(PRWEB) October 20, 2012
Non-destructive testing (NDT) is a non invasive technique used to evaluate the integrity of a material, component or structure or quantitatively examine some characteristic of an object. Using a refined terminology, it can be stated that its a way of testing without destroying. As NDT does not permanently change or modify the article being inspected, it is a commendable technique that can save both money and time in product evaluation, troubleshooting, and research. The use of NDT can guarantee that quality-standards are adhered to right from raw material stage through fabrication and processing to pre-service and in-service inspection.
NDT Equipment and services market can be segmented according to following parameters: Methods and techniques; application and geography.
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The main driver for this industry would be the quality provided during the entire inspection process. Also safety provided for the object being tested is also another driver which would propel the sale of these equipments and services. Another dominant factor which is driving this industry is the wide application range of these products. There are some factors which pose as restraints. Pricing is a key factor which might limit the growth of these products as companies are not wisely pricing their products based on geography. Players in this industry need to adopt a different pricing strategy for different regions which would give them a winning edge over others. Training is another factor which acts as a restraint for market growth.
The main applications of NDT equipment and services are automotive applications, aviation, power plants, construction and manufacturing. Medical imaging and alternative energy generation sources, such as nuclear power, wind turbines, and hydroelectric are the applications where tremendous growth is possible. As electrification process is happening at a tremendous pace in railways industry, these equipments and services could be used effectively in this sector too.
The Non-Destructive Testing Services Market research report also captures the market roadmap with market size estimates, revenue forecasts, value chain, market & product trends, competitive landscape, leading players, and their key developments, strategies and profile.
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