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2022
Eddy-current Testing Market

Eddy-current Testing Market

by Technique (Conventional Eddy Current Testing, Remote Field Testing, Alternating Current Field Measurement, Eddy Current Array, Others), by Service (Inspection Services, Equipment Rental Services, Caliberation Services, Training Services), by Industry Verticals (Manufacturing, Oil and Gas, Automotive, Power Generation, Government Infrastructure and Public Safety, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
Update Available On-Demand

SE : Electronic Systems and Devices
Report Code: A12139
Apr 2022 | Pages: 330
Tables: 149
Charts: 62

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Eddy-current Testing Market Research, 2030

The global eddy-current testing market size was valued at $964.45 million in 2020 and is projected to reach $2.3 billion by 2030, growing at a CAGR of 9.5% from 2022 to 2030.

Eddy current testing is an enhanced non-destructive testing inspection method that is used to discover flaws, measure material &coating thickness, identify materials, and determine the heat treatment state of specific materials. Eddy current testing is a specifically built coil powered by an alternating current, which is positioned near the test surface, creating a changing magnetic field that interacts with the test part and generates eddy current measurement in the region.

The eddy currents testing market is significantly affected by the emergence of COVID-19, owing to the shutdown of manufacturing units globally. However, the market is expected to register significant growth in the coming years due to a surge in adoption of industrialization across the globe"

In addition, eddy current inspection uses a receiver-coil to monitor the alternate current flowing in the primary excitation coil. Moreover, the rise in penetration of automation solutions in industrial sectors is anticipated to offer significant growth opportunities for the eddy-current testing market forecast.

Eddy-current Testing Market, Eddy-current Testing Industry, Eddy-current Testing Market Size, Eddy-current Testing Market Share, Eddy-current Testing Market Growth, Eddy-current Testing Market Trends, Eddy-current Testing Market Analysis, Eddy-current Testing Market Forecast, Eddy-current Testing Market Outlook, Eddy-current Testing Market opportunity

The eddy-current testing market share is expected to witness notable growth during the forecast period, owing to a rise in safety regulations by governments. Furthermore, advancement in the new ECT technology is expected to drive the growth of the eddy-current testing Industry. Moreover, the surge in outsourcing of services is projected to propel the eddy current testing market growth during the forecast period.

However, the lack of a skilled and qualified workforce is one of the prime factors that restrain the eddy current testing market outlook. On the contrary, increased infrastructural developments in emerging economies and manufacturing opportunities in BRICS are expected to provide lucrative opportunities for the growth of the eddy-current testing market outlook during the forecast period.

The outbreak of COVID-19 has significantly impacted the growth of the eddy current testing in 2020; however, the rise in safety and security regulation in oil & gas and manufacturing sectors is expected to drive the market by the end of 2022. Nevertheless, the market was principally hit by several obstacles created amid the COVID-19 pandemic such as lack of skilled workforce availability and delay or cancelation of projects owing to partial or complete lockdown globally. In contrast, the rise in technological advancement in emerging economies significantly boosts the need for advanced testing and security solution, which is expected to drive the growth of the eddy-current testing market opportunity during the forecast period.

The eddy-current testing market is segmented into Technique, Service and Industry Verticals.

By technique, the market is segmented into conventional eddy current testing, remote field testing, alternating current field measurement, eddy current array, and others. The remote field-testing segment dominated the market, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period.

Eddy-current Testing Market

By service, the market is split into inspection services, equipment rental services, calibration services, and training services. The inspection services segment dominated the eddy-current testing industry in 2020 and is anticipated to drive the market in the coming years.

Eddy-current Testing Market
By Service

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Inspection Services segment hold domination position in 2020.

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Based on industry vertical, it is classified into manufacturing, oil & gas, automotive, power generation, government infrastructure & public safety, and others. The oil & gas segment acquired the largest share in 2020, and the BFSI segment is expected to grow at a high CAGR from 2022 to 2030.

Eddy-current Testing Market

By region, the eddy current testing market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America, specifically U.S., remains a significant participant in the global eddy-current testing market growth. Major organizations and government institutions in the country are intensely putting resources into the technology.

Eddy-current Testing Market

COMPETITION ANALYSIS

Competitive analysis and profiles of the major eddy current testing market players, such as General Electric Company, Ether NDE Limited, Olympus Corporation, Eddyfi NDT Inc, Mistras Group Inc., Ashtead Technology Ltd., TUV Rheinland AG, Ibg NDT System Corporation, Fidgeon Limited, and Magnetic Analysis Corporation Inc. are provided in this report

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the eddy-current testing market analysis from 2020 to 2030 to identify the prevailing eddy-current testing market opportunities.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • An in-depth analysis of the eddy-current testing market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global eddy-current testing market trends, key players, market segments, application areas, and market growth strategies.

