Global NDT Equipment market to grow at a CAGR of 6.24 percent by 2019

Reportstack has announced a new market research report on  the Global Nondestructive Testing (NDT) Equipment Market 2015-2019, which is expected to grow at a CAGR of 6.24 percent from 2014-2019. 

According to the report, the need to improve the quality and lifespan of aging assets has become a crucial factor that is expected to propel market growth during the forecast period. System failures can be avoided by regularly examining assets, thus enabling early remedial measures. 

To access full report with TOC, please visit Global Non-destructive Testing (NDT) Equipment Market 2015-2019.

“A regular inspection and quality check of aging assets via nondestructive testing equipment helps in extending the life of an asset as well as improving overall profitability,”.

Furthermore, the report emphasizes the growing need to manufacture customized NDT equipment. Many production lines like tube manufacturing, bar manufacturing and rolling processes for plate manufacturing require NDT equipment like test machines with integrated solutions, which are customized according to specific client needs.  “The trend of customized test machines will act as a positive growth factor and enable vendors to efficiently meet customers' specific requirements,”.

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