Eddy Current Testing Market by Type (Conventional Eddy Current, ACFM, RFT, Eddy Current Array, Pulsed Eddy Current, Near-Field Testing, Near-Field Array, Partial Saturation Eddy Current), Service, Vertical, and Geography - Global Forecast to 2035
Eddy Current Testing Market Summary
The global Eddy Current Testing Market is entering a sustained growth phase as industries increasingly prioritize non-destructive inspection, asset integrity, predictive maintenance, and automated quality control. The market is estimated at approximately USD 1.0 billion in 2025 and is projected to reach around USD 1.7 billion by 2035, registering a CAGR of 5%–6% during the forecast period. Recent market estimates similarly place the 2025 market near USD 1 billion and identify North America as the largest regional market and Asia Pacific as the fastest-growing region.
Growth is being supported by increasing inspection requirements across aerospace, automotive, power generation, oil & gas, railways, and general manufacturing. Eddy current testing offers rapid, non-contact inspection of conductive materials and is particularly valuable for detecting surface and near-surface cracks, corrosion, material degradation, and dimensional variations. The market is also benefiting from the integration of artificial intelligence (AI), Internet of Things (IoT), cloud connectivity, robotics, and automation. Digital inspection platforms can capture larger volumes of test data, identify recurring defect patterns, and support condition-based maintenance programs. As manufacturers move toward Industry 4.0 environments, connected eddy current systems are becoming an important component of automated inspection and quality assurance.
Key Market Trends & Insights
North America remains the leading region, supported by mature aerospace and defense manufacturing, extensive industrial infrastructure, stringent safety requirements, and established NDT service networks. The US market, in particular, benefits from continued aircraft maintenance, power infrastructure inspection, and industrial asset-integrity programs.
Asia Pacific is expected to record the fastest growth. Expanding automotive production, aerospace manufacturing, electronics manufacturing, railway infrastructure, energy investments, and industrial automation in China, Japan, India, and other Asian economies are creating new opportunities for eddy current testing providers.
Services represent a major market opportunity. Current industry estimates indicate that ECT services accounted for more than half of market revenue in 2025, driven by demand for field inspection, maintenance testing, inspection engineering, and certified technicians.
Eddy Current Array (ECA) and Pulsed Eddy Current (PEC) technologies are gaining momentum. These technologies provide wider inspection coverage, improved defect characterization, and greater suitability for complex components and difficult-to-access areas.
AI and automation are reshaping inspection workflows. Machine-learning algorithms can support automated signal interpretation, anomaly classification, and defect probability assessment, reducing dependence on manual interpretation while improving inspection consistency.
Digital transformation is increasing the value of inspection data. IoT-connected equipment, cloud-based reporting, digital inspection records, and integration with enterprise asset management platforms are enabling organizations to use ECT data for predictive maintenance rather than simply pass/fail inspection.
Market Size & Forecast
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Base year market size: Approximately USD 1.0 billion in 2025
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Forecast value by 2035: Approximately USD 1.7 billion
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CAGR: 5%–6%
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Growth outlook: Expansion is being driven by aerospace maintenance, automotive quality control, industrial automation, infrastructure inspection, stricter safety requirements, and the increasing adoption of AI-enabled NDT solutions.
The projected trajectory is consistent with recent industry estimates placing the market at USD 970.1 million in 2025 and approximately USD 1.7 billion by 2035.
Eddy Current Testing Market Top 10 key takeaway
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The global Eddy Current Testing Market is estimated at approximately USD 1.0 billion in 2025.
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The market is projected to reach approximately USD 1.7 billion by 2035.
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The market is expected to register a CAGR of 5%–6% during the forecast period.
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North America is expected to maintain its position as the leading regional market.
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Asia Pacific is projected to be the fastest-growing regional market.
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Aerospace and defense remain important end-use sectors because of stringent component inspection requirements.
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Eddy Current Array technology is gaining adoption because it enables faster and broader component coverage.
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AI and machine learning are increasingly being incorporated into signal analysis and automated defect recognition.
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IoT connectivity and cloud-based inspection platforms are improving data management and predictive maintenance.
