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Eddy-current Testing Market By Technique, By Service, By Industry Verticals: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 330 Pages
  • April 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640531
Description Jump to:
Eddy current testing, also known as ECT, is one of the several nondestructive testing (NDT) procedures that use electromagnetic induction to discover the surface and sub-surface faults in conductive materials.

The growth of the global eddy current testing market is majorly driven by advancements in the new ECT technology paired with rising in safety regulations by governments. Moreover, a rise in safety regulations by governments is anticipated to drive the growth of eddy-current testing. However, the lack of skilled and qualified workforce acts as a prime restraint of the global eddy current testing market. On the contrary, increased infrastructural developments in emerging economies and manufacturing opportunities in BRICS are anticipated to provide lucrative opportunities for the eddy current testing industry during the forecast period.

The eddy current testing market is segmented based on technique, service, industry vertical, and region. By technique, the market is segmented into conventional eddy current testing, remote field testing, alternating current field measurement, eddy current array, and others. By service, the market is split into inspection services, equipment rental services, calibration services, and training services. By industry vertical, it is classified into manufacturing, oil & gas, automotive, power generation, government infrastructure & public safety, and others. Region-wise, the eddy current testing market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key players operating in the market include eddy's current testing market players, such as General Electric Company, Ether NDE Limited, Olympus Corporation, Eddyfi NDT Inc, Mistras Group Inc., Ashtead Technology Ltd., TUV Rheinland AG, Ibg NDT System Corporation, Fidgeon Limited, and Magnetic Analysis Corporation Inc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the eddy-current testing market analysis from 2020 to 2030 to identify the prevailing eddy-current testing market opportunities.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • An in-depth analysis of the eddy-current testing market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global eddy-current testing market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Technique

  • Alternating Current Field Measurement
  • Eddy Current Array
  • Others
  • Conventional Eddy Current Testing
  • Remote Field Testing

By Service

  • Inspection Services
  • Equipment Rental Services
  • Caliberation Services
  • Training Services

By Industry Verticals

  • Manufacturing
  • Oil and Gas
  • Automotive
  • Power Generation
  • Government Infrastructure and Public Safety
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Ashtead Technology Ltd
  • Eddyfi NDT Inc
  • Ether NDE Limited
  • Fidgeon Limited
  • General Electric Company
  • Ibg NDT System Corporation
  • Magnetic Analysis Corporation
  • Mistras Group Inc
  • Olympus Corporation
  • TUV Rheinland AG

