Global Eddy Current Testing Market to Reach $2.5 Billion by 2030
The global market for Eddy Current Testing estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$2.5 Billion by 2030, growing at a CAGR of 8.4% over the analysis period 2022-2030. Conventional Eddy Current Testing, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$653 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Eddy Current Array segment is readjusted to a revised 9.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $348.3 Million, While China is Forecast to Grow at 12.3% CAGR
The Eddy Current Testing market in the U.S. is estimated at US$348.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$622 Million by the year 2030 trailing a CAGR of 12.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.Select Competitors (Total 51 Featured) -
- Ashtead Technology Ltd.
- Eddyfi NDT Inc.
- Ether NDE Ltd
- Fidgeon Ltd
- General Electric Company
- ibg NDT Systems Corporation
- Magnetic Analysis Corporation Inc.
- Mistras Group, Inc.
- Olympus Corporation
- TUV Rheinland AG
- Zetec Inc.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ashtead Technology Ltd.
- Eddyfi NDT Inc.
- Ether NDE Ltd
- Fidgeon Ltd
- General Electric Company
- ibg NDT Systems Corporation
- Magnetic Analysis Corporation Inc.
- Mistras Group, Inc.
- Olympus Corporation
- TUV Rheinland AG
- Zetec Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 228 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.3 Billion |
Forecasted Market Value ( USD | $ 2.5 Billion |
Compound Annual Growth Rate | 8.5% |
Regions Covered | Global |