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Global Nondestructive Testing Equipment Market 2021
Nondestructive testing (NDT) is a testing and analysis technique used by industry to evaluate the properties of a material, component, structure or system for characteristic differences or welding defects and discontinuities without causing damage to the original part. The global nondestructive testing equipment market in terms of revenue is set to grow by US$ 12 billion during 2021-2027, growing at a compound annual growth rate (CAGR) of 8.1% during the forecast period, according to data and analytics company StrategyHelix. Increase in oil & gas and power generation projects, stringent regulations mandating safety, increase in need for extending the life of obsolete infrastructure are the driving forces for improvements and developments in the NDT industry.
The report provides up-to-date market size data for period 2017-2020 and forecast to 2027 covering key market aspects like sales value for nondestructive testing equipment. The global nondestructive testing equipment market is segmented on the basis of type, equipment type, service type, region, and application. By type, it is categorized into NDT equipment, and NDT services. The NDT equipment segment held the largest market share in 2020. By equipment type, the nondestructive testing equipment market is divided into ultrasonic testing equipment, radiographic testing equipment, visual inspection equipment, eddy-current testing equipment, magnetic particle inspection equipment, acoustic emission testing equipment, liquid penetrant inspection equipment, IR thermography testing equipment, and others. The ultrasonic testing equipment segment accounted for the largest market share in 2020. Based on service type, the nondestructive testing equipment market is divided into NDT inspection services, NDT training services, NDT equipment rental services, and others. Nondestructive testing equipment market by region is divided into North America, Asia Pacific, Europe, and Rest of the World (ROW).
The report has profiled some of the key players of the market such as Acuren Inspection Inc., Applus Services SA, Baker Hughes Company, BRUKER AXS, Bureau Veritas SA, Fujifilm Holdings Corporation, Intertek Group PLC, Magnaflux Corp., MISTRAS Group Inc, Nikon Metrology NV, Olympus Corporation, SGS S.A., TEAM Inc., Thermo Fisher Scientific Inc., TUV Rheinland AG, YXLON International GmbH (COMET Group).
The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the nondestructive testing equipment market to help drive informed decision making for industry executives, policy makers, academic, and analysts.
Type: NDT equipment, and NDT services
Equipment type: ultrasonic testing equipment, radiographic testing equipment, visual inspection equipment, eddy-current testing equipment, magnetic particle inspection equipment, acoustic emission testing equipment, liquid penetrant inspection equipment, IR thermography testing equipment, and others
Service type: NDT inspection services, NDT training services, NDT equipment rental services, and others
Application: oil & gas, power & energy, aerospace & defense, automotive & transportation, construction, and others
Region: North America, Asia Pacific, Europe, and Rest of the World (ROW)
Years Considered: this report covers the period 2017 to 2027
Key Benefits for Stakeholders
Get a comprehensive picture of the global nondestructive testing equipment market
Identify regional strategies and strategic priorities on the basis of local data and analysis
Pinpoint growth sectors and trends for investment
Understand what the future of the global nondestructive testing equipment market looks like
Identify the competitive landscape and window of opportunity
Table of Contents
1. Market Definition
2. Research Methodology
3. Market Data & Outlook
3.1 Market Value
3.2 Market Value Forecast
4. Nondestructive Testing Equipment Market by Type
4.1 Ndt Equipment
4.2 Ndt Services
5. Nondestructive Testing Equipment Market by Equipment Type
5.1 Ultrasonic Testing Equipment
5.2 Radiographic Testing Equipment
5.3 Visual Inspection Equipment
5.4 Eddy-Current Testing Equipment
5.5 Magnetic Particle Inspection Equipment
5.6 Acoustic Emission Testing Equipment
5.7 Liquid Penetrant Inspection Equipment
5.8 Ir Thermography Testing Equipment
6. Nondestructive Testing Equipment Market by Service Type
6.1 Ndt Inspection Services
6.2 Ndt Training Services
6.3 Ndt Equipment Rental Services
7. Nondestructive Testing Equipment Market by Region
7.1 North America
7.2 Asia Pacific
7.4 Rest Of The World (Row)
8. Nondestructive Testing Equipment Market by Application
8.1 Oil & Gas
8.2 Power & Energy
8.3 Aerospace & Defense
8.4 Automotive & Transportation
9. Company Profiles
9.1 Acuren Inspection Inc.
9.2 Applus Services SA
9.3 Baker Hughes Company
9.4 BRUKER AXS
9.5 Bureau Veritas SA
9.6 Fujifilm Holdings Corporation
9.7 Intertek Group PLC
9.8 Magnaflux Corp.
9.9 MISTRAS Group, Inc
9.10 Nikon Metrology NV
9.11 Olympus Corporation
9.12 SGS S.A.
9.13 TEAM Inc.
9.14 Thermo Fisher Scientific Inc.
9.15 TUV Rheinland AG
9.16 YXLON International GmbH (COMET Group)
10.1 About StrategyHelix
18 May 2021