Press release
NDT and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Terahertz Imaging, Acoustic Emission), Method, Service, Application, Vertical and Region-Global Forecast, 2028
NDT and Inspection market
Key Market Players
General Electric (US), MISTRAS Group (US), Olympus Corporation (Japan), Ashtead Technology (Scotland), Nikon Metrology NV (US) are among the major players in the NDT and Inspection market.
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The global power generation industry is expected to witness the increased adoption of NDT and inspection services. NDT techniques are used in the power industry to inspect pressure systems and steam and gas turbines. The NDT techniques in nuclear power plants are used to inspect rods, small valves, waste containers, and waste management infrastructure. So, this factor creates an opportunity for the growth of the NDT and Inspection market.
Factors such as rising demand from the aerospace sector for maintaining a higher standard of material, structure, and strength, along with widening application lists, including finding cracks, flaws, and leaks, will boost the non-destructive testing (NDT) market growth. Additionally, rising demand from various sectors, including oil & gas, automotive, and power, will increase the footprint of the market. Also, increasing awareness regarding improving operational efficiency & reliability will drive the growth of the market.
Key Takeways From Market Study Report:
• Public Infrastructure segment to hold significant market share throughout the forecast period
• Training Service segment to witness highest CAGR among all NDT and Inspection services market between 2023 and 2028
• Mexico likely to witness highest growth rate for NDT and Inspection Market in North America during the forecast period
• Increasing demand for artificial intelligence in NDT and Inspection
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This research report categorizes the NDT and Inspection market by technique, method, services, application, vertical, and region
Aspect Details
Based on the Technique:
• Visual Testing (VT)
• Magnetic Particle Testing (MPT)
• Liquid Penetrant Testing (LPT)
• Eddy-current Testing (ECT)
• Ultrasonic Testing (UT)
• Radiographic Testing (RT)
• Acoustic Emission Testing (AET)
• Others (Terahertz Imaging and Near-infrared Spectroscopy (NIRS))
Based on Method:
• Visual Inspection
• Surface Inspection
• Volumetric Inspection
Based on Service:
• Inspection Services
• Training Services
• Calibration Services
• Equipment rental Services
Based on Application:
• Flaw Detection
• Dimensional Measurement
• Chemical Composition Determination
• Stress and Structure Analysis
• Physical Properties Estimation
• Leak Detection
• Weld Verification
• Others (Case Depth Determination, Mechanical Testing, Metallurgical Investigation)
Based on Vertical:
• Manufacturing
• Oil & Gas
• Power Generation
• Aerospace
• Automotive
• Public Infrastructure
• Others (Plastic and Polymers, Medical and Health, and Marine)
Based on the Region:
• North America
• Europe
• Asia Pacific
• RoW (South America, Africa, Middle East)
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Frequently Asked Questions (FAQs):
Who are the key players in NDT and Inspection market? What are the major growth strategies adopted by major players to strengthen their position in the market?
What are the new opportunities for emerging players in NDT and Inspection market?
What new technologies in the NDT and Inspection market offer higher growth potential?
Which region to offer lucrative growth for NDT and Inspection market by 2028?
What are the key factors driving the growth of the NDT and Inspection market?
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