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Automation, robotics, and digital inspection workflows are expected to create new opportunities for ECT equipment and service providers through 2035.
Product Insights
The equipment segment represents a core component of the Eddy Current Testing Market and includes conventional eddy current instruments, portable testers, fixed inspection systems, probes, sensors, scanners, and advanced array-based equipment. Portable eddy current testing equipment remains particularly attractive because it provides inspectors with flexibility across manufacturing plants, aircraft maintenance facilities, pipelines, power plants, and field-service environments. The ability to perform rapid inspections without damaging components makes portable systems valuable for maintenance and asset-integrity applications.
At the technology level, Eddy Current Array equipment is emerging as an important growth category. Unlike conventional single-coil inspection, array systems can use multiple sensing elements to cover larger areas and generate more comprehensive inspection data. This reduces inspection time and supports more detailed visualization of defects.
Manufacturers are also incorporating high-resolution displays, automated calibration, digital signal processing, wireless connectivity, data storage, and software-based analysis into modern products. AI-assisted inspection software can analyze signals and flag potential anomalies, while cloud connectivity allows inspection results to be shared across geographically distributed maintenance teams.
Another important product trend is the development of smaller, lighter, and more rugged inspection instruments. These systems are increasingly designed for field applications where operators require battery-powered operation, wireless data transfer, and rapid deployment.
Technology / Component Insights
The Eddy Current Testing Market is evolving from conventional electromagnetic inspection toward increasingly intelligent and digitally connected testing platforms. Traditional eddy current testing remains important for detecting surface and subsurface discontinuities in conductive materials, but advanced signal-processing technologies are improving sensitivity and inspection reliability.
Eddy Current Array (ECA) technology is one of the most important developments. By using multiple coils or sensing elements, ECA systems can inspect larger areas while producing detailed datasets. Pulsed Eddy Current (PEC) technology is also gaining attention for applications involving corrosion and inspection through coatings.
AI and machine learning represent another technology frontier. Algorithms can analyze complex signals, identify unusual patterns, compare inspection results with historical datasets, and support automated defect classification. This is particularly useful where inspection teams handle large quantities of data.
IoT connectivity enables ECT instruments to transmit inspection information to centralized platforms. Cloud systems can consolidate inspection records across multiple sites, enabling asset owners to monitor recurring defects and maintenance trends. Automation and robotics are further expanding applications by allowing sensors to be mounted on robotic arms, automated scanners, crawlers, and specialized inspection platforms.
Future innovation is likely to focus on AI-assisted decision support, digital twins, robotic inspection, edge computing, automated reporting, sensor fusion, and real-time inspection analytics. These technologies will increasingly position eddy current testing as part of a broader digital asset-integrity ecosystem.
Application Insights
Aerospace and defense represents one of the most important applications for eddy current testing. Aircraft structures, turbine components, landing gear, engine parts, fastener holes, and other conductive components require frequent inspection because small cracks can have serious safety consequences. Eddy current testing is well suited to these applications because it can detect surface and near-surface defects rapidly while preserving the component.
The automotive industry is another major application area. Automotive manufacturers use eddy current testing for quality control of engine components, gears, shafts, bearings, welds, and other metallic parts. The increasing use of automated production lines is encouraging manufacturers to integrate ECT systems directly into manufacturing processes.
In power generation, eddy current inspection is used for heat exchanger tubes, turbine components, generators, and other critical assets. Nuclear and conventional power facilities increasingly rely on advanced NDT techniques to support preventive maintenance and regulatory compliance.
Oil & gas companies use eddy current and related electromagnetic inspection techniques for pipelines, tubing, tanks, and industrial equipment. Infrastructure modernization, railway expansion, and industrial manufacturing will create additional opportunities.
The future application landscape will increasingly favor automated in-line inspection, robotic inspection, predictive maintenance, and remote inspection, particularly where asset owners need to minimize downtime.
Regional Insights
North America is expected to remain the leading regional market for eddy current testing through the forecast period. The region benefits from strong aerospace and defense activity, mature manufacturing infrastructure, high adoption of advanced NDT technologies, and extensive inspection requirements for aging industrial assets. The US also has a large installed base of aircraft, energy infrastructure, pipelines, and manufacturing facilities that require periodic inspection and maintenance.
