Eddy Current Testing (ECT) Market Worth USD 1,682.9 Million by 2022 - Driven by Growth in Aerospace Industry - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Eddy Current Testing Market - Global Forecast to 2022" report to their offering.

One of the driving factors of this market is growth in the aerospace industry. ECT is largely carried out in the aerospace industry for inspection purpose. Increasing infrastructure opportunities in the emerging countries is another factor that would encourage the demand for ECT testing.

The manufacturing sector is expected to grow rapidly during the forecast period between 2016 and 2022. This sector is expected to be driven by government policies for non-destructive testing and increased safety awareness in industries. Manufacturing sector would have great opportunities in BRIC countries. The increasing demand from the power generation industry for the inspection of heat exchangers, tanks, and other equipment is also acting as a driving factor for the ECT market.

The market in APAC is expected to grow at a high CAGR 11.59% between 2016 and 2022. The growth is attributed to the large infrastructure projects and increasing manufacturing sector in this region. The market in India is expected to grow at the highest CAGR between 2016 and 2022. The construction of new power plants to meet the growing demands for energy is expected to be the key factor for the growth of the ECT market in APAC.

Companies Mentioned:

  • Ashtead Technology Inc.
  • Eddyfi NDT Inc.
  • Ether NDE Limited
  • Fidgeon Limited
  • General Electric Company
  • IBG NDT Systems Corporation
  • Magnetic Analysis Corporation Inc.
  • Mistras Group Inc.
  • Olympus Corporation
  • TUV Rheinland Ag
  • Zetec Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market, By Type

8 Market, By Service

9 Market, By Vertical

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/vlkgtw/eddy_current

Related Topics: Engineering

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716