Global UT Equipment Market 2014-2018

About Ultrasonic Testing Equipment
Ultrasonic testing is a type of non-destructive testing (NDT). NDT is a method of finding discontinuity in test material without harming the material. Ultrasonic testing equipment uses high-frequency sound energy to conduct examinations and make measurements. The frequency used for ultrasonic testing is in the range of 500 KHz to 20 MHz. Ultrasonic testing equipment is used in Oil and Gas, Power Generation, Aerospace and Defense, Automotive, and Fabrication industries. High accuracy, reliability, reproduction of output, material characterization, absence of potential health hazards, and lack of damage to the test material are some of the advantages of using ultrasonic testing equipment.
TechNavio's analysts forecast the Global Ultrasonic Testing Equipment market to grow at a CAGR of 7.52 percent over the period 2013-2018.

Covered in this Report
The Global Ultrasonic Testing Equipment market can be divided into the following three segments based on end-users: Oil and Gas, Power Generation, and Aerospace and Defense. This report covers the present scenario and the growth prospects of the Global Ultrasonic Testing Equipment market for the period 2014–2018. This report considers revenue generated from sales of ultrasonic testing equipment. It includes the entire range of ultrasonic testing equipment such as digital flaw detectors, phased array and time of flight diffraction technique equipment, thickness gauges, and test machines available in the global market.
TechNavio's report, the Global Ultrasonic Testing Equipment Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, the APAC region, and the ROW; it also covers the Global Ultrasonic Testing Equipment market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

• APAC
• Europe
• North America
• ROW

Key Vendors

• GE Inspection Technologies
• Olympus
• Sonatest

Other Prominent Vendors

• Institut Dr. Foerster
• Mistras Group
• Modsonic
• Sonotron
• Technology Design

Market Driver

• Increase in Demand from Oil and Gas Industry
• For a full, detailed list, view our report

Market Challenge

• Lack of Skilled Manpower
• For a full, detailed list, view our report

Market Trend

• Use of Phased Array Equipment in Lieu of Radiography
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2018 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?