The 2008-2009 economic downturn brought with it a host of challenges for nondestructive test (NDT) equipment vendors. Capital expenditure cuts and revisions of inspection budgets among key end user industries have adversely affected NDT equipment sales. As a result, vendors are looking to re-align their product development, marketing and distribution strategies to capitalize on opportunities, as the market gradually climbs out of recession.
Highlights of the briefing include: trend analysis by geography, market sizing, end user trends and related and competitive analysis.
This briefing will benefit NDT equipment manufacturers, distributors, NDT service organizations and component suppliers, by discussing emerging trends and providing forward projections for the NDT Equipment Market in BRIC Countries.
"The rapid rate of infrastructure development in emerging countries such as China, India, Russia, and Brazil, creates a number of market opportunities for NDT equipment vendors. Although they may not be immune to economic downturns, the growth of industries, such as aerospace, automotive, power generation and oil and gas in these emerging markets creates attractive opportunities and returns for companies willing to invest and expand sales and distribution strategies in this region," observes Industry Analyst Vijay Mathew.
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