Free press releases distribution network?

Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Quality Control to Be a Key Driver for the NDT Equipment Market - New analysis from Frost & Sullivan (testandmeasurement.frost.com), World Nondestructive Test Equipment Market, reveals that the market earned revenues of $843 million in 2005 and estimates to reach $1,248.8 million by 2012.
Quality Control to Be a Key Driver for the NDT Equipment Market

 

PRZOOM - /newswire/ - San Antonio, TX, United States, 2006/03/22 - New analysis from Frost & Sullivan (testandmeasurement.frost.com), World Nondestructive Test Equipment Market, reveals that the market earned revenues of $843 million in 2005 and estimates to reach $1,248.8 million by 2012..

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Quality control is a necessary evil and is a very important factor that accelerates the growth of the NDT equipment market. Tight industry specification of the products and stringent quality control standards set by the manufacturers spur the need to perform testing. This has created plenty of opportunities for NDT equipment manufacturers. The drive, quest and need to inspect components for quality purposes will continue to dictate the growth of the NDT equipment market.

New analysis from Frost & Sullivan World Nondestructive Test Equipment Market, reveals that the market earned revenues of $843 million in 2005 and estimates to reach $1,248.8 million by 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the World Nondestructive Test Equipment Market then send an e-mail to Tori Foster - Corporate Communications at tori.foster[.]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information via email upon receipt of the above information.
Inspection of various components in the manufacturing industries is the main function of the quality control department. NDT proves to be the most viable technique for inspection, as it does not alter the physical properties of the component under inspection. As industry specifications, standards become more stringent, and quality gets more pronounced, the need to perform NDT is expected to increase and will essentially drive growth.

“Outsourcing tends to be the boon and the bane of the NDT equipment market as small and medium companies outsource and contract their inspection requirements to small labs on account of cost cutting measures,” says Frost & Sullivan Research Analyst S. Vidyasankar. “While this may prove beneficial in the short term, it does impact the NDT equipment market significantly. The competition from used and refurbished equipment also limits the end-users from investing in new assets and this also considerably affects the demand for new NDT equipment.”
Cost cutting seems to be the most important strategy adopted by many companies and this primarily happens at the expense of quality. Difficult market conditions have forced these companies to look at cost as an issue and it gets more pronounced in the prevailing price competitive market scenario. This has shown the way toward outsourcing of the entire quality control activities to small inspection labs and this continues to restrain the growth of the market.

“The need to change the market perception regarding NDT as a cost becomes imperative,” says Vidyasankar. “Failure to perform quality control on aircrafts or rails on account of cost cutting measures could have a detrimental and catastrophic effect on human safety and life. Elevating the awareness levels and educating the end-users about the need and the potential of NDT techniques would lead to better and improved adoption of these techniques.”

The focus on meeting the stringent quality control standards provides plenty of opportunities for NDT equipment manufacturers; however on account of cost cutting measures end users outsource their quality control activities to small labs. The education of the end-users on the potential of various NDT methods will yield better results and open up lucrative market opportunities.
World Nondestructive Test Equipment Market is part of the General Purpose Test Equipment subscription, which also includes research in the following markets: General Purpose Test Equipment, Non-contact Measurement Equipment and Co-ordinate Measuring Machines Market among others. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Electronics/Instrumentation/RFID articles,
CATCH Visitors via Your Competitors Announcements!


Quality Control to Be a Key Driver for the NDT Equipment Market

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Tori Foster 
210.477.8448 tori.foster[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Electronics/Instrumentation/RFID via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Electronics/Instrumentation/RFID Most Recent Related Press Releases:

Malvern Instruments and PANalytical to Merge
Bruker Announces Corporate Partnership with International Phenome Centre Network (IPCN) for NMR Technologies and SOPs
IDEX Showcased the World’s First Flexible Touch Fingerprint Sensor for SmartCards and Receives Massive Industry Interest
Predictive and Control Capabilities through IoT Rapidly Expand Global Growth Opportunities for Sensors Finds Frost & Sullivan
Endress+Hauser Consult AG Introduces Proline 300/500 - Flow Measuring Technology for the Future
Lipigas Delivers Enhanced Interactive and Visual Mobile Self-Service Portal Using Joint Visual IVR Solution from Dialogic and Telectronic
Customized Electronic Ticket Solutions Simplify Daily Commute in Russian Cities
Bruker AXS Introduces A New Member to The D8 ADVANCE Family - The D8 ADVANCE Plus™
Spellman to Exhibit at the 2016 Radiological Society of North America Meeting in Chicago
Infineon Teams Up with Chinese Appliance Manufacturers for Solutions

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  NAKIVO, Inc.

Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today