The Business Research Company’s report on the NDT Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the ndt services market in recent years?
An increase in the use of renewable energy resources is expected to propel the growth of the NDT services market going forward. Renewable energy refers to the energy that comes from natural sources that regenerate themselves more quickly than they are used up. Non-destructive testing is used in the production of renewable energy sources, such as the testing of wind turbines using ultrasonic waves. For instance, in 2022, according to a Invest India, the National Investment Promotion and Facilitation Agency, India saw the highest year-on-year growth in renewable energy additions of 9.83% in 2022. Therefore, an increase in the use of renewable energy resources is driving the growth of the NDT services market.
Access Your Free Sample of the Global NDT Services Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8359&type=smp
What is the projected market size of the ndt services industry, and how is it expected to grow?
The NDT services market size has grown rapidly in recent years. It will grow from $16.3 billion in 2024 to $17.99 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to infrastructure development, skills development, environmental concerns, cyclical industry trends.
The NDT services market size is expected to see strong growth in the next few years. It will grow to $26.12 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to aerospace industry growth, renewable energy expansion, safety and quality assurance, digitalization, and industry 4.0 integration, cost-effective solutions. Major trends in the forecast period include market consolidation, focus on asset management, quality assurance requirements.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=8359&type=smp
Who are the key players driving competition in the ndt services market?
Major companies operating in the NDT services market are Mistras Group Inc., Olympus Corporation, Nikon Metrology NV, TÜV Rheinland Group, Intertek Group PLC, TEAM Inc., General Electric Company, Ashtead Technology Ltd., Zetec Inc., Yxlon international GMBH, ALS Limited, Applus+, Bureau Veritas SA, Dekra SE, Fischer Technologies Inc., Previan Technologies, SGS SA, Det Norske Veritas, Registro Italiano Navale, NDT Global Limited, NDT Kit Inc., NDT Systems Inc., Sonatest PLC, Eddyfi Technologies Inc., HMT Inspection Inc., NDT Solutions Inc., Carl Zeiss Industrial Metrology GmbH, American Bureau of Shipping, Lloyd’s Register, NDT Services Limited
What key trends are expected to drive the naval vessels and surface combatants market during the forecast period?
Technological advances have emerged as a key trend, gaining popularity in the NDT services market. Major companies operating in the NDT services market are focused on innovating new technologies to sustain their position in the market. For instance, in October 2022, ICR Integrity, a UK-based company operating in NDT services, unveiled a new innovative NDT technique, INSONO, for the inspection of composite repairs applied to metallic components. This technology has been developed to validate the condition and integrity of composite repairs that provide operators with assurance in the application and long-term performance. This can also detect defects within the composite material and reductions in the steel substrate.
Which key geographies are driving the growth of the ndt services market?
North America was the largest region in the NDT services market share in 2024. The regions covered in the NDT services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/ndt-services-global-market-report
What are the key segments driving growth in the ndt services market?
The NDT services market covered in this report is segmented –
1) By Type: Inspection Services, Equipment Rental Services, Training Services, Calibration Services
2) By Testing Technique Model: Visual Inspection, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission, Terahertz Imaging
3) By Vertical Type: Manufacturing, Oil And Gas, Aerospace, Government Infrastructure And Public Safety, Automotive, Power Generation, Other Verticals
Subsegments:
1) By Inspection Services: Visual Inspection, Ultrasonic Testing, Radiographic Testing, Magnetic Particle Testing, Eddy Current Testing
2) By Equipment Rental Services: NDT Inspection Equipment Rental, Calibration Equipment Rental
3) By Training Services: NDT Certification Training, In-House Training Programs, Online Training Courses
4) By Calibration Services: Instrument Calibration, On-Site Calibration, Laboratory Calibration
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8359
What defines the structure and scope of the ndt services market?
NDT refers to a variety of inspection techniques that permit inspectors to assess and gather information about a material, system, or component without causing any long-term changes to it. These are used to examine the characteristics of a material, component, structure, or system without affecting the original part in order to look for typical variations or welding faults and discontinuities.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