Europe represents another technologically advanced market, supported by aerospace manufacturing, automotive production, industrial machinery, energy infrastructure, and stringent safety and quality standards. Germany and France are particularly important markets because of their engineering-intensive manufacturing ecosystems.
Asia Pacific is expected to record the fastest growth, supported by expanding industrial production and infrastructure investment. China, Japan, India, South Korea, and Southeast Asian economies are increasing their investments in automotive, aerospace, power generation, railways, shipbuilding, and advanced manufacturing. This industrial expansion is increasing demand for both conventional and digitally enabled NDT systems.
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North America: Leading market because of aerospace, energy, manufacturing, and mature NDT infrastructure.
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Europe: Strong demand from automotive, aerospace, machinery, and energy industries.
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Asia Pacific: Fastest-growing region due to industrialization and infrastructure investment.
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China and Japan: Major technology and manufacturing hubs supporting ECT adoption.
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India: Emerging opportunity driven by manufacturing expansion, infrastructure development, railways, energy, and aerospace investments.
Country-Specific Market Trends
China is expected to remain one of the largest growth contributors in Asia Pacific, with an estimated CAGR of 7%–8% through 2035. Expansion of automotive manufacturing, aerospace production, railways, power infrastructure, and industrial automation is encouraging greater use of automated NDT technologies. Government-supported manufacturing modernization and Industry 4.0 initiatives are also supporting digital inspection adoption.
Japan is projected to grow at approximately 5%–6% CAGR, supported by its advanced automotive, electronics, machinery, shipbuilding, and power industries. Japanese manufacturers have a strong focus on precision manufacturing, quality control, automation, and equipment reliability, creating favorable conditions for advanced eddy current inspection systems.
In North America, the United States remains the largest national market and is expected to expand at approximately 5%–6% CAGR. Aerospace MRO, defense manufacturing, energy infrastructure, automotive production, and industrial asset management are major demand contributors. Canada is expected to record approximately 4%–5% CAGR, supported by energy, transportation, aerospace, and industrial inspection requirements, while Mexico could achieve approximately 6%–7% CAGR as automotive and manufacturing investment expands.
In Europe, Germany is expected to grow at around 5%–6% CAGR, supported by automotive, machinery, aerospace, and industrial automation. France is projected to expand at approximately 4%–5% CAGR, with aerospace, nuclear energy, transportation, and advanced manufacturing supporting demand. Across European markets, regulatory emphasis on safety, traceability, and asset integrity continues to encourage advanced NDT adoption.
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China: Approximately 7%–8% CAGR, supported by industrial automation and manufacturing.
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Japan: Approximately 5%–6% CAGR, driven by precision manufacturing and advanced inspection.
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United States: Approximately 5%–6% CAGR, supported by aerospace, energy, and defense.
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Canada and Mexico: Approximately 4%–7% CAGR, supported by energy and automotive manufacturing.
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Germany and France: Approximately 4%–6% CAGR, supported by aerospace, automotive, energy, and industrial engineering.
Key Eddy Current Testing Market Company Insights
The competitive landscape includes established NDT equipment manufacturers, inspection technology specialists, and testing service providers. Eddyfi Technologies, Evident Scientific, Waygate Technologies, FÖRSTER, and MISTRAS Group are among the prominent companies associated with the broader eddy current testing ecosystem. Current market analysis identifies Eddyfi Technologies as a leading participant, with Evident, Foerster, Waygate, and MISTRAS also holding significant positions.
Companies are increasingly competing through product miniaturization, array-based inspection, software integration, AI-assisted analysis, and connected inspection platforms. Rather than focusing only on hardware, leading providers are developing integrated solutions that combine probes, scanners, instruments, software, analytics, and technical services.
Eddyfi Technologies has emphasized advanced NDT technologies and inspection solutions, while Evident Scientific focuses on portable and precision inspection technologies. Waygate Technologies benefits from its broader industrial inspection portfolio and digital NDT capabilities. FÖRSTER has strong expertise in electromagnetic testing and material characterization, while MISTRAS has an extensive presence in inspection and asset-integrity services.
