Stratistics MRC’s Global Non Destructive Testing Market value is expected to reach $22.9 billion growing at a CAGR of 12.1% during 2023-2030.
Non-destructive testing (NDT) is a testing and analytical technique used by industry to assess a material’s, components, structure’s, or system’s attributes for distinctive differences or welding faults and discontinuities without harming the original part. Non-destructive testing (NDT) is often referred to as non-destructive evaluation (NDE), non-destructive inspection (NDI), and so on. One of the key advantages of NDT is that it may conserve time, money, and resources by preventing needless electrical system repairs, replacements, or downtime.
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Asia Pacific is projected to have the highest CAGR over the forecast period, owing to increased government investment on infrastructure; the APAC region has potential for the non-destructive testing industry. For instance, China’s “Belt and Road Initiative,” which aims to increase productivity and efficiency benefits by enhancing trade linkages between Asia and Europe, is the region’s largest infrastructure project. Because NDT aids in the detection of corrosion, cracking, and other deterioration that may impact load bearing capability, such infrastructure activities provide a market for NDT.
Some of the key players profiled in the Non Destructive Testing Market include Acuren Inspection Inc., Labquip NDT Limited, Bosello High Technology Srl, Mistras Group, Nikon Metrology, Magnaflux Corporation, YXLON International GmbH, Sonatest Ltd., Olympus Corporation, Eddyfi, Ashtead Technology, General Electric Company, Fischer Technology Inc., Pulsed Eddy Current, Applus Services, Team Inc, GE Measurement & Control Solutions, SGS GroupBureau Veritas S.A. and Intertek Group Plc.
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Key Developments:
In April 2023, Nikon releases versatile large-volume X-ray CT system, the first in next generation of inspection solutions, the large-volume VOXLS 40 C 450 is able to inspect items of diverse size and density, internally and externally, allowing it to perform virtually limitless tasks within industry, inspection services and academia.
In October 2022, Eddyfi launched Ectane 3, a powerful non-destructive testing (NDT) instrument for surface and tubing inspections. The next-generation Ectane 3 supports remote-field array (RFA) technology for advanced carbon steel heat exchanger inspections.
In April 2022, Ashtead Technology developed a new optical chain measurement system (CMS) to provide highly accurate and repeatable mooring chain measurements to track chain corrosion, wear, and elongation between surveys, combined with inclination measurement to verify chain tension.
In March 2022, Olympus Corporation launched 72DL PLUS ultrasonic thickness gauge. It delivers precision thickness measurements at high speed in a portable, easy-to-use device.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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