Non-destructive Testing (NDT) Services Market Analysis Report 2024 with Case Studies for SGS SA, Applus Services, and Vertech Group – Global Forecasts to 2030

DUBLIN, March 11, 2024 /PRNewswire/ — The “Global 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 – Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

 

Exploring Growth Prospects in Non-destructive Testing (NDT) Services Market with Enhanced Inspection and Emerging Technologies

The Non-destructive Testing (NDT) Services Market is poised for significant growth, with a projected market value of $16.83 billion by 2030, demonstrating a CAGR of 8.9% from 2023 to 2030. The market’s expansion is primarily fuelled by rigorous safety and quality regulations, the need for structural integrity assessments for aging infrastructure, and the adoption of advanced NDT techniques in the industrial sector.

Rising Investments and Technology Adoption in NDT Services Market to Propel Global Industry

Market Segmentation: The extensive analysis segments the market into type, method, application, and end-use industry, offering a detailed understanding of each sector.Strategic Market Insights: The report presents an in-depth review of market size, share, trends, and developmental strategies among key players.Geographic Evaluation: A thorough assessment provides insights into high-growth regions and country-specific market influences.Sector Trends: With advancements in AI and robotics, the industry sees integration of new technologies driving efficiency in NDT services.Key Drivers and Opportunities: This research identifies major forces shaping the market landscape and prospective areas for stakeholders.

Manufacturing and Oil & Gas Dominate NDT Services Market; Electromagnetic Testing Displays Robust Growth Trajectory

The manufacturing sector accounts for a significant portion of the NDT services market, while the ultrasonic testing segment leads the methods category in terms of market share. Electromagnetic testing, however, is expected to witness the highest growth over the forecast period. For applications, flaw detection represents the largest market segment, with global focus intensifying on accurate detection and safety measures.

Asia-Pacific Emerges as Major Market; Middle East & Africa to Exhibit Remarkable Growth The Asia-Pacific region is currently dominating the global

NDT services market, and this trend is anticipated to continue, driven by rapid industrialization and burgeoning energy projects. Contrastingly, the Middle East & Africa region is expected to register the highest growth rate, propelled by a strong focus on oil and gas production and infrastructural development.

Industry Leaders and Innovators Pave the Way for NDT Market Advancements

A competitive landscape review reveals that leading service providers are engaging in strategic developments, such as capacity expansions and collaborative initiatives, to strengthen their market positions. These key industry players are leveraging technological advancements and strategic partnerships to provide comprehensive NDT services across various sectors.

Key questions answered in the report-

What was the historical market for NDT services?What are the market forecasts and estimates for the period 2023-2030?What are the major drivers, restraints, and opportunities in the NDT services market?Who are the major players in the NDT services market?What is the competitive landscape like in the NDT services market?What are the recent developments in the NDT services market?What are the different strategies adopted by the major players in the NDT services market?What are the key geographic trends, and which are the high-growth countries?Who are the local emerging players in the global NDT services market, and how do they compete with the other players?

Market Insights

Factors Affecting Market Growth

Stringent Regulations for Public Safety and Product Quality Driving the Demand for NDT ServicesGrowing Need to Assess the Structural Integrity of Aging Infrastructure and Assets Supporting Market GrowthAdvanced NDT Techniques Gaining Significance in the Industrial SectorHigh Costs Limiting the Adoption of NDT ServicesIncreasing Investments in Infrastructure Projects Creating Opportunities for NDT Service ProvidersIncreasing Outsourcing of NDT Processes Expected to Generate Market Growth OpportunitiesShortage of Trained NDT Professionals Impacting Market GrowthIncreasing Complexity of Machines and Infrastructures Leading to Inaccuracies in NDT Inspections and Results

Trends

Growing Use of Robots for NDTIntegration of AI Technology in NDT Processes

Case Studies

SGS SA Performed NDT for West African Ventures Ltd’s Escravos Gas Project in Nigeria.Applus Services, S.A. Performed NDT for the Gulf Coast Express Pipeline Project.Vertech Group Performed NDT for the Gladstone LNG Project.

Competition Analysis

Key Growth StrategiesCompetitive BenchmarkingCompetitive DashboardIndustry LeadersMarket DifferentiatorsVanguardsEmerging CompaniesMarket Ranking by the Key Players

Company Profiles

SGS SA (Switzerland)Bureau Veritas (France)DEKRA SE (Sweden)Intertek Group plc (U.K.)TUV Rheinland (Germany)MISTRAS Group Inc. (U.S.)TEAM Inc. (U.S.)Waygate Technologies (Germany)Element Materials Technology (U.K.)Applus Services S.A. (Spain)TUV SUD 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)Testia (France)

Scope of the report:

Non-destructive Testing (NDT) Services Market Assessment – by Type

Inspection ServicesTraining ServicesCalibration and Evaluation ServicesEquipment Rental ServicesConsulting Services

Non-destructive Testing (NDT) Services Market Assessment – by Method

Visual TestingUltrasonic TestingAutomated Ultrasonic Backscatter TestingPhased Array Ultrasonic TestingLong Range Ultrasonic TestingInternal Rotating Inspection SystemsTime-of-Flight Diffraction TestingDry-coupled Ultrasonic TestingRapid Ultrasonic Gridding TestingLiquid Penetrant TestingRadiographic TestingConventional RadiographyDigital RadiographyAutomated Radiographic TestingElectromagnetic TestingRemote Field TestingEddy Current TestingAlternating Current Field MeasurementMagnetic Particle TestingMagnetic Flux Leakage TestingAcoustic Emission TestingOther Methods

Non-destructive Testing (NDT) Services Market Assessment – by Application

Flaw DetectionDimensional MeasurementChemical Composition DeterminationStress and Structure AnalysisPhysical Properties Estimation

Non-destructive Testing (NDT) Services Market Assessment – by End-use Industry

ManufacturingOil & GasDownstream ProcessesUpstream ProcessesMidstream ProcessesPublic InfrastructureHealthcare and Medical DevicesPower GenerationAerospaceSupply chain and transportationMilitary & DefenseWater & Waste ManagementOther End-use Industries

Non-destructive Testing (NDT) Services Market Assessment – by Geography

North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainRest of EuropeAsia-PacificChinaJapanIndiaSouth KoreaRest of Asia-PacificLatin AmericaMiddle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/cq44r

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