 Eddy-current Testing Market Report Highlights

Aspects Details
By Technique
  • Alternating Current Field Measurement
  • Eddy Current Array
  • Others
  • Conventional Eddy Current Testing
  • Remote Field Testing
By Service
  • Inspection Services
  • Equipment Rental Services
  • Caliberation Services
  • Training Services
By Industry Verticals
  • Manufacturing
  • Oil and Gas
  • Automotive
  • Power Generation
  • Government Infrastructure and Public Safety
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (U.K., Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Magnetic Analysis Corporation, General Electric Company, Fidgeon Limited, TUV Rheinland AG, Ether NDE Limited, Mistras Group Inc, Ibg NDT System Corporation, Olympus Corporation, Eddyfi NDT Inc, Ashtead Technology Ltd
 

  • CHAPTER 1:INTRODUCTION

    • 1.1.Report description

    • 1.2.Key market segments

    • 1.3.Key benefits to the stakeholders

    • 1.4.Research Methodology

      • 1.4.1.Secondary research

      • 1.4.2.Primary research

      • 1.4.3.Analyst tools and models

  • CHAPTER 2:EXECUTIVE SUMMARY

    • 2.1.Key findings of the study

    • 2.2.CXO Perspective

  • CHAPTER 3:MARKET OVERVIEW

    • 3.1.Market definition and scope

    • 3.2.Key findings

      • 3.2.1.Top investment pockets

    • 3.3.Porter’s five forces analysis

    • 3.4.Top player positioning

    • 3.5.Market dynamics

      • 3.5.1.Drivers

      • 3.5.2.Restraints

      • 3.5.3.Opportunities

    • 3.6.COVID-19 Impact Analysis on the market

  • CHAPTER 4: EDDY-CURRENT TESTING MARKET, BY TECHNIQUE

    • 4.1 Overview

      • 4.1.1 Market size and forecast

    • 4.2 Conventional Eddy Current Testing

      • 4.2.1 Key market trends, growth factors and opportunities

      • 4.2.2 Market size and forecast, by region

      • 4.2.3 Market analysis by country

    • 4.3 Remote Field Testing

      • 4.3.1 Key market trends, growth factors and opportunities

      • 4.3.2 Market size and forecast, by region

      • 4.3.3 Market analysis by country

    • 4.4 Alternating Current Field Measurement

      • 4.4.1 Key market trends, growth factors and opportunities

      • 4.4.2 Market size and forecast, by region

      • 4.4.3 Market analysis by country

    • 4.5 Eddy Current Array

      • 4.5.1 Key market trends, growth factors and opportunities

      • 4.5.2 Market size and forecast, by region

      • 4.5.3 Market analysis by country

    • 4.6 Others

      • 4.6.1 Key market trends, growth factors and opportunities

      • 4.6.2 Market size and forecast, by region

      • 4.6.3 Market analysis by country

  • CHAPTER 5: EDDY-CURRENT TESTING MARKET, BY SERVICE

    • 5.1 Overview

      • 5.1.1 Market size and forecast

    • 5.2 Inspection Services

      • 5.2.1 Key market trends, growth factors and opportunities

      • 5.2.2 Market size and forecast, by region

      • 5.2.3 Market analysis by country

    • 5.3 Equipment Rental Services

      • 5.3.1 Key market trends, growth factors and opportunities

      • 5.3.2 Market size and forecast, by region

      • 5.3.3 Market analysis by country

    • 5.4 Caliberation Services

      • 5.4.1 Key market trends, growth factors and opportunities

      • 5.4.2 Market size and forecast, by region

      • 5.4.3 Market analysis by country

    • 5.5 Training Services

      • 5.5.1 Key market trends, growth factors and opportunities

      • 5.5.2 Market size and forecast, by region

      • 5.5.3 Market analysis by country

  • CHAPTER 6: EDDY-CURRENT TESTING MARKET, BY INDUSTRY VERTICALS

    • 6.1 Overview

      • 6.1.1 Market size and forecast

    • 6.2 Manufacturing

      • 6.2.1 Key market trends, growth factors and opportunities

      • 6.2.2 Market size and forecast, by region

      • 6.2.3 Market analysis by country

    • 6.3 Oil and Gas

      • 6.3.1 Key market trends, growth factors and opportunities

      • 6.3.2 Market size and forecast, by region

      • 6.3.3 Market analysis by country

    • 6.4 Automotive

      • 6.4.1 Key market trends, growth factors and opportunities

      • 6.4.2 Market size and forecast, by region

      • 6.4.3 Market analysis by country

    • 6.5 Power Generation

      • 6.5.1 Key market trends, growth factors and opportunities

      • 6.5.2 Market size and forecast, by region

      • 6.5.3 Market analysis by country

    • 6.6 Government Infrastructure and Public Safety

      • 6.6.1 Key market trends, growth factors and opportunities

      • 6.6.2 Market size and forecast, by region

      • 6.6.3 Market analysis by country

    • 6.7 Others

      • 6.7.1 Key market trends, growth factors and opportunities

      • 6.7.2 Market size and forecast, by region

      • 6.7.3 Market analysis by country

  • CHAPTER 7: EDDY-CURRENT TESTING MARKET, BY REGION

