NDT Equipment Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Nondestructive test equipment (NDT) market was valued at $ 2,058.7 million in 2021, and is expected to be worth $ 3,042.3 million in 2028, reaching a CAGR of 7% during the forecast period. Nondestructive testing (nondestructive testing) is the application of measurement techniques to identify defects and discontinuities in materials, components or structures. The company needs to trust the quality according to standards such as ISO 9001 quality management system and other quality control guarantee certificates. In addition, there is a significant increase in the number of companies that use non-destructive testing to improve processes, reduce waste, limit liability, etc.

 

Company Profile

• GENERAL ELECTRIC
• INTERTEK GROUP PLC
• MISTRAS GROUP INC.
• NIKON METROLOGY NV
• OLYMPUS CORPORATION
• SONATEST
• SGS SA

 

Market Segmentation

By Industry Vertical

• Oil & Gas
• Energy & power
• Aerospace & Defense
• Automotive & transportation
• Infrastructure

By Testing Method

• Ultrasonic Testing
• Radiography Testing
• Visual Inspection Testing
• Magnetic Particle Testing &
• Eddy-Current Testing
• Liquid Penetrant Testing

By Technique

• Volumetric Examination
• Surface Examination

 

 

Scope of the Report

The research study analyzes the NDT Equipment Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by NDT Equipment Market Report

 

1. What was the NDT Equipment Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of NDT Equipment Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the NDT Equipment Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.