Non-Destructive Testing (NDT) And Inspection Global Market Opportunities And Strategies To 2032

Description

“Non-Destructive Testing (NDT) And Inspection Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on non-destructive testing (ndt) and inspection market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for non-destructive testing (ndt) and inspection? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The non-destructive testing (ndt) and inspection market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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

Companies Mentioned: MISTRAS Group; Acuren Inspection Inc; YXLON International; Fprimec Solutions Inc; Baker Hughes

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the non-destructive testing (NDT) and inspection market are: 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 global non-destructive testing (NDT) and inspection market 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 is expected to grow to $12.4 billion in 2027 at a CAGR of 6.9%.

The non-destructive testing (NDT) market includes revenues earned by entities by providing services such as visual NDT (VT), ultrasonic NDT (UT), radiography NDT (RT), eddy current NDT (ET), magnetic particle NDT (MT), acoustic emission NDT (AE), dye penetrant NDT (PT), and leak testing (LT). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Non-destructive testing (NDT) is the method of examining, testing, or assessing products, parts, or assemblies for discontinuities or discrepancies in functionality without sacrificing the part's or system's serviceability. NDT techniques are used in production lines, on-site inspections, and fabrication units to maintain product reliability, manufacturing process, uniform quality level, and attain lower product costs.

North America was the largest region in the NDT and inspection market in 2022. The regions covered in the NDT and inspection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main techniques of non-destructive testing (NDT) and inspection include magnetic particle testing, ultrasonic testing, visual testing, liquid penetrant testing, eddy-current testing, radiographic testing, acoustic emission testing, and others. Ultrasonic testing (UT) is a non-destructive test procedure for detecting cracks and defects in parts and components using sound waves. The methods used in NDT inspection include visual inspection, surface inspection, volumetric inspection, and others. These services are used by manufacturing, oil & gas, aerospace, public infrastructure, automotive, power generation, and other verticals.

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. For instance, according to The International Institute for Environment and Development, the world's urban population increased to 4.4 billion in 2020 . The high-pace manufacturing industries including the aerospace sector, are investing in NDT and inspection services for frequent quality inspections, detection of infrastructure failures, and others. The companies are also collaborating with NDT service providers to carry out training in order to maintain production efficiency by providing high quality training and education. For instance, in October 2020, Hellier NDT and Olympus extend collaboration to train future NDT inspectors. Olympus, a leading manufacturer of nondestructive testing (NDT) solutions, has provided advanced NDT inspection equipment to Hellier in Texas, US location. By this collaboration, OmniScanTM X3 phased array flaw detector with FMC/TFM and other Olympus instruments will be used to train next generation of ultrasonic testers. Therefore, the rapid growth in industrialization and urbanization across the globe propels the growth of the NDT and inspection market.

Technological advancement is a key trend shaping the NDT and inspection market. Major companies operating in the NDT and inspection field are focused on developing technological solutions for NDT and inspection to strengthen their position. For instance, in April 2022, VCxray Inspection Service, a NDT division of VisiConsult, a specialist in industrial X-ray technology, launched x.OS, an X-ray operating system used for non-destructive testing (NDT). It is an innovative software solution for industrial X-ray inspection.

In November 2021, Acuren, a US-based provider of nondestructive testing, inspection and engineering services for industries acquired Premium Inspection and Testing Group for an undisclosed amount. The combination provide Premium will have new service capabilities, such as rope access-based industrial solutions (hard and soft trades), materials engineering and testing, reliability engineering (rotating equipment). Premium Inspection and Testing Group is a US-based company involved in offering a range non-destructive testing and inspection services.

