Press release
2025 NDT Services Market Outlook: Key Indicators Shaping Growth Through 2034
NDT Services
What Will the NDT Services Industry Market Size Be by 2025?
In the past few years, the size of the NDT services market has seen a swift increase. The market, worth $16.3 billion in 2024, is projected to soar to $17.99 billion in 2025 with a compound annual growth rate (CAGR) of 10.4%. The notable rise during the historic era can be linked to various factors including developments in infrastructure and skills, environmental anxieties, and industrial cyclical patterns.
What's the Long-Term Growth Forecast for the NDT Services Market Size Through 2029?
The market for NDT services is anticipated to witness robust expansion in the upcoming years, reaching a value of $26.12 billion in 2029, with a 9.8% compound annual growth rate (CAGR). The uptick during the forecast period can be associated with the growth of the aerospace sector, augmenting renewable energy, assurance of safety and quality, digital transformation, and integration of Industry 4.0, as well as cost-effective solutions. Relevant trends in the forthcoming period involve market consolidation, emphasis on asset management, and necessities for quality assurance.
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What Are the Key Growth Drivers Fueling the NDT Services Market Expansion?
The surge in the consumption of renewable energy sources is predicted to stimulate the expansion of the NDT services market. Renewable energy, which is derived from naturally replenishing sources, is used faster than it can be produced. Non-destructive testing plays a significant role in the manufacture of these energy sources, like the examination of wind turbines using ultrasound waves. For example, Invest India, the National Investment Promotion and Facilitation Agency, reported in 2022 that India experienced the most substantial annual growth in added renewable energy with a rate of 9.83%. Hence, the growing utilization of renewable energy resources is fueling the growth of the NDT services market.
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What Are the Key Trends Driving NDT Services Market Growth?
Emerging technologies are leading the way as a significant trend in the NDT services market, and major firms operating in this space are focused on technological innovation to secure their market standing. For example, in October 2022, ICR Integrity, a UK-based NDT services firm, introduced a novel NDT method, INSONO, for the examination of composite repairs on metallic parts. The technology was designed to confirm the condition and reliability of composite repairs, offering operators confidence in their continued performance and application. It is also capable of identifying flaws in the composite material and reductions in the steel substrate.
How Is the NDT Services Market Segmented?
The NDT services market covered in this report is segmented -
1) By Type: Inspection Services, Equipment Rental Services, Training Services, Calibration Services
2) By Testing Technique Model: Visual Inspection, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission, Terahertz Imaging
3) By Vertical Type: Manufacturing, Oil And Gas, Aerospace, Government Infrastructure And Public Safety, Automotive, Power Generation, Other Verticals
Subsegments:
1) By Inspection Services: Visual Inspection, Ultrasonic Testing, Radiographic Testing, Magnetic Particle Testing, Eddy Current Testing
2) By Equipment Rental Services: NDT Inspection Equipment Rental, Calibration Equipment Rental
3) By Training Services: NDT Certification Training, In-House Training Programs, Online Training Courses
4) By Calibration Services: Instrument Calibration, On-Site Calibration, Laboratory Calibration
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Which Companies Are Leading the Charge in NDT Services Market Innovation?
Major companies operating in the NDT services market are Mistras Group Inc., Olympus Corporation, Nikon Metrology NV, TÜV Rheinland Group, Intertek Group PLC, TEAM Inc., General Electric Company, Ashtead Technology Ltd., Zetec Inc., Yxlon international GMBH, ALS Limited, Applus+, Bureau Veritas SA, Dekra SE, Fischer Technologies Inc., Previan Technologies, SGS SA, Det Norske Veritas, Registro Italiano Navale, NDT Global Limited, NDT Kit Inc., NDT Systems Inc., Sonatest PLC, Eddyfi Technologies Inc., HMT Inspection Inc., NDT Solutions Inc., Carl Zeiss Industrial Metrology GmbH, American Bureau of Shipping, Lloyd's Register, NDT Services Limited
Which Regions Are Leading the Global NDT Services Market in Revenue?
North America was the largest region in the NDT services market share in 2024. The regions covered in the NDT services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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