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Non-Destructive Testing Equipment Market

Non-Destructive Testing Equipment Market Size, Share & Trends Analysis Report

Non-Destructive Testing Equipment Market Size, Share, Companies & Trends Analysis Report By Technology (Ultrasonic Testing, Magnetic Particle Testing, Radiography Testing, Electromagnetic Testing, Visual Testing, Others) By End-Use Industry (Oil & Gas, Power Generation, Automotive, Aerospace And Defense, Manufacturing, Others) Based On Region And Segment Forecasts, 2022 - 2028

Published
Report ID : BMRC 387
Number of pages : 300
Published Date : Nov 2022
Category : Healthcare
Delivery Timeline : 48 hrs
Single User : $3250

Corporate User : $7999

The Global Non-Destructive Testing Equipment Market is valued at USD 2162.7 Million in 2021 and is expected to reach USD 3541.6 Million by 2028 with a CAGR of 7.3% over the forecast period.

The non-destructive testing equipment market is segmented on the basis of technology, end-use industry, and region & country level. On the basis of technology, it is divided into ultrasonic testing, magnetic particle testing, radiography testing, electromagnetic testing, visual testing, and others. By end-use industry, the non-destructive testing equipment market is classified into oil & gas, power generation, automotive, aerospace and defense, manufacturing, and others.

Market Analysis of Non-Destructive Testing Equipment:-

Non-destructive testing (NDT) is an analysis technique used by engineers to detect defects in materials and structures, either during manufacturing or while in service without harming the object. Non-destructive testing (NDT) is done by several methods like visual inspection, ultrasonic, dye penetrant, acoustic emission, electromagnetic, radiography, and magnetic particle. For non-destructive testing of materials and structures, testing equipment is needed. Non-destructive testing equipment is made up for quality control of materials and structures, while they are used to detect the defects caused by stress, wear, fatigue, corrosion, and other factors, which are used in manufacturing, fabrication and service industries.

The regions covered in this Non-Destructive Testing Equipment Market report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, the market of non-destructive testing equipment market is subdivided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Non-Destructive Testing Equipment Manufacturers:

Global Non-Destructive Testing Equipment Market report covers prominent players like

  • Mistras Group
  • SGS Group
  • Olympus Corporation
  • Bureau Veritas S.A.
  • GE Inspection Technologies
  • YXLON International
  • Nikon Metrology
  • Eddyfi
  • Sonatest Ltd.
  • Magnaflux Corporation
  • Zetec Inc.
  • others.

Non-Destructive Testing Equipment Market Segmentation:

By Technology

  • Ultrasonic Testing
  • Magnetic Particle Testing
  • Radiography Testing
  • Electromagnetic Testing
  • Visual Testing
  • Others

By End-Use Industry:

  • Oil & Gas
  • Power Generation
  • Automotive
  • Aerospace and Defense
  • Manufacturing
  • Others

Stringent Government Regulations Regarding the Safety and Industries Standard are the key Growth Factors Driving the Global Non-Destructive Testing Equipment Market.

Industries are focusing on the improvement of the quality of product and nondefective products and for that nondestructive testing are required and foster market growth. Non-destructive testing equipment also helps to reduce maintenance and repair costs of equipment for the long which is also supplementing the market growth. In addition, technological advancement in robotics, electronics, and automation & the development of user-friendly software has made this equipment more attractive. However, the lack of a skilled workforce for the non-destructive test may hamper the growth of the NDT testing equipment market. In-house training of freshers is not effective as on-field training. Moreover, an increasing number of training institutes and certification boards in developing countries are expected to reduce the lack of skilled workforce in the near forecast period. Technological development of laser and automatic-based testing equipment is also expected to create new growth opportunities for the non-destructive testing equipment market in the forecast period.

North America is Expected to Dominate the Global Non-Destructive Testing Equipment Market

North America is expected to capture the largest market share of the global non-destructive testing equipment market within the forecast period. Increasing investments in the oil and gas sector are anticipated to encourage the growth of the North American market within the forecast period. Europe is expected to gain the second-largest share of the global non-destructive testing equipment market due to industries standards and regulations regarding the safety and quality of products are increasing in this region. Increasing modernization of power generation, oil and gas sectors, and the automotive industry in the European region are further expected to accelerate the growth of the non-destructive equipment market throughout the forecast period.

Report Analysis Details
Historical data 2015 - 2020
Forecast Period 2021 - 2028
Market Size in 2021: USD 2162.7 Million 
Base year considered 2020
Forecast Period CAGR %:

7.3% 

Market Size Expected in 2028: USD 3541.6 Million 
Tables, Charts & Figures: 175
Pages 200
Non Destructive Testing Equipment Manufacturers Mistras Group, SGS Group, Olympus Corporation, Bureau Veritas S.A.,  GE Inspection Technologies, YXLON International,  Nikon Metrology, Eddyfi, Sonatest Ltd., Magnaflux Corporation, Zetec Inc. and others.
Segments Covered By Technology, By End-Use Industry
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Non-Destructive Testing Equipment Market Report-

  • Global Non-Destructive Testing Equipment Market report covers in-depth historical and forecast analysis.
  • Global Non-Destructive Testing Equipment Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country levels.
  • Global Non-Destructive Testing Equipment Market report helps to identify opportunities in the marketplace.
  • Global Non-Destructive Testing Equipment Market report covers extensive analysis of emerging trends and competitive landscape.

On Special Requirement Non-Destructive Testing Equipment Market Report is also available for the below Regions and Country:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA
SUMMARY
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