    • 7.1 Overview

      • 7.1.1 Market size and forecast

    • 7.2 North America

      • 7.2.1 Key trends and opportunities

      • 7.2.2 North America Market size and forecast, by Technique

      • 7.2.3 North America Market size and forecast, by Service

      • 7.2.4 North America Market size and forecast, by Industry Verticals

      • 7.2.5 North America Market size and forecast, by country

        • 7.2.5.1 U.S.
          • 7.2.5.1.1 Market size and forecast, by Technique
          • 7.2.5.1.2 Market size and forecast, by Service
          • 7.2.5.1.3 Market size and forecast, by Industry Verticals
        • 7.2.5.2 Canada
          • 7.2.5.2.1 Market size and forecast, by Technique
          • 7.2.5.2.2 Market size and forecast, by Service
          • 7.2.5.2.3 Market size and forecast, by Industry Verticals
        • 7.2.5.3 Mexico
          • 7.2.5.3.1 Market size and forecast, by Technique
          • 7.2.5.3.2 Market size and forecast, by Service
          • 7.2.5.3.3 Market size and forecast, by Industry Verticals

    • 7.3 Europe

      • 7.3.1 Key trends and opportunities

      • 7.3.2 Europe Market size and forecast, by Technique

      • 7.3.3 Europe Market size and forecast, by Service

      • 7.3.4 Europe Market size and forecast, by Industry Verticals

      • 7.3.5 Europe Market size and forecast, by country

        • 7.3.5.1 U.K.
          • 7.3.5.1.1 Market size and forecast, by Technique
          • 7.3.5.1.2 Market size and forecast, by Service
          • 7.3.5.1.3 Market size and forecast, by Industry Verticals
        • 7.3.5.2 Germany
          • 7.3.5.2.1 Market size and forecast, by Technique
          • 7.3.5.2.2 Market size and forecast, by Service
          • 7.3.5.2.3 Market size and forecast, by Industry Verticals
        • 7.3.5.3 France
          • 7.3.5.3.1 Market size and forecast, by Technique
          • 7.3.5.3.2 Market size and forecast, by Service
          • 7.3.5.3.3 Market size and forecast, by Industry Verticals
        • 7.3.5.4 Italy
          • 7.3.5.4.1 Market size and forecast, by Technique
          • 7.3.5.4.2 Market size and forecast, by Service
          • 7.3.5.4.3 Market size and forecast, by Industry Verticals
        • 7.3.5.5 Rest of Europe
          • 7.3.5.5.1 Market size and forecast, by Technique
          • 7.3.5.5.2 Market size and forecast, by Service
          • 7.3.5.5.3 Market size and forecast, by Industry Verticals

    • 7.4 Asia-Pacific

      • 7.4.1 Key trends and opportunities

      • 7.4.2 Asia-Pacific Market size and forecast, by Technique

      • 7.4.3 Asia-Pacific Market size and forecast, by Service

      • 7.4.4 Asia-Pacific Market size and forecast, by Industry Verticals

      • 7.4.5 Asia-Pacific Market size and forecast, by country

        • 7.4.5.1 China
          • 7.4.5.1.1 Market size and forecast, by Technique
          • 7.4.5.1.2 Market size and forecast, by Service
          • 7.4.5.1.3 Market size and forecast, by Industry Verticals
        • 7.4.5.2 Japan
          • 7.4.5.2.1 Market size and forecast, by Technique
          • 7.4.5.2.2 Market size and forecast, by Service
          • 7.4.5.2.3 Market size and forecast, by Industry Verticals
        • 7.4.5.3 India
          • 7.4.5.3.1 Market size and forecast, by Technique
          • 7.4.5.3.2 Market size and forecast, by Service
          • 7.4.5.3.3 Market size and forecast, by Industry Verticals
        • 7.4.5.4 South Korea
          • 7.4.5.4.1 Market size and forecast, by Technique
          • 7.4.5.4.2 Market size and forecast, by Service
          • 7.4.5.4.3 Market size and forecast, by Industry Verticals
        • 7.4.5.5 Rest of Asia-Pacific
          • 7.4.5.5.1 Market size and forecast, by Technique
          • 7.4.5.5.2 Market size and forecast, by Service
          • 7.4.5.5.3 Market size and forecast, by Industry Verticals

    • 7.5 LAMEA

      • 7.5.1 Key trends and opportunities

      • 7.5.2 LAMEA Market size and forecast, by Technique

      • 7.5.3 LAMEA Market size and forecast, by Service

      • 7.5.4 LAMEA Market size and forecast, by Industry Verticals

      • 7.5.5 LAMEA Market size and forecast, by country

        • 7.5.5.1 Latin America
          • 7.5.5.1.1 Market size and forecast, by Technique
          • 7.5.5.1.2 Market size and forecast, by Service
          • 7.5.5.1.3 Market size and forecast, by Industry Verticals
        • 7.5.5.2 Middle East
          • 7.5.5.2.1 Market size and forecast, by Technique
          • 7.5.5.2.2 Market size and forecast, by Service
          • 7.5.5.2.3 Market size and forecast, by Industry Verticals
        • 7.5.5.3 Africa
          • 7.5.5.3.1 Market size and forecast, by Technique
          • 7.5.5.3.2 Market size and forecast, by Service
          • 7.5.5.3.3 Market size and forecast, by Industry Verticals

