Future of North America Electromagnetic NDT Market

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MarketsandMarkets Presents
North America Electromagnetic NDT Market worth
223.76 Million by 2020
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rth-america-electromagnetic-ndt-market-11920041.ht
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• According to the new market research
  report North America Electromagnetic NDT
  Market by Method (Eddy Current Testing, Remote
  Field Testing, Magnetic Flux Leakage Testing), by
  Vertical (Oil Gas, Power Generation,
  Automotive, Aerospace, by Country (The U.S.,
  Canada, Mexico) - Trends Forecast to 2015 -
  2020 , the total North American electromagnetic
  NDT equipment market is expected to reach 223.76
  Million by 2020, at a CAGR of 8.84 between 2015
  and 2020.
• Browse 78 market data tables and 47 figures
  spread through 145 pages and in-depth TOC on
  North America Electromagnetic NDT Market -
  Trends Forecast to 2015 - 2020"http//www.marke
  tsandmarkets.com/Market-Reports/north-america-elec
  tromagnetic-ndt-market-11920041.htmlEarly buyers
  will receive 10 customization on reports.

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• The North American electromagnetic NDT market
  size is expected to grow at a CAGR of 8.84
  between 2015 and 2020. The market has a
  significant scope for the development of
  different NDT methods due to the increasing
  adoption of inspection technology in power
  generation, oil gas, automotive, and aerospace.
  The automotive vertical accounted for a major
  share of 22 of the overall market in 2014, and
  the market for aerospace vertical is expected to
  grow at a CAGR of 10.61 between 2015 and 2020,
  to reach 42.90 Million by 2020 from 23.40
  Million in 2014. The stringent government safety
  regulations and the growing demand for NDT
  inspection technologies from the automotive and
  aerospace segments are the key factors driving
  the North American electromagnetic NDT equipment
  market
• There are various types of electromagnetic NDT
  methods  such as eddy-current testing (ECT),
  remote field testing (RFT), and alternating
  current field measurement (ACFM) testing, which
  are used by the industry verticals. Of all these
  techniques, the eddy-current non-destructive
  testing method is most preferred type of
  electromagnetic testing method for the detection
  of surface-connected flaws. This NDT technique is
  ideal for non-ferrous parts and is capable of
  inspection through coatings that are intact and
  smooth. The high demand for eddy-current testing
  equipment is especially driven by the growing
  automotive sector in North America. Magnetic flux
  leakage testing equipment held the second
  prominent position with a market share of around
  16 of the overall North American electromagnetic
  NDT equipment market.

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• The market is mainly segmented into three
  countries, namely, the U.S., Canada, and Mexico.
  The overall non-destructive testing market is
  highly fragmented and competitive. This market is
  relatively immune to major economic slowdowns,
  and hence, presents a tremendous potential for
  growth. The U.S accounted for the highest share
  of 58 of the overall market in 2014. The U.S.
  has been a major contributor to the overall
  non-destructive testing equipment market, but
  recently, Mexico and Canada are emerging as
  important manufacturing hubs for the automotive
  and power generation sectors.
• The report profiles the promising major players
  with a SWOT analysis of key players in the North
  American electromagnetic NDT market. The market
  is witnessing a series of new product launches
  and partnerships across the value chain. Some of
  the major companies in the market are GE (U.S.),
  Olympus Corporation (Japan), Foerster (U.S.),
  Zetec, Inc. (U.S.), Magnetic Analysis Corporation
  (U.S.), and Eddyfi (Canada).

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