Industrial Radiography Equipment Market: Increasing Demand from Oil and Gas Sector to Boost Growth


Published Date : Aug 08, 2016

ALBANY, NY, Aug 08, 2016 - MarketResearchReports.biz has added a new report, titled ‘Global Industrial Radiography Equipment Market 2016-2020,’ to its offering. This research report on the industrial radiography equipment market presents a detailed reports on all the key parameters of the market. The key technological developments taking place in the market and their impact on the growth of this market have also been highlighted under this study.

The report also provides the segmentation and highlights the leading segments of the market in the forecast horizon. For calculating the size of this market, the study takes into account the revenue generated from the sales of various types of industrial radiography equipment. According to the study, the global industrial radiography equipment market is predicted to rise at an 8.71% CAGR from 2016 to 2020.

The first section of the report presents an overview of the market for industrial radiography equipment. This section encapsulates the definition of non-destructive testing (NDT) techniques and industrial radiography equipment. As per the report, NDT techniques are utilized in order to look for discontinuities in test materials. In addition, NDT equipment is employed for analyzing and evaluating the properties of a material, system, or object without causing any damage to it. The key NDT methods are TOFD testing, phased array, and radiography testing. These methods are employed owing to their high material characterization, reliability, and accuracy.

In the following section of the report, the market segmentation has been presented. On the basis of technology, the report segments the global industrial radiography equipment market into film-based radiography and digital radiography. Geographically, the report categorizes the market into Europe, the Middle East, and Africa (EMEA), Asia Pacific (APAC), and the Americas.

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Moving further, the key dynamics impacting the development of the market have been presented. These include the prime drivers, opportunities, trends, and challenges. The increasing demand for industrial radiography equipment from the oil and gas and power generation sectors will stimulate the growth of the overall market. In addition, the growing requirement to lower radiation exposure globally will also positively impact the development of this market. Furthermore, the penetration of portable radiography equipment and the demand for equipment miniaturization are the prime trends seen in the global industrial radiography equipment market.

In addition, the increasing manufacture of customized industrial radiography equipment is also a key trend poised to further provide impetus to the growth of this market. On the other hand, the absence of skilled technicians and the skyrocketing costs of installation of radiography equipment may negatively impact the development of the market.

In the last section of the report, the vendor landscape of the market has been presented. This section highlights the top vendors dominant in the market for industrial radiography equipment and their key contributions in the market. 3DX-RAY, Anritsu, Bosello High Technology, COMET (YXLON), GE Measurement & Control, Mettler-Toledo International, Nikon, North Star Imaging, and VJ, among others, are the key vendors in the market.

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