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Leading companies are investing in ECA, PEC, and advanced electromagnetic inspection.
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AI-assisted signal interpretation is becoming an important product differentiator.
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Companies are integrating hardware with inspection software and cloud platforms.
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Service providers are expanding long-term inspection and asset-integrity contracts.
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Strategic partnerships and technology integration are becoming increasingly important for global expansion.
Recent Developments
The market is experiencing continued development toward automated and digitally connected ECT systems. Equipment manufacturers are introducing more portable and software-driven instruments capable of storing, analyzing, and transferring large inspection datasets. This trend supports faster field inspection and centralized quality management.
Another important development is the increasing integration of AI and advanced signal processing into inspection software. These capabilities are designed to support anomaly identification, improve repeatability, and reduce the time required for manual data interpretation.
Partnerships between NDT equipment manufacturers, inspection service providers, industrial automation companies, and aerospace or manufacturing organizations are also becoming more important. Such collaborations enable the development of customized robotic inspection systems, automated scanners, and digital asset-integrity platforms.
Market Segmentation
The Eddy Current Testing Market can be segmented by Product into equipment, software, probes, sensors, scanners, and services, with services representing a particularly significant revenue category. Industry estimates indicate that ECT services accounted for approximately 56% of market revenue in 2025. By Technology / Component, the market includes conventional eddy current testing, Eddy Current Array, Pulsed Eddy Current, remote-field testing, probes, sensors, signal-processing units, and inspection software. By Application, major areas include aerospace and defense, automotive and transportation, oil & gas, energy and power, manufacturing, infrastructure, and other industrial applications. By Region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, with North America leading and Asia Pacific showing the strongest growth prospects.
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By Product: Equipment, software, probes, scanners, sensors, and services.
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By Technology: Conventional ECT, Eddy Current Array, Pulsed Eddy Current, and related electromagnetic technologies.
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By Application: Aerospace, automotive, energy, oil & gas, manufacturing, transportation, and infrastructure.
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By Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Growth focus: Automated inspection, AI analytics, connected systems, and predictive maintenance.
The Eddy Current Testing Market is positioned for steady expansion through 2035 as industrial organizations place greater emphasis on safety, reliability, predictive maintenance, and automated quality assurance. From an estimated USD 1.0 billion in 2025, the market could approach USD 1.7 billion by 2035, supported by a CAGR of 5%–6%.
AI, IoT, robotics, cloud computing, and advanced signal processing will increasingly differentiate next-generation ECT solutions. AI-assisted defect recognition can help inspectors manage complex datasets, while IoT-enabled equipment can make inspection information available across maintenance and asset-management systems. Robotic inspection will also expand the use of ECT in environments where manual testing is time-consuming, hazardous, or difficult to standardize.
For equipment manufacturers, service providers, and industrial asset owners, the strategic opportunity extends beyond purchasing testing instruments. The future of eddy current testing will involve integrated hardware, software, analytics, automation, and inspection services. Organizations that combine advanced ECT with predictive maintenance and digital asset management will be better positioned to reduce unplanned downtime, improve inspection productivity, and strengthen operational safety through 2035.
FAQs - Eddy Current Testing Market
1. What is the market size of the Eddy Current Testing Market?
The global Eddy Current Testing Market is estimated at approximately USD 1.0 billion in 2025 and is projected to reach around USD 1.7 billion by 2035. Recent market research estimates the 2025 market at approximately USD 970 million and the 2035 market at USD 1.7 billion.
2. What is the growth rate of the Eddy Current Testing Market?
The market is expected to register a CAGR of 5%–6% from 2025 to 2035, supported by rising NDT requirements, industrial automation, aerospace maintenance, infrastructure inspection, and digital transformation.
3. What are the key drivers of the Eddy Current Testing Market?
Key drivers include increasing demand for non-destructive inspection, stringent safety standards, aerospace and automotive production, aging industrial infrastructure, predictive maintenance, and the adoption of AI, IoT, robotics, and automated inspection technologies.
