Press release
The Future of the NDT and Inspection Industry, Market Growth, and Research Report Breakdown
According to a research report "NDT and Inspection Market with COVID-19 Impact by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets, the global NDT and inspection market size is estimated to grow from USD 8.4 billion in 2020 to USD 11.7 billion by 2025, growing at a CAGR of 7.0%. Stringent government regulations regarding public safety & product quality and continuous advances in electronics, automation, and robotics are among a few major factors driving the NDT and inspection markets growth. Moreover, the high adoption of IoT devices and rising need to assess aging assets health also propel the growth of the NDT and inspection market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=882
The ultrasonic testing (UT) technique to hold the largest share of the NDT and inspection market in 2019
Ultrasonic testing (UT) is expected to account for the largest share of NDT and inspection market in 2019. It is the most widely used NDT technique due to its ability to identify defects and accurately determine their severity. Some advanced techniques such as ultrasonic immersion testing and guided-wave ultrasonic testing can also be used for applications especially in the oil & gas and aerospace industries. Ultrasonic testing has evolved significantly over the last few decades and is the most important NDT technique for identifying and quantifying surface and subsurface defects. Ultrasonic NDT inspection can be conducted by using a wide range of methods, a few of which are manual and cost-effective, while others need advanced automated equipment for determining faults in critical applications. This technique can also be deployed to inspect objects that are not easily accessible through direct contact, such as inspecting the piping system buried under the earths surface.
The market for the oil & gas vertical to hold the largest share of the NDT and inspection market in 2019
The oil and gas segment accounted for the largest size of the NDT and inspection market in 2019. The growth of this segment can be attributed to the increased use of NDT and inspection techniques to ensure that pipes, containers, and valves in oil and gas plants are functioning safely. They are also used for detecting leaks in oil and gas pipelines, identifying equipment operating beyond their normal temperature range, monitoring processes to protect water quality and air quality in oil and gas plants, and ensuring compliance with pollution control standards.
NDT and Inspection Market in APAC to grow at the highest CAGR during forecast period
Asia Pacific is expected to be the fastest-growing region in the NDT and inspection market due to the rapid infrastructural development and automation adoption in manufacturing industries in countries such as India and China. Countries in Asia Pacific are involved in the manufacturing of defense aircraft, which is expected to increase NDT and inspection equipment and services in the defense & aerospace industry. Many infrastructural development projects are under construction and scheduled to be constructed in the region during the forecast period. The demand for automobiles is estimated to grow substantially by 2025.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=882
General Electric (US), Olympus Corporation (Japan), MISTRAS Group (US), Nikon Metrology (Belgium), and Ashtead Technology (Scotland), YXLON International (Germany), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology Srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmBH (Germany), Acuren (US), and LynX Inspection (Canada) are the key players in the market.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Future of the NDT and Inspection Industry, Market Growth, and Research Report Breakdown here
News-ID: 2618266 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for NDT
Seamless Digital RT Workflow with DRIVE NDT and D-Tect X from DÜRR NDT
For an optimal digital workflow in radiographic testing (RT), the X-ray inspection software D-Tect X can be integrated with the NDT management software DRIVE NDT. The closely meshed interaction between DRIVE NDT and D-Tect X means that a large part of the process takes place automatically. This not only saves time, but the automatic exchange of data also minimizes the possibility of human error. As all the steps and processes…
Rapid CUI Inspection with the DRA 3543 NDT Flat Panel Detector from DÜRR NDT
NDE Solutions Pty Ltd, located in Adelaide, South Australia with a team of over 60 employees provides non-destructive testing and inspection solutions to the oil and gas, defence, power, and mining industries.
NDE Solutions has been using the DÜRR NDT DRA 3543 digital flat panel since 2021 in combination with Iridium-192 radiation sources to perform Corrosion-Under-Insulation (CUI) radiography for confirming pipe wall loss in oil and gas plants and refineries. The…
DRIVE NDT enables DEKRA to increase its efficiency with digital NDT workflow man …
DEKRA has approximately 48,000 employees and ranks as one of the foremost testing companies worldwide. A pioneering team is introducing the innovative DRIVE NDT to organize non-destructive testing and its peripheral processes at the BAYERNOIL site in Neustadt.
Digital processes are firmly embedded in all industrial fields these days. The resulting advantages are clearly seen by all companies and industries and their potential is also increasingly recognized for non-destructive testing. Benjamin…
Corrosion-Under-Insulation Inspection Made Easy with the CR 35 NDT from DÜRR ND …
Stork Technical Services, located in Kwinana, Western Australia with a team of over 30 employees provides asset integrity and fabric maintenance services to the oil and gas, chemical, power and mining industries.
Stork Technical Services has been using the CR 35 NDT Computed Radiography scanner since 2019 and uses it with Iridium-192 in combination with high-sensitivity white imaging plates to perform Corrosion-Under-Insulation (CUI) radiography and digital gap shots which are…
Applus+ Entrusts DRIVE NDT with Digitization of NDT Workflow
Applus+ Germany is one of the largest providers of non-destructive testing (NDT) services in Germany and with more than 20,000 employees in over 70 countries is one of the largest companies in the industry worldwide.
In order to cement its leading position over the longer term, Applus+ is investing in future technologies. One of the key challenges of the future is the digitalization of all NDT processes. "A key promise is…
HD-CR 35 NDT from DÜRR NDT Increases Efficiency of Oil & Gas RT Inspection Task …
ENOD S.R.L is an NDT service company based in Buenos Aires, serving the energy sector in Argentina since August 1980.
ENOD is one of the largest service providers in Argentina, offering a wide range of inspection methods to fit their customers' needs. They have largely invested in the latest technologies to be one of the pioneers in their local market. A few years ago, they stepped into digital radiography to replace…