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Global Non-destructive Testing Market Size study, by Offering (Services and Equipment), by Method (Visual Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy Current Testing, Ultrasonic Testing and Radiographic Testing), by Vertical (Oil & Gas, Manufacturing, Aerospace and Defense, Construction, Automotive, Power Generation and Others), and Regional Forecasts 2021-2027

  • BIZ4660716
  • 200 Pages
  • October 2021
  • Construction & Manufacturing
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Global Non-destructive Testing Market is valued approximately at USD 573.57 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 4.40% over the forecast period 2021-2027. Non-destructive testing is a technique used to evaluate the properties of a material, structure, component or system for characteristic differences or welding defects and discontinuities without causing damage to the original part. Hike in demand for flaw detection owing to increasing automation in the industrial manufacturing, government norms regarding safety of equipment and regular inspections, and new product launch by market players are fueling demand in the market. As per the norms penned by Occupational Safety and Health Administration (OSHA), according to rule 1919.15(c), all hoisting machines (e.g., cranes, winches, blocks, shackles, and all other accessory gear), shall be thoroughly examined every 12 months by means of a visual examination, supplemented as necessary by other means, such as a hammer test or with electronic, ultrasonic, or other nondestructive methods. Furthermore, growing investment in research by market players and rising awareness regarding use of non-destructive testing among manufacturers are expected to inject growth in coming years. Such as, in February 2021, Ashtead Technology invested USD 1.37 million to develop a new research and engineering facility in Aberdeenshire. However, high equipment cost and lack of skilled professionals may hinder the demand in near future.

North America is the dominating region among Asia Pacific, North America, Europe, Latin America, and Rest of the World, owing to availability of skilled professionals and adoption of non-destructive techniques across various applications. Whereas, Asia Pacific is expected to grow with the significant growth rate during forecast period owing to growing manufacturing, construction and power generation activities in the region.

Major market player included in this report are:

Ashtead Technology Ltd.

Eddyfi

Fischer Technologies Inc.

General Electric

Nikon Metrology Inc.

Mistras Group, Inc.

Olympus Corporation

Sonatest

YXLON International GmbH

Zetec Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:

Services

Equipment

By Method:

Visual Testing

Magnetic Particle Testing

Liquid Penetrant Testing

Eddy Current Testing

Ultrasonic Testing

Radiographic Testing

By Vertical:

Oil & Gas

Manufacturing

Aerospace and Defense

Construction

Automotive

Power Generation

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027.

Target Audience of the Global Non-destructive Testing Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Non-destructive Testing Market, by region, 2019-2027 (USD Billion)

1.2.2. Non-destructive Testing Market, by Offering, 2019-2027 (USD Billion)

1.2.3. Non-destructive Testing Market, by Method, 2019-2027 (USD Billion)

1.2.4. Non-destructive Testing Market, by Vertical, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Non-destructive Testing Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Non-destructive Testing Market Dynamics

3.1. Non-destructive Testing Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Rising demand for flaw detection

3.1.1.2. Government norms for safety of equipment and regular inspection

3.1.2. Market Restraint

3.1.2.1. High cost of equipment

3.1.2.2. Lack of skilled professionals

3.1.3. Market Opportunities

3.1.3.1. Rising awareness regarding use of non-destructive testing among manufacturers

3.1.3.2. Growing investment in research by market players

Chapter 4. Global Non-destructive Testing Market: Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economic

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Non-destructive Testing Market, by Offering