  • CHAPTER 8: COMPANY LANDSCAPE

    • 8.1. Introduction

    • 8.2. Top winning strategies

    • 8.3. Product Mapping of Top 10 Player

    • 8.4. Competitive Dashboard

    • 8.5. Competitive Heatmap

    • 8.6. Key developments

  • CHAPTER 9: COMPANY PROFILES

    • 9.1 Ashtead Technology Ltd

      • 9.1.1 Company overview

      • 9.1.2 Company snapshot

      • 9.1.3 Operating business segments

      • 9.1.4 Product portfolio

      • 9.1.5 Business performance

      • 9.1.6 Key strategic moves and developments

    • 9.2 Eddyfi NDT Inc

      • 9.2.1 Company overview

      • 9.2.2 Company snapshot

      • 9.2.3 Operating business segments

      • 9.2.4 Product portfolio

      • 9.2.5 Business performance

      • 9.2.6 Key strategic moves and developments

    • 9.3 Ether NDE Limited

      • 9.3.1 Company overview

      • 9.3.2 Company snapshot

      • 9.3.3 Operating business segments

      • 9.3.4 Product portfolio

      • 9.3.5 Business performance

      • 9.3.6 Key strategic moves and developments

    • 9.4 Fidgeon Limited

      • 9.4.1 Company overview

      • 9.4.2 Company snapshot

      • 9.4.3 Operating business segments

      • 9.4.4 Product portfolio

      • 9.4.5 Business performance

      • 9.4.6 Key strategic moves and developments

    • 9.5 General Electric Company

      • 9.5.1 Company overview

      • 9.5.2 Company snapshot

      • 9.5.3 Operating business segments

      • 9.5.4 Product portfolio

      • 9.5.5 Business performance

      • 9.5.6 Key strategic moves and developments

    • 9.6 Ibg NDT System Corporation

      • 9.6.1 Company overview

      • 9.6.2 Company snapshot

      • 9.6.3 Operating business segments

      • 9.6.4 Product portfolio

      • 9.6.5 Business performance

      • 9.6.6 Key strategic moves and developments

    • 9.7 Magnetic Analysis Corporation

      • 9.7.1 Company overview

      • 9.7.2 Company snapshot

      • 9.7.3 Operating business segments

      • 9.7.4 Product portfolio

      • 9.7.5 Business performance

      • 9.7.6 Key strategic moves and developments

    • 9.8 Mistras Group Inc

      • 9.8.1 Company overview

      • 9.8.2 Company snapshot

      • 9.8.3 Operating business segments

      • 9.8.4 Product portfolio

      • 9.8.5 Business performance

      • 9.8.6 Key strategic moves and developments

    • 9.9 Olympus Corporation

      • 9.9.1 Company overview

      • 9.9.2 Company snapshot

      • 9.9.3 Operating business segments

      • 9.9.4 Product portfolio

      • 9.9.5 Business performance

      • 9.9.6 Key strategic moves and developments

    • 9.10 TUV Rheinland AG

      • 9.10.1 Company overview

      • 9.10.2 Company snapshot

      • 9.10.3 Operating business segments

      • 9.10.4 Product portfolio

      • 9.10.5 Business performance

      • 9.10.6 Key strategic moves and developments

  • LIST OF TABLES

  • TABLE 1. GLOBAL EDDY-CURRENT TESTING MARKET, BY TECHNIQUE, 2020-2030,($MILLION)
    TABLE 2. EDDY-CURRENT TESTING MARKET REVENUE, FOR CONVENTIONAL EDDY CURRENT TESTING, BY REGION , 2020-2030,($MILLION)
    TABLE 3. EDDY-CURRENT TESTING MARKET CONVENTIONAL EDDY CURRENT TESTING BY COUNTRY, 2020-2030,($MILLION)
    TABLE 4. EDDY-CURRENT TESTING MARKET REVENUE, FOR REMOTE FIELD TESTING, BY REGION , 2020-2030,($MILLION)
    TABLE 5. EDDY-CURRENT TESTING MARKET REMOTE FIELD TESTING BY COUNTRY, 2020-2030,($MILLION)
