Report Forecast - NDT market worth $11.39 billion by 2022
Published: 5th December, 2016
Research & Markets Report predicts a bright future for NDT
Light at the end of the tunnel?
The last few years have been difficult for many within NDT, with a marked slowdown in both the steel and oil and gas industries. But is there light at the end of the tunnel?
The latest report by Research & Markets suggests yes.
Asia leading the way
Research & Markets predict a year on year growth rate (CAGR) of 8.30%. And while the report suggests moderate recovery in European markets, it predicts the fast growth will take place in the Asia-Pacific region. This growth being driven by the increasing number of infrastructure projects in those countries, greater investment in power generation and general industrialisation.
But caution is advised.
The report also lists a number of bumps in the road which could impede this growth. These include the high entry cost to a number of NDT disciplines and perhaps more pressing – A lack of understanding, awareness and training in NDT in general.
A global outlook for a global company
While the UK and European NDT industries are certainly the most valuable to us, Johnson & Allen has a global outlook, with the company already exporting MPI and DPI equipment and consumables globally. We see this as a golden opportunity to further expand our presence in the Asia-Pacific region.
But Johnson & Allen do not only manufacture quality NDT equipment. We also offer our customers the invaluable knowledge held by our experienced employees. They have the passion and drive to discuss what a customer may require and the understanding to plan the most economical way of achieving that. Whether the answer be a Small Bench Unit for MPI or a full Inspection Line for DPI, Johnson & Allen is an experienced manufacturer of NDT equipment with a proven track record.