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Non-Destructive Testing (NDT) Service Market by Technique (Magnetic Particle, Visual Testing, Eddy-Current, Liquid Penetrant, Radiographic, Ultrasonic, Acoustic Emission), Service, Method, Vertical, and Geography - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026

Published Date: 14-Jan-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-4133 Status : Published

The Non-Destructive Testing (NDT) Service Market is set for a rapid growth over the forecast period. In terms of revenue, the global Non-Destructive Testing (NDT) Service Market accounted for 8.12 Billion in 2019 and is expected to reach USD 12.88 Billion by 2026, growing at a CAGR of 6.8%.

Description

The Non-Destructive Testing (NDT) Service Market is set for a rapid growth over the forecast period. In terms of revenue, the global Non-Destructive Testing (NDT) Service Market accounted for 8.12 Billion in 2019 and is expected to reach USD 12.88 Billion by 2026, growing at a CAGR of 6.8%.

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

Non-Destructive testing service is a technique for evaluation and diagnostic analysis for faults in products. Projects applying this tool are gaining more accuracy in manufacturing process as it detects faults in intricate structures and surfaces, thus reducing time and possibility of failure. 

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

Implementation on stringent government regulations of product quality and safety has increased the market for non-destructive testing services across the globe. Massive urbanization in developing countries undertaking infrastructure projects has increased the demand for non-destructive testing services by giving accurate results on failure analysis and giving precise results. Non-destructive testing services are also helping to enhance lifespan of old infrastructures for residential and non-residential facilities.

Increase in automation in the industrial manufacturing sector there has been substantial hike in the demand for failure detection analysis equipment, thus promoting non-destructive testing equipment. 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.

Global Non-Destructive Testing (NDT) Service Market: 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, surface inspection, and others. Application wise, the market is classified into government, oil & gas, automotive, aerospace, manufacturing, energy, and others. Technology wise, the industry is sectored into ultrasonic inspection, Eddy current testing, Acoustic Emission Testing, Radiographic Testing, radiography testing, and others.

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

Region-wise, 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 Market: Competitive Players

Some of the main players in the Non-Destructive Testing (NDT) Service Market Zetec, TUV Rheinland, Intertek, SGS, MISTRAS Group, TUV Nord, NDT Global, Nikon Metrology, NVI, Bureau Veritas, General Electric, Olympus Corporation, Ashtead Technology and LynX Inspection, among others.

