Eddy Current Testing Market
Eddy Current Testing Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0291
Segments Covered
By
Type Conventional Eddy Current Testing, Alternating Current Field Measurement (ACFM), Remote Field Testing (RFT)
-
By
Application Oil and Gas, Aerospace, Government Infrastructure
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1.2 Billion |
 Revenue 2028:
|
2.2 Billion |
 Revenue CAGR
(2021 - 2028): |
8.4 |
Fastest Growing Region (2022 -
2028)
|
North America |
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Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
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The report delivers an acute breakdown of the market based on various segments such as Type, Application and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.
On the basis of Type, the market is divided into Conventional Eddy Current Testing, Alternating Current Field Measurement (ACFM), Remote Field Testing (RFT). Residential is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Application, the market is divided into Oil and Gas, Aerospace, Government Infrastructure. Commercial attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Eddy Current Testing Market: Type Segment Analysis
-
- Conventional Eddy Current Testing
- Alternating Current Field Measurement (ACFM)
- Remote Field Testing (RFT)
Global Eddy Current Testing Market: Application Segment Analysis
-
- Oil and Gas
- Aerospace
- Government Infrastructure
FAQ
Frequently Asked Question
What is the global demand for Eddy Current Testing in terms of revenue?
-
The global Eddy Current Testing valued at 1.2 Billion in 2020 and is expected to reach 2.2 Billion in 2028 growing at a CAGR of 8.4%.
Which are the prominent players in the market?
-
The prominent players in the market are Eddyfi NDT, Mistras Group, IBG NDT Systems Corporation, Fidgeon Limited, Ashtead Technology, Zetec, Magnetic Analysis Corporation, Ether NDE Limited, TUV Rheinland, Olympus Corporation, General Electric..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 8.4% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Eddy Current Testing include
- The increasing demand of eddy current testing across the globe from end use industry is expected to support the growth of the eddy current testing market over the forecast period.
- The increasing stringent government regulations regarding safety and increasing stringent quality control demand is anticipated to augment the growth of the eddy current testing market during the forecast period.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Eddy Current Testing in 2020.
