Unlocking Lucrative Opportunities: Non-Destructive Testing Services Market Poised for Robust Expansion Over the Next Decade | Mistras, GE Measurement & Control Solutions, SGS, Zetec

PRESS RELEASE
Published August 18, 2023

Infinity Business Insights announces the release of Non-Destructive Testing Equipment and Services Market research report. The market is predicted to grow at a healthy pace in the coming years. Non-Destructive Testing Equipment and Services Market 2023 research report presents an analysis of market size, share, and growth, trends, cost structure, and statistical and comprehensive data of the global market. The report gives a clear picture of the current market circumstance.

The non-destructive testing equipment and service market  are anticipated to increase at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2028 and reach a value of USD 22.8 billion by that year.  In the larger industrial and technological environment, the Non-Destructive Testing (NDT) Equipment and Services market is a key sector. It includes the creation, production, distribution, and use of specialized instruments, equipment, and services that are intended to evaluate the dependability, quality, and integrity of components, materials, and structures without causing any harm. The rising need for NDT across a range of end-use sectors, including aerospace, automotive, oil & gas, and power generation, is fueling the market’s expansion.

The demand for precise and dependable quality control methods across several sectors is what gave rise to the market for non-destructive testing tools and services. The need for non-destructive testing methods to find faults and defects in materials and products without compromising their structural integrity arose as industrial processes and safety requirements advanced. Because of escalating industrialization, globalization, and the focus on quality assurance and safety, the market has consistently grown. The range and capabilities of non-destructive testing tools and services have increased with the emergence of cutting-edge technologies like digital radiography and laser-based inspection.

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Some of the Top companies influencing this Market include:

Mistras, GE Measurement & Control Solutions, SGS, Zetec, Ashtead Technology, Magnaflux, Sonotron NDT, Bosello High Technology SRL, YXLON International, Fischer Technology, Sonatest, Bureau Veritas, X-R-I Testing, Element, Fujifilm, Olympus and others.

The accuracy, efficiency, and data management of NDT procedures are being improved through the integration of digital technologies, such as artificial intelligence and IoT. Robots and drones fitted with NDT sensors allow for effective remote examination of difficult-to-reach places and intricate structures. New imaging innovations like computed tomography and phased array ultrasonics produce findings for inspections that are higher-resolution and more detailed. Industry groups and regulatory organizations are working together to produce standardized NDT procedures and certifications, assuring uniform quality across sectors and countries. These latest advances highlight the market’s dedication to technical advancement, safety improvement, and operational effectiveness across a range of sectors.

Market Segmentation: By Type

  • Non-Destructive Testing Equipment
  • Non-Destructive Testing Services

Market Segmentation: By Application

  • Industrial
  • Construction
  • Automotive
  • Transportation
  • Aerospace and Defense
  • Other

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Regional Analysis for Global Non-Destructive Testing Equipment and Services Market:

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa make up the market’s regional segments. With over 30% of the global market share, North America is the region with the greatest market for NDT products and services. This is a result of the region’s abundance of aerospace and automobile OEMs. The market is expanding as a result of swift industrialization, infrastructural improvement, and rising automotive and aerospace manufacturing in nations like China and India. The industrialization, legal frameworks, and economic expansion all have an impact on regional dynamics in the non-destructive testing equipment and services industry, which has a worldwide presence.

Furthermore, the years considered for the study are as follows:

Historical year – 2017-2022

Base year – 2023

Forecast period – 2023 to 2030

Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, a detailed analysis of the competitive landscape, and product services of key players.

COVID-19 Impact Analysis

The pandemic of COVID-19 has emerged in lockdown across regions, line limitations, and breakdown of transportation organizations. Furthermore, the financial vulnerability Non-Destructive Testing Equipment and Services Market is a lot higher than in past flare-ups like the extreme intense respiratory condition (SARS), avian influenza, pig influenza, bird influenza, and Ebola, inferable from the rising number of contaminated individuals and the vulnerability about the finish of the crisis. With the rapid rising cases, the worldwide Non-Destructive Testing Equipment and Services refreshments market is getting influenced from multiple points of view.

The following are some of the reasons why you should purchase this Non-Destructive Testing Equipment and Services market report:

  1. Provides unique insights for decision-making in all potential segments, assisting in strategic decision-making.
  1. A novel research design for estimating and forecasting market size.
  2. Identification of important players in the market, as well as associated developments
  3. Extensive breadth to cover all conceivable segments in the Non-Destructive Testing Equipment and Services Market, assisting every player.

Table of Contents:

Global Non-Destructive Testing Equipment and Services Market Research Report 2023 – 2030

Chapter 1 Non-Destructive Testing Equipment and Services Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Non-Destructive Testing Equipment and Services Market Forecast

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