Electromagnetic NDT Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The global Electromagnetic NDT Equipment market is valued at US$ 171.2 million in 2020 is expected to reach US$ 279.3 million by the end of 2027, growing at a CAGR of 7% during 2021-2027.

Non-Destructive Techniques (NDT) are used in the metallurgical industry and scientific fields to evaluate a variety of materials without damage. The most commonly used techniques are electromagnetic, ultrasonic, and penetration testing. The electromagnetic method is also used in eddy current non-destructive testing to inspect conductive materials such as copper, aluminum or steel.

Market Segmentation

By Type

• Eddy Current Testing
• Alternating Current Field Measurement (ACFM)
• Remote Field Testing
• Others

By Application

• Oil & Gas
• Power Generation
• Aerospace
• Process Industry
• Automotive
• Foundry

Key Market Players:

Key players in the industry include General Electric, Olympus Corporation, NDT Technologies, Institut Dr. Foerster GmbH & Co. KG, Zetec Inc., Magnetic Analysis Corporation and Eddyfi.

Scope of the Report

The research study analyzes the global Electromagnetic NDT industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Electromagnetic NDT Market Report

1. What was the Electromagnetic NDT Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of Electromagnetic NDT Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Electromagnetic NDT Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.