Nondestructive Testing Equipment and Services Market Report 2023

: Ultrasonic, Radiographic, Eddy Current and More – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Nondestructive Testing Equipment and Services: Ultrasonic, Radiographic, Eddy Current and Others” report has been added to ResearchAndMarkets.com’s offering.

Nondestructive testing (NDT) is needed whenever assurance is required of the integrity of the infrastructure. Aircraft, trains, pipelines, oil rigs, bridges and pressure vessels are examples of everyday things that are being regularly examined using NDT techniques. In addition to the need to ensure safety, NDT can be used to improve output and profitability. Furthermore, a component or an entire structure or machine can be tested many times using several types of tests through the complete life cycle to ensure its continued integrity. Components can be tested before they are finally shaped or while they are in service. This means that the continuing quality of components can be assured, such as checking railway lines, aero-engine turbine blades and the welds on a high-speed theme park ride.

Additionally, NDT methods can be employed to monitor the integrity of the structure through its useful life. These methods supplement other techniques, which can be applied without interruption to the normal operation of a structure or a machine. These techniques are known as condition monitoring. There is continuous progress in the development and application of NDT methods that are often used in conjunction with CAD and computer-based modeling to match the advances in new materials, component design and new products.

The market is expanding not only for NDT equipment but also the NDT services offered by numerous companies. Some of these companies also offer training in various NDT techniques to customers’ engineers and also certify these engineers. The NDT service market is expanding very fast, especially when there is a shortage of trained and certified engineers.

The global market for NDT equipment and services is estimated to increase from $31.3 billion in 2023 to reach $50.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.1% from 2023 through 2028.

Report Scope

In this report, the market has been segmented based on types (equipment type and service type), application and geography. The report provides an overview of the global NDT equipment and services market and analyzes market trends. Using 2022 as the base year, the report provides estimated market data for 2023-2028. Revenue forecasts for this period are segmented based on types (equipment type and service type), application and geography. Market values have been estimated based on the triangulation method using parameters such as the total revenue of NDT equipment and services providers, primary interview results and secondary white paper information.

The report covers the market for NDT equipment and services with regard to the application base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for NDT equipment and services in 2022 and provides projections for the expected market size through 2028.

The Report Includes

• 92 data tables and 39 additional tables
• An overview of the global market landscape related to the nondestructive testing equipment and services: ultrasonic, radiographic, eddy current and others
• In-depth analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, as well as forecasts for 2025, and 2028. This analysis includes projections of Compound Annual Growth Rates (CAGRs) spanning through 2028
• Evaluation of the current market size and revenue growth prospects specific to non destructive testing equipment and services, accompanied by a comprehensive market share analysis categorized by equipment type, service type, technique, application, and geographical region
• An overview of the challenges that the industry is facing and a discussion on how to overcome them
• Discussion on concepts, importance and life cycle assessment of the industry and information on training and NDT certification requirements and coverage of market regulations and standards
• An analysis of pipeline products and ESG trends
• Market share analysis of the key companies and coverage of their proprietary technologies, strategic alliances, and patent activity
• Company profiles of the leading players including Thermo Fisher Scientific Inc., Smiths Group plc., Olympus Corp., General Electric Company., and Nikon Corp.

Key Attributes:

Report Attribute	Details
No. of Pages	321
Forecast Period	2023 – 2028
Estimated Market Value (USD) in 2023	$31.3 Billion
Forecasted Market Value (USD) by 2028	$50.7 Billion
Compound Annual Growth Rate	10.1%
Regions Covered	Global

Company Profiles

• 3Dx-Ray
• Advanced Inspection Technologies
• Advanced NDT
• Bruker Axs
• Carestream Health
• Comet
• Eddyfi Technologies
• General Electric Co.
• Hottinger Bruel & Kjaer
• Nikon
• Olympus
• Rapiscan Systems
• Shimadzu
• Smiths Group
• Spellman High Voltage Electronics
• Thermo Fisher Scientific
• Teledyne Technologies

For more information about this report visit https://www.researchandmarkets.com/r/e982xz

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