    TABLE 6. EDDY-CURRENT TESTING MARKET REVENUE, FOR ALTERNATING CURRENT FIELD MEASUREMENT, BY REGION , 2020-2030,($MILLION)
    TABLE 7. EDDY-CURRENT TESTING MARKET ALTERNATING CURRENT FIELD MEASUREMENT BY COUNTRY, 2020-2030,($MILLION)
    TABLE 8. EDDY-CURRENT TESTING MARKET REVENUE, FOR EDDY CURRENT ARRAY, BY REGION , 2020-2030,($MILLION)
    TABLE 9. EDDY-CURRENT TESTING MARKET EDDY CURRENT ARRAY BY COUNTRY, 2020-2030,($MILLION)
    TABLE 10. EDDY-CURRENT TESTING MARKET REVENUE, FOR OTHERS, BY REGION , 2020-2030,($MILLION)
    TABLE 11. EDDY-CURRENT TESTING MARKET OTHERS BY COUNTRY, 2020-2030,($MILLION)
    TABLE 12. GLOBAL EDDY-CURRENT TESTING MARKET, BY SERVICE, 2020-2030,($MILLION)
    TABLE 13. EDDY-CURRENT TESTING MARKET REVENUE, FOR INSPECTION SERVICES, BY REGION , 2020-2030,($MILLION)
    TABLE 14. EDDY-CURRENT TESTING MARKET INSPECTION SERVICES BY COUNTRY, 2020-2030,($MILLION)
    TABLE 15. EDDY-CURRENT TESTING MARKET REVENUE, FOR EQUIPMENT RENTAL SERVICES, BY REGION , 2020-2030,($MILLION)
    TABLE 16. EDDY-CURRENT TESTING MARKET EQUIPMENT RENTAL SERVICES BY COUNTRY, 2020-2030,($MILLION)
    TABLE 17. EDDY-CURRENT TESTING MARKET REVENUE, FOR CALIBERATION SERVICES, BY REGION , 2020-2030,($MILLION)
    TABLE 18. EDDY-CURRENT TESTING MARKET CALIBERATION SERVICES BY COUNTRY, 2020-2030,($MILLION)
    TABLE 19. EDDY-CURRENT TESTING MARKET REVENUE, FOR TRAINING SERVICES, BY REGION , 2020-2030,($MILLION)
    TABLE 20. EDDY-CURRENT TESTING MARKET TRAINING SERVICES BY COUNTRY, 2020-2030,($MILLION)
    TABLE 21. GLOBAL EDDY-CURRENT TESTING MARKET, BY INDUSTRY VERTICALS, 2020-2030,($MILLION)
    TABLE 22. EDDY-CURRENT TESTING MARKET REVENUE, FOR MANUFACTURING, BY REGION , 2020-2030,($MILLION)
    TABLE 23. EDDY-CURRENT TESTING MARKET MANUFACTURING BY COUNTRY, 2020-2030,($MILLION)
    TABLE 24. EDDY-CURRENT TESTING MARKET REVENUE, FOR OIL AND GAS, BY REGION , 2020-2030,($MILLION)
    TABLE 25. EDDY-CURRENT TESTING MARKET OIL AND GAS BY COUNTRY, 2020-2030,($MILLION)
    TABLE 26. EDDY-CURRENT TESTING MARKET REVENUE, FOR AUTOMOTIVE, BY REGION , 2020-2030,($MILLION)
    TABLE 27. EDDY-CURRENT TESTING MARKET AUTOMOTIVE BY COUNTRY, 2020-2030,($MILLION)
    TABLE 28. EDDY-CURRENT TESTING MARKET REVENUE, FOR POWER GENERATION, BY REGION , 2020-2030,($MILLION)
    TABLE 29. EDDY-CURRENT TESTING MARKET POWER GENERATION BY COUNTRY, 2020-2030,($MILLION)
    TABLE 30. EDDY-CURRENT TESTING MARKET REVENUE, FOR GOVERNMENT INFRASTRUCTURE AND PUBLIC SAFETY, BY REGION , 2020-2030,($MILLION)
    TABLE 31. EDDY-CURRENT TESTING MARKET GOVERNMENT INFRASTRUCTURE AND PUBLIC SAFETY BY COUNTRY, 2020-2030,($MILLION)
    TABLE 32. EDDY-CURRENT TESTING MARKET REVENUE, FOR OTHERS, BY REGION , 2020-2030,($MILLION)
    TABLE 33. EDDY-CURRENT TESTING MARKET OTHERS BY COUNTRY, 2020-2030,($MILLION)
    TABLE 34. EDDY-CURRENT TESTING MARKET, BY REGION, 2020-2030,($MILLION)
    TABLE 35. NORTH AMERICA EDDY-CURRENT TESTING MARKET, BY TECHNIQUE, 2020-2030,($MILLION)
    TABLE 36. NORTH AMERICA EDDY-CURRENT TESTING MARKET, BY SERVICE, 2020-2030,($MILLION)
    TABLE 37. NORTH AMERICA EDDY-CURRENT TESTING MARKET, BY INDUSTRY VERTICALS, 2020-2030,($MILLION)
    TABLE 38. NORTH AMERICA EDDY-CURRENT TESTING MARKET, BY COUNTRY, 2020-2030,($MILLION)
