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Non-Destructive Testing (NDT) Market Analysis

  • Report ID: GMI3201
  • Published Date: Sep 2024
  • Report Format: PDF

Non-Destructive Testing Market Analysis

Based on method, the market is divided into volumetric inspection, surface inspection, and visual inspection. The volumetric inspection segment held over 50% of the market share in 2023. The rising emphasis on quality assurance across various industries is significantly driving demand for volumetric inspection method. This method provides a comprehensive assessment by evaluating the entire volume of a component, which is crucial for detecting internal defects that could compromise structural integrity.
 

This method helps ensure that products meet stringent quality standards and regulatory requirements. The growing focus on maintaining high-quality standards and preventing failures in critical applications drives increased adoption of volumetric inspection techniques.
 

Non-Destructive Testing (NDT) Market Share, By Technology, 2023

Based on technology the non-destructive testing market is divided into ultrasonic inspection, radiography testing, eddy current testing, magnetic particle inspection, dye penetration testing, liquid penetrant inspection, and others. The ultrasonic inspection segment is expected to hold around USD 11 billion market revenue by 2032. Innovations such as phased array ultrasonic testing (PAUT) and time-of-flight diffraction (TOFD), have significantly enhanced the capabilities of ultrasonic methods.
 

These technologies provide improved accuracy, higher resolution, and greater penetration depth. The increased precision and reliability offered by these advanced ultrasonic methods meet safety requirements of industries such aerospace, energy, and manufacturing. As these sectors demand more advanced inspection solutions, the adoption of advanced ultrasonic NDT technology drives market growth.
 

Asia Pacific Non-Destructive Testing (NDT) Market Size, 2022 -2032, (USD Billion)

Asia pacific region hold around 30% of the non-destructive testing market share in 2023 and expected to grow at highest CAGR from 2024 to 2032. Rapid industrialization and infrastructure development in the Asia-Pacific region are significant propel NDT market growth. Countries such as China, India, and Japan are experiencing substantial growth in construction, manufacturing, and energy sectors, leading to an increased demand for reliable NDT services.
 

These techniques are essential for evaluating materials and detecting defects without causing damage, which is critical for maintaining high safety standards in large-scale projects. Additionally, the expansion of industrial activities and the maintenance of aging infrastructure further drives the demand for advanced NDT solutions.
 

Regulatory bodies across various industries in North America enforce rigorous safety and quality standards that mandate regular inspections. These regulations require precise and reliable NDT methods to detect defects and ensure the integrity of critical components and infrastructure. Compliance with these standards is essential for avoiding costly penalties and maintaining operational safety, which drives the demand for advanced NDT solutions.
 

The increasing investment in renewable energy across Europe is propelling the market growth in the region. As European countries strive to meet sustainability and climate goals, there is a growing focus on developing and maintaining renewable energy infrastructure. NDT methods are crucial for ensuring the reliability and safety of these critical components by detecting potential defects and assessing structural integrity without causing damage.
 

Advanced NDT technologies are employed to inspect the intricate and high-value equipment used in renewable energy projects. The increasing emphasis on maintaining high operational standards and extending the lifespan of renewable energy assets drives the demand for efficient NDT solutions.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of non-destructive testing (NDT) reached USD 10.7 billion in 2023 and is set to record a CAGR of over 10.5% between 2024 and 2032, driven by the expansion of urban areas and the emphasis on maintaining aging infrastructure.

The ultrasonic inspection segment is expected to be worth USD 11 billion by 2032, due to improved accuracy, higher resolution, and greater penetration depth.

Asia pacific region held around 30% market share in 2023, driven by the rapid industrialization and infrastructure development.

Applus+, Bureau Veritas, Mistras Group, NDT Global GmbH & Co. KG, Olympus Corporation, SGS, TEAM Industrial Services, TUV Nord, TUV Rheinland, and Zetec Inc.

Non-Destructive Testing (NDT) Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 340
  • Countries covered: 25
  • Pages: 230
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