Penetrant Testing Equipment Market, Global Outlook and Forecast 2023-2029

Dye penetrant inspection (DP), also called liquid penetrate inspection (LPI) or penetrant testing (PT), is a widely applied and low-cost inspection method used to check surface-breaking defects in all non-porous materials (metals, plastics, or ceramics). The penetrant may be applied to all non-ferrous materials and ferrous materials, although for ferrous components magnetic-particle inspection is often used instead for its subsurface detection capability. LPI is used to detect casting, forging and welding surface defects such as hairline cracks, surface porosity, leaks in new products, and fatigue cracks on in-service components. This report focus on Penetrant Testing Equipment market.

This report aims to provide a comprehensive presentation of the global market for Penetrant Testing Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Penetrant Testing Equipment. This report contains market size and forecasts of Penetrant Testing Equipment in global, including the following market information:
Global Penetrant Testing Equipment Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Penetrant Testing Equipment Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Penetrant Testing Equipment companies in 2022 (%)
The global Penetrant Testing Equipment market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Portable Equipment Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Penetrant Testing Equipment include Magnaflux Corporation, Matrix, CORELEC Equipements, General Electric and Shanghai Cidong Flaw Detection, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Penetrant Testing Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Penetrant Testing Equipment Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Penetrant Testing Equipment Market Segment Percentages, by Type, 2022 (%)
    Portable Equipment
    Mobile Equipment
    Stationary
Global Penetrant Testing Equipment Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Penetrant Testing Equipment Market Segment Percentages, by Application, 2022 (%)
    Transportation
    Aerospace
    Chemical and Petrochemical Industry
    Manufacturing Industry
    Medical Industry
    Infrastructure Industry
    Others
Global Penetrant Testing Equipment Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Penetrant Testing Equipment Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Penetrant Testing Equipment revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Penetrant Testing Equipment revenues share in global market, 2022 (%)
Key companies Penetrant Testing Equipment sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Penetrant Testing Equipment sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Magnaflux Corporation
    Matrix
    CORELEC Equipements
    General Electric
    Shanghai Cidong Flaw Detection
Outline of Major Chapters:
Chapter 1: Introduces the definition of Penetrant Testing Equipment, market overview.
Chapter 2: Global Penetrant Testing Equipment market size in revenue and volume.
Chapter 3: Detailed analysis of Penetrant Testing Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Penetrant Testing Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Penetrant Testing Equipment capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.