4. Which region leads the Eddy Current Testing Market?
North America is expected to remain the leading regional market, supported by aerospace, defense, energy, manufacturing, and mature NDT infrastructure. Asia Pacific is expected to be the fastest-growing region.
5. Who are the key companies in the Eddy Current Testing Market?
Major companies associated with the market include Eddyfi Technologies, Evident Scientific, Waygate Technologies, FÖRSTER, and MISTRAS Group, alongside other specialized NDT equipment manufacturers and service providers.
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 ECT Market, By Geography
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 31)
4.1 Lucrative Opportunities in the ECT Market
4.2 ECT Market – Comparison of Growth Pattern of ECT Services
4.3 ECT Market in APAC in 2015
4.4 Market Share of Major Countries and Regions, 2015
4.5 ECT Market, By Type, 2016 vs 2022
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Evolution of ECT
5.3 Market Segmentation
5.3.1 By Type
5.3.2 By Service
5.3.3 By Vertical
5.3.4 By Geography
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Safety Regulations By Governments
5.4.1.2 Advancements in New ECT Technologies
5.4.2 Restraints
5.4.2.1 Lack of Skilled and Qualified Workforce
5.4.3 Opportunities
5.4.3.1 Increasing Infrastructural Developments in Emerging Economies
5.4.3.2 Manufacturing Opportunities in Brics
5.4.4 Challenges
5.4.4.1 Fall in Prices of Oil & Gas
6 Industry Trends (Page No. - 44)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Rivalry
7 Market, By Type (Page No. - 52)
7.1 Introduction
7.2 Conventional Eddy Current Testing
7.3 Alternating Current Field Measurement (ACFM)
7.4 Remote Field Testing (RFT)
7.5 Eddy Current Array (ECA)
7.6 Pulsed Eddy Current Testing
7.7 Near-Field Testing (NFT)
7.8 Near-Field Array (NFA)
7.9 Partial Saturation Eddy Current (PSEC)
8 Market, By Service (Page No. - 71)
8.1 Introduction
8.2 Inspection Services
8.2.1 Advanced Eddy Current Inspection
8.3 Equipment Rental Services
8.4 Calibration Services
8.5 Training Services
9 Market, By Vertical (Page No. - 79)
9.1 Introduction
9.2 Manufacturing
9.3 Oil & Gas
9.3.1 Subsea Pipelines
9.3.2 Storage Tanks
9.4 Aerospace
9.4.1 Military Aerospace
9.5 Government Infrastructure
9.5.1 Inspeciton of Bridges
9.6 Automotive
9.7 Power Generation
9.7.1 Nuclear Power to Be A Major Driver for the Growth of ECT in the Power Generation Vertical
9.7.2 Wind Turbines
9.8 Other Verticals
9.8.1 Marine
9.8.2 Healthcare
9.8.3 Plastic and Polymer
10 Geographic Analysis (Page No. - 98)
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 U.K.