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: EDDY-CURRENT TESTING MARKET, BY TECHNIQUE
4.1 Overview
4.1.1 Market size and forecast
4.2 Conventional Eddy Current Testing
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Remote Field Testing
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Alternating Current Field Measurement
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Eddy Current Array
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: EDDY-CURRENT TESTING MARKET, BY SERVICE
5.1 Overview
5.1.1 Market size and forecast
5.2 Inspection Services
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Equipment Rental Services
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Caliberation Services
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Training Services
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: EDDY-CURRENT TESTING MARKET, BY INDUSTRY VERTICALS
6.1 Overview
6.1.1 Market size and forecast
6.2 Manufacturing
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Oil and Gas
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Automotive
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Power Generation
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Government Infrastructure and Public Safety
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
6.7 Others
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market analysis by country
CHAPTER 7: EDDY-CURRENT TESTING MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Technique
7.2.3 North America Market size and forecast, by Service
7.2.4 North America Market size and forecast, by Industry Verticals
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Technique
7.2.5.1.2 Market size and forecast, by Service
7.2.5.1.3 Market size and forecast, by Industry Verticals
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Technique
7.2.5.2.2 Market size and forecast, by Service
7.2.5.2.3 Market size and forecast, by Industry Verticals
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Technique
7.2.5.3.2 Market size and forecast, by Service
7.2.5.3.3 Market size and forecast, by Industry Verticals
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Technique
7.3.3 Europe Market size and forecast, by Service
7.3.4 Europe Market size and forecast, by Industry Verticals
7.3.5 Europe Market size and forecast, by country
7.3.5.1 U.K.
7.3.5.1.1 Market size and forecast, by Technique
7.3.5.1.2 Market size and forecast, by Service
7.3.5.1.3 Market size and forecast, by Industry Verticals
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Technique
7.3.5.2.2 Market size and forecast, by Service
7.3.5.2.3 Market size and forecast, by Industry Verticals
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Technique
7.3.5.3.2 Market size and forecast, by Service
7.3.5.3.3 Market size and forecast, by Industry Verticals
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Technique
7.3.5.4.2 Market size and forecast, by Service
7.3.5.4.3 Market size and forecast, by Industry Verticals
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Technique
7.3.5.5.2 Market size and forecast, by Service
7.3.5.5.3 Market size and forecast, by Industry Verticals
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Technique
7.4.3 Asia-Pacific Market size and forecast, by Service
7.4.4 Asia-Pacific Market size and forecast, by Industry Verticals
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Technique
7.4.5.1.2 Market size and forecast, by Service
7.4.5.1.3 Market size and forecast, by Industry Verticals
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Technique
7.4.5.2.2 Market size and forecast, by Service
7.4.5.2.3 Market size and forecast, by Industry Verticals
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Technique
7.4.5.3.2 Market size and forecast, by Service
7.4.5.3.3 Market size and forecast, by Industry Verticals
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Technique
7.4.5.4.2 Market size and forecast, by Service
7.4.5.4.3 Market size and forecast, by Industry Verticals
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Technique
7.4.5.5.2 Market size and forecast, by Service
7.4.5.5.3 Market size and forecast, by Industry Verticals
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Technique
7.5.3 LAMEA Market size and forecast, by Service
7.5.4 LAMEA Market size and forecast, by Industry Verticals
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Technique
7.5.5.1.2 Market size and forecast, by Service
7.5.5.1.3 Market size and forecast, by Industry Verticals
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Technique
7.5.5.2.2 Market size and forecast, by Service
7.5.5.2.3 Market size and forecast, by Industry Verticals
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Technique
7.5.5.3.2 Market size and forecast, by Service
7.5.5.3.3 Market size and forecast, by Industry Verticals
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Ashtead Technology Ltd
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Eddyfi NDT Inc
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Ether NDE Limited
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Fidgeon Limited
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 General Electric Company
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Ibg NDT System Corporation
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Magnetic Analysis Corporation
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Mistras Group Inc
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Olympus Corporation
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 TUV Rheinland AG
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Eddy-Current Testing Market, by Technique, 2020-2030, ($Million)
Table 2. Eddy-Current Testing Market Revenue, for Conventional Eddy Current Testing, by Region, 2020-2030, ($Million)
Table 3. Eddy-Current Testing Market Conventional Eddy Current Testing by Country, 2020-2030, ($Million)
Table 4. Eddy-Current Testing Market Revenue, for Remote Field Testing, by Region, 2020-2030, ($Million)
Table 5. Eddy-Current Testing Market Remote Field Testing by Country, 2020-2030, ($Million)
Table 6. Eddy-Current Testing Market Revenue, for Alternating Current Field Measurement, by Region, 2020-2030, ($Million)
Table 7. Eddy-Current Testing Market Alternating Current Field Measurement by Country, 2020-2030, ($Million)
Table 8. Eddy-Current Testing Market Revenue, for Eddy Current Array, by Region, 2020-2030, ($Million)
Table 9. Eddy-Current Testing Market Eddy Current Array by Country, 2020-2030, ($Million)