    TABLE 39. U.S. EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 40. U.S. EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 41. U.S. EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 42. CANADA EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 43. CANADA EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 44. CANADA EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 45. MEXICO EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 46. MEXICO EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 47. MEXICO EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 48. EUROPE EDDY-CURRENT TESTING MARKET, BY TECHNIQUE, 2020-2030,($MILLION)
    TABLE 49. EUROPE EDDY-CURRENT TESTING MARKET, BY SERVICE, 2020-2030,($MILLION)
    TABLE 50. EUROPE EDDY-CURRENT TESTING MARKET, BY INDUSTRY VERTICALS, 2020-2030,($MILLION)
    TABLE 51. EUROPE EDDY-CURRENT TESTING MARKET, BY COUNTRY, 2020-2030,($MILLION)
    TABLE 52. U.K. EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 53. U.K. EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 54. U.K. EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 55. GERMANY EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 56. GERMANY EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 57. GERMANY EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 58. FRANCE EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 59. FRANCE EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 60. FRANCE EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 61. ITALY EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 62. ITALY EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 63. ITALY EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 64. REST OF EUROPE EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 65. REST OF EUROPE EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 66. REST OF EUROPE EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 67. ASIA-PACIFIC EDDY-CURRENT TESTING MARKET, BY TECHNIQUE, 2020-2030,($MILLION)
    TABLE 68. ASIA-PACIFIC EDDY-CURRENT TESTING MARKET, BY SERVICE, 2020-2030,($MILLION)
    TABLE 69. ASIA-PACIFIC EDDY-CURRENT TESTING MARKET, BY INDUSTRY VERTICALS, 2020-2030,($MILLION)
    TABLE 70. ASIA-PACIFIC EDDY-CURRENT TESTING MARKET, BY COUNTRY, 2020-2030,($MILLION)
    TABLE 71. CHINA EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 72. CHINA EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 73. CHINA EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 74. JAPAN EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 75. JAPAN EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 76. JAPAN EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 77. INDIA EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 78. INDIA EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 79. INDIA EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 80. SOUTH KOREA EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 81. SOUTH KOREA EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 82. SOUTH KOREA EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 83. REST OF ASIA-PACIFIC EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 84. REST OF ASIA-PACIFIC EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 85. REST OF ASIA-PACIFIC EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 86. LAMEA EDDY-CURRENT TESTING MARKET, BY TECHNIQUE, 2020-2030,($MILLION)
    TABLE 87. LAMEA EDDY-CURRENT TESTING MARKET, BY SERVICE, 2020-2030,($MILLION)
    TABLE 88. LAMEA EDDY-CURRENT TESTING MARKET, BY INDUSTRY VERTICALS, 2020-2030,($MILLION)