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 Rest of the World
10.5.1 South America
10.5.2 Middle East
10.5.3 Africa
11 Competitive Landscape (Page No. - 119)
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Situation and Trends
11.3.1 New Product Launches
11.3.2 Agreements, Partnerships, and Contracts
11.3.3 Mergers & Acquisitions
11.3.4 Expansions
12 Company Profiles (Page No. - 124)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
12.1 Introduction
12.2 General Electric Company
12.3 Olympus Corporation
12.4 Ashtead Technology Inc.
12.5 Mistras Group Inc.
12.6 Eddyfi NDT Inc.
12.7 Ether NDE Limited
12.8 Zetec Inc.
12.9 TUV Rheinland AG
12.10 IBG NDT Systems Corporation
12.11 Fidgeon Limited
12.12 Magnetic Analysis Corporation Inc.
*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 148)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
List of Tables (72 Tables)
Table 1 Eddy Current Testing Market, By Type & Service, 2013–2022 (USD Million)
Table 2 Market, By Type, 2013–2022 (USD Million)
Table 3 Market for CEC, By Vertical, 2013–2022 (USD Million)
Table 4 Market for CEC, By Region, 2013–2022 (USD Million)
Table 5 Market for ACFM, By Vertical, 2013–2022 (USD Million)
Table 6 Market for ACFM, By Region, 2013–2022 (USD Million)
Table 7 Market for RFT, By Vertical, 2013–2022 (USD Million)
Table 8 Market for RFT, By Region, 2013–2022 (USD Million)
Table 9 Market for ECA, By Vertical, 2013–2022 (USD Million)
Table 10 Market for ECA, By Region, 2013–2022 (USD Million)
Table 11 Market for PEC, By Vertical, 2013–2022 (USD Million)
Table 12 Market for PEC, By Region, 2013–2022 (USD Million)
Table 13 Market for NFT, By Vertical, 2013–2022 (USD Million)
Table 14 Market for NFT, By Region, 2013–2022 (USD Million)
Table 15 Market for NFA, By Vertical, 2013–2022 (USD Million)
Table 16 Market for NFA, By Region, 2013–2022 (USD Million)
Table 17 Market for PSEC, By Vertical, 2013–2022 (USD Million)
Table 18 Market for PSEC, By Region, 2013–2022 (USD Million)
Table 19 Market, By Service, 2013–2022 (USD Million)
Table 20 Market for Inspection Services, By Vertical, 2013–2022 (USD Million)
Table 21 Market for Inspection Services, By Region, 2013–2022 (USD Million)
Table 22 Market for Equipment Rental Services, By Vertical, 2013–2022 (USD Million)
Table 23 Market Size for Equipment Rental Services, By Region, 2013–2022 (USD Million)
Table 24 Market for Calibration Services, By Vertical, 2013–2022 (USD Million)
Table 25 Market for Calibration Services, By Region, 2013–2022 (USD Million)
Table 26 ECT Market for Training Services, By Vertical, 2013–2022 (USD Million)
Table 27 ECT Market for Training Services, By Region, 2013–2022 (USD Million)
Table 28 Industries With Testing Requirements
Table 29 Market for Types and Services, By Vertical, 2013–2022 (USD Million)
Table 30 Market for Manufacturing Vertical, By Type, 2013–2022 (USD Million)
Table 31 Market for Manufacturing Vertical, By Service, 2013–2022 (USD Million)
Table 32 Market for Manufacturing Vertical, By Region, 2013–2022 (USD Million)
Table 33 Market for Oil & Gas Vertical, By Type, 2013–2022 (USD Million)
Table 34 Market for Oil & Gas Vertical, By Service, 2013–2022 (USD Million)
Table 35 Market for Oil & Gas Vertical, By Region, 2013–2022 (USD Million)
Table 36 Market for Aerospace Vertical, By Type, 2013–2022 (USD Million)
Table 37 Market for Aerospace Vertical, By Service, 2013–2022 (USD Million)
Table 38 Market for Aerospace Vertical, By Region, 2013–2022 (USD Million)
Table 39 Market for Government Infrastructure Vertical, By Type, 2013–2022 (USD Million)
Table 40 Market for Government Infrastructure Vertical, By Service, 2013–2022 (USD Million)
Table 41 Market for Government Infrastructure Vertical, By Region, 2013–2022 (USD Million)
Table 42 Market for Automotive Vertical, By Type, 2013–2022 (USD Million)
Table 43 ECT Market for Automotive Vertical, By Service, 2013–2022 (USD Million)
Table 44 ECT Market for Automotive Vertical, By Region, 2013–2022 (USD Million)
Table 45 ECT Market for Power Generation Vertical, By Type, 2013–2022 (USD Million)
Table 46 ECT Market for Power Generation Vertical, By Service, 2013–2022 (USD Million)
Table 47 Market for Power Generation Vertical, By Region, 2013–2022 (USD Million)
