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Non-Destructive Testing (NDT) And Inspection Market: Trends, Share, Size, Key Profiles, In-Depth Analysis And Forecast To 2032
Non-Destructive Testing (NDT) And Inspection Market
Non-Destructive Testing (NDT) And Inspection Market Size, Growth Rate, And Forecast
The global non-destructive testing (NDT) and inspection market size grew from $8.45 billion in 2022 to $9.49 billion in 2023, at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The non-destructive testing (NDT) and inspection market size is expected to grow to $12.4 billion in 2027 at a CAGR of 6.9%.
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Non-Destructive Testing (NDT) And Inspection Market Drivers
Rapid growth in industrialization and urbanization across the globe is expected to propel the growth of the NDT and inspection market in the coming years.
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Non-Destructive Testing (NDT) And Inspection Market Segments
1) By Technique: Magnetic Particle Testing, Ultrasonic Testing, Visual Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, Acoustic Emission Testing, Other Techniques
2) By Method: Visual Inspection, Surface Inspection, Volumetric Inspection, Other Methods
3) By Vertical: Manufacturing, Oil and Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Non-Destructive Testing (NDT) And Inspection Market.
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Non-Destructive Testing (NDT) And Inspection Market Key Players
Major competitors in the Non-Destructive Testing (NDT) And Inspection Market include MISTRAS Group, Acuren Inspection Inc., YXLON International, Fprimec Solutions Inc., Baker Hughes, Applied Technical Services, TEAM Inc., SGS Group, Applus Services, Bureau Veritas S.A., and Intertek Group plc
The Business Research Company's "Global Non-Destructive Testing (NDT) And Inspection Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Non-Destructive Testing (NDT) And Inspection Market Include:
1. Executive Summary
2. Non-Destructive Testing (NDT) And Inspection Market Characteristics
3. Non-Destructive Testing (NDT) And Inspection Market Trends And Strategies
4. Non-Destructive Testing (NDT) And Inspection Market - Macro Economic Scenario
5. Non-Destructive Testing (NDT) And Inspection Market Size And Growth
.....
26. Africa Non-Destructive Testing (NDT) And Inspection Market
27. Non-Destructive Testing (NDT) And Inspection Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Non-Destructive Testing (NDT) And Inspection Market
29. Non-Destructive Testing (NDT) And Inspection Market Future Outlook and Potential Analysis
30. Appendix
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