Global Eddy Current Testing Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2023 to 2030

List of Tables

The global demand for Eddy Current Testing Market is presumed to reach the market size of nearly USD 6.27 BN by 2030 from USD 2.9 BN in 2022 with a CAGR of 10.11% under the study period 2023 - 2030.

Eddy Current Testing (ECT) is a non-destructive testing technique that is used to detect and measure flaws, discontinuities, and other defects in conductive materials. It works by inducing a magnetic field into the material being tested, which creates eddy currents that flow through the material. These currents generate a secondary magnetic field that interacts with the primary magnetic field, and this interaction is used to detect any flaws or defects in the material

Market Dynamics:

As industries continue to prioritize safety, efficiency, and reliability, there is growing demand for NDT techniques like ECT. ECT is a fast, reliable, and non-invasive way to inspect materials, making it a popular choice for a wide range of applications. Technological advancements in ECT equipment and software have made the technique more accurate, efficient, and user-friendly. For example, modern ECT equipment may include advanced sensors, automated data analysis software, and cloud-based reporting systems. The ECT market is closely tied to industries like aerospace, automotive, power generation, and manufacturing. As these industries continue to grow and innovate, the demand for NDT techniques like ECT is likely to increase as well. Governments are implementing regulations that require industries to ensure the safety and reliability of their equipment and processes. ECT is often a preferred method of inspection for meeting these regulations. Predictive maintenance, which involves using data analysis and monitoring to identify potential equipment failures before they occur, is becoming more popular in many industries. ECT can be used as part of a predictive maintenance strategy to detect and monitor the development of defects in equipment.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of eddy current testing. The growth and trends of eddy current testing industry provide a holistic approach to this study.

Market Segmentation:

This section of the eddy current testing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Technique

Conventional Eddy Current Testing
Remote Field Testing
Alternating Current Field Measurement
Eddy Current Array
Pulsed Eddy Current Testing
Near-Field Testing
Near-Field Array
Partial Saturation Eddy Current

By Service

Inspection Services
Equipment Rental Services
Calibration Services
Training Services

By Vertical

Manufacturing
Oil & Gas
Aerospace
Government Infrastructure & Public Safety
Automotive
Power Generation
Others

Regional Analysis:

This section covers the regional outlook, which accentuates current and future demand for the Eddy Current Testing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the eddy current testing market include General Electric Company (U.S.), Ether NDE Limited (U.K.), Olympus Corporation (Japan), and Eddyfi NDT Inc. (Canada) among others are the ones who design and manufacture ECT equipment. The companies offering inspection services include Ashtead Technology Ltd. (U.K.), TUV Rheinland AG (Germany), and Mistras Group Inc. (U.S.). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR112110946

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . EDDY CURRENT TESTING - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Technique
- 3.7.2 Market Attractiveness Analysis By Service
- 3.7.3 Market Attractiveness Analysis By Vertical
- 3.7.4 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL EDDY CURRENT TESTING MARKET ANALYSIS BY TECHNIQUE

5.1 Overview by Technique
5.2 Historical and Forecast Data
5.3 Analysis by Technique
5.4 Conventional Eddy Current Testing Historic and Forecast Sales by Regions
5.5 Remote Field Testing Historic and Forecast Sales by Regions
5.6 Alternating Current Field Measurement Historic and Forecast Sales by Regions
5.7 Eddy Current Array Historic and Forecast Sales by Regions
5.8 Pulsed Eddy Current Testing Historic and Forecast Sales by Regions
5.9 Near-Field Testing Historic and Forecast Sales by Regions
5.10. Near-Field Array Historic and Forecast Sales by Regions
5.11 Partial Saturation Eddy Current Historic and Forecast Sales by Regions

6 . GLOBAL EDDY CURRENT TESTING MARKET ANALYSIS BY SERVICE

6.1 Overview by Service
6.2 Historical and Forecast Data
6.3 Analysis by Service
6.4 Inspection Services Historic and Forecast Sales by Regions
6.5 Equipment Rental Services Historic and Forecast Sales by Regions
6.6 Calibration Services Historic and Forecast Sales by Regions
6.7 Training Services Historic and Forecast Sales by Regions

