Catching a wave
The industry's growth slowed during the recession, in response to weak downstream demand. Nevertheless, demand for ultrasonic testing equipment remains resilient and will continue to grow. New technologies and products will require industry equipment, spurring demand. Furthermore, the industry's reputation for cost-effective, energy-efficient equipment will support continued growth. However, firms will face growing price pressure, as competition from imports heightens.
This industry manufactures ultrasonic testing equipment, such as ultrasonic transducers (which convert electrical energy into sound) and diagnostic machines. Ultrasonic testing is non-destructive and is widely used in construction, engineering, aerospace, automotive and other industrial sectors.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.