Non-Destructive Testing and Inspection Market worth 12.8% CAGR by 2030

Bengaluru, January – COVID-19 is an unprecedented worldwide public health disaster that has impacted nearly every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and relevant next steps. The research provides insights on COVID-19 by taking into account changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government actions. The revised report contains insights, analysis, estimates, and predictions based on the COVID-19 market effect.

The NDT industry has grown significantly as a result of increased automation in the industrial production and infrastructure sectors. The increased demand for fault identification linked to fractures, porosity, manufacturing disorders, and other difficulties is driving this rise. As enterprises emphasise compliance with industrial safety standards, the necessity for effective NDT solutions has grown. Furthermore, the formation of different federal agencies and regional groups, such as the American Society of Mechanical Engineers (ASME) and the International Organisation for Standardisation (ISO), has contributed to the market’s growth. These organisations employ severe steps to assure instrument safety and monitor engineering services testing. Obtaining permissions and certificates from these bodies benefits the global NDT industry.

The Non-Destructive Testing and Inspection Market research report titled “Non-Destructive Testing and Inspection Market based on By Test Method (Traditional NDT Method, Digital/Advanced NDT Method), By Offering, By Vertical,By Regional Outlook– Global Forecast up to 2030”

The worldwide non-destructive testing (NDT) market is predicted to be worth USD 18.9 billion in 2022, with a compound yearly growth rate (CAGR) of 12.8% from 2021 to 2030. Growing industrial activity in both emerging and developed countries are expected to boost the market over the projected period. Furthermore, the rapid rate of technical progress has enabled the creation of new non-destructive testing techniques with increased safety and defect identification. Furthermore, rising manufacturer knowledge of the usage of NDT methods is projected to boost NDT penetration in the future years.

Due to the detection of defects in complicated regions and uneven surfaces, the use of NDT methods in projects allows for faster completion. This decrease in the likelihood of failure is likely to fuel non-destructive testing demand in the future years. Furthermore, the ease of use and efficiency in defect detection afforded by ultrasonic equipment, when compared to other NDT equipment, is a crucial element contributing to the growing use of the ultrasonic test technique. Furthermore, because to its simplicity, developments in ultrasonic technology expected within the next eight years are projected to increase the popularity of this testing process.

During the forecast period, the market is expected to increase significantly. This expansion might be linked to rising urbanisation in emerging nations such as India and China, which necessitates large-scale building and industrial projects. Because of the rapid speed of such projects, testing mechanisms must be implemented to assure the quality of work. This tendency is predicted to boost the expansion of non-destructive testing (NDT) in these nations, increasing its global market penetration.

Increasing oil and gas projects in the Middle East and North America are projected to use NDT techniques to finish the projects on schedule and with precision, increasing demand for NDT equipment throughout the areas. Furthermore, advances in non-destructive testing technology have resulted in the creation of radiographic testing equipment, such as industrial CT scanners, which accurately detect flaws in machinery and components. The expense of NDT equipment and the knowledge necessary to execute the tests, on the other hand, adds to the complexity and difficulty of adopting the radiographic testing method.

The segmentation coverage of the study is provided below.

Non-Destructive Testing and Inspection Market based on Offerings:

• Services
• Equipment

Non-Destructive Testing and Inspection Market based on Test Methods:

• Traditional NDT Method
  o Visual Testing
  o Magnetic Particle Testing
  o Liquid Penetrant Testing
  o Eddy Current Testing
  o Ultrasonic Testing
  o Radiographic Testing
• Digital/Advanced NDT Method
  o Digital Radiography (DR)
  o Phased Array Ultrasonic Testing (PAUT)
  o Pulsed Eddy Current (PEC)
  o Time-Of-Flight Diffraction (TOFD)
  o Alternating Current Field Measurement (ACFM)
  o Automated Ultrasonic Testing (AUT)

Non-Destructive Testing and Inspection Market based on Vertical:

• Oil & Gas
  o Upstream
  o Midstream
  o Downstream
• Manufacturing
• Aerospace and Defense
• Construction
• Automotive
• Power Generation
• Others

Non-Destructive Testing and Inspection Market based on Geography:

• North America
  o US
  o Canada
• Europe
  o Germany
  o UK
  o France
  o Italy
  o Spain
  o Rest of Europe (RoE)
• Asia Pacific (APAC)
  o China
  o Japan
  o India
  o Australia
  o South Korea
  o Rest of Asia Pacific (RoAPAC)
• Latin America (LATAM)
  o Brazil
  o Argentina
  o Rest of South America
• Middle East and Africa (MEA)
  o UAE
  o Turkey
  o Saudi Arabia
  o South Africa
  o Rest of Middle East & Africa

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