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Non-Destructive Testing Market Size Worth $24.3 Billion By 2027: Grand View Research, Inc.SAN FRANCISCO, Feb. 27, 2020 /PRNewswire/ -- The global non-destructive testing market size is expected to reach USD 24.3 billion by 2027, expanding at a CAGR of 6.5%, according to a new report by Grand View Research, Inc. The market is anticipated to witness significant growth over the forecast period. The growth is ascribed to the increasing manufacturing in the developing as well as developed nations. Key suggestions from the report:
Read 83 page research report with ToC on "Non-Destructive Testing Market Size, Share & Trends Analysis Report By Test Method (Visual, Magnetic Particle, Liquid Penetrant, Radiographic), By Offering, By Vertical (Manufacturing, Construction, Automotive), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/non-destructive-testing-equipment-services-market The use of non-destructive testing helps in detecting the faults precisely, reducing the product/component failure probability as well as costs incrred in the repairs of the components. Use of NDT also speeds up the process of manufacturing as the possible faults are eliminated beforehand. The key factor expected to drive the market is the technological advancements in the non-destructive testing methods. Improvements in the techniques has ensured deviation free fault detection and have reduced the complexity involved in the testing procedures considerably. The ultrasonic testing segment is expected to witness significant growth. This growth is ascribed to the ease of handling the equipment, availability of skilled technicians, and precise fault detection. The manufacturing segment is expected to deploy NDT techniques extensively over the forecast period owing to the increasing awareness regarding their use. Grand View Research has segmented the global non-destructive testing market on the basis of offerings, test method, vertical, and region:
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Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Logo : https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
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