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Electromagnetic NDT Equipment-Global Market Insights and Sales Trends 2025
Synopsis
Non-Destructive eddy current testing is widely accepted technologies by enterprises currently, creating a huge demand of the electromagnetic Nondestructive testing (NDT) equipment market.
The global Electromagnetic NDT Equipment market size is expected to reach US$ 279.3 million by 2029, growing at a CAGR of 7.2% from 2023 to 2029. The market is mainly driven by the significant applications of Electromagnetic NDT Equipment in various end use industries. The expanding demands from the Oil & Gas, Power Generation, Aerospace and Automotive, are propelling Electromagnetic NDT Equipment market. Eddy-Current NDT Equipment, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Remote Field Testing Equipment segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Electromagnetic NDT Equipment market, driven by demand from China, the second largest economy with some signs of stabilising, the Electromagnetic NDT Equipment market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electromagnetic NDT Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electromagnetic NDT Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electromagnetic NDT Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electromagnetic NDT Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electromagnetic NDT Equipment covered in this report include General Electric, Olympus, Zetec, Magnetic Analysis, Mistras Group, Russell NDE Systems, Ashtead Technology, OKOndt GROUP and CMS, etc.
The global Electromagnetic NDT Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
General Electric
Olympus
Zetec
Magnetic Analysis
Mistras Group
Russell NDE Systems
Ashtead Technology
OKOndt GROUP
CMS
Fidgeon
Global Electromagnetic NDT Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electromagnetic NDT Equipment market, Segment by Type:
Eddy-Current NDT Equipment
Remote Field Testing Equipment
Magnetic Flux Leakage Testing Equipment
Alternating Current Field Measurement Equipment
Global Electromagnetic NDT Equipment market, by Application
Oil & Gas
Power Generation
Aerospace
Automotive
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electromagnetic NDT Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electromagnetic NDT Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Non-Destructive eddy current testing is widely accepted technologies by enterprises currently, creating a huge demand of the electromagnetic Nondestructive testing (NDT) equipment market.
The global Electromagnetic NDT Equipment market size is expected to reach US$ 279.3 million by 2029, growing at a CAGR of 7.2% from 2023 to 2029. The market is mainly driven by the significant applications of Electromagnetic NDT Equipment in various end use industries. The expanding demands from the Oil & Gas, Power Generation, Aerospace and Automotive, are propelling Electromagnetic NDT Equipment market. Eddy-Current NDT Equipment, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Remote Field Testing Equipment segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Electromagnetic NDT Equipment market, driven by demand from China, the second largest economy with some signs of stabilising, the Electromagnetic NDT Equipment market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electromagnetic NDT Equipment, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electromagnetic NDT Equipment market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electromagnetic NDT Equipment market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electromagnetic NDT Equipment sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electromagnetic NDT Equipment covered in this report include General Electric, Olympus, Zetec, Magnetic Analysis, Mistras Group, Russell NDE Systems, Ashtead Technology, OKOndt GROUP and CMS, etc.
The global Electromagnetic NDT Equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
General Electric
Olympus
Zetec
Magnetic Analysis
Mistras Group
Russell NDE Systems
Ashtead Technology
OKOndt GROUP
CMS
Fidgeon
Global Electromagnetic NDT Equipment market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electromagnetic NDT Equipment market, Segment by Type:
Eddy-Current NDT Equipment
Remote Field Testing Equipment
Magnetic Flux Leakage Testing Equipment
Alternating Current Field Measurement Equipment
Global Electromagnetic NDT Equipment market, by Application
Oil & Gas
Power Generation
Aerospace
Automotive
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electromagnetic NDT Equipment manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electromagnetic NDT Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electromagnetic NDT Equipment Market Overview
1.1 Electromagnetic NDT Equipment Product Overview
1.2 Electromagnetic NDT Equipment Market Segment by Type
1.2.1 Eddy-Current NDT Equipment
1.2.2 Remote Field Testing Equipment
1.2.3 Magnetic Flux Leakage Testing Equipment
1.2.4 Alternating Current Field Measurement Equipment
1.3 Global Electromagnetic NDT Equipment Market Size by Type
