Published on : Jun 10, 2019
The ultrasonic testing equipment market will remain buoyed by a plethora of factors such as increase in demand for use of weld technology in oil & gas pipelines for safe transportation. Globally, oil & gases are primarily transported through four mediums, trucks, rail, pipelines, and boats. Out of these, hundred percent natural gas is transported through pipelines, owing to difficulty in & cost of converting natural gas into liquid state. Hence, the demand for safe transportation of these explosive gases results in increased demand for ultrasonic testing on weld technology for pipelines.
Aforementioned facts have been gathered from the report titled “Ultrasonic Testing Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2017” that has been included recently in extensive database of Market Research Hub (MRH).
Ultrasonic testing equipment’s demand is further underpinned by its application in different industry sectors such as automotive, medical, aerospace & defense, and construction, so as to identify faults in the manufacture of components. This testing ensures structural integrity & quality of products thereby making the system or product efficient in terms of reliability & performance, which in turn, will augment the demand for ultrasonic testing equipment across the world in the near future.
Ultrasonic Testing Equipment Market: Scope of the Report
The market research report offers a complete study of the ultrasonic testing equipment market for the period between 2019 and 2027, with 2019 regarded as base year for prediction. All significant technologies & trends that remarkably affect ultrasonic testing equipment market’s growth have been examined in the research report. A segmental analysis on the ultrasonic testing equipment market has been provided to give readers an overall view of the past as well as future growth opportunities of the ultrasonic testing equipment market.
A detailed perspective on growth of the ultrasonic testing equipment market, related to revenue & volume has been provided across various regions that includes Middle East & Africa, Asia-Pacific, North America, Europe, and South America. Major factors impacting the market at the regional as well as global level have also been provided in the ultrasonic testing equipment market report. A country-level predictions have also been provided for all the regions studied in this research report.
This study also examines competitive landscape of the ultrasonic testing equipment market, wherein major players supporting growth of the market have been recognized and profiled. Profiling on the market players includes a SWOT analysis, along with examination of their key financials, company portfolio and recent developments.
Ultrasonic Testing Equipment Market: Research Methodology
This report is compiled by following a comprehensive and robust research process that which includes detailed primary and secondary researches. Primary research includes detailed communications via email, telephonic & face-to-face interviews with prominent industry players, & opinion leaders.
Secondary research sources comprises of external & internal regulatory databases, proprietary databases, national government documents, investor presentations, and financial reports. Furthermore, data & facts collected via these researches are verified by in-house expert panel, to offer readers with legitimate information on ultrasonic testing equipment market.
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