Welcome!

News Feed Item

Analysis of the Global Ultrasonic Non-destructive Test Equipment Market

LONDON, Feb. 10, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Analysis of the Global Ultrasonic Non-destructive Test Equipment Market


Phased Array Ultrasonic Test Equipment Outpacing the Market

The global ultrasonic non-destructive test (NDT) equipment market was impacted severely by the economic recession of 2009 to 2010. Since then, the market has done well to maintain a stable growth rate. This market engineering study discusses the current state of the total global ultrasonic NDT equipment market; it provides analyses for the following segments: thickness gauges, digital flaw detectors, phased array flaw detectors, and test machines. Regions covered include North America, Europe, Asia-Pacific, and ROW. The study also gives an overview of the current trends impacting this market, the size of the market, its future potential, and its competitive environment. The base year is 2012, and the forecast period is 2013 to 2017.

Key Findings

•The highest revenue generated in the ultrasonic nondestructive test (NDT) equipment market is from the test machines segment, whereas the highest volume sales is in the thickness gauges segment.
•Phased array flaw detectors represent the highest growing segment in the ultrasonic NDT equipment market, both in terms of revenue and volume.
•The average price per unit in the phased array flaw detectors segment is decreasing at a rapid rate, with a X% reduction in price forecasted from 2012 to 2017.
•Within the phased array flaw detector segment, existing participants are introducing more new products than before, and new participants are entering this booming segment.
•Oil and gas—followed by power generation and aerospace, military, and defense—is the highest revenue contributor to the ultrasonic NDT equipment market.
•The market is growing the most in Rest of World (ROW), with growth occurring in the Middle East, Africa, and South America.
•GE Measurement and Control Solutions and Olympus NDT are the leading market participants. Sonatest PLC is a distant third.
•The highest number of participants exist in the test machines market segment, which is dominated by system integrators.

CEO's Perspective

1. In this market, year-over-year unit sales vary considerably, and the market is quite dependent on general economic conditions.
2. Equipment manufacturers are moving toward low-end phased array flaw detectors that provide basic functionalities.
3. Because of maturing technology, customers have placed extra emphasis on equipment features and software capabilities.
4. High growth regions include regions in ROW, such as the Middle East, Africa, and Latin America (especially Brazil).
5. A lack of skilled technicians, especially in the phased array ultrasonic testing segment, means that equipment must be easy to use.

Market Definitions

Geographic Coverage: Global
Study Period: 2009–2017
Base Year: 2012
Forecast Period: 2013–2017
Monetary Unit: US Dollars
Conversion Rate: $1.00 = € - $1.00 = £X

•For the purpose of this study, the market is defined as the revenue generated by the ultrasonic NDT equipment manufacturers and the system integrators that sell integrated test machines globally.
•The geographic scope is global and is segmented as follows:
oNorth America—includes the United States and Canada
oEurope: includes Belgium, France, Denmark, Scandinavia, Germany, Italy, Luxembourg, the Netherlands, Spain, Portugal, Greece, Turkey, Russia, the United Kingdom, Serbia, Slovakia, Croatia, Romania, Bulgaria, Estonia, Belarus, Hungary, Azerbaijan, the Czech Republic, Ireland, Switzerland, Poland, and Ukraine
oAsia-Pacific—includes Greater China (China, Hong Kong, and Taiwan), Japan, South Korea, Pakistan, North Korea, India, ASEAN* countries (Singapore, Malaysia, Indonesia, The Philippines, Thailand, and Vietnam), Central Asian countries (Kazakhstan, Uzbekistan, Turkmenistan, Tajikistan, Kyrgystan) Australia, and New Zealand
oRest of World—includes countries in Latin America (such as Brazil, Mexico, Argentina, and other countries in Central and South America as well as in the Caribbean), the Middle East, and Africa

