Press release
Non-Destructive Testing (NDT) Equipment Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028
The global non-destructive testing equipment market is expected to reach US$ 14.5 billion by 2028; growing at a CAGR of 7.2% from
Evolution in industrialization and demand for flawless or impeccable products in industries and other sectors globally aids in driving the market for Non-Destructive Testing (NDT) Equipment. Technological progression in sensors, IOT and 3-D techniques for flaws detection owing to rising demand for precise product, regulations by government to enforce workforce safety and improving the quality control augments to prompt the market growth worldwide. Past evidences such as leak in nuclear plants, pipeline explosion and others have raised the demand for the NDT and its services for the inspection of such industries or buildings. Incessant data tracking, advanced data simulation based on real time IOT services creates the opportunity in the market. In the upcoming years, sectors such as construction and manufacturing services will expand globally which aims to use the more advanced materials creating the urge for the market growth of NDT equipment. However, dearth of skilled persons results in limited growth of the market.
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Geographically, North America anticipates the highest share in the market owing to numerous oil & gas and energy and power plant industries and increasing demand for more NDT equipment in the recent years for the extraction of shale oil and installation of nuclear plants. Asia- Pacific region is highly lucrative market owing to booming demand in power sector across countries such as China, India, Japan, South Korea. In Australian region, the demand for NDT equipment has outshone owing to non- residential building construction activities.
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Prominent competitor inducing the Non-Destructive Testing (NDT) Market include, among others
• General Electric,
• Olympus Corporation,
• MISTRAS Group,
• Nikon Metrology,
• Ashtead Technology,
• YXLON International,
• Sonatest, Zetec Inc,
• T.D, Williamson Inc,
• Bosello High Technology,
• Eddyfi, Magnaflux,
• Fischer Technology,
• Cygnus Instruments Ltd,
• NDT Global GmbH,
• Acuren, LynX Inspection
Non-Destructive Testing (NDT) Equipment Segmentation:
• By Technique
• Ultrasonic Testing
• Straight beam testing
• Angle beam testing
• Immersion ultrasound testing
• Phased array testing
• Time-of-flight diffraction testing
• Guided wave testing
• Visual Testing
• General Visual Inspection
• Aided Visual Inspection
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Eddy-Current Testing
• alternating current field measurement (ACFM)
• Remote field testing (RFT)
• Eddy-current arrays (ECA).
• Radiographic Testing
• X-ray Testing
• Gamma Ray Testing
• Computed Radiography
• Film Radiography
• Direct Radiography
• Acoustic Emission Testing
• Others
• Terahertz imaging
• Near-Infrared Spectroscopy
• By Method
• Visual Inspection
• Surface Inspection
• Volumetric Inspection
• Others
• By Services
• Inspection Services
• Ultrasonic Inspection
• Radiographic Inspection
• Visual Inspection
• Magnetic Particle Inspection
• Advanced Eddy-Current Inspection
• Liquid Penetrant Inspection
• Training Services
• Equipment Rental Services
• Calibration services
• By Vertical
• Manufacturing
• Oil & Gas
• Aerospace
• Public Infrastructure
• Automotive
• Power Generation
• Others
• Marine
• Medical and Health
• Plastics and Polymers
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We at Accurize Market Research provide syndicated as well as customized reports across domains namely Consumer Goods, Food & Beverages, Manufacturing, Medical Devices, Mining Equipment, Automation, Manufacturing, Healthcare & Medical, and Defense & Aerospace, Semiconductor & Electronics, Construction, Information and Communication, Construction, Banking, Financial Services and Insurance (BFSI), and Energy among others. These industry vertical areas are further studied and analyzed across different geographies namely North America, Europe, Asia Pacific and Rest of the World (RoW). The countries across these major geographies are also covered under the scope of our study; such as the U.S., Mexico and Canada under North America; UK, Germany, Russia, Germany and France among others under Europe. Similarly, China, India, Taiwan, South Korea, Australia, Singapore and Japan among others are covered under Asia Pacific. Rest of the World (RoW) includes South & Central America, Middle East and Africa. Further, as per the scope countries across South & Central America, Middle East and Africa would also be studied separately under the scope of the report.
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