The business of nondestructive test equipment is expected to continue growing even in the troubled economy, largely because of demand from emerging economies, especially in the Asia Pacific region, according to a new report by Frost & Sullivan. The report, "World Nondestructive Test (NDT) Equipment Markets," predicts that business for this type of equipment will reach $1.3 billion in 2013, up from $1.1 billion in 2008. Newer technologies and faster inspection methods combined with the need for compliance with safety legislation bodes well for NDT equipment manufacturers, the company said.
FORECASTING A GROWTH MARKET Harry Hutchinson Mechanical Engineering; Jun 2009; 131, 6; Docstoc pg. 10 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
Pages to are hidden for
"FORECASTING A GROWTH MARKET"Please download to view full document