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%.
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The NDT and inspection market consist of sales of NDT and inspection services by entities (organizations, sole traders, and partnerships) that are engaged in testing and inspection services. Non-destructive testing (NDT) is the method of examining, testing, or assessing products, parts, or assemblies for discontinuities or discrepancies in functionality without sacrificing the part’s or system’s serviceability. NDT techniques are used in production lines, on-site inspections, and fabrication units to maintain product reliability, manufacturing process, uniform quality level, and attain lower product costs.
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The non-destructive testing (ndt) and inspection market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the non-destructive testing (ndt) and inspection market are MISTRAS Group, Acuren Inspection Inc, YXLON International, Fprimec Solutions Inc, Baker Hughes, Applied Technical Services, TEAM Inc., SGS Group, Applus Services, Bureau Veritas S.A., and Intertek Group plc.
The global non-destructive testing and inspection market is segmented –
1) By Technique: Magnetic Particle Testing, Ultrasonic Testing, Visual Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, Acoustic Emission Testing, Others
2) By Method: Visual Inspection, Surface Inspection, Volumetric Inspection, Others
3) By Vertical: Manufacturing, Oil And Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, Others
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The non-destructive testing (ndt) and inspection market report describes and explains the global non-destructive testing (ndt) and inspection market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The non-destructive testing (ndt) and inspection report evaluates the market across each region and for the major economies within each region.
The countries covered in the global non-destructive testing (ndt) and inspection market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global non-destructive testing (ndt) and inspection market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Non-Destructive Testing (NDT) And Inspection Market Characteristics
- Non-Destructive Testing (NDT) And Inspection Market Product Analysis
- Non-Destructive Testing (NDT) And Inspection Market Supply Chain
- Key Mergers And Acquisitions In The Non-Destructive Testing (NDT) And Inspection Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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