Latin America Non-Destructive Testing Equipment Market (2019-2025) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Share

Latin America Non-Destructive Testing Equipment Market

Latin America Non-Destructive Testing Equipment Market is witnessing development as New NDT equipment is being developed to automate operations and computerize results in order to limit the operator's involvement as much as feasible. New and improved NDT procedures are being developed as a result of ongoing technological advancements. These could make NDT less expensive and more effective.

Mergers And Acquisition:

• On 02 March 2021, Baker Hughes and Akastor planned to merge their offshore oil drilling equipment units to combine their complementary technologies.
• Baker Hughes spent much of 2019 trying to break free from GE, which had been its parent company since a 2017 merger with GE's oil and gas sector.

Latin America Non-Destructive Testing Equipment Market Synopsis

Latin America Non-Destructive Testing Equipment market is expected to grow due to the booming manufacturing, construction, and power generation sector, coupled with rising awareness among manufacturers regarding the benefits of NDT techniques. The usage of NDT techniques in industries for the safety and reliability of the product during operations is the key driver for the growth of the NDT market in the Latin America region. Improving economic conditions along with rising purchasing power is likely to thrive the demand for NDT in the Latin America market.

According to 6Wresearch, Latin America Non-Destructive Testing Equipment Market size is projected to grow during 2019-25. Brazil is accounted for the maximum oil reserves in the Latin America region and thereby has the highest market share in the NDT equipment market, followed by Mexico. The aerospace and defence industry is the leading end user of NDT equipment in the Mexico market.

By technology, ultrasonic testing is profoundly used to identify flaws, defects, and imperfections in metal components. Ultrasonic testing helps to identify the corrosion in pipelines and other closed structures through sound waves generated by the tubes in the closed material. By end user, the oil and gas industry and the manufacturing industry are the two leading end users generating maximum demand.

The Latin America non-destructive testing equipment market report thoroughly covers the market by technology, end users and countries including Brazil, Mexico, Argentina and the rest of Latin America. The Latin America non-destructive testing equipment market outlook report provides an unbiased and detailed analysis of the ongoing Latin America non-destructive testing equipment market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Latin America Non-Destructive Testing Equipment Market Overview
• Latin America Non-Destructive Testing Equipment Market Outlook
• Latin America Non-Destructive Testing Equipment Market Forecast
• Historical Data of Latin America Non-Destructive Testing Equipment Market Revenues & Volume for the Period 2015-2018
• Latin America Non-Destructive Testing Equipment Market Size and Latin America Non-Destructive Testing Equipment Market Forecast of Revenues & Volume, Until 2025
• Historical Data of Latin America Non-Destructive Testing Equipment Market Revenues and Volume, By Technology, for the Period 2015-2018
• Market Size & Forecast of Latin America Non-Destructive Testing Equipment Market Revenues and Volume, By Technology, Until 2025
• Historical Data of Latin America Non-Destructive Testing Equipment Market Revenues and Volume, By End Users, for the Period 2015-2018
• Market Size & Forecast of Latin America Non-Destructive Testing Equipment Market Revenues and Volume, By End Users, Until 2025
• Historical Data of Mexico Non-Destructive Testing Equipment Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Mexico Non-Destructive Testing Equipment Market Revenues and Volume, Until 2025
• Historical Data of Brazil Non-Destructive Testing Equipment Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Brazil Non-Destructive Testing Equipment Market Revenues and Volume, Until 2025
• Historical Data of Argentina Non-Destructive Testing Equipment Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Argentina Non-Destructive Testing Equipment Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• Latin America Non-Destructive Testing Equipment Market Price Trends
• Latin America Non-Destructive Testing Equipment Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Latin America Non-Destructive Testing Equipment Market Share, By Countries
• Latin America Non-Destructive Testing Equipment Market Share, By Players
• Latin America Non-Destructive Testing Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Latin America Non-Destructive Testing Equipment Market report provides a detailed analysis of the following market segments:

By Technology:

• Ultrasonic Testing (UT)
• Radiography Testing (RT)
• Electromagnetic Testing (ET)
• Visual Inspection Testing (VT)
• Liquid Penetrant Test
• Other

By End Uses:

• Power Generation
• Oil and Gas
• Aerospace and Defense
• Automotive
• Railways
• Construction
• Manufacturing
• Others

By Countries:

• Brazil
• Mexico
• Argentina
• Rest of Latin America

Latin America Non-Destructive Testing Equipment Market: FAQs