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.
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.
Global Non-Destructive Testing Equipment Market report covers prominent players like
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 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.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 2162.7 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 3541.6 Million|
|Tables, Charts & Figures:||175|
|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|
Middle East and Africa