 2020. Non-destructive evaluation includes the inspection of process, testing, or evaluating materials, components or assemblies for discontinuities, or differences in characteristics without destroying the serviceability of the part or system. These destructive tests are often used to determine the physical properties of materials such as impact resistance, ductility, yield and ultimate tensile strength, fracture toughness and fatigue strength, but discontinuities and differences in material characteristics are more effectively found by NDT. The six most frequently used test methods are Magnetic Particle Testing, Liquid Penetrant Testing, Radiographic Testing, Ultrasonic Testing, Electromagnetic Testing and Visual Testing. Each of these test methods will be described here, followed by the other, less often used test methods.

These non destructive test equipment offer solutions to industry which are to be used manufacturing, fabrication and in-service inspections to ensure product integrity and reliability. NDT equipment are also used in construction, to ensure the quality of materials and joining processes during the fabrication and erection phases, and in-service NDT inspections are used to ensure that the products in use continue to have the integrity necessary to ensure their usefulness and the safety of the public.

This market is driven by a number of factors, such as Industrial standardisation, Increasing safety regulations, Rapid prototyping and manufacture of complex geometries. However, this market faces certain drawbacks, such testing equipment being very expensive, and lack of qualified and skilled workforce, requirement of customization of NDT equipment. These factors may act as a roadblock to the growth of the market. A plunge in Aerospace industry can be seen as an opportunity where the industry has to adapt to NDT inspection techniques.

This NDT equipment market can be broadly segmented by technology into NDT contact methods and NDT non- contact methods. And these two categories are further sub divided based on the inspection method. The market is also segmented based on the equipment’s usage namely, Mechanics of structures, Weld verification, Radiography in medicine. This technology has applications in Power generation, oil & gas, aerospace and defence, automotive, Medical, Marine. Market study indicates that Aerospace & defence and nuclear segment accounts for the largest share in this market. This is due to the high standardization requirements of these industries.

The market has also been geographically segmented into India, China, Japan, Australia and Indonesia, with Japan occupying the largest consumer base in this region. China and India follow the list in the same order. Asia-Pacific is one of the largest market for NDT equipment. These areas being industrialized heavily and have led this region an area of immense potential and opportunities. However, the price sensitivity in this region has considerably hindered the growth of this market.

The market has more relevance today since trends show that the industry is in a need to adapt to more safety and reliability approaches. The major companies dominating this market for its products, services, and continuous product developments are Eddyfi NDT Inc., EDDYSUN (Xiamen) Electronic Co.,LTD, GE, Guangdong Goworld Co., Ltd., Magnaflux Corporation, Mistras Group Inc., Modsonic, Nikon Metrology Inc., Olympus Corporation, Shandong Jining Mould Tool Factory, Radent engineering, Sonatest Ltd. , Sonotron, Taisei International, Zetec Inc. and others

The current trends in mergers and acquisitions indicate that the smaller companies are acquiring the bigger ones for higher innovations by utilizing their core competencies. The Non- destructive technology offers a huge potential of change in enhancing safety of many manufactured goods all over the world.

Key Deliverables in the Study

  • Market analysis for the Asia pacific Non- Destructive testing equipment Market, with region specific assessments and competition analysis on global and regional scales
  • Market definition along with the identification of key drivers and restraints
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares
  • Identification and analysis of the macro and micro factors that affect the Asia Pacific Non- Destructive testing equipment market on both global and regional scales
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
  • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

