Non-destructive Testing 2024 Industry - Technologies, Applications, Verticals, Strategies & Forecast 2030

 

Non-destructive Testing Industry Overview

The global non-destructive testing market size was valued at USD 20,019.5 million in 2023 and is expected to register a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030.

The growing manufacturing activities across the developing and the developed nations is estimated to drive the market over the forecast period. Furthermore, the increasing technological innovations pace have enable the development of advanced non-destructive testing processes with improved & precise safety & fault detection. Furthermore, increasing awareness amongst the manufacturers regarding the use of Non-destructive Testing (NDT) is expected to improve the penetration of NDT techniques in the coming years.

Gather more insights about the market drivers, restrains and growth of the Non-destructive Testing Market

The utilization of NDT techniques in projects allows for quicker completion due to the detection of faults in complex areas and irregular surfaces. This reduction in the possibility of failures is expected to drive the demand for non-destructive testing in the coming years. Additionally, the ease of operating and efficiency in fault detection provided by ultrasonic equipment, compared to other NDT equipment, is a significant factor contributing to the increasing adoption of the ultrasonic test method. Moreover, advancements in ultrasonic technology anticipated within the next eight years are likely to further boost the adoption of this testing procedure due to its simplicity.

The market is projected to experience significant growth during the forecast period. This growth can be attributed to the increasing urbanization in developing countries like India and China, which involves extensive construction and manufacturing projects. The fast pace of such projects necessitates the implementation of testing processes to ensure the quality of work. This trend is expected to have a positive impact on the growth of non-destructive testing (NDT) in these countries, consequently enhancing its global market penetration.

Increasing oil and gas projects in the Middle East and North America are expected to deploy NDT techniques in order to complete the projects in prescribed timelines and with finesse, thus fueling the demand for NDT equipment over the regions. Besides, the advancements in non-destructive testing technology have led to the development of radiographic testing equipment such as industrial CT scanners, which precisely detect faults in machinery and components. However, the cost of the NDT equipment and the expertise required to perform the tests increases the complexity and difficulty of deploying the radiographic testing method.

The global COVID-19 pandemic has had detrimental and unexpected consequences for various industries worldwide, such as automotive, construction, airlines, and manufacturing, among others. To mitigate the spread of the novel coronavirus and its negative impacts, governments around the world implemented lockdowns as a precautionary measure. This led to disruptions in the global supply chain and a decline in industrial productivity, placing a strain on the global economy. Furthermore, the sudden outbreak of the virus also caused disruptions in companies' production and manufacturing capabilities.

Moreover, the influence of the pandemic on the non-destructive testing (NDT) market arises from the combined response of interconnected industries that utilize NDT for their operations. One such example is the defense industry, which has experienced a relatively mild impact compared to other sectors. This can be attributed to government budget allocations that safeguard the supply and demand ecosystem. While certain defense companies have been significantly affected by the financial shock, the impact is comparatively lesser than that observed in the aerospace sector.

Browse through Grand View Research's Electronic Devices Industry Research Reports.

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Key Companies & Market Share Insights

Some of the key players operating in the market include MISTRAS Group, Olympus Corporation, Bureau Veritas, and General Electric.

General Electric has a diverse set of business units, including GE Power, GE Healthcare, GE Aviation, GE Digital, GE Transportation, GE Renewable Energy, GE Addictive, GE Lighting, GE Capital, GE Global Research, and Baker Hughes, a GE Company (BHGE). BHGE was formed by merging GE Oil & Gas with Baker Hughes Company in July 2017. In 2020, Baker Hughes Digital Solutions' Inspection Technologies division was rebranded as Waygate Technologies.

MISTRAS Group is a provider of asset protection solutions for evaluating the structural reliability and integrity of critical industrial, public, and energy infrastructure. The company specializes in integrating products and technologies to deliver customized solutions ranging from complex to routine inspections. It offers destructive testing, non-destructive testing, predictive maintenance, and mechanical integrity services.

Sonatest and Comet Group (YXLON International) are some of the emerging Non-destructive Testing (NDT) manufacturers.

Sonatest is a provider of non-destructive testing equipment. The company caters to industries such as manufacturing, marine, oil & gas, power generation, chemical, and railways. The company has a research center in Québec City, Canada, and a production facility in Texas, U.S. Moreover, the company’s distributors and agents offer sales and service coverage worldwide.

YXLON International offers Computed Tomography (CT) and X-ray systems for non-destructive testing and analysis. The company is part of Comet Holding AG, which was founded in 1948, and offers ebeam, radio frequency, and X-ray technology solutions worldwide. The company has a wide range of product portfolios, from modular CT & X-ray systems to fully automated, customized, and complex systems. It also offers training, remote diagnostics, and installation of X-ray & CT systems worldwide

Key Non-destructive Testing Companies:

·         Previan Technologies, Inc.

·         Bureau Veritas

·         Fischer Technology Inc. (Helmut Fischer)

·         MISTRAS Group

·         Comet Group (YXLON International)

·         MME Group

·         TWI Ltd.

·         Nikon Corporation

·         Olympus Corporation

·         Sonatest

·         Acuren

·         Intertek Group plc

·         CREAFORM

·         Vidisco Ltd.

·         SGS S.A.

·         General Electric

Recent Developments

In February 2023, Sonatest announced a collaboration with Echobolt, a U.K.-based operations and maintenance service provider. As part of the collaboration, the company combines its advanced hardware solutions with Echobolt's innovative services to offer Phased Array Ultrasonic Technology (PAUT) to the wind industry. It provides a solution for the inspection of bolts in wind turbines.

In February 2023, Waygate Technologies, a Baker Hughes business, announced a significant upgrade to its Krautkramer USM 100 ultrasonic testing device. The upgrade includes new features and improvements aimed at enhancing the device's performance and functionality. Krautkramer USM 100 is widely used in non-destructive testing applications across various industries, and the upgrade is intended to provide users with enhanced capabilities and efficiency.

In May 2021, MISTRAS Group introduced advanced Automated Ultrasonic Testing (AUT) pipeline inspection solutions in the Netherlands. The solution provides enhanced efficiency and safety during inspections

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