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

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodulogy
    • 2.1.Research Methodulogy
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Non-Destructive Testing (NDT) Service Market, 2016 – 2019 (USD Million)
    • 3.2.Global Non-Destructive Testing (NDT) Service Market: Snapshot
  • Chapter 4.Non-Destructive Testing (NDT) Service Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Non-Destructive Testing (NDT) Service Market Attractiveness, By Application
    • 5.2.Global Non-Destructive Testing (NDT) Service Market Attractiveness, By Technulogy
    • 5.3.Global Non-Destructive Testing (NDT) Service Market Attractiveness, By Method
    • 5.4.Global Non-Destructive Testing (NDT) Service Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Non-Destructive Testing (NDT) Service Market: Company Market Share, 2019
    • 6.2.Strategic Developments
  • Chapter 7.Non-Destructive Testing (NDT) Service Market – Application Segment Analysis
    • 7.1.Global Non-Destructive Testing (NDT) Service Market Overview: by Application
      • 7.1.1.Global Non-Destructive Testing (NDT) Service Market Revenue Share, by Application, 2019 & 2026
    • 7.2.Global Non-Destructive Testing (NDT) Service Market Analysis/Overview – By Application
      • 7.2.1.Government – Overview/Analysis
      • 7.2.2.Oil & Gas – Overview/Analysis
      • 7.2.3.Automotive – Overview/Analysis
      • 7.2.4.Aerospace – Overview/Analysis
      • 7.2.5.Manufacturing – Overview/Analysis
      • 7.2.6.Energy – Overview/Analysis
      • 7.2.7.Others – Overview/Analysis
    • 7.3.Government
      • 7.3.1.Global Non-Destructive Testing (NDT) Service Market for Government, Revenue (USD Million) 2016 - 2019
    • 7.4.Oil & Gas
      • 7.4.1.Global Non-Destructive Testing (NDT) Service Market for Oil & Gas, Revenue (USD Million) 2016 - 2019
    • 7.5.Automotive
      • 7.5.1.Global Non-Destructive Testing (NDT) Service Market for Automotive, Revenue (USD Million) 2016 - 2019
    • 7.6.Aerospace
      • 7.6.1.Global Non-Destructive Testing (NDT) Service Market for Aerospace, Revenue (USD Million) 2016 - 2019
    • 7.7.Manufacturing
      • 7.7.1.Global Non-Destructive Testing (NDT) Service Market for Manufacturing, Revenue (USD Million) 2016 - 2019
    • 7.8.Energy
      • 7.8.1.Global Non-Destructive Testing (NDT) Service Market for Energy, Revenue (USD Million) 2016 - 2019
    • 7.9.Others
      • 7.9.1.Global Non-Destructive Testing (NDT) Service Market for Others, Revenue (USD Million) 2016 - 2019
  • Chapter 8.Non-Destructive Testing (NDT) Service Market – Technulogy Segment Analysis
    • 8.1.Global Non-Destructive Testing (NDT) Service Market Overview: by Technulogy
      • 8.1.1.Global Non-Destructive Testing (NDT) Service Market Revenue Share, by Technulogy, 2019 & 2026
    • 8.2.Global Non-Destructive Testing (NDT) Service Market Analysis/Overview – By Technulogy
      • 8.2.1.Ultrasonic Inspection – Overview/Analysis
      • 8.2.2.Eddy Current Testing – Overview/Analysis
      • 8.2.3.Acoustic Emission Testing – Overview/Analysis
      • 8.2.4.Radiographic Testing – Overview/Analysis
      • 8.2.5.Others – Overview/Analysis
    • 8.3.Ultrasonic Inspection
      • 8.3.1.Global Non-Destructive Testing (NDT) Service Market for Ultrasonic Inspection, Revenue (USD Million) 2016 - 2019
    • 8.4.Eddy Current Testing
      • 8.4.1.Global Non-Destructive Testing (NDT) Service Market for Eddy Current Testing, Revenue (USD Million) 2016 - 2019
    • 8.5.Acoustic Emission Testing
      • 8.5.1.Global Non-Destructive Testing (NDT) Service Market for Acoustic Emission Testing, Revenue (USD Million) 2016 - 2019
    • 8.6.Radiographic Testing
      • 8.6.1.Global Non-Destructive Testing (NDT) Service Market for Radiographic Testing, Revenue (USD Million) 2016 - 2019
    • 8.7.Others
      • 8.7.1.Global Non-Destructive Testing (NDT) Service Market for Others, Revenue (USD Million) 2016 - 2019
  • Chapter 9.Non-Destructive Testing (NDT) Service Market – Method Segment Analysis
    • 9.1.Global Non-Destructive Testing (NDT) Service Market Overview: by Method
      • 9.1.1.Global Non-Destructive Testing (NDT) Service Market Revenue Share, by Method, 2019 & 2026
    • 9.2.Global Non-Destructive Testing (NDT) Service Market Analysis/Overview – By Method
      • 9.2.1.Vulumetric Inspection – Overview/Analysis
      • 9.2.2.Visual Inspection – Overview/Analysis
      • 9.2.3.Surface Inspection – Overview/Analysis
      • 9.2.4.Others – Overview/Analysis
    • 9.3.Vulumetric Inspection
      • 9.3.1.Global Non-Destructive Testing (NDT) Service Market for Vulumetric Inspection, Revenue (USD Million) 2016 - 2019
    • 9.4.Visual Inspection
      • 9.4.1.Global Non-Destructive Testing (NDT) Service Market for Visual Inspection, Revenue (USD Million) 2016 - 2019
    • 9.5.Surface Inspection
      • 9.5.1.Global Non-Destructive Testing (NDT) Service Market for Surface Inspection, Revenue (USD Million) 2016 - 2019
    • 9.6.Others
      • 9.6.1.Global Non-Destructive Testing (NDT) Service Market for Others, Revenue (USD Million) 2016 - 2019
  • Chapter 10.Non-Destructive Testing (NDT) Service Market – Regional Analysis
    • 10.1.Global Non-Destructive Testing (NDT) Service Market: Regional Overview
      • 10.1.1.Global Non-Destructive Testing (NDT) Service Market Revenue Share, by Region, 2019 & 2026
