REDDING, Calif., May 20, 2024 /PRNewswire/ -- According to a new
market research report titled, 'Non-destructive Testing (NDT)
Services Market by Type (Inspection, Training, Others), Method
(Radiographic, Ultrasonic, Others), Application (Flaw Detection,
Others), End-use Industry (Oil & Gas, Manufacturing, Others)
& Geography—Forecasts to 2031, the non-destructive
testing (NDT) services market is projected to reach $18.58
billion by 2031, at a CAGR of 9.4% from 2024 to 2031.
Download Sample Report Now-
https://www.meticulousresearch.com/download-sample-report/cp_id=5118
Non-destructive testing (NDT), also known as non-destructive
inspection (NDI) and non-destructive evaluation (NDE), is a testing
and analysis technique used by industries to evaluate the
properties of a material, component, structure, or system for
characteristic differences or welding defects and discontinuities
without causing damage. Organizations in the industrial sector
procure non-destructive testing services for flaw detection,
dimensional measurement, chemical composition determination, stress
and structure analysis, and physical properties estimation for
their material, machines, and structures.
Some of the factors driving the growth of this market are
stringent regulatory standards imposed by governments regarding
public safety and product quality, the rising need to assess the
structural integrity of aging infrastructure and assets, and the
rising significance of advanced NDT techniques in the industrial
sector. However, the high cost of NDT services restrains the growth
of this market.
The global NDT services market is segmented by type (inspection
services, training services, calibration and evaluation services,
equipment rental services, and consulting services), method (visual
testing, ultrasonic testing (automated ultrasonic backscatter
testing, phased array ultrasonic testing, long range ultrasonic
testing, internal rotating inspection systems, time-of-flight
diffraction testing, dry-coupled ultrasonic testing, and rapid
ultrasonic gridding testing), liquid penetrant testing,
radiographic testing (conventional radiography, digital
radiography, and automated radiographic testing), electromagnetic
testing (remote field testing, eddy current testing, alternating
current field measurement, magnetic particle testing, magnetic flux
leakage testing), acoustic emission testing, and other methods),
application (flaw detection, dimensional measurement, chemical
composition determination, stress and structure analysis, and
physical properties estimation), and end-use industry (oil &
gas [upstream processes, downstream processes, and midstream
processes], aerospace, power generation, healthcare and medical
devices, manufacturing, military and defense, supply chain and
transportation, public infrastructure, water and waste management,
and other end-use industries). The study also evaluates industry
competitors and analyses the market at the regional and country
levels.
Get a Glimpse Inside: Request Sample
Pages-
https://www.meticulousresearch.com/request-sample-report/cp_id=5118
Based on type, the global NDT services market is
segmented into inspection services, training services, calibration
and evaluation services, equipment rental services, and consulting
services. In 2024, the inspection services segment is expected to
account for the largest share of 43.1% of the NDT services
market.
However, the calibration and evaluation services segment is
expected to record the highest CAGR during the forecast period. The
need to keep equipment calibrated as per industry standards and the
growing need for equipment calibration to broaden service
capabilities for customers is expected to drive the growth of this
segment in the coming years. In addition, regular calibration of
NDT equipment is essential for accurate measurements and
inspections, enabling informed decision-making and maintaining
quality standards in operations. Such requirements contribute to
the growth of this segment.
Based on method, the global NDT services market is
segmented into visual testing, ultrasonic testing, liquid penetrant
testing, radiographic testing, electromagnetic testing, acoustic
emission testing, and other methods. In 2024, the ultrasonic
testing segment is expected to account for the largest share of the
global NDT services market.
However, the electromagnetic testing segment is expected to
record the highest CAGR during the forecast period. The benefits of
electromagnetic testing across end-use industries, the increasing
focus of NDT equipment manufacturers in the development of
electromagnetic testing equipment, and the growing use of various
electromagnetic tests for testing the integrity of aircraft and
aircraft parts are expected to drive the growth of this segment in
the coming years. In addition, the growing focus of NDT equipment
manufacturers on of development of NDT devices is contributing to
the growth of this segment. For instance, in November 2022, UniWest (U.S.), a leader in the
sensing technology industry, launched an EddyView II portable eddy
current flaw detector.
Have Specific Research Needs? Request a Customized
Report-
https://www.meticulousresearch.com/request-customization/cp_id=5118
Based on application, the global NDT services market
is segmented into flaw detection, dimensional measurement, chemical
composition determination, stress and structure analysis, and
physical properties estimation. In 2024, the flaw detection segment
is expected to account for the largest share of 40.3% of the
NDT services market.
Moreover, the flaw detection segment is expected to record the
highest CAGR during the forecast period. The increasing use of NDT
testing in manufacturing for flaw detection due to extreme
temperatures, stress, fatigue, and dynamic loads, and the
implications and increasing initiatives of companies for the
development of NDT equipment for flaw detection, is expected to
drive the growth of this segment in the coming years. In addition,
various NDT equipment manufacturers are focusing on the development
of NDT devices for the detection of flaws. For instance, in
June 2020, Eddyfi Technologies
launched its PAUT flaw detector with TFM.
Based on end-use industry, the NDT services market
is segmented into oil & gas, aerospace, power generation,
healthcare and medical devices, manufacturing, military and
defense, supply chain and transportation, public infrastructure,
water and waste management, and other end-use industries. In 2024,
the manufacturing segment is expected to account for the largest
share of 41% of the NDT services market.