1.3.1 Global Electromagnetic NDT Equipment Market Size Overview by Type (2018-2029)
1.3.2 Global Electromagnetic NDT Equipment Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electromagnetic NDT Equipment Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electromagnetic NDT Equipment Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electromagnetic NDT Equipment Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electromagnetic NDT Equipment Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electromagnetic NDT Equipment Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electromagnetic NDT Equipment Sales Breakdown by Type (2018-2023)
2 Global Electromagnetic NDT Equipment Market Competition by Company
2.1 Global Top Players by Electromagnetic NDT Equipment Sales (2018-2023)
2.2 Global Top Players by Electromagnetic NDT Equipment Revenue (2018-2023)
2.3 Global Top Players by Electromagnetic NDT Equipment Price (2018-2023)
2.4 Global Top Manufacturers Electromagnetic NDT Equipment Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electromagnetic NDT Equipment Market Competitive Situation and Trends
2.5.1 Electromagnetic NDT Equipment Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electromagnetic NDT Equipment Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electromagnetic NDT Equipment as of 2022)
2.7 Date of Key Manufacturers Enter into Electromagnetic NDT Equipment Market
2.8 Key Manufacturers Electromagnetic NDT Equipment Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electromagnetic NDT Equipment Status and Outlook by Region
3.1 Global Electromagnetic NDT Equipment Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electromagnetic NDT Equipment Historic Market Size by Region
3.2.1 Global Electromagnetic NDT Equipment Sales in Volume by Region (2018-2023)
3.2.2 Global Electromagnetic NDT Equipment Sales in Value by Region (2018-2023)
3.2.3 Global Electromagnetic NDT Equipment Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electromagnetic NDT Equipment Forecasted Market Size by Region
3.3.1 Global Electromagnetic NDT Equipment Sales in Volume by Region (2024-2029)
3.3.2 Global Electromagnetic NDT Equipment Sales in Value by Region (2024-2029)
3.3.3 Global Electromagnetic NDT Equipment Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electromagnetic NDT Equipment by Application
4.1 Electromagnetic NDT Equipment Market Segment by Application
4.1.1 Oil & Gas
4.1.2 Power Generation
4.1.3 Aerospace
4.1.4 Automotive
4.1.5 Others
4.2 Global Electromagnetic NDT Equipment Market Size by Application
4.2.1 Global Electromagnetic NDT Equipment Market Size Overview by Application (2018-2029)
4.2.2 Global Electromagnetic NDT Equipment Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electromagnetic NDT Equipment Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electromagnetic NDT Equipment Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electromagnetic NDT Equipment Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electromagnetic NDT Equipment Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electromagnetic NDT Equipment Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electromagnetic NDT Equipment Sales Breakdown by Application (2018-2023)
5 North America Electromagnetic NDT Equipment by Country
5.1 North America Electromagnetic NDT Equipment Historic Market Size by Country
5.1.1 North America Electromagnetic NDT Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electromagnetic NDT Equipment Sales in Volume by Country (2018-2023)
5.1.3 North America Electromagnetic NDT Equipment Sales in Value by Country (2018-2023)
5.2 North America Electromagnetic NDT Equipment Forecasted Market Size by Country
5.2.1 North America Electromagnetic NDT Equipment Sales in Volume by Country (2024-2029)
5.2.2 North America Electromagnetic NDT Equipment Sales in Value by Country (2024-2029)
6 Europe Electromagnetic NDT Equipment by Country
6.1 Europe Electromagnetic NDT Equipment Historic Market Size by Country
6.1.1 Europe Electromagnetic NDT Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electromagnetic NDT Equipment Sales in Volume by Country (2018-2023)
6.1.3 Europe Electromagnetic NDT Equipment Sales in Value by Country (2018-2023)
6.2 Europe Electromagnetic NDT Equipment Forecasted Market Size by Country
6.2.1 Europe Electromagnetic NDT Equipment Sales in Volume by Country (2024-2029)
6.2.2 Europe Electromagnetic NDT Equipment Sales in Value by Country (2024-2029)
7 Asia-Pacific Electromagnetic NDT Equipment by Region
7.1 Asia-Pacific Electromagnetic NDT Equipment Historic Market Size by Region
7.1.1 Asia-Pacific Electromagnetic NDT Equipment Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electromagnetic NDT Equipment Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electromagnetic NDT Equipment Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electromagnetic NDT Equipment Forecasted Market Size by Region
7.2.1 Asia-Pacific Electromagnetic NDT Equipment Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electromagnetic NDT Equipment Sales in Value by Region (2024-2029)