    TABLE 89. LAMEA EDDY-CURRENT TESTING MARKET, BY COUNTRY, 2020-2030,($MILLION)
    TABLE 90. LATIN AMERICA EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 91. LATIN AMERICA EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 92. LATIN AMERICA EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 93. MIDDLE EAST EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 94. MIDDLE EAST EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 95. MIDDLE EAST EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 96. AFRICA EDDY-CURRENT TESTING MARKET BY TECHNIQUE 2020-2030,($MILLION)
    TABLE 97. AFRICA EDDY-CURRENT TESTING MARKET BY SERVICE 2020-2030,($MILLION)
    TABLE 98. AFRICA EDDY-CURRENT TESTING MARKET BY INDUSTRY VERTICALS 2020-2030,($MILLION)
    TABLE 99.ASHTEAD TECHNOLOGY LTD: COMPANY SNAPSHOT
    TABLE 100.ASHTEAD TECHNOLOGY LTD: OPERATING SEGMENTS
    TABLE 101.ASHTEAD TECHNOLOGY LTD: PRODUCT PORTFOLIO
    TABLE 102.ASHTEAD TECHNOLOGY LTD: NET SALES,
    TABLE 103.ASHTEAD TECHNOLOGY LTD: KEY STRATERGIES
    TABLE 104.EDDYFI NDT INC: COMPANY SNAPSHOT
    TABLE 105.EDDYFI NDT INC: OPERATING SEGMENTS
    TABLE 106.EDDYFI NDT INC: PRODUCT PORTFOLIO
    TABLE 107.EDDYFI NDT INC: NET SALES,
    TABLE 108.EDDYFI NDT INC: KEY STRATERGIES
    TABLE 109.ETHER NDE LIMITED: COMPANY SNAPSHOT
    TABLE 110.ETHER NDE LIMITED: OPERATING SEGMENTS
    TABLE 111.ETHER NDE LIMITED: PRODUCT PORTFOLIO
    TABLE 112.ETHER NDE LIMITED: NET SALES,
    TABLE 113.ETHER NDE LIMITED: KEY STRATERGIES
    TABLE 114.FIDGEON LIMITED: COMPANY SNAPSHOT
    TABLE 115.FIDGEON LIMITED: OPERATING SEGMENTS
    TABLE 116.FIDGEON LIMITED: PRODUCT PORTFOLIO
    TABLE 117.FIDGEON LIMITED: NET SALES,
    TABLE 118.FIDGEON LIMITED: KEY STRATERGIES
    TABLE 119.GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
    TABLE 120.GENERAL ELECTRIC COMPANY: OPERATING SEGMENTS
    TABLE 121.GENERAL ELECTRIC COMPANY: PRODUCT PORTFOLIO
    TABLE 122.GENERAL ELECTRIC COMPANY: NET SALES,
    TABLE 123.GENERAL ELECTRIC COMPANY: KEY STRATERGIES
    TABLE 124.IBG NDT SYSTEM CORPORATION: COMPANY SNAPSHOT
    TABLE 125.IBG NDT SYSTEM CORPORATION: OPERATING SEGMENTS
    TABLE 126.IBG NDT SYSTEM CORPORATION: PRODUCT PORTFOLIO
    TABLE 127.IBG NDT SYSTEM CORPORATION: NET SALES,
    TABLE 128.IBG NDT SYSTEM CORPORATION: KEY STRATERGIES
    TABLE 129.MAGNETIC ANALYSIS CORPORATION: COMPANY SNAPSHOT
    TABLE 130.MAGNETIC ANALYSIS CORPORATION: OPERATING SEGMENTS
    TABLE 131.MAGNETIC ANALYSIS CORPORATION: PRODUCT PORTFOLIO
    TABLE 132.MAGNETIC ANALYSIS CORPORATION: NET SALES,
    TABLE 133.MAGNETIC ANALYSIS CORPORATION: KEY STRATERGIES
    TABLE 134.MISTRAS GROUP INC: COMPANY SNAPSHOT
    TABLE 135.MISTRAS GROUP INC: OPERATING SEGMENTS
    TABLE 136.MISTRAS GROUP INC: PRODUCT PORTFOLIO
    TABLE 137.MISTRAS GROUP INC: NET SALES,
    TABLE 138.MISTRAS GROUP INC: KEY STRATERGIES
    TABLE 139.OLYMPUS CORPORATION: COMPANY SNAPSHOT
    TABLE 140.OLYMPUS CORPORATION: OPERATING SEGMENTS
    TABLE 141.OLYMPUS CORPORATION: PRODUCT PORTFOLIO
    TABLE 142.OLYMPUS CORPORATION: NET SALES,
    TABLE 143.OLYMPUS CORPORATION: KEY STRATERGIES
    TABLE 144.TUV RHEINLAND AG: COMPANY SNAPSHOT
    TABLE 145.TUV RHEINLAND AG: OPERATING SEGMENTS
    TABLE 146.TUV RHEINLAND AG: PRODUCT PORTFOLIO
    TABLE 147.TUV RHEINLAND AG: NET SALES,
    TABLE 148.TUV RHEINLAND AG: KEY STRATERGIES

