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Ultrasonic Testing Market Trends, Price, Demands and Forecasts To 2022

Tuesday, October 11, 2016 22:49
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(Before It's News)

According to Stratistics MRC, the Global Ultrasonic Testing market is estimated to be $2.16 billion in 2015 and is expected to reach $3.93 billion by 2022 growing at a CAGR of 8.9% from 2015-2022. Some of the major trends contributing to the market growth include rising ultrasonic testing services, advancements in portable phased array testing equipments and rising demand for consistent non destructive testing techniques. However, huge cost of UTE automated equipments is one of the major factors restricting the market. Furthermore, the future opportunity for the market lies in power generation sector.

Phased Array segment is anticipated to grow at a higher growth rate across the globe due to reduced inspection time. By geography, North America commanded the largest market share, whereas Asia Pacific is estimated to grow at a faster rate in ultrasonic testing market during the forecast period owing to the rapid infrastructural advancements. Moreoever, this market has higher demand in emerging countries such as China and India.

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Some of the key players profiled in this market include Applied Technical Services, Inc., Ashtead Technology, Sonotron NDT, Sonatest Ltd., Olympus Corporation, NDT Systems Inc. and Tecscan Systems Inc.

Service Covered:Training Services
Equipment Rental Services
Inspection Services
Calibration Services

Testing Type Covered:
Immersion Testing
Time-Of-Flight Diffraction
Guided-Wave Testing
Phased Array
Other Testing Types

End User Industry Covered:
Government Infrastructure
Oil & Gas
Power Generation
Plastic and Polymer
Other End User Industries

Equipment Covered:
Imaging Systems
Tube Inspection Systems
Transducers & Probes
Flaw Detectors
Bond Testers
Industrial Scanners
Thickness Gauges
Other Equipments

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players 
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Table Of Content
1 Executive Summary 

2 Preface 
2.1 Abstract 
2.2 Stake Holders 
2.3 Research Scope 
2.4 Research Methodology 
2.4.1 Data Mining 
2.4.2 Data Analysis 
2.4.3 Data Validation 
2.4.4 Research Approach 
2.5 Research Sources 
2.5.1 Primary Research Sources 
2.5.2 Secondary Research Sources 
2.5.3 Assumptions 

3 Market Trend Analysis 
3.1 Introduction 
3.2 Drivers 
3.3 Restraints 
3.4 Opportunities 
3.5 Threats 
3.6 End User Analysis 
3.7 Emerging Markets 

4 Porters Five Force Analysis 
4.1 Bargaining power of suppliers 
4.2 Bargaining power of buyers 
4.3 Threat of substitutes 
4.4 Threat of new entrants 
4.5 Competitive rivalry 

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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)

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