Press release
Non Destructive Testing Services Market Analysis, Trends and Dynamic Demand by Forecast 2017 to 2032
Non Destructive Testing Services Market Size was valued at USD 8.5billion in 2021. The non-destructive testing (NDT) services market industry is projected to grow from USD 9.6 billion in 2022 to USD 23.4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.50% during the forecast period (2022 - 2030).Non-destructive testing (NDT) and inspection is the process of examining components and materials for variations in characteristics without compromising the system's usability. NDT can be carried out on equipment that is already in use as well as during and after production. Non-destructive testing and inspection systems have advantages such as improved product reliability, the capacity to spot problem areas before they fail, thorough testing, accident prevention, reduced downtime, and reduced waste. Surface inspection, volumetric inspection, and visual inspection are non-destructive testing and inspection techniques. They are divided into four categories based on the services they provide: training, calibration, inspection, and equipment rental. Radiographic testing, liquid penetrant testing, eddy current testing, visual testing, magnetic particle testing, and ultrasonic testing are some of the techniques used in NDT and inspection.
Market Trends
The non-destructive testing (NDT) services approach combines R&D strategies, instruction, and service-based supply networks utilised in the oil and gas, automotive, and power industries. The oil and gas sector employs this method to examine the interior and external corrosion of oil and gas pipelines. There are several types of inspection, including visual, liquid penetrant, magnetic particle, and ultrasonic. Non-destructive testing, or NDT, is used in the power sector to inspect steam and gas turbines as well as pressure systems. This method is employed in nuclear power reactors to inspect waste containers, tiny valves, fuel rods, and waste management equipment. The market for non-destructive testing (NDT) services is being driven by an increase in demand for destructive testing NDT methods in the oil, gas, and power industries.
Moreover, more advanced non-destructive testing NDT technology can simplify inspections of pipelines, valves, welds, pressure, and storage tanks at all production cycle stages, increasing operational effectiveness and dependability. Instrumentation, probes, and software developments have allowed these improved NDT systems to inspect precisely and quickly. For instance, Novo Sound will introduce its new Kelpie, Belenus, and Nebula advanced non-destructive testing NDT product lines in October 2020. In order to decrease downtime in the energy, oil and gas, aerospace, and renewables industries, these solutions are designed to make non-destructive testing NDT inspections simpler and more effective. driving the revenue of the non-destructive testing (NDT) services market.
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Global Non Destructive Testing Services Market: Segmentations
Global Non Destructive Testing Services Market: Major Players
Olympus Corporation
Fujifilm Corporation
SGS Group
Bureau Veritas S.A.
Nikon Metrology NV
Yxlon International Gmbh (Comet Holding Ag)
TÜV Rheinland AG
Applus Services
Mistras Group, Inc.
GE Measurement & Control Solutions
Magnaflux Corp.
Intertek Group Plc.
Team Inc
Global Non Destructive Testing Services Market: By Types
Ultrasonic Testing
Radiography Testing
Magnetic Particle Testing
Liquid Penetrant Testing
Others
Global Non Destructive Testing Services Market: By Applications
Oil & Gas
Power & Energy
Construction
Automotive & Transportation
Aerospace
Defense
Others
Global Non Destructive Testing Services Market: Regional Analysis
The countries covered in the regional analysis of the Global Non Destructive Testing Services market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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• neutral view on the state of the market
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Frequently Asked Questions About This Report
• How big is the non-destructive testing market?
• What is the non-destructive testing market growth?
• Which offering segment led the non-destructive testing market?
• Which test method dominated the non-destructive testing market?
• Which vertical accounted for the highest share in the global non-destructive testing market?
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