Middle East & Africa Core Banking Solution Market, by Services, 2017-2025
Global Ultrasonic NDT equipment Market [2017-2025] Asia Pacific by Equipment type
By Equipment type, the market is segmented into Asia Pacific, China, India, Japan, Singapore, and Rest of Asia Pacific (2017-2025)
| Label | Asia Pacific | China | India | Japan | Singapore | Rest of Asia Pacific |
|---|---|---|---|---|---|---|
| 2017 | 228.51 USD Mn | 63.18 USD Mn | 30.53 USD Mn | 38.64 USD Mn | 26.76 USD Mn | 69.40 USD Mn |
| 2018 | 244.72 USD Mn | 68.95 USD Mn | 32.56 USD Mn | 40.80 USD Mn | 27.55 USD Mn | 74.85 USD Mn |
| 2019 | 262.90 USD Mn | 75.49 USD Mn | 34.83 USD Mn | 43.22 USD Mn | 28.46 USD Mn | 80.90 USD Mn |
| 2020 | 283.37 USD Mn | 82.92 USD Mn | 37.39 USD Mn | 45.94 USD Mn | 29.49 USD Mn | 87.64 USD Mn |
| 2021 | 306.54 USD Mn | 91.41 USD Mn | 40.27 USD Mn | 49.00 USD Mn | 30.67 USD Mn | 95.19 USD Mn |
| 2022 | 332.91 USD Mn | 101.17 USD Mn | 43.56 USD Mn | 52.47 USD Mn | 32.03 USD Mn | 103.69 USD Mn |
| 2023 | 363.09 USD Mn | 112.44 USD Mn | 47.31 USD Mn | 56.43 USD Mn | 33.58 USD Mn | 113.33 USD Mn |
| 2024 | 397.88 USD Mn | 125.57 USD Mn | 51.62 USD Mn | 60.97 USD Mn | 35.38 USD Mn | 124.34 USD Mn |
| 2025 | 438.31 USD Mn | 140.96 USD Mn | 56.63 USD Mn | 66.23 USD Mn | 37.48 USD Mn | 137.02 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Rest of Asia Pacific accounted for the largest market share in 2018 in the Asia Pacific ultrasonic ndt equipment market market, and is expected to reach USD 137.02 Million in 2025 from USD 74.85 Million in 2018. However, China is the fastest growing market, which is expected to grow at a CAGR of 10.97% during the forecast period 2019 - 2025. oil and gas segment accounted for the largest market share in 2018, this market is expected to reach USD 103.83 Million in 2025 from USD 58.89 Million in 2018. This market is projected to grow at a CAGR of 8.65% during the forecast period from 2019 - 2025. However, automotives segment is the fastest growing market, which is expected to grow at a CAGR of 10.97% during the forecast period 2019 - 2025. flaw detectors segment accounted for the largest market share in 2018, this market is expected to reach USD 129.51 Million in 2025 from USD 67.67 Million in 2018. This market is projected to grow at a CAGR of 9.94% during the forecast period from 2019 - 2025. However, inspection systems segment is the fastest growing market, which is expected to grow at a CAGR of 10.81% during the forecast period 2019 - 2025.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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