Table 10. Eddy-Current Testing Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 11. Eddy-Current Testing Market Others by Country, 2020-2030, ($Million)
Table 12. Global Eddy-Current Testing Market, by Service, 2020-2030, ($Million)
Table 13. Eddy-Current Testing Market Revenue, for Inspection Services, by Region, 2020-2030, ($Million)
Table 14. Eddy-Current Testing Market Inspection Services by Country, 2020-2030, ($Million)
Table 15. Eddy-Current Testing Market Revenue, for Equipment Rental Services, by Region, 2020-2030, ($Million)
Table 16. Eddy-Current Testing Market Equipment Rental Services by Country, 2020-2030, ($Million)
Table 17. Eddy-Current Testing Market Revenue, for Caliberation Services, by Region, 2020-2030, ($Million)
Table 18. Eddy-Current Testing Market Caliberation Services by Country, 2020-2030, ($Million)
Table 19. Eddy-Current Testing Market Revenue, for Training Services, by Region, 2020-2030, ($Million)
Table 20. Eddy-Current Testing Market Training Services by Country, 2020-2030, ($Million)
Table 21. Global Eddy-Current Testing Market, by Industry Verticals, 2020-2030, ($Million)
Table 22. Eddy-Current Testing Market Revenue, for Manufacturing, by Region, 2020-2030, ($Million)
Table 23. Eddy-Current Testing Market Manufacturing by Country, 2020-2030, ($Million)
Table 24. Eddy-Current Testing Market Revenue, for Oil and Gas, by Region, 2020-2030, ($Million)
Table 25. Eddy-Current Testing Market Oil and Gas by Country, 2020-2030, ($Million)
Table 26. Eddy-Current Testing Market Revenue, for Automotive, by Region, 2020-2030, ($Million)
Table 27. Eddy-Current Testing Market Automotive by Country, 2020-2030, ($Million)
Table 28. Eddy-Current Testing Market Revenue, for Power Generation, by Region, 2020-2030, ($Million)
Table 29. Eddy-Current Testing Market Power Generation by Country, 2020-2030, ($Million)
Table 30. Eddy-Current Testing Market Revenue, for Government Infrastructure and Public Safety, by Region, 2020-2030, ($Million)
Table 31. Eddy-Current Testing Market Government Infrastructure and Public Safety by Country, 2020-2030, ($Million)
Table 32. Eddy-Current Testing Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 33. Eddy-Current Testing Market Others by Country, 2020-2030, ($Million)
Table 34. Eddy-Current Testing Market, by Region, 2020-2030, ($Million)
Table 35. North America Eddy-Current Testing Market, by Technique, 2020-2030, ($Million)
Table 36. North America Eddy-Current Testing Market, by Service, 2020-2030, ($Million)
Table 37. North America Eddy-Current Testing Market, by Industry Verticals, 2020-2030, ($Million)
Table 38. North America Eddy-Current Testing Market, by Country, 2020-2030, ($Million)
Table 39. U.S. Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 40. U.S. Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 41. U.S. Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 42. Canada Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 43. Canada Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 44. Canada Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 45. Mexico Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 46. Mexico Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 47. Mexico Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 48. Europe Eddy-Current Testing Market, by Technique, 2020-2030, ($Million)
Table 49. Europe Eddy-Current Testing Market, by Service, 2020-2030, ($Million)
Table 50. Europe Eddy-Current Testing Market, by Industry Verticals, 2020-2030, ($Million)
Table 51. Europe Eddy-Current Testing Market, by Country, 2020-2030, ($Million)
Table 52. U.K. Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 53. U.K. Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 54. U.K. Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 55. Germany Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 56. Germany Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 57. Germany Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 58. France Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 59. France Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 60. France Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 61. Italy Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 62. Italy Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 63. Italy Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 64. Rest of Europe Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 65. Rest of Europe Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 66. Rest of Europe Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 67. Asia-Pacific Eddy-Current Testing Market, by Technique, 2020-2030, ($Million)
Table 68. Asia-Pacific Eddy-Current Testing Market, by Service, 2020-2030, ($Million)
Table 69. Asia-Pacific Eddy-Current Testing Market, by Industry Verticals, 2020-2030, ($Million)
Table 70. Asia-Pacific Eddy-Current Testing Market, by Country, 2020-2030, ($Million)
Table 71. China Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 72. China Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 73. China Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 74. Japan Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 75. Japan Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 76. Japan Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 77. India Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 78. India Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 79. India Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 80. South Korea Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 81. South Korea Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 82. South Korea Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 83. Rest of Asia-Pacific Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 84. Rest of Asia-Pacific Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 85. Rest of Asia-Pacific Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 86. LAMEA Eddy-Current Testing Market, by Technique, 2020-2030, ($Million)
Table 87. LAMEA Eddy-Current Testing Market, by Service, 2020-2030, ($Million)
Table 88. LAMEA Eddy-Current Testing Market, by Industry Verticals, 2020-2030, ($Million)
Table 89. LAMEA Eddy-Current Testing Market, by Country, 2020-2030, ($Million)
Table 90. Latin America Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 91. Latin America Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 92. Latin America Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 93. Middle East Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 94. Middle East Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 95. Middle East Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 96. Africa Eddy-Current Testing Market by Technique 2020-2030, ($Million)
