Covid 19 Ultrasonic NDT Equipment Market - Latest Innovation by Regional Forecast to 2023

The global ultrasonic NDT equipment market is prognosticated to touch USD 2.47 Billion at a staggering 9.87% CAGR over the predicted years (2017-2023). Ultrasonic testing or UT put merely, is a type of non-destructive testing (NDT) which utilizes sound waves of high frequency for measuring the hardness or thickness of a material. Often these tests are performed for assessing corrosion on steel/aluminium constructions, valves and pipes. Besides it is also used for detecting flaws mainly leaks and cracks. Thus, it is a vital tool utilized in bridge inspection, building inspection, equipment condition monitoring, manufacturing quality control, engineering and material testing. In industrial applications, UT is commonly used on ceramics, composites, plastics and metals. The sole common engineering material which is not ideal for UR with conventional equipment includes paper and wood products. This ultrasonic technology is used in the biomedical sector too for medical research and diagnostic imaging. It is absolutely non-destructive in nature. In fact the test piece will not require being cut, exposed against damaging chemicals or sectioned. Access to merely one side is needed as opposed to measurement with mechanical tools such as micrometers and calipers. The best apart about UT is there are no health hazards as in the case of radiography. As the test is properly set up, the outcomes are reliable and highly repeatable.

The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.

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Market Segmentation

MRFR report provides a complete segmental analysis of the ultrasonic NDT equipment market on the basis of end-users.

Based on end-users, the ultrasonic NDT equipment market is segmented into automotive & transportation industry, aerospace & defence sector, power generation and oil & gas industry. Of these, the oil & gas industry will have the largest share in the market over the predicted years. This is due to its extensive applications in various oil & gas exploration phases namely transportation, refining and in manufacturing of various associated equipment parts which includes storage tanks, heat exchangers, reactors, boilers, and pressure vessels.

Regional Analysis

Based on region, Covid 19 Ultrasonic NDT Equipment Market covers latest trends and growth opportunities across North America, Rest of the World, Europe and Asia Pacific. Of these, North America will command the market over the predicted years owing to growing focus by leading automotive manufacturers in boosting its production process within the US. The US is the key contributor here while Canada is predicted to expand over the predicted years. The ultrasonic NDT equipment market in the European region is prognosticated to grow at a stable rate. The market growth here is attributed to rising industrialization, rapid prototyping and increasing safety regulations. Besides, the expansion in the aerospace & defence industry is predicted to fuel the market growth. On the contrary, high cost of testing equipment and dearth in skilled workforce are factors that are acting as deterrents in the growth of the market in the European region.

Key Players

Leading players profiled in the ultrasonic NDT equipment market include Trinity NDT (India), Qualitest International (Canada), PaR systems (U.S.), NDT Systems (U.S.), James Instruments (U.S.), Eddyfi (Canada), Danatronic (U.S.), Sonatest (U.K.), Olympus Corporation (Japan), and GE Inspection Technologies (U.S.).

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