The global Non-Destructive Testing (NDT) and Inspection market size was USD 9.61 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.1% during the forecast period, according to latest analysis by Emergen Research.
The report aims to offers a thorough outlook of the Non-Destructive Testing and Inspection market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the Non-Destructive Testing and Inspection market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline
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As well as new entrants in the Non-Destructive Testing and Inspection market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others.
Some major companies in the global market report include Fischer Technology, Inc., General Electric, MISTRAS Group, Olympus Corporation, Eddyfi, Magnaflux, NDT Global, T.D. Williamson, Inc., Nikon Metrology Inc., and Acuren.
Market Scope:
One of the report’s central components is the broad Non-Destructive Testing and Inspection market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Reports Highlights:
- The ultrasonic testing segment is expected to register highest revenue growth rate over the forecast period owing to increasing growth of heavy industries such as Oil & Gas, aerospace, and power generation.
- Ultrasonic flaw detection can detect hidden cracks, voids, porosity, inclusions, and other discontinuities in common solid engineering metals and other materials.
- The inspection services segment accounted for largest revenue share in 2022. This is owing to rising demand for inspections of detecting internal faults and identifying volumetric defects in various materials, especially ferromagnetic materials. Inspections must be performed while a production line or piece of equipment is in operation.
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The global Non-Destructive Testing and Inspection market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Non-Destructive Testing and Inspection sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented the global NDT and inspection market based on testing, method, service, industry vertical, and region:
· Testing Outlook (Revenue, USD Billion; 2019-2032)
- Visual Testing (VT)
- General visual inspection
- Aided visual inspection
- Endoscopes
- Borescopes
- Videoscopes
- Magnetic Particle Testing (MPT)
- Eddy-Current Testing (ECT)
- Radiographic Testing (RT)
- Computed radiography
- Gamma ray testing
- X-ray testing
- Film radiography
- Direct radiography
- Ultrasonic Testing (UT)
- Angle beam testing
- Immersion testing
- Straight beam testing
- Guided wave testing
- Time-Of-Flight Diffraction (TOFD)
- Phased array testing
- Process Compensated Resonance Testing (PCRT)
- Liquid Penetrant Testing (LPT)
- Acoustic Emission Testing (AET)
- Others
· Method Outlook (Revenue, USD Billion; 2019-2032)
- Surface inspection
- Visual inspection
- Volumetric inspection
- Others
· Service Outlook (Revenue, USD Billion; 2019-2032)
- Inspection services
- Calibration services
- Equipment rental services
- Training services
· Industry Vertical Outlook (Revenue, USD Billion; 2019-2032)
- Oil & gas
- Manufacturing
- Aerospace
- Automotive
- Public infrastructure
- Energy & utilities
- Others
Regional Bifurcation of the Non-Destructive Testing and Inspection Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Radical Features of the Non-Destructive Testing and Inspection Market Report:
- The report encompasses Non-Destructive Testing and Inspection market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Non-Destructive Testing and Inspection industry
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Non-Destructive Testing (NDT) And Inspection Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the NDT and inspection industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected NDT and inspection market growth numbers 2021-2030.View Complete Report:https://www.thebusinessresearchcompany.com/report/non-destructive-testing-ndt-and-inspection-global-market-reportThe Non-Destructive Testing (NDT) And Inspection Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global NDT and inspection market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Non-Destructive Testing (NDT) And Inspection Global Market Report 2021 covers NDT and inspection market drivers, NDT and inspection market trends, NDT and inspection market growth rate, NDT and inspection market major players, player-adopted strategies in the market, and NDT and inspection market size.The global NDT and inspection market is expected to grow from $7.03 billion in 2020 to $7.40 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The NDT and inspection market is expected to reach $11.16 billion in 2025 at a CAGR of 10.8%.Request For The Sample Now:https://www.thebusinessresearchcompany.com/sample.aspx?id=5252=smpThe report covers the NDT and inspection market segments-1) By Technique: Magnetic Particle Testing, Ultrasonic Testing, Visual Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, Acoustic Emission Testing, Others2) By Method: Visual Inspection, Surface Inspection, Volumetric Inspection, Others3) By Vertical: Manufacturing, Oil And Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, Others.About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
Non-Destructive Testing (NDT) And Inspection Global Market Report 2021 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography.
It covers the historic period – 2015-2020, and the forecast period – 2021-2025, with additional forecasts for 2025-2030.
The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the non-destructive testing (NDT) and inspection industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it.
With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected non-destructive testing (NDT) and inspection market growth numbers from 2021-2030.
Request a Sample of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=5252=smp The global non-destructive testing (NDT) and inspection market is expected to grow from $7.03 billion in 2020 to $7.40 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%.
