Key Findings
The North America nondestructive testing equipment market is anticipated to grow from $XX million in 2018 to $XX million by 2027, with a CAGR of 6.39% between 2019 and 2027. The base year considered for the study is 2018 and the forecast period is 2019-2027. The key drivers for the growth in the North America region are aging assets and increased focus towards safety regulations and quality control and increased demand from North America.

Market Insights
The non-destructive equipment market is segmented by product on the basis of ultrasonic, radiography, visual and others. It is also segmented by end-user on the basis of oil &gas, power generation, aerospace and defense and automotive and transportation. Lack of skilled labor and high infrastructure cost are restricting the growth of the market. The increase in demand for advanced technology and rising infrastructure in emerging economies are the new trends that are opening up doors in the nondestructive testing equipment market. Lack of awareness among consumers and rise in competition from new market players are some of the challenges faced by the market.

Competitive Insights
The top players in the global nondestructive testing equipment market are Ashtead Technology, Inc., Karl Storz Gmbh & Co.KG, Baker Hughes, Aries Marine & Engineering Services, Magnaflux, Yxlon, Sonatest Ltd., T?v Rheinland AG, Olympus Scientific Solutions Americas Inc., Zetec Inc., Intertek Group PLC, Eddyfi, Nikon Metrology and Mistras.