The different product segments included in this study are as follows:
Thickness Gauges—these are instruments that utilize conventional ultrasonic principles and can be operated in different modes such as pulse echo, multiple echo, or echo to echo. These modes define how the measurement is made. The thickness gauges can be further sub divided into precision gauges and corrosion gauges. Corrosion gauges are used to measure the remaining wall thickness in metal pipes, tanks, structural parts, and pressure vessels that are affected by internal corrosion. Precision gauges are more applicable in the aerospace and automotive industries, which require greater accuracy in measurements and the ability to measure thin metals.
Digital Flaw Detectors—Also known as mono-channel flaw detectors, these are instruments that operate on conventional ultrasonic principles and typically possess 1 to 4 channels for measurement. Most digital flaw detectors are extremely portable, with the handheld variants being very popular. This segment includes high-end benchtop variants, as well.
Phased Array Flaw Detectors—These work on the phased array ultrasonic principles and are typically combined with time-of-flight diffraction (TOFD) to provide a holistic ultrasonic testing instrument. Based on features, phased array ultrasonic flaw detectors can be sub-divided into low-end, mid-end, and high-end varieties. The low-end and mid-end detectors are portable instruments, whereas the high-end ones are benchtop instruments. Any portable or benchtop unit that possesses phased array ultrasonic capability is included in this segment.
Test Machines—These are systems sold mostly by system integrators for use in a manufacturing environment. These systems are typically integrated with the production lines that include mechanical frames. These can also be used offline as a fixed-test system. They are highly customized for specific applications and end-client needs. This segment includes revenue generated from mechanical systems, as well.

The end-user industries covered in this study are as follows:
Oil and Gas—includes refineries, on-shore and offshore oil and gas wells and rigs, on-shore and off-shore oil and gas pipelines, and chemical and petrochemical plants
Power Generation—includes energy companies; utilities; and co-generation, renewable, and non-renewable power plants.
Aerospace, Military, and Defense—includes commercial and private aviation and military- and defense-related research labs
Automotive and Transportation—includes the automotive and transportation industries, such as roadways and railways
Others—includes government and educational institutions; process industries; the mining industry; and companies involved with inspecting civil infrastructure, which includes such structures as buildings, bridges, and stadiums

Revenue for all end-user industry segments includes equipment sold for both testing during the manufacturing of individual components—such as tubes, bars, pipes, plates, strips, vessels, billets, and castings—and the in-service inspection of these components.

The scope of this study does not include guided wave ultrasonic testing, laser ultrasonic testing, corrosion monitoring that uses permanently installed ultrasonic sensors, ultrasonic transducers, and the probes that are sold individually as consumables and not with new equipment.

Key Questions This Study Will Answer

• Is the ultrasonic NDT equipment market growing, how long will it continue to grow, and at what rate?
• What are the strategic growth regions and the factors driving and restraining these markets?
• How is the competition in the market structured? What is the competitive environment for individual product segments?
• Which end-user industry segments will offer growth opportunities in the next 5 years?
• Are the products/services offered today meeting customer needs or is additional development needed?
• Which product segments offer the highest growth opportunities, both in terms of revenue and volume sales?


Table Of Contents

1. Executive Summary
2. Market Overview
3. Total Ultrasonic NDT Equipment Market
• Drivers and Restraints
• Forecast and Trends
• Market Share and Competitive Analysis
4. Thickness Gauges Segment Breakdown
5. Digital Flaw Detectors Segment Breakdown
6. Phased Array Flaw Detectors Segment Breakdown
7. Test Machines Segment Breakdown
8. North American Breakdown
9. European Breakdown
10. Asia-Pacific Breakdown
11. Rest of World Breakdown
12. The Last Word
13. Appendix




Read the full report:
Analysis of the Global Ultrasonic Non-destructive Test Equipment Market
http://www.reportbuyer.com/industry_manufacturing/machinery/analysis_glo...

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

 

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
I think DevOps is now a rambunctious teenager - it's starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...