Non-Destructive Testing (NDT) Service Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Report Code: ZMR-4133 | Report Format : | Status : Upcoming |

Abstract

Global Non-Destructive Testing (NDT) Service Industry: Overview

Non-destructive testing service encompasses myriad techniques that are utilized for assessing the features of the material, product, component, and system. Moreover, it does not affect the unit that is being examined during testing.

Global Non-Destructive Testing (NDT) Service Industry: Growth Factors

The need for increasing the lifespan of the infrastructure for the organizations has led to an immense demand for non-destructive testing services across the globe. With the old infrastructure incurring high maintenance costs, renovation as well as constant testing, the enterprises are trying to constantly allocate funds for cutting-edge protection solutions to improve the operational efficiency of their assets as well as their current infrastructure facility.

With the complex nature of the non-destructive testing services and lack of availability of experts along with strict enforcement of legislation will prompt the firms to outsource NDT functions to third-party vendors. This will result in cost-cutting for the firms, thereby favorably impacting the non-destructive testing (NDT) service market earnings.

Global Non-Destructive Testing (NDT) Service Industry: Segmentation

The non-destructive testing (NDT) service market can be sectored into the method, application, and technology. Based on the method, the non-destructive testing (NDT) service industry is divided into volumetric inspection, visual inspection, and surface inspection. Application wise, the market is classified into government, oil & gas, automotive, aerospace, manufacturing, and energy. Technology wise, the industry is sectored into ultrasonic inspection, Eddy current testing, and radiography testing.

Global Non-Destructive Testing (NDT) Service Industry: Regional Analysis

Based on the region, the non-destructive testing (NDT) service market can be divided into five main regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The non-destructive testing (NDT) service industry in the Asia Pacific is slated to expand at a commendable rate, subject to widespread industrialization witnessed in myriad countries resulting in giant players establishing their bases in these economies to explore the untapped market potential. Apart from this, massive allocation of funds for the defense activities by the governments of India, China, and Japan are anticipated to boost the application of the NDT services in the APAC zone. Apparently, the large-scale sustainable energy trends witnessed in the region along with outdated infrastructure will create new vistas of growth for the industry over the coming years.

North American market is predicted to witness a profitable surge over the next decade with the launching of supportive legislation by the state authorities encouraging the use of NDT services. Moreover, the establishment of many oil refineries and rise in the regional production of crude oil & gas will embellish the demand for the market in the region. The technological inventions have further added towards the popularity of the NDT solutions in the region and have contributed immensely towards the economy of North America.

Nevertheless, construction of power plants in countries such as UAE and replacement of old oil driven power plants by technologically advanced ones in countries such as Saudi Arabia and Qatar will impel the business trends during the assessment period.

Global Non-Destructive Testing (NDT) Service Industry: Competitive Players

Few of the main participants in non-destructive testing (NDT) service market are Zetec, TUV Rheinland, Intertek, SGS, MIstrasGroup, TUV Nord, NDT Global, Nikon Metrology, NVI, and Bureau Veritas.

Global Non-Destructive Testing (NDT) Service Industry: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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