Global Eddy Current Testing Equipment Market Analysis

Due to more and more applications in the fields of power, oil and gas, and automobiles, the eddy current NDT equipment market in North America is developing rapidly.

1. The market for eddy current NDT equipment is developing rapidly

With the increase in demand for electric vehicles and the emergence of key manufacturers in this field, the demand for automotive testing equipment may surge.

Major aircraft manufacturers such as Boeing and Airbus have manufacturing plants in North America, and they account for more than 80% of global aircraft production. In addition, the air transport sector provided 6.2 million jobs in North America, which contributed US$654.2 billion in GDP. There may be a huge demand for the eddy current NDT equipment market.

These are the findings from the latest research report "Eddy Current Nondestructive Testing Equipment Market: 2013-2017 Global Industry Analysis and 2018-2026 Opportunity Assessment" released abroad.

The report assesses the global eddy current non destructive testing equipment market and outlines the various market segments of this market, as well as the various fields in which it is growing at a vigorous rate. According to the data provided by the research report, the global eddy current non-destructive testing equipment market in 2018 is estimated to be worth 324.6 million U.S. dollars, and is expected to reach a valuation of 537.9 million U.S. dollars in 2026. The compound annual growth rate for the period 2018-2026 is predicted to be 6.5%.

2. ECT NDT to ensure worker safety

The governments of many developed countries such as the United States, Canada, and Germany are committed to creating a safer working environment for workers. Based on this, governments of various countries are passing laws to protect the safe environment in the workplace, especially the safe environment involving the use of machines. For example, heavy machinery used in manufacturing, automotive, and other industrial fields has a lot of regulations in terms of implementing strict safety measures.

Nowadays, the number of accidents that cause physical injuries to ground workers is increasing, and sometimes such accidents are fatal. Therefore, in order to ensure the safety of factories, governments around the world are enforcing laws to ensure the safety of people and processes in the workplace.

Due to the above circumstances, in order to ensure a safe working environment, the demand for eddy current non-destructive testing equipment is also increasing.