Global Nondestructive Testing Services And Equipment Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

services and equipment.

By Testing;

surface testing, volumetric testing, condition monitoring and integrity inspection.

By Application;

flaw detection, leak detection, dimensional measurement, physical analysis, chemical analysis, plasma emission testing, corrosion emission testing and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn618074996 Published Date: June, 2024 Updated Date: July, 2024

Introduction

Global Nondestructive Testing Services And Equipment Market (USD Million), 2020 - 2030

In the year 2023, the Global Nondestructive Testing Services And Equipment Market was valued at USD 19,642.30 million. The size of this market is expected to increase to USD 33,482.27 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.

The global nondestructive testing (NDT) services and equipment market plays a crucial role in ensuring the safety, reliability, and longevity of industrial assets. NDT methods are employed to inspect and evaluate materials and structures without causing any damage, making them essential in various sectors such as aerospace, automotive, oil and gas, construction, and manufacturing. These techniques help in detecting flaws, assessing material properties, and ensuring compliance with safety standards, thereby preventing costly failures and extending the lifespan of critical assets.

Driven by technological advancements and increasing regulatory requirements, the market for NDT services and equipment is experiencing robust growth. Innovations in techniques such as ultrasonic testing, radiographic testing, magnetic particle testing, and eddy current testing are enhancing the accuracy and efficiency of inspections. Additionally, the rise in infrastructure development, coupled with the need for regular maintenance and inspection of aging assets, is further fueling demand. As industries continue to prioritize safety and performance, the global NDT market is poised for significant expansion, offering new opportunities for both service providers and equipment manufacturers.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Testing
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Nondestructive Testing Services And Equipment Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements

        2. Increasing Safety and Quality Regulations

        3. Growing Infrastructure Development

      2. Restraints
        1. High Initial Investment Costs

        2. Lack of Skilled Workforce

        3. Limited Awareness in Emerging Markets

      3. Opportunities
        1. Emerging Markets Expansion

        2. Integration of IoT and AI Technologies

        3. Development of Advanced NDT Methods

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Nondestructive Testing Services And Equipment Market, By Type, 2020 - 2030 (USD Million)
      1. services
      2. equipment
    2. Global Nondestructive Testing Services And Equipment Market, By Testing, 2020 - 2030 (USD Million)
      1. surface testing
      2. volumetric testing
      3. condition monitoring
      4. integrity inspection
    3. Global Nondestructive Testing Services And Equipment Market, By Application, 2020 - 2030 (USD Million)
      1. flaw detection
      2. leak detection
      3. dimensional measurement
      4. physical analysis
      5. chemical analysis
      6. plasma emission testing
      7. corrosion emission testing
    4. Global Nondestructive Testing Services And Equipment Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Sonatest
      2. Ashtead Technology
      3. Nikon Metrology NV
      4. Intertek Group plc
  7. Analyst Views
  8. Future Outlook of the Market