Moreover, the manufacturing segment is expected to record the
highest CAGR during the forecast period. The increasing adoption of
X-ray technology and computed tomography (CT) for materials testing
and the rising inclination of manufacturers towards additive
manufacturing are expected to drive the growth of this segment in
the coming years.
Based on geography, the NDT services market is segmented
into North America, Europe, Asia-Pacific, Latin
America, and the Middle
East & Africa. In 2024,
Asia-Pacific is expected to
account for the largest share of the global NDT services
market. The Asia-Pacific non-destructive testing services
market is estimated to be worth USD 4.29
billion in 2024.
However, the Middle East &
Africa is expected to record the
highest CAGR during the forecast period. Factors such as the
region's leading position in the oil and gas industry, government
focus on increasing production of oil and gas, growing integration
of robots for inspection of oil and gas infrastructure, stringent
regulations for inspection of oil & gas industry assets and
infrastructure are expected to drive the growth of the NDT services
market in the coming years.
Key Players:
Some of the key players operating in the NDT services
market are SGS SA (Switzerland), Bureau Veritas (France), DEKRA SE (Sweden), Intertek Group plc (U.K.), TÜV
Rheinland (Germany), MISTRAS
Group, Inc. (U.S.), TEAM, Inc. (U.S.), Waygate Technologies
(Germany), Element Materials
Technology (U.K.), Applus Services, S.A. (Spain), TÜV SÜD AG (Germany), Acuren (U.S.), Applied Technical
Services, LLC (U.S.), Siemens Energy AG (Germany), PTS Group (U.K.), Vertech Group
(Australia), TWI Ltd. (U.K.), NDT
Group Inc. (Canada), Axess AS
(Norway), Control Union
(Netherlands), and Testia
(France).
Browse the In-depth Report-
https://www.meticulousresearch.com/product/non-destructive-testing-services-market-5118
Scope of the report:
Non-destructive Testing (NDT) Services Market Assessment—by
Type
- Inspection Services
- Training Services
- Calibration and Evaluation Services
- Equipment Rental Services
- Consulting Services
Non-destructive Testing (NDT) Services Market Assessment—by
Method
- Visual Testing
- Ultrasonic Testing
- Automated Ultrasonic Backscatter Testing
- Phased Array Ultrasonic Testing
- Long Range Ultrasonic Testing
- Internal Rotating Inspection Systems
- Time-of-Flight Diffraction Testing
- Dry-coupled Ultrasonic Testing
- Rapid Ultrasonic Gridding Testing
- Liquid Penetrant Testing
- Radiographic Testing
- Conventional Radiography
- Digital Radiography
- Automated Radiographic Testing
- Electromagnetic Testing
- Remote Field Testing
- Eddy Current Testing
- Alternating Current Field Measurement
- Magnetic Particle Testing
- Magnetic Flux Leakage Testing
- Acoustic Emission Testing
- Other Methods
Non-destructive Testing (NDT) Services Market Assessment—by
Application
- Flaw Detection
- Dimensional Measurement
- Chemical Composition Determination
- Stress and Structure Analysis
- Physical Properties Estimation
Non-destructive Testing (NDT) Services Market Assessment—by
End-use Industry
- Manufacturing
- Oil & Gas
- Downstream Processes
- Upstream Processes
- Midstream Processes
- Public Infrastructure
- Healthcare and Medical Devices
- Power Generation
- Aerospace
- Supply chain and transportation
- Military & Defense
- Water & Waste Management
- Other End-use Industries
Non-destructive Testing (NDT) Services Market
Assessment—by Geography
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Unlock Opportunities: Buy
Now-
https://www.meticulousresearch.com/Checkout/88811880
Related Report:
Inspection Robots Market - Global Opportunity Analysis
and Industry Forecast (2023–2030)
Inspection Machines Market - Global Opportunity
Analysis and Industry Forecast (2023–2030)
Testing, Inspection, and Certification Market - Global
Opportunity Analysis and Industry Forecast (2023-2030)
X-ray Inspection Systems Market for Electronics &
Semiconductors - Global Opportunity Analysis and Industry Forecast
(2022–2029)
Industrial X-ray Inspection System Market - Global
Opportunity Analysis and Industry Forecast (2024-2031)
Automotive Testing, Inspection, and Certification
Market - Global Opportunity Analysis and Industry Forecast
(2024-2031)
Related Blogs:
Stringent Regulations for Public Safety and
Product Quality Driving the Demand for NDT Services
Top 10 Companies in Non-Destructive Testing Services
Market
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as
Meticulous Market Research Pvt. Ltd. in 2013 as a private limited
company under the Companies Act, 1956. Since its incorporation, the
company has become the leading provider of premium market
intelligence in North America,
Europe, Asia-Pacific, Latin
America, and the Middle
East & Africa.
The name of our company defines our services, strengths, and
values. Since the inception, we have only thrived to research,
analyze, and present the critical market data with great attention
to details. With the meticulous primary and secondary research
techniques, we have built strong capabilities in data collection,
interpretation, and analysis of data including qualitative and
quantitative research with the finest team of analysts. We design
our meticulously analyzed intelligent and value-driven syndicate
market research reports, custom studies, quick turnaround research,
and consulting solutions to address business challenges of
sustainable growth.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe: +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn-
https://www.linkedin.com/company/meticulous-research
Content Source:
https://www.meticulousresearch.com/pressrelease/49/non-destructive-testing-services-market-2031
Logo:
https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/non-destructive-testing-ndt-services-market-to-be-worth-18-58-billion-by-2031exclusive-report-by-meticulous-research-302150079.html