5.1. Market Snapshot

5.2. Global Non-destructive Testing Market by Offering, Performance - Potential Analysis

5.3. Global Non-destructive Testing Market Estimates & Forecasts by Offering 2018-2027 (USD Billion)

5.4. Non-destructive Testing Market, Sub Segment Analysis

5.4.1. Services

5.4.2. Equipment

Chapter 6. Global Non-destructive Testing Market, by Method

a. Market Snapshot

6.1. Global Non-destructive Testing Market by Method, Performance - Potential Analysis

6.2. Global Non-destructive Testing Market Estimates & Forecasts by Method 2018-2027 (USD Billion)

6.3. Non-destructive Testing Market, Sub Segment Analysis

6.3.1. Visual Testing

6.3.2. Magnetic Particle Testing

6.3.3. Liquid Penetrant Testing

6.3.4. Eddy Current Testing

6.3.5. Ultrasonic Testing

6.3.6. Radiographic Testing

Chapter 7. Global Non-destructive Testing Market, by Vertical

b. Market Snapshot

7.1. Global Non-destructive Testing Market by Vertical, Performance - Potential Analysis

7.2. Global Non-destructive Testing Market Estimates & Forecasts by Vertical 2018-2027 (USD Billion)

7.3. Non-destructive Testing Market, Sub Segment Analysis

7.3.1. Oil & Gas

7.3.2. Manufacturing

7.3.3. Aerospace and Defence

7.3.4. Construction

7.3.5. Automotive

7.3.6. Power Generation

7.3.7. Others

Chapter 8. Global Non-destructive Testing Market, Regional Analysis

8.1. Non-destructive Testing Market, Regional Market Snapshot

8.2. North America Non-destructive Testing Market

8.2.1. U.S. Non-destructive Testing Market

8.2.1.1. Offering breakdown estimates & forecasts, 2018-2027

8.2.1.2. Method breakdown estimates & forecasts, 2018-2027

8.2.1.3. Vertical breakdown estimates & forecasts, 2018-2027

8.2.2. Canada Non-destructive Testing Market

8.3. Europe Non-destructive Testing Market Snapshot

8.3.1. U.K. Non-destructive Testing Market

8.3.2. Germany Non-destructive Testing Market

8.3.3. France Non-destructive Testing Market

8.3.4. Spain Non-destructive Testing Market

8.3.5. Italy Non-destructive Testing Market

8.3.6. Rest of Europe Non-destructive Testing Market

8.4. Asia-Pacific Non-destructive Testing Market Snapshot

8.4.1. China Non-destructive Testing Market

8.4.2. India Non-destructive Testing Market

8.4.3. Japan Non-destructive Testing Market

8.4.4. Australia Non-destructive Testing Market

8.4.5. South Korea Non-destructive Testing Market

8.4.6. Rest of Asia Pacific Non-destructive Testing Market

8.5. Latin America Non-destructive Testing Market Snapshot

8.5.1. Brazil Non-destructive Testing Market

8.5.2. Mexico Non-destructive Testing Market

8.6. Rest of The World Non-destructive Testing Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Ashtead Technology Ltd.

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. Eddyfi

9.2.3. Fischer Technologies Inc.

9.2.4. General Electric

9.2.5. Nikon Metrology Inc.

9.2.6. Mistras Group, Inc.

9.2.7. Olympus Corporation

9.2.8. Sonatest

9.2.9. YXLON International GmbH

9.2.10. Zetec Inc.

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 2. Global Non-destructive Testing Market, report scope

TABLE 3. Global Non-destructive Testing Market Estimates & forecasts by region 2018-2027 (USD Billion)

TABLE 4. Global Non-destructive Testing Market Estimates & forecasts by Offering 2018-2027 (USD Billion)

TABLE 5. Global Non-destructive Testing Market Estimates & forecasts by Method 2018-2027 (USD Billion)

TABLE 6. Global Non-destructive Testing Market Estimates & forecasts by Vertical 2018-2027 (USD Billion)

TABLE 7. Global Non-destructive Testing Market bysegment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. Global Non-destructive Testing Market byregion, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Non-destructive Testing Market bysegment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Non-destructive Testing Market byregion, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Non-destructive Testing Market bysegment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Non-destructive Testing Market byregion, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Non-destructive Testing Market bysegment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Non-destructive Testing Market byregion, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Non-destructive Testing Market bysegment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Non-destructive Testing Market byregion, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Non-destructive Testing Market bysegment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Global Non-destructive Testing Market byregion, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. Global Non-destructive Testing Market bysegment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. Global Non-destructive Testing Market byregion, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 21. Global Non-destructive Testing Market bysegment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. Global Non-destructive Testing Market byregion, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 23. U.S. Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 24. U.S. Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 25. U.S. Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 26. Canada Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 27. Canada Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. Canada Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 29. UK Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 30. UK Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. UK Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 32. Germany Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 33. Germany Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 34. Germany Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 35. France Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 36. France Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 37. France Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 38. Spain Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 39. Spain Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 40. Spain Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 41. Italy Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 42. Italy Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 43. Italy Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 44. ROE Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 45. ROE Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 46. ROE Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 47. China Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 48. China Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 49. China Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 50. India Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 51. India Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 52. India Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 53. Japan Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 54. Japan Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 55. Japan Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 56. Australia Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 57. Australia Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 58. Australia Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 59. South Korea Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 60. South Korea Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 61. South Korea Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 62. ROPAC Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 63. ROPAC Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 64. ROPAC Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 65. Brazil Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 66. Brazil Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 67. Brazil Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 68. Mexico Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 69. Mexico Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 70. Mexico Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 71. ROLA Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 72. ROLA Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 73. ROLA Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 74. ROW Non-destructive Testing Market Estimates & forecasts, 2018-2027 (USD Billion)

TABLE 75. ROW Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 76. ROW Non-destructive Testing Market Estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 77. List of secondary sources used in the study of global Non-destructive Testing Market .

TABLE 78. List of primary sources used in the study of global Non-destructive Testing Market .

TABLE 79. Years considered for the study.

TABLE 80. Exchange rates considered.

 
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