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0.000229990800367939 -0.000844066237350581 -0.00137994480220796 -0.00241490340386394 -0.00218491260349583 -0.000689972401103982 -0.00632474701011956 -0.00735970561177554
Stock impact report

Ultrasonic Testing Market worth $4.60 billion by 2029 - Exclusive Report by MarketsandMarkets™ [Yahoo! Finance]

Baker Hughes Company (BKR) 
Company Research Source: Yahoo! Finance
is driven by the rising adoption of portable array ultrasonic testing equipment, which has replaced conventional film radiography in multiple industries due to its safety and efficiency. The Asia Pacific region is expected to have the highest CAGR during the forecast period, driven by rapid infrastructure growth and rising automotive production. Bond testers are projected to have the highest CAGR, while time-of-flight diffraction has the second-largest market share. Key players in the market include Baker Hughes Company, EVIDENT, Eddyfi, and Sonatest, among others. Nov. 26, 2024 /PRNewswire/ -- The ultrasonic testing market is expected to reach USD 4.60 billion by 2029 from USD 2.92 billion in 2024, at a CAGR of 9.5% during the 2024 - 2029 period according to a new report by MarketsandMarkets™. The major factor driving the ultrasonic testing market growth includes the rising adoption of portable array ultrasonic testing equipment. The rising adoption of PAUT equipment has replaced c Show less Read more
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