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NDT Service Market Emerging Trends, Strong Application Scope, Size, Status, Analysis and Forecast to 2025

Author : Ronak Bora | Published Date : 2020-09-08 

NDT Service Market is anticipated to exceed USD 4.5 billion by 2025. The increasing costs & challenges associated with the establishment of new infrastructure has resulted in significant aging of the existing organizational set-up. This has led organizations to look for new ways to extend the lifecycle of their existing infrastructure. Due to high costs associated with the repair & maintenance of the existing infrastructure and the need for more extensive & frequent testing services, public & private establishments are investing more on advanced asset protection services to safeguard the structural & operational integrity of their infrastructure.

The operators and owners of infrastructural establishments are constantly facing several stringent policies & safety standards. Failure to adhere with these guidelines can result in significant financial liabilities, higher insurance premiums, tarnished brand value, and scrutiny by regulatory bodies. The growing frequency of industrial accidents such as explosions & fires over the last decade caused substantial damage to the reputation of various enterprises. This has led infrastructural operators and owners along with their associated stakeholders to invest on various advanced asset management services, such as NDT, to protect their infrastructure and comply with various safety regulations.

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Worldwide, assets of various business verticals are aging and the number of inspection regimes has witnessed an unprecedented uptick as safeguarding these assets is turning out to be a tough task. Invariably, the demand for agile inspection equipment has been intensifying lately. In this context, it is quite imperative to state that ultrasonic inspection testing is being regarded as one of the most prominent technology types among all the NDT services. Some recent developments associated with the improvement of the NDT services – utilizing high-end technologies and research – are set to not only enhance the productivity levels but also add stealth to the ultrasonic inspection testing. Enumerated below are a few major instances that are a testimony to the significant research activities and increasing product ingenuity:

  • Material testing services provider Element has recently launched a new testing lab spread across 20,700 square foot in Sheffield, United Kingdom. The new lab, which would be a prominent part of the undergoing industrial revolution in the region, will be situated close to Advanced Manufacturing Innovation District of Sheffield. It would be a center for excellence for NDT and inspection research and would prove advantageous to the consumers from the oil and gas and aviation sectors. Additionally, its location would ensure that it receives access to latest technical expertise and support, essentially propelling the growth prospects of NDT service market in the region.
  • Manufactured for a wide range of applications spanning from a flat plate to a tiny 50 mm diameter surface, Silverwing R-Scan is a new handheld portable B-Scan inspection system which aims to improve the probability of detection and data quality of ultrasonic inspections. Introduced by Eddyfi Technologies, the new NDT solution can be used to complete tank inspections where an automated and remote crawler such as the scropion2 system cannot be deployed. The registered information sets are displayed in a cross-sectional B-scan view that assists in improving in-service flaws, reveal corrosion, increasing speed, and the inspection quality. Remarkably, the addition of such agile, advanced, and portable inspection systems to the product range of ultrasonic inspection testing providers would boost the overall geographical reach of NDT service market.

The commercialization potential of NDT service market is set to witness renewed momentum owing to the evolving demands of the global industrial sector and the effect of digital transformation. These services are anticipated to reach a wider range of business verticals due to the rising number of disruptive innovations and the emergence of pathbreaking technologies such as AI and IoT.

Europe is leading the NDT service market with over 30% share in 2018. The market is primarily driven by the increasing number of collaborative initiatives by players operating in the region and the presence of various regulatory guidelines mandating the implementation of services. The Asia Pacific NDT service marketis expected to attain a growth rate of over 10% over the projected timeframe due to the widespread industrialization and introduction of safety polices. The rising demand for asset management services in the region is leading the foreign players to monetize on various growth opportunities in countries including China, India, and Japan. The lack of skilled inspectors and high costs of NDT services are restricting its usage in certain sectors.

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Some of the companies present in the NDT service market are Applus+, ALS, Dekra, Mistras Group, SGS, TUV Rheinland, Zetec, NDT Global, Nikon Metrology, NVI, Intertek, Bureau Veritas, and TUV Nord. Major players operating in Europe and North America are focusing on various inorganic growth initiatives to expand their presence in high potential markets. For instance, in April 2017, Applus+ acquired Emilab, an electrical and electronic testing service provider. This acquisition will allow Applus+ to increase its global presence in high technology value sectors.

Table of Contents (ToC) of the report:

Chapter 6. Global NDT Service Market, By Technology

6.1. Key trends, by technology

6.2. Ultrasonic Inspection

6.2.1. Market estimates and forecast, 2014 – 2025

6.2.2. Straight beam testing Market estimates and forecast, 2014 - 2025

6.2.3. Angle beam testing Market estimates and forecast, 2014 - 2025

6.2.4. Immersion testing Market estimates and forecast, 2014 - 2025

6.2.5. Guided wave testing Market estimates and forecast, 2014 - 2025

6.2.6. Phased array testing Market estimates and forecast, 2014 - 2025

6.2.7. Time-Of-Flight Diffraction (TOFD) Market estimates and forecast, 2014 - 2025

6.3. Radiography testing

6.3.1. Market estimates and forecast, 2014 – 2025

6.3.2. X-Ray testing Market estimates and forecast, 2014 - 2025

6.3.3. Gamma-Ray testing Market estimates and forecast, 2014 - 2025

6.3.4. Film radiography Market estimates and forecast, 2014 - 2025

6.3.5. Direct radiography Market estimates and forecast, 2014 - 2025

6.3.6. Computed radiography Market estimates and forecast, 2014 - 2025

6.4. Eddy Current testing

6.4.1. NDT service market estimates and forecast, 2014 – 2025

6.4.2. Alternating Current Field Measurement (ACFM) Market estimates and forecast, 2014 - 2025

6.4.3. Remote field testing Market estimates and forecast, 2014 - 2025

6.4.4. Eddy-Current Array (ECA) Market estimates and forecast, 2014 - 2025

6.5. Magnetic Particle Inspection

6.5.1. Market estimates and forecast, 2014 – 2025

6.6. Dye penetration testing

6.6.1. Market estimates and forecast, 2014 – 2025

6.7. liquid Penetrant Inspection

6.7.1. Market estimates and forecast, 2014 – 2025

6.8. Others

6.8.1. Market estimates and forecast, 2014 – 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/non-destructive-testing-ndt-service-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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