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 |
Customization Offered
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
Customization Speak To
Analyst
Research Methodology: Eddy Current Testing Market - Global Market Assessment, 2021 - 2028
Vantage Market Research follows a veracious methodology to arrive at market-related projections. The research methodology is based on the 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call. Vantage Market Research employs the most infallible research methodology that ensures clients are receiving:
- Consistent, vigorous, and actionable data analysis that would help to make key business decisions
- Statistically improved and reliable insights through a veracious and well-audited research methodology.
- Independent study ensures a tangible representation of the market
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Eddy Current Testing market.
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.