Table 48 Market for Other Verticals, By Type, 2013–2022 (USD Million)
Table 49 Market for Other Verticals, By Service, 2013–2022 (USD Million)
Table 50 ECT Market for Other Verticals, By Region, 2013–2022 (USD Million)
Table 51 Market, By Region, 2013–2022 (USD Million)
Table 52 Market in North America, By Type, 2013–2022 (USD Million)
Table 53 Market in North America, By Service, 2013–2022 (USD Million)
Table 54 Market in North America, By Vertical, 2013–2022 (USD Million)
Table 55 Market in North America, By Country, 2013–2022 (USD Million)
Table 56 Market in Europe, By Type, 2013–2022 (USD Million)
Table 57 Market in Europe, By Service, 2013–2022 (USD Million)
Table 58 Market in Europe, By Vertical, 2013–2022 (USD Million)
Table 59 Market in Europe, By Country, 2013–2022 (USD Million)
Table 60 Market in APAC, By Type, 2013–2022 (USD Million)
Table 61 Market in APAC, By Service, 2013–2022 (USD Million)
Table 62 Market in APAC, By Vertical, 2013–2022 (USD Million)
Table 63 Market in APAC, By Country, 2013–2022 (USD Million)
Table 64 Market in RoW, By Type, 2013–2022 (USD Million)
Table 65 Market in RoW, By Service, 2013–2022 (USD Million)
Table 66 Market in RoW, By Vertical, 2013–2022 (USD Million)
Table 67 Market in RoW, By Region, 2013–2022 (USD Million)
Table 68 Market Ranking, 2015
Table 69 New Product Launches, 2013–2016
Table 70 Agreements, Contracts, Partnerships, and Collaborations, 2013–2016
Table 71 Mergers & Acquisitions, 2013–2016
Table 72 Expansions, 2013–2016
List of Figures (57 Figures)
Figure 1 Eddy Current Testing Market: Research Design
Figure 2 Market Size Estimation Meth0dology: Bottom-Up Approach
Figure 3 Market Size Estimation Meth0dology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Snapshot of ECT Market (2016 vs 2022): CEC to Be the Largest Market During the Forecast Period
Figure 7 Application in the Manufacturing Vertical to Exhibit High Growth Between 2016 and 2022
Figure 8 Inspection Services to Hold the Largest Share of the ECT Market (2016 vs 2022)
Figure 9 North America Expected to Hold A Major Share of the ECT Market During the Forecast Period
Figure 10 Increasing Demand From Power Generation and Manufacturing Sectors to Create Opportunities for ECT Market Between 2016 and 2022
Figure 11 Inspection Services to Grow at the Highest Rate During the Forecast Period
Figure 12 China Held the Largest Share of the ECT Market in APAC in 2015
Figure 13 U.S. Accounted for the Largest Market Share in 2015
Figure 14 CEC Likely to Be the Most Preferred ECT Type Between 2016 and 2022
Figure 15 Market Methods: Evolution
Figure 16 Major Markets for ECT Across Different Regions
Figure 17 Safety Regulations By Governments and Advancements in ECT Technologies to Drive the ECT Market Between 2016 and 2022
Figure 18 Value Chain Analysis: Market
Figure 19 Porter’s Five Forces Analysis: Market (2015)
Figure 20 Porter’s Five Forces: Impact Analysis
Figure 21 Market: Threat of New Entrants
Figure 22 Market: Threat of Substitutes
Figure 23 Market: Bargaining Power of Suppliers
Figure 24 Market: Bargaining Power of Buyers
Figure 25 Market: Intensity of Competitive Rivalry
Figure 26 Services Segment Expected to Hold A Large Share of the ECT Market During the Forecast Period
Figure 27 CEC Technique Expected to Hold the Largest Size of the ECT Market During the Forecast Period
Figure 28 Oil & Gas Vertical Expected to Hold the Largest Size of the CEC Market By 2022
Figure 29 North America and APAC to Be the Major Markets for ACFM Between 2016 and 2022
Figure 30 Oil & Gas Expected to Hold the Largest Size of the RFT Market By 2022
Figure 31 North America Expected to Lead the ECA Market With the Largest Market Size By 2022
Figure 32 Oil & Gas and Power Generation Verticals Expected to Hold Significant Size of the PEC Market By 2022
Figure 33 ECT Market for NFT , By Region (2015 vs 2022)
Figure 34 Oil & Gas and Power Generation to Be the Major Verticals of the NFA Market By 2022
Figure 35 North America Expected to Account for the Largest Size of the PSEC Market Between 2015 and 2022
Figure 36 Inspection Services to Lead the ECT Market By Holding the Largest Market Size By 2022
Figure 37 Oil & Gas Sector to Hold the Largest Market Size for ECT By 2022
Figure 38 ECT Market in Oil & Gas Vertical, By Region (2015 vs 2022)