8 Latin America Electromagnetic NDT Equipment by Country
8.1 Latin America Electromagnetic NDT Equipment Historic Market Size by Country
8.1.1 Latin America Electromagnetic NDT Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electromagnetic NDT Equipment Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electromagnetic NDT Equipment Sales in Value by Country (2018-2023)
8.2 Latin America Electromagnetic NDT Equipment Forecasted Market Size by Country
8.2.1 Latin America Electromagnetic NDT Equipment Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electromagnetic NDT Equipment Sales in Value by Country (2024-2029)
9 Middle East and Africa Electromagnetic NDT Equipment by Country
9.1 Middle East and Africa Electromagnetic NDT Equipment Historic Market Size by Country
9.1.1 Middle East and Africa Electromagnetic NDT Equipment Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electromagnetic NDT Equipment Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electromagnetic NDT Equipment Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electromagnetic NDT Equipment Forecasted Market Size by Country
9.2.1 Middle East and Africa Electromagnetic NDT Equipment Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electromagnetic NDT Equipment Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 General Electric
10.1.1 General Electric Company Information
10.1.2 General Electric Introduction and Business Overview
10.1.3 General Electric Electromagnetic NDT Equipment Sales, Revenue and Gross Margin (2018-2023)
10.1.4 General Electric Electromagnetic NDT Equipment Products Offered
10.1.5 General Electric Recent Development
10.2 Olympus
10.2.1 Olympus Company Information
10.2.2 Olympus Introduction and Business Overview
10.2.3 Olympus Electromagnetic NDT Equipment Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Olympus Electromagnetic NDT Equipment Products Offered
10.2.5 Olympus Recent Development
10.3 Zetec
10.3.1 Zetec Company Information
10.3.2 Zetec Introduction and Business Overview
10.3.3 Zetec Electromagnetic NDT Equipment Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Zetec Electromagnetic NDT Equipment Products Offered
10.3.5 Zetec Recent Development
10.4 Magnetic Analysis
10.4.1 Magnetic Analysis Company Information
10.4.2 Magnetic Analysis Introduction and Business Overview
10.4.3 Magnetic Analysis Electromagnetic NDT Equipment Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Magnetic Analysis Electromagnetic NDT Equipment Products Offered
10.4.5 Magnetic Analysis Recent Development
10.5 Mistras Group
10.5.1 Mistras Group Company Information
10.5.2 Mistras Group Introduction and Business Overview
10.5.3 Mistras Group Electromagnetic NDT Equipment Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Mistras Group Electromagnetic NDT Equipment Products Offered
10.5.5 Mistras Group Recent Development
10.6 Russell NDE Systems
10.6.1 Russell NDE Systems Company Information
10.6.2 Russell NDE Systems Introduction and Business Overview
10.6.3 Russell NDE Systems Electromagnetic NDT Equipment Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Russell NDE Systems Electromagnetic NDT Equipment Products Offered
10.6.5 Russell NDE Systems Recent Development
10.7 Ashtead Technology
10.7.1 Ashtead Technology Company Information
10.7.2 Ashtead Technology Introduction and Business Overview
10.7.3 Ashtead Technology Electromagnetic NDT Equipment Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Ashtead Technology Electromagnetic NDT Equipment Products Offered
10.7.5 Ashtead Technology Recent Development
10.8 OKOndt GROUP
10.8.1 OKOndt GROUP Company Information
10.8.2 OKOndt GROUP Introduction and Business Overview
10.8.3 OKOndt GROUP Electromagnetic NDT Equipment Sales, Revenue and Gross Margin (2018-2023)
10.8.4 OKOndt GROUP Electromagnetic NDT Equipment Products Offered
10.8.5 OKOndt GROUP Recent Development
10.9 CMS
10.9.1 CMS Company Information
10.9.2 CMS Introduction and Business Overview
10.9.3 CMS Electromagnetic NDT Equipment Sales, Revenue and Gross Margin (2018-2023)
10.9.4 CMS Electromagnetic NDT Equipment Products Offered
10.9.5 CMS Recent Development
10.10 Fidgeon
10.10.1 Fidgeon Company Information
10.10.2 Fidgeon Introduction and Business Overview
10.10.3 Fidgeon Electromagnetic NDT Equipment Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Fidgeon Electromagnetic NDT Equipment Products Offered
10.10.5 Fidgeon Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electromagnetic NDT Equipment Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electromagnetic NDT Equipment Industrial Chain Analysis
11.4 Electromagnetic NDT Equipment Market Dynamics
11.4.1 Electromagnetic NDT Equipment Industry Trends
11.4.2 Electromagnetic NDT Equipment Market Drivers
11.4.3 Electromagnetic NDT Equipment Market Challenges
11.4.4 Electromagnetic NDT Equipment Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electromagnetic NDT Equipment Distributors
12.3 Electromagnetic NDT Equipment Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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