Market Overview: Asia-Pacific Non-destructive Testing Market FY2024-2030
This reports provides an essential and dependable overview of the Asia-Pacific Non-destructive Testing Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
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Asia-Pacific Non-destructive Testing Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 7.5% (2024-2030)
The Asia-Pacific Non-destructive Testing (NDT) Market size was valued at USD 3.2 billion in 2023 & is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30.
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Asia-Pacific Non-destructive Testing Market Opportunity:
Evolving Power Generation Industry Especially in APAC Regions – The power generation industry is continuously growing to find new ways to be more energy efficient, thus involving and inventing new non-destructive testing methods and instruments. This leads to thriving the demand for non-destructive testing services and equipment to provide the best results. Also, companies from developed regions are increasingly establishing new plants and operations in the Asia Pacific, taking advantage of low-cost manufacturing, thus increasing the demand for non-destructive testing equipment. In conclusion, this poses an excellent opportunity for the industry to experience lucrative growth.
Asia-Pacific Non-destructive Testing Market Segmentation Analysis – FY2024-2030
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Asia-Pacific Non-destructive Testing Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Asia-Pacific Non-destructive Testing Market segmentation is enlisted below:
By Testing Technique
- Ultrasonic Testing
- Visual Inspection Testing
- Magnetic Particle Testing
- Liquid Penetrant Testing
- Eddy-Current Testing
- Radiography Testing
- Acoustic Emission Testing
By Method
- Visual Inspection
- Surface Inspection
- Volumetric Inspection
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By End User
- Manufacturing
- Oil & Gas
- Automotive
- Construction
- Power Generation
- Aerospace & Defense
- Others (Public Infrastructure, etc.)
By Country
- China
- India
- Japan
- South Korea
- Indonesia
- Rest of Asia Pacific
Asia-Pacific Non-destructive Testing Market Competitive Landscape
Fujifilm Corporation, Bureau Veritas S.A., Nikon Metrology NV, Applus Services, S.A., Olympus Corporation, YXLON International Gmbh (COMET Group), NCS Testing Technology Co., Limited Acuren Inspection, Inc. (Rockwood Service Corporation), Intertek Group Plc., and SGS Group.
Asia-Pacific Non-destructive Testing Industry News:
- 2023: Nikon IMBUhas launched three new models in its VOXLS range of X-ray CT (Computer Tomography) systems for Non-destructive inspection. The introduction of the 30 Series fills a specific need in the industry for users looking for an automation-ready system with the versatility to meet a wide range of industrial applications.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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