Global Industrial Radiography Equipment Market 2016-2020 – Increased Demand from Power Generation and Oil and Gas Sectors – Research and Markets
By Business Wire News
Research and Markets has announced the addition of the “Global Industrial Radiography Equipment Market 2016-2020” report to their offering.
The global industrial radiography equipment market to grow at a CAGR of 8.71% during the period 2016-2020.
Non-destructive testing (NDT) techniques are used to find discontinuities in test materials. NDT equipment is used to examine and evaluate the properties of an object, system, or material without damaging it. Some NDT methods such as UT, radiography testing, TOFD testing, and phased array are known for high accuracy, reliability, reproduction of output, and material characterization. NDT equipment comprises three major technologies: ultrasonic, radiography, and visual testing.
A trend which is positively impacting the market is the emergence of portable radiography equipment. The introduction of portable radiography equipment that is fully automated, versatile, and easy to use will generate interest among end-users. These systems reduce the cost of testing, as end-users that do not have in-house radiography equipment often get their products tested at the vendor’s location. Portable radiography equipment cost less compared to their conventional counterparts. The adoption of such systems is increasing as end-users can test multiple objects at different locations using a single device.
According to the report, a key growth driver is the increased demand from power generation and oil and gas sectors. Radiography equipment is used for inspection activities in power plants. At power plant sites, radiography equipment is used mainly for quality check and inspection of storage vessels, turbine parts, compressors, and plant infrastructure.
Growing demand for power from developing countries like China, India, and Brazil has resulted in increased construction of multiple new power plants. As a result, the demand for industrial radiography equipment has increased, as the equipment used in these power plants requires stringent testing to maintain high quality and efficiency standards.
Further, the report states that one challenge that could hinder market growth is the adoption of used and refurbished systems.
To calculate the market size, the report considers revenue generated from sales of the following equipment:
– Film-based radiography equipment
– Digital radiography equipment (direct radiography, computed radiography, computed tomography)
– Associated software
– Component sales for radiography equipment
– After-sales services
– Bosello High Technology
– COMET (YXLON)
– GE Measurement & Control
– Mettler-Toledo International
– North Star Imaging
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by technology
Part 07: Geographical segmentation
Part 08: Summary of key figures
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/d8jlv2/global_industrial
View source version on businesswire.com: http://www.businesswire.com/news/home/20160711005655/en/
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