7 . GLOBAL EDDY CURRENT TESTING MARKET ANALYSIS BY VERTICAL

7.1 Overview by Vertical
7.2 Historical and Forecast Data
7.3 Analysis by Vertical
7.4 Manufacturing Historic and Forecast Sales by Regions
7.5 Oil & Gas Historic and Forecast Sales by Regions
7.6 Aerospace Historic and Forecast Sales by Regions
7.7 Government Infrastructure & Public Safety Historic and Forecast Sales by Regions
7.8 Automotive Historic and Forecast Sales by Regions
7.9 Power Generation Historic and Forecast Sales by Regions
7.10. Others Historic and Forecast Sales by Regions

8 . GLOBAL EDDY CURRENT TESTING MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1. Overview, Historic and Forecast Data Sales Analysis
- 8.3.2. North America By Segment Sales Analysis
- 8.3.3. North America By Country Sales Analysis
- 8.3.4. United State Sales Analysis
- 8.3.5. Canada Sales Analysis
- 8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1. Overview, Historic and Forecast Data Sales Analysis
- 8.4.2. Europe by Segment Sales Analysis
- 8.4.3. Europe by Country Sales Analysis
- 8.4.4. United Kingdom Sales Analysis
- 8.4.5. France Sales Analysis
- 8.4.6. Germany Sales Analysis
- 8.4.7. Italy Sales Analysis
- 8.4.8. Russia Sales Analysis
- 8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1. Overview, Historic and Forecast Data Sales Analysis
- 8.5.2. Asia Pacific by Segment Sales Analysis
- 8.5.3. Asia Pacific by Country Sales Analysis
- 8.5.4. China Sales Analysis
- 8.5.5. India Sales Analysis
- 8.5.6. Japan Sales Analysis
- 8.5.7. South Korea Sales Analysis
- 8.5.8. Australia Sales Analysis
- 8.5.9. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1. Overview, Historic and Forecast Data Sales Analysis
- 8.6.2. Latin America by Segment Sales Analysis
- 8.6.3. Latin America by Country Sales Analysis
- 8.6.4. Brazil Sales Analysis
- 8.6.5. Argentina Sales Analysis
- 8.6.6. Peru Sales Analysis
- 8.6.7. Chile Sales Analysis
- 8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1. Overview, Historic and Forecast Data Sales Analysis
- 8.7.2. Middle East & Africa by Segment Sales Analysis
- 8.7.3. Middle East & Africa by Country Sales Analysis
- 8.7.4. Saudi Arabia Sales Analysis
- 8.7.5. UAE Sales Analysis
- 8.7.6. Israel Sales Analysis
- 8.7.7. South Africa Sales Analysis
- 8.7.8. Rest Of Middle East And Africa Sales Analysis

9 . COMPETITIVE LANDSCAPE OF THE EDDY CURRENT TESTING COMPANIES

9.1. Eddy Current Testing Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10 . COMPANY PROFILES OF EDDY CURRENT TESTING INDUSTRY

10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. General Electric Company (U.S.)
- 10.3.1. Company Overview
- 10.3.2. Company Revenue
- 10.3.3. Products
- 10.3.4. Recent Developments
10.4. Ether NDE Limited (U.K.)
- 10.4.1. Company Overview
- 10.4.2. Company Revenue
- 10.4.3. Products
- 10.4.4. Recent Developments
10.5. Olympus Corporation (Japan)
- 10.5.1. Company Overview
- 10.5.2. Company Revenue
- 10.5.3. Products
- 10.5.4. Recent Developments
10.6. Eddyfi NDT Inc. (Canada)
- 10.6.1. Company Overview
- 10.6.2. Company Revenue
- 10.6.3. Products
- 10.6.4. Recent Developments
10.7. Ashtead Technology Ltd. (U.K.)
- 10.7.1. Company Overview
- 10.7.2. Company Revenue
- 10.7.3. Products
- 10.7.4. Recent Developments
10.8. TUV Rheinland AG (Germany)
- 10.8.1. Company Overview
- 10.8.2. Company Revenue
- 10.8.3. Products
- 10.8.4. Recent Developments
10.9. Mistras Group Inc. (U.S.)
- 10.9.1. Company Overview
- 10.9.2. Company Revenue
- 10.9.3. Products
- 10.9.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies