United States NDT Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The United States NDT equipment market will register a CAGR of 8.12% over the forecast period. Non-destructive testing is mostly used to assess whether a component is compromised or if a replacement is necessary. The tests are made to ensure that both the testers and the tested products are safe.
Key HighlightsThe US NDT equipment market is moderately consolidated, with many businesses with a very small market share. The main elements fostering the market's fragmented nature are the growth of regional markets and the rising participation of local companies in foreign direct investments.
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