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Industrial Radiography Equipment Market to Grow at 8.71% CAGR to 2020

PUNE, India, July 25, 2016 /PRNewswire-iReach/ -- The global industrial radiography equipment market analyst says a trend which is positively impacting the market is the emergence of portable radiography equipment. The introduction of portable radiography equipment that is fully automated, versatile, and easy to use will generate interest among end-users. These systems reduce the cost of testing, as end-users that do not have in-house radiography equipment often get their products tested at the vendor's location. Portable radiography equipment cost less compared to their conventional counterparts. The adoption of such systems is increasing as end-users can test multiple objects at different locations using a single device.

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Complete report on industrial radiography equipment market spread across 59 pages, analyzing 9 major companies and providing 33 data exhibits are now available at http://www.rnrmarketresearch.com/global-industrial-radiography-equipment-market-2016-2020-market-report.html 

According to the 2016 industrial radiography equipment market report, a key growth driver is the increased demand from power generation and oil and gas sectors. Radiography equipment is used for inspection activities in power plants. At power plant sites, radiography equipment is used mainly for quality check and inspection of storage vessels, turbine parts, compressors, and plant infrastructure. Growing demand for power from developing countries like China, India, and Brazil has resulted in increased construction of multiple new power plants. As a result, the demand for industrial radiography equipment has increased, as the equipment used in these power plants requires stringent testing to maintain high quality and efficiency standards.

The demand for industrial radiography equipment is growing due to the need to minimize radiation exposure. Digital radiography equipment helps industries achieve regulatory standards by complying with stringent inspection legislations. During 2015, the Americas dominated the global industrial radiography equipment market by accounting for almost 38% of the total market share. The growing need for improved and rapid imaging methods and the replacement of old computed radiography and digital radiography systems are factors driving growth in the industrial radiography equipment market in the Americas during the forecast period. Order a copy of Global Industrial Radiography Equipment Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=620608

The digital radiography segment accounts for almost 71% of the overall market space to become the dominant shareholder in the global industrial radiography equipment market. In digital radiography, the inspection is computer-aided, which ensures accurate results, consistent image quality, less radiation level, and low per image cost. Advances in technology, such as dual-energy subtraction, are expected to fuel growth in the digital industrial radiography equipment market in the coming years.

The following companies are the key players in the global industrial radiography equipment market: 3DX-RAY, Anritsu, Bosello High Technology, COMET (YXLON), GE Measurement & Control, Mettler-Toledo International, Nikon, North Star Imaging, and VJ.

This report covers the present scenario and the growth prospects of the global industrial radiography equipment market for 2016-2020. To calculate the market size, the report considers revenue generated from sales of the following equipment:

  • Film-based radiography equipment
  • Digital radiography equipment (direct radiography, computed radiography, computed tomography)
  • Associated software
  • Component sales for radiography equipment
  • After-sales services

Global Industrial Radiography Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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