Figure 39 ECT Market for Power Generation Vertical, By Region (2015 vs 2022)
Figure 40 India Expected to Be the Fastest-Growing Market for Eddy Current Testing Between 2016 and 2022
Figure 41 Attractive Growth Opportunities in the Manufacturing Vertical During the Forecast Period
Figure 42 North America: Market Snapshot, 2015
Figure 43 Europe: Market Snapshot, 2015
Figure 44 APAC: Market Snapshot, 2015
Figure 45 RoW: Market Snapshot, 2015
Figure 46 Organic and Inorganic Strategies Adopted By Companies Operating in the Eddy Current Testing Market
Figure 47 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 48 Geographic Revenue Mix of Top Market Players
Figure 49 General Electric Company: Company Snapshot
Figure 50 General Electric Company: SWOT Analysis
Figure 51 Olympus Corporation: Company Snapshot
Figure 52 Olympus Corporation: SWOT Analysis
Figure 53 Ashtead Technology Ltd.: Company Snapshot
Figure 54 Ashtead Technology Inc.: SWOT Analysis
Figure 55 Mistras Group Inc.: Company Snapshot
Figure 56 Mistras Group: SWOT Analysis
Figure 57 TUV Rheinland AG: Company Snapshot
The research methodology used to estimate and forecast the eddy current testing market begins with capturing data on key vendor revenue through secondary research by the American Society for Non-Destructive Testing (ASNT), British Institute of Non-Destructive Testing (BINDT), and Indian Society for Non-Destructive Testing (ISNT). The vendor offerings are taken into consideration to determine the market segmentation. A combination of top-down and bottom-up approaches has been employed to arrive at the overall size of the global market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. Market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primaries is depicted in the figure below:

To know about the assumptions considered for the study, download the pdf brochure
The eddy current testing market comprises equipment manufacturers and inspection service providers. The companies such as General Electric Company (U.S.), Ether NDE Limited (U.K.), Olympus Corporation (Japan), and Eddyfi NDT Inc. (Canada) among others are the ones who design and manufacture ECT equipment. The companies offering inspection services include Ashtead Technology Ltd. (U.K.), TUV Rheinland AG (Germany), and Mistras Group Inc. (U.S.) among others. Many of these companies also act as system integrators and distributors for eddy current testing equipment.
Target Audience:
- Analysts and strategic business planners
- Governments, financial institutions, and investment communities
- Original equipment manufacturers (OEMs) (end-user application or electronic component manufacturers)
- Product manufacturers
- Raw material and manufacturing equipment suppliers
- Research organizations
- Technology investors
- Technology standards organizations, forums, alliances, and associations
The study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”
Scope of the Report:
The report scope covers the eddy current testing market based on following segments:
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By Technique
- Conventional Eddy Current Testing
- Remote Field Testing
- Alternating Current Field Measurement
- Eddy Current Array
- Pulsed Eddy Current Testing
- Near-Field Testing
- Near-Field Array
- Partial Saturation Eddy Current
-
By Service
- Inspection Services
- Equipment Rental Services
- Calibration Services
- Training Services
-
By Vertical
- Manufacturing
- Oil & Gas
- Aerospace
- Government Infrastructure & Public Safety
- Automotive
- Power Generation
- Others
-
By Geography
-
North America
- U.S.
- Canada
- Mexico
-
Europe
- U.K.
- Germany
- France
- Italy
- Rest of Europe
-
Asia-Pacific
- China
- Japan
- India
- Rest of APAC
-
RoW
- South America
- Middle East
- Africa
-
North America
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information:
Detailed analysis and profiling of additional market players (up to five)

Growth opportunities and latent adjacency in Eddy Current Testing Market
I am a specialist in non-destructive testing methods (PhD). I have many US patents, Ukraine and the UK. I have control of the vortex method patents welds, the electrical conductivity of the powdery material. Could you please send me sample brochure of this report?