1. Executive Summary

2. Research Methodology

3. Markets Covered

4. Market Overview

                4.1 Introduction

                4.2 Market Demand to 2020

                4.3 Recent Developments in Non Destructive testing industry

5. Drivers, Constraints and Opportunities

                5.1 Drivers

                                5.1.1 Emerging economies and increasing industrialization

                                5.1.2 Industrial standardisation

                                5.1.3 Increasing safety regulations

                                5.1.4 Growth in Automation, Electronics & Robotics End-User Industries

                                5.1.5 improved accuracy in the analysis due to software advancements

                                5.1.6 Need to Extend the Life of Aging Assets

                                5.1.7 Rapid prototyping and manufacture of complex geometries

                5.2 Constraints

                                5.2.1 testing equipment being very expensive

                                5.2.2 lack of qualified and skilled workforce

                                5.2.3 requirement of customization of NDT equipment

                                5.2.4 industry not adapting NDT techniques

                5.3 Opportunities

                                5.3.1 growing NDT inspection services

                                5.3.2 plunge in aerospace industry in future

                                5.3.3 emerging economies and industrial growth

6. Asia Pacific Non Destructive testing equipment Manufacturing Industry value Chain Analysis

                6.1 Overview

                6.2 Service Providers

7. Asia Pacific Non Destructive testing equipment Market Analysis, by Technology (methods and each of its techniques)

                7.1 NDT contact methods

                                7.1.1 Ultrasonic Inspection

                                                7.1.1.1 Acoustic Emission Testing

                                                7.1.1.2 Electromagnetic Acoustic Transducers

                                                7.1.1.3 Guided Wave Ultrasonic Testing

                                                7.1.1.4 Phased Array Ultrasonic Testing

                                                7.1.1.5 Time of Flight Diffraction Ultrasonic

                                7.1.2 Magnetic and Electromagnetic Testing

                                                7.1.2.1 Alternating Current Field Measurement

                                                7.1.2.2 Remote Field Testing

                                                7.1.2.3 Magnetic Flux Leakage Test

                                7.1.3 Eddy Current Testing

                                7.1.4 Liquid Penetrant Testing

                7.2 NDT non contact methods

                                7.2.1 Radiography

                                                7.2.1.1 Gamma Ray

                                                7.2.1.2 Film Radiography

                                                7.2.1.3 X-Ray Computed tomography (CT)

                                7.2.2 Thermography

                                7.2.3 Shearography

                                7.2.4 Visual Inspection

                                7.2.5 Remote Visual Testing

                                                7.2.5.1 Borescope

                                                7.2.5.2 Fiberscope

                                                7.2.5.3 Videoscopes

8. Asia Pacific Non Destructive testing equipment market Analysis, by usage

                8.1 Mechanics of structures

                8.2 Weld verification

                8.3 Radiography in medicine

                8.4 others

9. Asia Pacific Non Destructive testing equipment market Analysis, by industry

                9.1 Power generation

                                9.1.1 Nuclear

                                9.1.2 Wind

                                9.1.3 Solar

                                9.1.4 Non renewable energy

                9.2 oil & gas

                                9.2.1 Transmission Pipeline

                                9.2.2 Refining

                                9.2.3 Subsea Pipelines

                                9.2.4 Storage Tanks

                9.3 aerospace and defense

                                9.3.1 Aircraft Engine Part Production to Be the Key Application Employing NDT Equipment

                                9.3.2 Composite Airframe Manufacturing to Be the Next Cult NDT Equipment Application

                                9.3.3 Aircraft Maintenance

                                9.3.4 Material Analysis

                9.4 automotive

                9.5 Medical

                9.6 Marine

                9.7 Others

10. Asia Pacific Non Destructive testing equipment Market Analysis, by Geography

                10.1 India

                10.2 China

                10.3 Japan

                10.4 Australia

                10.5 Indonesia

                10.6 Others

11. Key Company Analysis

                11.1 Eddyfi NDT Inc.

                11.2 EDDYSUN (Xiamen) Electronic Co.,LTD

                11.3 GE

                11.4 Guangdong Goworld Co., Ltd.

                11.5 Magnaflux Corporation

                11.6 Mistras Group Inc.

                11.7 Modsonic

                11.8 Nikon Metrology Inc.

                11.9 Olympus Corporation

                11.10 Radent engineering

                11.11 Shandong Jining Mould Tool Factory

                11.12 Sonatest Ltd.

                11.13 Sonotron

                11.14 Taisei International

                11.15 Zetec Inc.

                11.16 others

12. Competitive Landscape

                12.1 Mergers & Acquisitions

                12.2 Joint Ventures, Collaborations and Agreements

                12.3 Market Share Analysis

13. Appendix

                13.1 Contact Us

                13.2 Disclaimer

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