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Non-Destructive Testing (NDT) Market Share

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

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Non-Destructive Testing Market Share

Bureau Veritas and TEAM Industrial Services dominate the market with over 10% of the market share. Bureau Veritas focuses on leveraging its extensive global network and diversified service portfolio to offer comprehensive NDT solutions. By integrating advanced technologies such as ultrasonic and radiographic testing with its expertise in regulatory compliance, Bureau Veritas ensures high-quality and reliable inspections. The company also invests in training and certifying personnel to maintain high standards and meet the evolving needs of its clients.

TEAM Industrial Services emphasizes innovation and technological advancement. The company adopts advanced NDT technologies and develops solutions to enhance inspection capabilities and efficiency. TEAM’s strategy includes expanding its service offerings through strategic acquisitions and partnerships, as well as focusing on industries with high growth potential.

Non-Destructive Testing Market Companies

Some of the leading non-destructive testing industry players include:

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

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.