  • LIST OF FIGURES

  • FIGURE 1.EDDY-CURRENT TESTING MARKET SEGMENTATION
    FIGURE 2.EDDY-CURRENT TESTING MARKET,2020-2030
    FIGURE 3.EDDY-CURRENT TESTING MARKET,2020-2030
    FIGURE 4. TOP INVESTMENT POCKETS, BY REGION
    FIGURE 5.PORTER FIVE-1
    FIGURE 6.PORTER FIVE-2
    FIGURE 7.PORTER FIVE-3
    FIGURE 8.PORTER FIVE-4
    FIGURE 9.PORTER FIVE-5
    FIGURE 10.TOP PLAYER POSITIONING
    FIGURE 11.EDDY-CURRENT TESTING MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
    FIGURE 12.EDDY-CURRENT TESTING MARKET,BY TECHNIQUE,2020(%)
    FIGURE 13.COMPARATIVE SHARE ANALYSIS OF CONVENTIONAL EDDY CURRENT TESTING EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 14.COMPARATIVE SHARE ANALYSIS OF REMOTE FIELD TESTING EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 15.COMPARATIVE SHARE ANALYSIS OF ALTERNATING CURRENT FIELD MEASUREMENT EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 16.COMPARATIVE SHARE ANALYSIS OF EDDY CURRENT ARRAY EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 17.COMPARATIVE SHARE ANALYSIS OF OTHERS EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 18.EDDY-CURRENT TESTING MARKET,BY SERVICE,2020(%)
    FIGURE 19.COMPARATIVE SHARE ANALYSIS OF INSPECTION SERVICES EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 20.COMPARATIVE SHARE ANALYSIS OF EQUIPMENT RENTAL SERVICES EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 21.COMPARATIVE SHARE ANALYSIS OF CALIBERATION SERVICES EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 22.COMPARATIVE SHARE ANALYSIS OF TRAINING SERVICES EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 23.EDDY-CURRENT TESTING MARKET,BY INDUSTRY VERTICALS,2020(%)
    FIGURE 24.COMPARATIVE SHARE ANALYSIS OF MANUFACTURING EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 25.COMPARATIVE SHARE ANALYSIS OF OIL AND GAS EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 26.COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 27.COMPARATIVE SHARE ANALYSIS OF POWER GENERATION EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 28.COMPARATIVE SHARE ANALYSIS OF GOVERNMENT INFRASTRUCTURE AND PUBLIC SAFETY EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 29.COMPARATIVE SHARE ANALYSIS OF OTHERS EDDY-CURRENT TESTING MARKET,2020-2030(%)
    FIGURE 30.EDDY-CURRENT TESTING MARKET BY REGION,2020
    FIGURE 31.U.S. EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 32.CANADA EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 33.MEXICO EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 34.U.K. EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 35.GERMANY EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 36.FRANCE EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 37.ITALY EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 38.REST OF EUROPE EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 39.CHINA EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 40.JAPAN EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 41.INDIA EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 42.SOUTH KOREA EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 43.REST OF ASIA-PACIFIC EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 44.LATIN AMERICA EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 45.MIDDLE EAST EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 46.AFRICA EDDY-CURRENT TESTING MARKET,2020-2030($MILLION)
    FIGURE 47. TOP WINNING STRATEGIES, BY YEAR
    FIGURE 48. TOP WINNING STRATEGIES, BY DEVELOPMENT
    FIGURE 49. TOP WINNING STRATEGIES, BY COMPANY
    FIGURE 50.PRODUCT MAPPING OF TOP 10 PLAYERS
    FIGURE 51.COMPETITIVE DASHBOARD
    FIGURE 52.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
    FIGURE 53.ASHTEAD TECHNOLOGY LTD.: NET SALES ,($MILLION)
    FIGURE 54.EDDYFI NDT INC.: NET SALES ,($MILLION)
    FIGURE 55.ETHER NDE LIMITED.: NET SALES ,($MILLION)
    FIGURE 56.FIDGEON LIMITED.: NET SALES ,($MILLION)
    FIGURE 57.GENERAL ELECTRIC COMPANY.: NET SALES ,($MILLION)
    FIGURE 58.IBG NDT SYSTEM CORPORATION.: NET SALES ,($MILLION)
    FIGURE 59.MAGNETIC ANALYSIS CORPORATION.: NET SALES ,($MILLION)
    FIGURE 60.MISTRAS GROUP INC.: NET SALES ,($MILLION)
    FIGURE 61.OLYMPUS CORPORATION.: NET SALES ,($MILLION)
    FIGURE 62.TUV RHEINLAND AG.: NET SALES ,($MILLION)

 
 

The eddy current testing industry has enormous development potential globally. The market, which is still in its early stages, has begun to contribute considerably to the broader testing industry. Furthermore, the contribution to the worldwide market is predicted to grow considerably in the coming years. In addition, the rise in demand for smart infrastructure and artificial intelligence solutions across the industrial, commercial, and manufacturing sectors is projected to drive the growth of the eddy current testing market in the coming years.

The global eddy current testing market is highly competitive, owing to the strong presence of existing vendors. Eddy's current testing vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors.

The surge in demand for safety and security solutions across manufacturing, aerospace, and oil & gas sectors globally drives the need to enhance eddy current testing systems. Moreover, prime economies, such as the U.S., China, the UK, and Japan, plan to develop and deploy next-generation eddy current testing solutions across various sectors. For instance, in July 2020, Xiamen COBE NDT Technology Co. Ltd introduced the Eddy Current Flaw Detector, a new generation of eddy current nondestructive testing device that uses the most advanced digital electronic technology, photovoltaic technology, and microprocessor technology, which is anticipated to provide lucrative opportunities for the market growth.

Among the analyzed regions, North America exhibits the highest adoption rate of eddy current testing and has experienced a massive expansion of the market. On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth due to emerging countries, such as China, Japan, and India, investing in these technologies. Regions, such as the Middle East and Latin America, are also expected to offer new opportunities in the eddy current testing market in the future.

The key players profiled in the report include eddy's current testing markets players, such as General Electric Company, Ether NDE Limited, Olympus Corporation, Eddyfi NDT Inc, Mistras Group Inc., Ashtead Technology Ltd., TUV Rheinland AG, Ibg NDT System Corporation, Fidgeon Limited, and Magnetic Analysis Corporation Inc.

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FREQUENTLY ASKED QUESTIONS?

A. The rise in safety regulations by governments is anticipated to drive the growth of eddy current testing and the rise in safety regulations by governments are some of the upcoming trends of the Eddy-current Testing Market in the world

A. The manufacturing sector is the leading application of the Eddy-current Testing Market.

A. North America is the leading player in the eddy-current testing market.

A. The eddy current testing market was valued at $ 964.4 million in 2020.

A. General Electric Company, Olympus Corporation, ibg NDYT System Corporation, TUV Rheinland AG, and Magnetic Analysis Corporation are the top companies to hold the market share in Eddy-current Testing.

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