Global Non-Destructive Testing (NDT) And Inspection Market Size
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Global Non-Destructive Testing (NDT) And Inspection Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Non-Destructive Testing (NDT) And Inspection Market Report by The Business Research Company covers non-destructive testing (NDT) and inspection market drivers and restraints, non-destructive testing (NDT) and inspection market size, major players, and the impact of COVID-19 on the non-destructive testing (NDT) and inspection market.

The NDT and inspection market consist of sales of NDT and inspection services by entities (organizations, sole traders, and partnerships) that are engaged in testing and inspection services. Non-destructive testing (NDT) is the method of examining, testing, or assessing products, parts, or assemblies for discontinuities or discrepancies in functionality without sacrificing the part’s or system’s serviceability. NDT techniques are used in production lines, on-site inspections, and fabrication units to maintain product reliability, manufacturing process, uniform quality level, and attain lower product costs.

The global NDT and inspection market is expected to grow from $7.03 billion in 2020 to $7.40 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The NDT and inspection market is expected to reach $11.16 billion in 2025 at a CAGR of 10.8%.

Rapid growth in industrialization and urbanization across the globe is expected to propel the growth of the NDT and inspection market in the coming years. China’s urban population, for instance, reached 60.3% of the total population in 2019, while India’s urban population accounted for 34.5% of the total population in the same year. The high-pace manufacturing industries including the aerospace sector, are investing in NDT and inspection services for frequent quality inspections, detection of infrastructure failures, and others. The companies are also partnering with NDT service providers to carry out third-party inspection services to maintain product quality and production efficiency.

 

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Some non-destructive testing and inspection market trends include technological advancements. Major companies operating in the NDT and inspection field are focused on developing technological solutions for NDT and inspection to strengthen their position

 

Global non-destructive testing (NDT) and inspection market segments include:

1) By Technique: Magnetic Particle Testing, Ultrasonic Testing, Visual Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, Acoustic Emission Testing, Others

2) By Method: Visual Inspection, Surface Inspection, Volumetric Inspection, Others

3) By Vertical: Manufacturing, Oil And Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

 

Read More On The Non-Destructive Testing (NDT) And Inspection Global Market Report 2021: COVID-19 Growth And Change At:
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The Non-Destructive Testing (NDT) And Inspection Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides non-destructive testing (NDT) and inspection market overviews, analyzes and forecasts market size, share, non-destructive testing (NDT) and inspection market players, non-destructive testing (NDT) and inspection market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The non-destructive testing (NDT) and inspection identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

Where To Learn More:

Read Non-Destructive Testing (NDT) And Inspection Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: MISTRAS Group, Acuren Inspection Inc, YXLON International, Fprimec Solutions Inc, Baker Hughes, Applied Technical Services, TEAM Inc., SGS Group, Applus Services, Bureau Veritas S.A., and Intertek Group plc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Non-Destructive Testing (NDT) And Inspection Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Non-Destructive Testing (NDT) And Inspection Sector: The report reveals where the global industry will put on most $ sales up to 2023.

Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at www.thebusinessresearchcompany.com

 

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