May 19, 2022 07:18 ET | Source: Research and Markets Research and Markets

Dublin, May 19, 2022 (GLOBE NEWSWIRE) -- The "Global Ultrasonic Testing Equipment Market (2022-2027) by Type, Equipment, Service, Vertical, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering. The Global Ultrasonic Testing Equipment Market is estimated to be USD 1.27 Bn in 2022 and is projected to reach USD 1.81 Bn by 2027, growing at a CAGR of 7.34%. Market dynamics are forces that impact the prices and behaviors of the Global Ultrasonic Testing Equipment Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals. As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks. Market Segmentations

The Global Ultrasonic Testing Equipment Market is segmented based on Type, Equipment, Service, Vertical, and Geography.

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Acuren Inspection Inc, Amerapex Corp, Ametek Inc, Applied Technical Services Inc, Ashtead Technology, Baker Hughes Company, etc. Countries Studied

America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas) Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe) Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA) Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific) Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Ultrasonic Testing Equipment Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach. The analyst analyses the Global Ultrasonic Testing Equipment Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth. Why buy this report?

Key Topics Covered: 1 Report Description 2 Research Methodology 3 Executive Summary 4 Market Dynamics 4.1 Drivers 4.1.1 Development of Portable Phased Array Ultrasonic Testing Equipment 4.1.2 Need for Reliable Non-Destructive Testing Technique for Fiberglass and Carbon Fiber Composites in Manufacturing 4.1.3 Growth in Ultrasonic Testing Market Services 4.1.4 Government Mandates Regarding Employee Safety and Stringent Quality Control Requirements 4.2 Restraints 4.2.1 Limitations of Manual Ultrasonic Testing in Detecting Early Stages of Damage 4.2.2 High Cost of Automated Ultrasonic Testing Equipment 4.3 Opportunities 4.3.1 Growing Infrastructure Development in Emerging Economies 4.3.2 Opportunities in Power Generation Sector 4.4 Challenges 4.4.1 Decreasing Oil and Gas Prices 4.4.2 Lack of Skilled Technicians 5 Market Analysis 5.1 Regulatory Scenario 5.2 Porter's Five Forces Analysis 5.3 Impact of COVID-19 5.4 Ansoff Matrix Analysis 6 Global Ultrasonic Testing Equipment Market, By Type 6.1 Introduction 6.2 Phased Array 6.3 Time-Of-Flight Diffraction 6.4 Immersion Testing 6.5 Guided Wave Testing 6.6 Acoustography 6.7 Others 7 Global Ultrasonic Testing Equipment Market, By Equipment 7.1 Introduction 7.2 Flaw Detectors 7.3 Thickness Gauges 7.4 Transducers And Probes 7.5 Industrial Scanners 7.6 Tube Inspection Systems 7.7 Bond Testers 7.8 Imaging Systems 7.9 Others 8 Global Ultrasonic Testing Equipment Market, By Service 8.1 Introduction 8.2 Inspection Services 8.3 Equipment Rental Services 8.4 Calibration Services 8.5 Training Services 9 Global Ultrasonic Testing Equipment Market, By Vertical 9.1 Introduction 9.2 Manufacturing 9.3 Oil & Gas 9.4 Aerospace 9.5 Infrastructure 9.6 Automotive 9.7 Power Generation 9.8 Others 10 Americas' Global Ultrasonic Testing Equipment Market 10.1 Introduction 10.2 Argentina 10.3 Brazil 10.4 Canada 10.5 Chile 10.6 Colombia 10.7 Mexico 10.8 Peru 10.9 United States 10.10 Rest of Americas 11 Europe's Global Ultrasonic Testing Equipment Market 11.1 Introduction 11.2 Austria 11.3 Belgium 11.4 Denmark 11.5 Finland 11.6 France 11.7 Germany 11.8 Italy 11.9 Netherlands 11.10 Norway 11.11 Poland 11.12 Russia 11.13 Spain 11.14 Sweden 11.15 Switzerland 11.16 United Kingdom 11.17 Rest of Europe 12 Middle East and Africa's Global Ultrasonic Testing Equipment Market 12.1 Introduction 12.2 Egypt 12.3 Israel 12.4 Qatar 12.5 Saudi Arabia 12.6 South Africa 12.7 United Arab Emirates 12.8 Rest of MEA 13 APAC's Global Ultrasonic Testing Equipment Market 13.1 Introduction 13.2 Australia 13.3 Bangladesh 13.4 China 13.5 India 13.6 Indonesia 13.7 Japan 13.8 Malaysia 13.9 Philippines 13.10 Singapore 13.11 South Korea 13.12 Sri Lanka 13.13 Thailand 13.14 Taiwan 13.15 Rest of Asia-Pacific 14 Competitive Landscape 14.1 Competitive Quadrant 14.2 Market Share Analysis 14.3 Strategic Initiatives 14.3.1 M&A and Investments 14.3.2 Partnerships and Collaborations 14.3.3 Product Developments and Improvements 15 Company Profiles 15.1 Acuren Inspection Inc 15.2 Amerapex Corp 15.3 Ametek Inc 15.4 Applied Technical Services Inc 15.5 Ashtead Technology 15.6 Baker Hughes Company 15.7 Cygnus Instruments Ltd 15.8 DEKRA SE 15.9 Eddyfi Technologies 15.10 FPrimeC Solutions Inc 15.11 Intertek Group plc 15.12 Labquip NDT Ltd 15.13 Mistras Group Inc 15.14 NDT Global GmbH & Co. KG 15.15 NDT Systems Inc 15.16 Olympus Corp 15.17 PCE Instruments UK Ltd 15.18 Russell Fraser Sales Pty Ltd 15.19 Sonatest Ltd 15.20 SONOTEC GmbH 15.21 Sonotron NDT 15.22 T. D. Williamson Inc 15.23 TecScan Systems Inc 15.24 Zeal International 15.25 Zetec Inc 16 Appendix

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