Table 97. Africa Eddy-Current Testing Market by Service 2020-2030, ($Million)
Table 98. Africa Eddy-Current Testing Market by Industry Verticals 2020-2030, ($Million)
Table 99. Ashtead Technology Ltd: Company Snapshot
Table 100. Ashtead Technology Ltd: Operating Segments
Table 101. Ashtead Technology Ltd: Product Portfolio
Table 102. Ashtead Technology Ltd: Net Sales
Table 103. Ashtead Technology Ltd: Key Stratergies
Table 104. Eddyfi Ndt Inc: Company Snapshot
Table 105. Eddyfi Ndt Inc: Operating Segments
Table 106. Eddyfi Ndt Inc: Product Portfolio
Table 107. Eddyfi Ndt Inc: Net Sales
Table 108. Eddyfi Ndt Inc: Key Stratergies
Table 109. Ether Nde Limited: Company Snapshot
Table 110. Ether Nde Limited: Operating Segments
Table 111. Ether Nde Limited: Product Portfolio
Table 112. Ether Nde Limited: Net Sales
Table 113. Ether Nde Limited: Key Stratergies
Table 114. Fidgeon Limited: Company Snapshot
Table 115. Fidgeon Limited: Operating Segments
Table 116. Fidgeon Limited: Product Portfolio
Table 117. Fidgeon Limited: Net Sales
Table 118. Fidgeon Limited: Key Stratergies
Table 119. General Electric Company: Company Snapshot
Table 120. General Electric Company: Operating Segments
Table 121. General Electric Company: Product Portfolio
Table 122. General Electric Company: Net Sales
Table 123. General Electric Company: Key Stratergies
Table 124. Ibg Ndt System Corporation: Company Snapshot
Table 125. Ibg Ndt System Corporation: Operating Segments
Table 126. Ibg Ndt System Corporation: Product Portfolio
Table 127. Ibg Ndt System Corporation: Net Sales
Table 128. Ibg Ndt System Corporation: Key Stratergies
Table 129. Magnetic Analysis Corporation: Company Snapshot
Table 130. Magnetic Analysis Corporation: Operating Segments
Table 131. Magnetic Analysis Corporation: Product Portfolio
Table 132. Magnetic Analysis Corporation: Net Sales
Table 133. Magnetic Analysis Corporation: Key Stratergies
Table 134. Mistras Group Inc: Company Snapshot
Table 135. Mistras Group Inc: Operating Segments
Table 136. Mistras Group Inc: Product Portfolio
Table 137. Mistras Group Inc: Net Sales
Table 138. Mistras Group Inc: Key Stratergies
Table 139. Olympus Corporation: Company Snapshot
Table 140. Olympus Corporation: Operating Segments
Table 141. Olympus Corporation: Product Portfolio
Table 142. Olympus Corporation: Net Sales
Table 143. Olympus Corporation: Key Stratergies
Table 144. Tuv Rheinland Ag: Company Snapshot
Table 145. Tuv Rheinland Ag: Operating Segments
Table 146. Tuv Rheinland Ag: Product Portfolio
Table 147. Tuv Rheinland Ag: Net Sales
Table 148. Tuv Rheinland Ag: Key Stratergies
LIST OF FIGURES
Figure 1. Eddy-Current Testing Market Segmentation
Figure 2. Eddy-Current Testing Market, 2020-2030
Figure 3. Eddy-Current Testing Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Eddy-Current Testing Market:Drivers, Restraints and Opportunities
Figure 12. Eddy-Current Testing Market, by Technique, 2020 (%)
Figure 13. Comparative Share Analysis of Conventional Eddy Current Testing Eddy-Current Testing Market, 2020-2030 (%)
Figure 14. Comparative Share Analysis of Remote Field Testing Eddy-Current Testing Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Alternating Current Field Measurement Eddy-Current Testing Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Eddy Current Array Eddy-Current Testing Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Others Eddy-Current Testing Market, 2020-2030 (%)
Figure 18. Eddy-Current Testing Market, by Service, 2020 (%)
Figure 19. Comparative Share Analysis of Inspection Services Eddy-Current Testing Market, 2020-2030 (%)
Figure 20. Comparative Share Analysis of Equipment Rental Services Eddy-Current Testing Market, 2020-2030 (%)
Figure 21. Comparative Share Analysis of Caliberation Services Eddy-Current Testing Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Training Services Eddy-Current Testing Market, 2020-2030 (%)
Figure 23. Eddy-Current Testing Market, by Industry Verticals, 2020 (%)
Figure 24. Comparative Share Analysis of Manufacturing Eddy-Current Testing Market, 2020-2030 (%)
Figure 25. Comparative Share Analysis of Oil and Gas Eddy-Current Testing Market, 2020-2030 (%)
Figure 26. Comparative Share Analysis of Automotive Eddy-Current Testing Market, 2020-2030 (%)
Figure 27. Comparative Share Analysis of Power Generation Eddy-Current Testing Market, 2020-2030 (%)
Figure 28. Comparative Share Analysis of Government Infrastructure and Public Safety Eddy-Current Testing Market, 2020-2030 (%)
Figure 29. Comparative Share Analysis of Others Eddy-Current Testing Market, 2020-2030 (%)
Figure 30. Eddy-Current Testing Market by Region, 2020
Figure 31. U.S. Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 32. Canada Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 33. Mexico Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 34. U.K. Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 35. Germany Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 36. France Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 37. Italy Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 38. Rest of Europe Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 39. China Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 40. Japan Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 41. India Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 42. South Korea Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 43. Rest of Asia-Pacific Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 44. Latin America Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 45. Middle East Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 46. Africa Eddy-Current Testing Market, 2020-2030 ($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Ashtead Technology Ltd.: Net Sales, ($Million)
Figure 54. Eddyfi Ndt Inc.: Net Sales, ($Million)
Figure 55. Ether Nde Limited.: Net Sales, ($Million)
Figure 56. Fidgeon Limited.: Net Sales, ($Million)
Figure 57. General Electric Company.: Net Sales, ($Million)
Figure 58. Ibg Ndt System Corporation.: Net Sales, ($Million)
Figure 59. Magnetic Analysis Corporation.: Net Sales, ($Million)
Figure 60. Mistras Group Inc.: Net Sales, ($Million)
Figure 61. Olympus Corporation.: Net Sales, ($Million)
Figure 62. Tuv Rheinland AG.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Eddy-current Testing Market,' the eddy-current testing market was valued at $964.45 million in 2020 and is estimated to reach $2.3 billion by 2030, growing at a CAGR of 9.5% from 2022 to 2030.

