Non-Destructive Testing Global Market Report 2023: Profiles of Leading Companies Acuren, Fischer Technology, Fujifilm, Intertek, Nikon and More

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Nov 15, 2023, 19:45 ET

DUBLIN, Nov. 15, 2023 /PRNewswire/ -- The "Non-Destructive Testing (NDT) Market Report 2023-2033" has been added to ResearchAndMarkets.com's offering.

World revenue for the NDT market will surpass US$9.57 billion in 2023, with strong revenue growth predicted through to 2033. This study identifies which organizations hold the greatest potential.

Expansion of Infrastructure and Industrial Developments, Technological Advancements, and Government Laws Governing Public Safety and Product Quality are Driving Market growth

The non-destructive testing (NDT) market plays a crucial role in infrastructure and industrial projects by ensuring the safety, quality, and reliability of materials, components, and structures without causing damage. Rapid urbanization, infrastructure development, and industrial expansion in emerging economies are driving the demand for NDT across the world.

Latest or upcoming construction projects, including bridges, pipelines, power plants, and manufacturing facilities mandatory to require thorough inspection and quality assessment during their construction, operation, and maintenance phases. For instance, in June 2023, a public infrastructure firm called "Shreeji Infrastructure" won a US25.4 million engineering, procurement, and construction (EPC) contract from Coal India for 35W solar projects in West Bengal. Also, in January 2023, QatarEnergy invested US$6 billion in petrochemicals project with Chevron Phillips Chemical Co. to develop 2.1 million mt/year ethylene project in Ras Laffan.

Lack of Skilled Workforce to Perform NDT and Inspection Tasks and Limitations in Detecting Certain Defects to Hamper Industry growth

The detection of defects is a critical aspect of ensuring the quality and reliability of products and structures across various industries. While non-destructive testing (NDT) techniques have been developed to identify flaws without causing damage, there are certain limitations that can hamper the detection of certain defects. For example, limitation is the size and depth of the defect. NDT methods rely on physical or electromagnetic properties to identify flaws, such as ultrasonic waves, X-rays, or magnetic fields.

However, if a defect is too small or shallow, it may not produce a detectable signal or may be overlooked during inspection. Different NDT methods are suitable for specific types of defects. For instance, the ultrasonic testing is effective for detecting internal flaws such as cracks or delamination, but it may not be as effective in identifying surface defects. Similarly, X-ray inspection is excellent for detecting internal voids or inclusions, but it may not be as sensitive to certain types of structural discontinuities.

Market Dynamics

Market Driving Factors

Expansion of Infrastructure and Industrial Projects
Technological Advancements in NDT Techniques
Increasing Safety and Quality Regulations

Market Restraining Factors

Lack of Skilled Workforce to Perform NDT and Inspection Tasks
Limitations in Detecting Certain Defects

Market Opportunities

The Future of NDT With Wireless Sensors, A.I. And IoT
Use of Drones and Crawling Robots for NDT

Segments Covered in the Report

Flaw Type

Surface Cracks & Flaws
Internal Flaws & Discontinuities
Lack of Bond or Lack of Fusion
Non-Metallic Inclusions (Slag, Porosity)
Material Quality
Laminations & Thickness Measurement

Material

Ferrous Forgings & Stampings
Ferrous Raw Materials & Rolled Products
Ferrous Tube & Pipe
Iron & Steel Castings
Non-Ferrous Components & Materials

Technique

Ultrasonic Testing
Visual Testing
Radiographic Testing
Liquid Penetrant Testing
Eddy-Current Testing
Magnetic Particle Testing

Application

Automotive & Railway Industry
Aerospace Industry
Petrochemical & Gas Industries
Pipe & Tube Manufacturing Industry
Shipbuilding Industry
Non-Ferrous Components & Materials

End Use

Designing
Manufacturing Quality
In-service Inspection
Plant Life Extension
Other End-Use

In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 16 leading national markets.

The report also includes profiles and for some of the leading companies in the Non-Destructive Testing (NDT) Market, 2023 to 2033, with a focus on this segment of these companies' operations.

Leading companies and the potential for market growth:

Acuren
Anritsu Corporation
Ashtead Technology, Inc.
Eddyfi Technology
Fischer Technology Inc.
FPrimeC Solutions Inc.
Fujifilm Holding Corporation
GE Measurement
Intertek Group PLC
Magnaflux Corporation
Mistras group
Nikon Corporation
Olympus Corporation
SGS SA
Sonatest Ltd.
T.D. Williamson, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/4r7yf3

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