The purpose of the report is to illustrate the state of the market of X-Ray Non-Destructive Testing, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Oil and gas is the largest end-use application segment for X-ray NDT equipment and segment accounted for one third of the overall X-ray NDT equipment demand in the overall market by application. Increasing adoption of the digital X-ray equipment in downstream and upstream operations in oil and gas sector is expected to support the market growth in the near future. These equipment are used for corrosion and erosion detection, precise measurement of wall thickness and weld quality of pipes used in the oil and gas industry. Rising market competition and stringent production regulations are forcing industrial manufacturers to produce quality produce and to minimize wastage. Thus, industrial manufacturers are also increasingly investing in testing and inspection solutions to improve their production process. Aerospace and defense industry is predicted to be the fastest end-use application segment with increasing production of aircrafts, spacecraft and related products.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global X-Ray Non-Destructive Testing buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of X-Ray Non-Destructive Testing contains:
Analysis and forecast of X-Ray Non-Destructive Testing market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the X-Ray Non-Destructive Testing market;
Assessment and forecast of X-Ray Non-Destructive Testing market development;
Financial and business profiles of the leading companies in the X-Ray Non-Destructive Testing industry.
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– Up to date working X-Ray Non-Destructive Testing data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed X-Ray Non-Destructive Testing for the period 2018 to 2026
– Planned X-Ray Non-Destructive Testing additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new X-Ray Non-Destructive Testing projects by region, key countries, and companies
– Details of major planned X-Ray Non-Destructive Testing projects in the world up to 2026
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