Eddy current inspection is an enhanced testing solution intended to use electromagnetic induction to detect flaws in conductive materials. Eddy current measurementis one of numerous non-destructive testing (NDT) processes used to identify surface fractures and classify materials. Moreover, the rise in demand for safety solutions across oil & gas, manufacturing, utilities, and other sector has significantly boosted the demand for advanced testing solutions, which is anticipated to drive the growth of the eddy-current testing industry.

The expansion of the global eddy current testing market is majorly driven by advancements in the new ECT technology paired with rising safety regulations by governments. Moreover, a rise in safety regulations by governments is anticipated to drive the growth of eddy current testing market However, the lack of a skilled and qualified workforce is acting as a prime restraint of the global eddy current testing market. On the contrary, increased infrastructural developments in emerging economies and manufacturing opportunities in BRICS are anticipated to provide lucrative opportunities for the eddy current testing industry during the forecast period.

According to the eddy-current testing market analysis, the conventional eddy current testing segment was the highest contributor to the market in 2020. The manufacturing and oil & gas segments collectively accounted for around 49.2% market share in 2020. The surge in adoption of safety regulations across prime manufacturing and oil & gas sectors has led to the growth of the remote field-testing segment; thereby, enhancing the eddy-current testing market growth.

The outbreak of COVID-19 has significantly impacted the growth of remote field-testing solutions. The decline in growth in manufacturing solutions has significantly impacted the demand for eddy-current testing solutions during the pandemic. Furthermore, the lack of availability of a professional workforce due to partial and complete lockdown implemented by governments across the globe has restrained the growth of the eddy-current testing market during the pandemic. However, the rise in demand for safety regulations has led to the growth of eddy-current testing solutions and is expected to drive the growth of the eddy-current testing market trends post-pandemic.

According to Himanshu Jangra, Lead Analyst, Semiconductor and Electronics, 'The global eddy-current testing market share is expected to witness considerable growth, owing to surge in demand for digital entertainment solution paired with safety laws across emerging economies, especially in Asia-Pacific and LAMEA region, which is expected to drive the eddy-current testing market size.'

Region-wise, North America holds a significant share in the global eddy current testing market, owing to the presence of prime players in this region. Further, the U.S. holds a dominating position in the eddy current testing market, owing to a rise in investment by prime players and government agencies to develop next-generation eddy current testing solutions.

The eddy current testing market key players profiled in the report include General Electric Company, Ether NDE Limited, Olympus Corporation, Eddyfi NDT Inc, Mistras Group Inc., Ashtead Technology Ltd., TUV Rheinland AG, Ibg NDT System Corporation, Fidgeon Limited, and Magnetic Analysis Corporation Inc. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the eddy current testing market.

Companies Mentioned

  • Ashtead Technology Ltd
  • Eddyfi NDT Inc
  • Ether NDE Limited
  • Fidgeon Limited
  • General Electric Company
  • Ibg NDT System Corporation
  • Magnetic Analysis Corporation
  • Mistras Group Inc
  • Olympus Corporation
  • TUV Rheinland AG

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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