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NDT Services Market Analysis, Trends, Growth, Research And Forecast 2032
NDT Services Market
NDT Services Market Size, Growth Rate, And Forecast
The global NDT services market size is expected to grow from $13.35 billion in 2022 to $14.74 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. 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 NDT services market is expected to grow to $21.45 billion in 2027 at a CAGR of 9.8%.
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NDT Services Market Drivers
An increase in the use of renewable energy resources is expected to propel the growth of the NDT services market going forward. Renewable energy refers to the energy that comes from natural sources that regenerate themselves more quickly than they are used up. Non-destructive testing is used in the production of renewable energy sources, such as the testing of wind turbines using ultrasonic waves.
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NDT Services Market Segments
• By Type: Inspection Services, Equipment Rental Services, Training Services, Calibration Services
• By Testing Technique Model: Visual Inspection, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission, Terahertz Imaging
• By Vertical Type: Manufacturing, Oil and Gas, Aerospace, Government Infrastructure and Public Safety, 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 NDT services market.
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NDT Services Market Key Players
Major competitors in the NDT services market include Mistras Group Inc., Olympus Corporation, Nikon Metrology, TUV Rheinland, Intertek, TEAM industrial services, GE Oil & Gas Digital Solutions, Ashtead Technology, Zetec Inc.
The Business Research Company's "Global NDT Services 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 NDT Services Market Include:
1. Executive Summary
2. NDT Services Market Characteristics
3. NDT Services Market Trends And Strategies
4. NDT Services Market - Macro Economic Scenario
5. NDT Services Market Size And Growth
……
26. Africa NDT Services Market
27. NDT Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The NDT Services Market
29. NDT Services Market Future Outlook and Potential Analysis
30. Appendix
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