The countries covered in the non-destructive testing (NDT) and inspection market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The NDT and inspection market research report is one of a series of new reports from The Business Research Company that provides NDT and inspection market statistics, including NDT and inspection industry global market size, regional shares, competitors with an NDT and inspection market share, detailed NDT and inspection market segments, market trends and opportunities, and any further data you may need to thrive in the NDT and inspection industry. This NDT and inspection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r4245

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

4.1 COVID-19 Impact On Non-Destructive Testing (NDT) And Inspection Market
4.2 Ukraine-Russia War Impact On Non-Destructive Testing (NDT) And Inspection Market
4.3 Impact Of High Inflation On Non-Destructive Testing (NDT) And Inspection Market

5. Non-Destructive Testing (NDT) And Inspection Market Size And Growth

5.1. Global Non-Destructive Testing (NDT) And Inspection Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Non-Destructive Testing (NDT) And Inspection Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Non-Destructive Testing (NDT) And Inspection Market Segmentation

6.1. Global Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Magnetic Particle Testing
Ultrasonic Testing
Visual Testing
Liquid Penetrant Testing
Eddy-Current Testing
Radiographic Testing
Acoustic Emission Testing
Other Techniques
6.2. Global Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Method, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Visual Inspection
Surface Inspection
Volumetric Inspection
Other Methods
6.3. Global Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Manufacturing
Oil and Gas
Aerospace
Public Infrastructure
Automotive
Power Generation
Other Verticals

7. Non-Destructive Testing (NDT) And Inspection Market Regional And Country Analysis

7.1. Global Non-Destructive Testing (NDT) And Inspection Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Non-Destructive Testing (NDT) And Inspection Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Non-Destructive Testing (NDT) And Inspection Market

8.1. Asia-Pacific Non-Destructive Testing (NDT) And Inspection Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Non-Destructive Testing (NDT) And Inspection Market

9.1. China Non-Destructive Testing (NDT) And Inspection Market Overview
9.2. China Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Non-Destructive Testing (NDT) And Inspection Market

10.1. India Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Non-Destructive Testing (NDT) And Inspection Market

11.1. Japan Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Non-Destructive Testing (NDT) And Inspection Market

12.1. Australia Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Non-Destructive Testing (NDT) And Inspection Market

13.1. Indonesia Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Non-Destructive Testing (NDT) And Inspection Market

14.1. South Korea Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Non-Destructive Testing (NDT) And Inspection Market

15.1. Western Europe Non-Destructive Testing (NDT) And Inspection Market Overview
15.2. Western Europe Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Non-Destructive Testing (NDT) And Inspection Market

16.1. UK Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Non-Destructive Testing (NDT) And Inspection Market

17.1. Germany Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Non-Destructive Testing (NDT) And Inspection Market

18.1. France Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Non-Destructive Testing (NDT) And Inspection Market

19.1. Eastern Europe Non-Destructive Testing (NDT) And Inspection Market Overview
19.2. Eastern Europe Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Non-Destructive Testing (NDT) And Inspection Market

20.1. Russia Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Non-Destructive Testing (NDT) And Inspection Market

21.1. North America Non-Destructive Testing (NDT) And Inspection Market Overview
21.2. North America Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Non-Destructive Testing (NDT) And Inspection Market

22.1. USA Non-Destructive Testing (NDT) And Inspection Market Overview
22.2. USA Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Non-Destructive Testing (NDT) And Inspection Market

23.1. South America Non-Destructive Testing (NDT) And Inspection Market Overview
23.2. South America Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Non-Destructive Testing (NDT) And Inspection Market

24.1. Brazil Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Non-Destructive Testing (NDT) And Inspection Market

25.1. Middle East Non-Destructive Testing (NDT) And Inspection Market Overview
25.2. Middle East Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Non-Destructive Testing (NDT) And Inspection Market

26.1. Africa Non-Destructive Testing (NDT) And Inspection Market Overview
26.2. Africa Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Non-Destructive Testing (NDT) And Inspection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Non-Destructive Testing (NDT) And Inspection Market Competitive Landscape And Company Profiles

27.1. Non-Destructive Testing (NDT) And Inspection Market Competitive Landscape
27.2. Non-Destructive Testing (NDT) And Inspection Market Company Profiles
- 27.2.1. MISTRAS Group
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Acuren Inspection Inc
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. YXLON International
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. Fprimec Solutions Inc
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Baker Hughes
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

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

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer