The global industrial radiography market has been growing substantially over the past few years. Industrial radiography refers to the process of using penetrating radiation to detect variations in density and thickness of materials non-destructively. It allows inspecting the internal features of components without damaging them and is widely used for inspection in various industry verticals such as oil & gas, manufacturing, aerospace, automotive, power generation and others. Factors such as growing risks of corrosion and cracks in industrial equipment, stringent government regulations regarding safety and quality control across industries have been driving the demand for industrial radiography solutions globally. Additionally, technological advancements focused on development of compact and digital radiography systems suitable for field operations are expected to provide new growth opportunities for market players in the coming years.
Market Dynamics:
The global industrial radiography market growth is driven by factors such as increasing spending on maintenance and inspection of aging industrial assets, stringent quality control and safety regulations across industries. Growing risks of corrosion, cracks and defects in industrial machinery, equipment and components has been boosting the adoption of industrial radiography for periodic inspections. However, health hazards associated with radiation exposure and stringent regulations regarding the use of radioactive materials are some of the factors expected to restrain the market growth. Development of new digital radiography technologies integrating solutions like AI and IoT has opened new opportunities for market players. Compact and portable digital radiography systems enabling field operations are gaining popularity. Growing demand from end-use industries like oil & gas, power generation is further expected to drive the industrial radiography market during the forecast period.
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