Eddy-current Testing Market By Technique (Conventional Eddy Current Testing, Remote Field Testing, Alternating Current Field Measurement, Eddy Current Array, Others), By Service (Inspection Services, Equipment Rental Services, Caliberation Services, Training Services), By Industry Verticals (Manufacturing, Oil and Gas, Automotive, Power Generation, Government Infrastructure and Public Safety, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
Eddy current testing, also known as ECT, is one of the several nondestructive testing (NDT) procedures that use electromagnetic induction to discover the surface and sub-surface faults in conductive materials.
The growth of the global eddy current testing market is majorly driven by advancements in the new ECT technology paired with rising in safety regulations by governments. Moreover, a rise in safety regulations by governments is anticipated to drive the growth of eddy-current testing. However, the lack of skilled and qualified workforce acts as a prime restraint of the global eddy current testing market. On the contrary, increased infrastructural developments in emerging economies and manufacturing opportunities in BRICS are anticipated to provide lucrative opportunities for the eddy current testing industry during the forecast period.
The eddy current testing market is segmented based on technique, service, industry vertical, and region. By technique, the market is segmented into conventional eddy current testing, remote field testing, alternating current field measurement, eddy current array, and others. By service, the market is split into inspection services, equipment rental services, calibration services, and training services. By industry vertical, it is classified into manufacturing, oil & gas, automotive, power generation, government infrastructure & public safety, and others. Region-wise, the eddy current testing market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the market include eddy's current testing market players, such as General Electric Company, Ether NDE Limited, Olympus Corporation, Eddyfi NDT Inc, Mistras Group Inc., Ashtead Technology Ltd., TUV Rheinland AG, Ibg NDT System Corporation, Fidgeon Limited, and Magnetic Analysis Corporation Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the eddy-current testing market analysis from 2020 to 2030 to identify the prevailing eddy-current testing market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the eddy-current testing market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global eddy-current testing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technique
Alternating Current Field Measurement
Eddy Current Array
Others
Conventional Eddy Current Testing
Remote Field Testing
By Service
Inspection Services
Equipment Rental Services
Caliberation Services
Training Services
By Industry Verticals
Manufacturing
Oil and Gas
Automotive
Power Generation
Government Infrastructure and Public Safety
Others
By Region
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Ashtead Technology Ltd
Eddyfi NDT Inc
Ether NDE Limited
Fidgeon Limited
General Electric Company
Ibg NDT System Corporation
Magnetic Analysis Corporation
Mistras Group Inc
Olympus Corporation
TUV Rheinland AG
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