Global NDT Equipment Market Poised to Grow by $6.14B from 2021 - 2025

Research and Markets, January 20, 2021

According to a report, "Global Nondestructive Testing (NDT) Equipment Market 2021-2025" recently released by Research and Markets, the global nondestructive testing (NDT) equipment market is poised to grow by $6.14 billion during 2021-2025, progressing at a CAGR of 10% during the forecast period.  

Two of the major drivers identified for this market growth are an increase in the number of oil and gas and power generation projects, and growing demand for remote visual inspection (RVI) in the aerospace industry.  The study also identifies growing regulatory compliance requirements for preventing accidents as one of the prime reasons driving the nondestructive testing equipment market growth during the next few years.

The report also provides a detailed analysis of several leading nondestructive testing equipment market vendors, as well as information on upcoming trends and challenges that will influence market growth. 

Click here to read the full article from Research and Markets.

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