2014-02-14 22:15:02 - Emerging Growth Markets for Nondestructive Test (NDT) Inspection Services - a new market research report on companiesandmarkets.com
The emerging markets for NDT inspection services are Brazil, China, India, and South Africa. Surprisingly, of these markets, China is the smallest. This is due to the trend in China wherein end-user industries prefer performing NDT inspections in-house rather than outsourcing.Similar to the global NDT inspection services market, these emerging growth markets are characterized by a large number of competitors, although most participants are relatively small. End-user industries such as oil and gas and power generation are the key drivers. High oil and gas prices have ensured that the operators earn significant revenue. This revenue has been duly invested back into developing the infrastructure in the energy industry.Executive SummaryThe emerging growth markets for nondestructive test (NDT) inspection services are estimated
to generate $ x million in revenue in 2012.Oil and gas and power generation are the dominant end-user industries in the emerging growth markets.Brazil´s revenue contribution to the emerging markets ranks highest, accounting for % of the total market in 2012.Contrary to common perception, the Chinese NDT inspection services market is fairly small. It is the smallest of the x growth markets under study, but growth prospects are high.The South African market has the highest growth potential with a booming economy providing investment in new power generation infrastructure, which is driving the NDT inspection services market.The competitive landscape consists mainly of local participants in Brazil, India, China, and South Africa, with only a few major global companies able to enter the market.There are approximately x companies battling in these competitive markets.It is expected that over the forecast period consolidations in the market will result from mergers and acquisition.
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