The Latin America non-destructive testing equipment market was valued at $144.3 million in 2019, and is projected to reach $268.8 million by 2027, growing at a CAGR of 8.4% from 2020 to 2027. NDT refers to the method of examining materials/components to detect the defects/discontinuity in component or material to avoid equipment failure.
The report covers the analysis of the Latin America NDT equipment market. NDT acts as a preventive measure in industries where volatile or high-pressure equipment and machinery are manufactured or used. The main aim of NDT is to identify and resolve issues that otherwise would prove harmful. In addition, NDT equipment is reliable as it eliminates the risk of oversight or inaccuracy.
The scope of the report discusses the potential opportunities for the key players to enter the Latin America non-destructive testing equipment market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.
The Latin America NDT equipment market is segmented on the basis of testing method, technique, industry vertical, and country. Based on testing method, it is divided into ultrasonic testing, radiography testing, visual inspection testing, magnetic particle testing & electromagnetic testing, eddy-current testing, liquid penetrant testing, and others. Based on non-destructive examination (NDE) techniques, it is categorized into volumetric examination, surface examination, and others. It is classified on the basis of industry vertical into oil & gas, energy & power, aerospace & defense, automotive & transportation, infrastructure, and others. By country, the market is analyzed across Argentina, Brazil, Colombia, Mexico, Peru, Chile, and Trinidad & Tobago.
The key players profiled in this report include Olympus Corporation, Bosello High Technology, Mistras Group Inc., Baker Hughes Company, Fujifilm Corporation, FLIR System, A-Star Testing & Inspection, Ashtead Technology Inc., General Electric, Sonatest Ltd., (S) Pte Ltd., Tech-End Industrial Services, Compoende Aeronautica, and SGS SA. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
KEY BENEFITS FOR STAKEHOLDERS
Latin America Non-Destructive Testing Equipment Market Segments
By Testing Method
By Technique
By Industry Vertical
By Country
The scope of the report discusses the potential opportunities for the key players to enter the Latin America non-destructive testing equipment market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.
The Latin America NDT equipment market is segmented on the basis of testing method, technique, industry vertical, and country. Based on testing method, it is divided into ultrasonic testing, radiography testing, visual inspection testing, magnetic particle testing & electromagnetic testing, eddy-current testing, liquid penetrant testing, and others. Based on non-destructive examination (NDE) techniques, it is categorized into volumetric examination, surface examination, and others. It is classified on the basis of industry vertical into oil & gas, energy & power, aerospace & defense, automotive & transportation, infrastructure, and others. By country, the market is analyzed across Argentina, Brazil, Colombia, Mexico, Peru, Chile, and Trinidad & Tobago.
The key players profiled in this report include Olympus Corporation, Bosello High Technology, Mistras Group Inc., Baker Hughes Company, Fujifilm Corporation, FLIR System, A-Star Testing & Inspection, Ashtead Technology Inc., General Electric, Sonatest Ltd., (S) Pte Ltd., Tech-End Industrial Services, Compoende Aeronautica, and SGS SA. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
KEY BENEFITS FOR STAKEHOLDERS
- This study includes the analytical depiction of the Latin America non-destructive testing equipment market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities in the Latin America non-destructive testing equipment market.
- The Latin America non-destructive testing equipment market trends are quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Latin America Non-Destructive Testing Equipment Market Segments
By Testing Method
- Ultrasonic Testing
- Radiography Testing
- Visual Inspection Testing
- Magnetic Particle Testing and Electromagnetic Testing
- Eddy-Current Testing
- Liquid Penetrant Testing
- Others
By Technique
- Volumetric Examination
- Surface Examination
- Others
By Industry Vertical
- Oil and Gas
- Energy and power
- Aerospace and Defense
- Automotive and transportation
- Infrastructure
- Others
By Country
- Argentina
- Brazil
- Colombia
- Mexico
- Peru
- Chile
- Trinidad and Tobago
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Non-Destructive Testing Equipment Market, by Testing Method
Chapter 5: Non-Destructive Testing Equipment Market, by Technique
Chapter 6: Latin America Non-Destructive Testing Equipment Market, by Industry Vertical
Chapter 7: Latin America Non-Destructive Testing Equipment Market, by Country
Chapter 8: Company Profiles
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 211 |
| Published | November 2020 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 144.3 million |
| Forecasted Market Value ( USD | $ 268.8 million |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Latin America |