      • 10.1.2.Global Non-Destructive Testing (NDT) Service Market Revenue, by Region, 2016 – 2019 (USD Million)
    • 10.2.North America
      • 10.2.1.North America Non-Destructive Testing (NDT) Service Market Revenue, 2016 - 2019 (USD Million)
      • 10.2.2.North America Non-Destructive Testing (NDT) Service Market Revenue, by Country, 2016 – 2019 (USD Million)
      • 10.2.3.North America Non-Destructive Testing (NDT) Service Market Revenue, by Application, 2016 – 2019
      • 10.2.4.North America Non-Destructive Testing (NDT) Service Market Revenue, by Technulogy, 2016 – 2019
      • 10.2.5.North America Non-Destructive Testing (NDT) Service Market Revenue, by Method, 2016 – 2019
      • 10.2.6. U.S.
      • 10.2.7.Canada
    • 10.3.Europe
      • 10.3.1.Europe Non-Destructive Testing (NDT) Service Market Revenue, 2016 - 2019 (USD Million)
      • 10.3.2.Europe Non-Destructive Testing (NDT) Service Market Revenue, by Country, 2016 – 2019 (USD Million)
      • 10.3.3.Europe Non-Destructive Testing (NDT) Service Market Revenue, by Application, 2016 – 2019
      • 10.3.4.Europe Non-Destructive Testing (NDT) Service Market Revenue, by Technulogy, 2016 – 2019
      • 10.3.5.Europe Non-Destructive Testing (NDT) Service Market Revenue, by Method, 2016 – 2019
      • 10.3.6.Germany
      • 10.3.7.France
      • 10.3.8. U.K.
      • 10.3.9.Italy
      • 10.3.10.Spain
      • 10.3.11.Rest of Europe
    • 10.4.Asia Pacific
      • 10.4.1.Asia Pacific Non-Destructive Testing (NDT) Service Market Revenue, 2016 - 2019 (USD Million)
      • 10.4.2.Asia Pacific Non-Destructive Testing (NDT) Service Market Revenue, by Country, 2016 – 2019 (USD Million)
      • 10.4.3.Asia Pacific Non-Destructive Testing (NDT) Service Market Revenue, by Application, 2016 – 2019
      • 10.4.4.Asia Pacific Non-Destructive Testing (NDT) Service Market Revenue, by Technulogy, 2016 – 2019
      • 10.4.5.Asia Pacific Non-Destructive Testing (NDT) Service Market Revenue, by Method, 2016 – 2019
      • 10.4.6.China
      • 10.4.7.Japan
      • 10.4.8.India
      • 10.4.9.South Korea
      • 10.4.10.South-East Asia
      • 10.4.11.Rest of Asia Pacific
    • 10.5.Latin America
      • 10.5.1.Latin America Non-Destructive Testing (NDT) Service Market Revenue, 2016 - 2019 (USD Million)
      • 10.5.2.Latin America Non-Destructive Testing (NDT) Service Market Revenue, by Country, 2016 – 2019 (USD Million)
      • 10.5.3.Latin America Non-Destructive Testing (NDT) Service Market Revenue, by Application, 2016 – 2019
      • 10.5.4.Latin America Non-Destructive Testing (NDT) Service Market Revenue, by Technulogy, 2016 – 2019
      • 10.5.5.Latin America Non-Destructive Testing (NDT) Service Market Revenue, by Method, 2016 – 2019
      • 10.5.6.Brazil
      • 10.5.7.Mexico
      • 10.5.8.Rest of Latin America
    • 10.6.The Middle-East and Africa
      • 10.6.1.The Middle-East and Africa Non-Destructive Testing (NDT) Service Market Revenue, 2016 - 2019 (USD Million)
      • 10.6.2.The Middle-East and Africa Non-Destructive Testing (NDT) Service Market Revenue, by Country, 2016 – 2019 (USD Million)
      • 10.6.3.The Middle-East and Africa Non-Destructive Testing (NDT) Service Market Revenue, by Application, 2016 – 2019
      • 10.6.4.The Middle-East and Africa Non-Destructive Testing (NDT) Service Market Revenue, by Technulogy, 2016 – 2019
      • 10.6.5.The Middle-East and Africa Non-Destructive Testing (NDT) Service Market Revenue, by Method, 2016 – 2019
      • 10.6.6.South Africa
      • 10.6.7.Rest of Middle-East Africa
  • Chapter 11.Company Profiles
    • 11.1.Zetec
      • 11.1.1.Company Overview
      • 11.1.2.Financial Overview
      • 11.1.3.Product Portfulio
      • 11.1.4.Business Strategy
      • 11.1.5.Recent Developments
    • 11.2.TUV Rheinland
    • 11.3.Intertek
    • 11.4.SGS
    • 11.5.MISTRAS Group
    • 11.6.TUV Nord
    • 11.7.NDT Global
    • 11.8.Nikon Metrulogy
    • 11.9.Bureau Veritas
    • 11.1.General Electric
    • 11.11.Olympus Corporation
    • 11.12.Ashtead Technulogy
    • 11.13.LynX Inspection

Methodology


Frequently Asked Questions

Implementation on stringent government regulations of product quality and safety has increased the market for non-destructive testing services across the globe. Massive urbanization in developing countries undertaking infrastructure projects has increased the demand for non-destructive testing services by giving accurate results on failure analysis and giving precise results. Non-destructive testing services are also helping to enhance lifespan of old infrastructures for residential and non-residential facilities.

According to Zion Market Research, the Non-Destructive Testing (NDT) Service Market is expected to generate revenue of around USD 12.88 Billion by end of 2026, growing at a CAGR of around 6.8% between 2020 and 2026.

Asia Pacific is anticipated to grow exponentially during the forecast period due to the growing market in the infrastructure sector like urbanization and industrialization.

Some main participants of the Non-Destructive Testing (NDT) Service Market are Zetec, TUV Rheinland, Intertek, SGS, MISTRAS Group, TUV Nord, NDT Global, Nikon Metrology, Bureau Veritas, General Electric, Olympus Corporation, Ashtead Technology and LynX Inspection, among others.
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