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Non-Destructive Testing (NDT) Equipment Market Size- By Testing Method, By Technique, By Industry Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Publisher SPER Market Research Pvt. Ltd.
Published Mar 13, 2023
Length 234 Pages
SKU # SPER18083085

Description

Non-Destructive Testing (NDT) Equipment Market Size- By Testing Method, By Technique, By Industry Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2032


Global Non-Destructive Testing (NDT) Equipment Market Overview

According to SPER Market Research, the Global Non-Destructive Testing Equipment Market is estimated to reach USD 9.33 billion by 2032 with a CAGR of 8.95 %. The technique of non-destructive testing (NDT) is used to find flaws and discontinuities in materials, components, and structures. The NDT market is anticipated to expand significantly as a result of ongoing advancements in robotics, automation, oil & gas, electronics, and robotics, as well as an increase in demand for high-quality machinery. Businesses must be certified for quality in compliance with regulations, which include the ISO 9001 quality management system and other certifications for quality control and assurance.

Impact of COVID-19 on the Global Non-Destructive Testing Equipment Market

The global non-destructive testing equipment market has been significantly affected by the COVID-19 pandemic, similar to most other industries, according to Akash Samal. The pandemic resulted in reduced global trade, industrial output, and manufacturing activities, leading to a temporary decrease in demand for NDT equipment. This was mainly due to the temporary closure of factories and industrial plants, which resulted in fewer inspection and testing services being required.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered

By Testing Method, By Technique, By Industry Vertical
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered Applus Services, Baker Hughes, Bureau Veritas S.A., Fujifilm Corporation, Innospection Limited, Intertek Group Plc., Mistras Group Inc., Nikon Metrology NV, OkoNDT Group, Olympus Corporation,

Global Non-Destructive Testing Equipment Market Segmentation:

By Testing Method: Based on the Testing Method, Global Non-Destructive Testing Equipment Market is segmented as; Eddy Current Testing, Liquid Penetrant Testing, Radiography Testing, Ultrasonic Testing and Others.

By Industry Vertical: Based on the Industry Vertical, Global Non-Destructive Testing Equipment Market is segmented as; Aerospace and Defense, Automotive and Transportation, Energy and Power, Infrastructure, Oil and Gas, Others

By Region: With a sizable revenue share, North America emerged as the main segment. This is credited to the widespread use of NDT techniques, the accessibility of a qualified workforce, and the abundance of non-destructive testing training facilities in the area.

Table of Contents

234 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Non-Destructive Testing Equipment Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Non-Destructive Testing Equipment Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Non-Destructive Testing Equipment Market
7. Global Non-Destructive Testing Equipment Market, By Testing Method, 2019-2032 (USD Million)
7.1 Eddy Current Testing
7.2 Liquid Penetrant Testing
7.3 Magnetic Particle Testing and Electromagnetic Testing
7.4 Radiography Testing
7.5 Ultrasonic Testing
7.6 Visual Inspection Testing
7.7 Others
8. Global Non-Destructive Testing Equipment Market, By Technique, 2019-2032 (USD Million)
8.1 Volumetric Examination
8.2 Surface Examination
8.3 Others
9. Global Non-Destructive Testing Equipment Market, By Industry Vertical, 2019-2032 (USD Million)
9.1 Aerospace and Defense
9.2 Automotive and Transportation
9.3 Energy and Power
9.4 Infrastructure
9.5 Oil and Gas
9.6 Others
10. Global Non-Destructive Testing Equipment Market, By Region, 2019-2032 (USD Million)
10.1 Global Non-Destructive Testing Equipment Market Size and Market Share by Region (2019-2025)
10.2 Global Non-Destructive Testing Equipment Market Size and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Applus Services
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Baker Hughes
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Bureau Veritas S.A.
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Fujifilm Corporation
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Innospection Limited
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Intertek Group Plc.
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Mistras Group Inc.
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Nikon Metrology NV
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 OkoNDT Group
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 Olympus Corporation
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 Yxlon International Gmbh (Comet Holding Ag)
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope

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