Ultrasonic NDT Testing Equipment Market, By Type Of Equipment (Thickness gauges, Digital flaw detectors, Phased array flaw detectors, Test machines, Others), By Component (Equipment, Service), By End Use Industry (Oil & gas, Power Generation, Aerospace & defense, Automotive & Transportation, Others), And by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Non-destructive testing (NDT) is a combination of various inspection techniques used individually or collectively to evaluate integrity and properties of the material, component, or system without causing damage to it. Ultrasonic testing is a practical and versatile NDT method that allows for a full volumetric examination of the material, component, or system.Market Dynamics:
Stringent safety rules and regulations, increase in use or adoption of NDT testing equipment, rise in awareness among the manufacturers regarding the use of NDT, rapid growth of the oil and gas industry, rapid growth of the construction industry, and development of technologically advanced NDT solutions are major factors expected to propel the growth of the global ultrasonic NDT testing equipment market during the forecast period.
For instance, in September 2022, WaygateTechnologies, a leader in NDT solutions for industrial inspection, launched Krautkrämer SpotVision, a new phased array ultrasonic solution for spot weld inspection. For instance, car/auto makers worldwide can reduce downtime while ensuring that their products meet high-quality standards and product safety is guaranteed.
Key features of the study:
- This report provides in-depth analysis of the ultrasonic NDT testing equipment market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global ultrasonic NDT testing equipment market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include ROSEN Group, Johnson and Allen Ltd., Advanced NDT Ltd., Olympus Corporation, Intertek Group PLC, Baker Hughes, GE Measurement and Control, and Russell Fraser Sales Pty Ltd., among others.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global ultrasonic NDT testing equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ultrasonic NDT testing equipment market.
- Global Ultrasonic NDT Testing Equipment Market, By Type Of Equipment
Digital flaw detectors
Phased array flaw detectors
Test machines
Others
- Global Ultrasonic NDT Testing Equipment Market, By Component
Service
- Global Ultrasonic NDT Testing Equipment Market, By End Use Industry
Power Generation
Aerospace & defense
Automotive & Transportation
Others
- Global Ultrasonic NDT Testing Equipment Market, By Region:
Europe
Asia Pacific
Latin America
Middle East & Africa
- Company Profiles:
Johnson and Allen Ltd.
Advanced NDT Ltd.
Olympus Corporation
Intertek Group PLC
Baker Hughes
GE Measurement and Control
Russell Fraser Sales Pty Ltd.
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Type Of Equipment
- Market Snapshot, By Component
- Market Snapshot, End Use Industry
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Stringent safety rules and regulations
- Lack of skilled labor or professionals
- Rise in adoption of ultrasonic NDT testing equipment
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Global Ultrasonic NDT Testing Equipment Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Ultrasonic NDT Testing Equipment Market, By Region, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 – 2030
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type Of Equipment, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2017-2030,(US$ Mn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type Of Equipment, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2017-2030,(US$ Mn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type Of Equipment, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2017-2030,(US$ Mn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type Of Equipment, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2017-2030,(US$ Mn)
- Middle East and Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type Of Equipment, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2017-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2017-2030,(US$ Mn)
- 6. Competitive Landscape
- ROSEN Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Johnson and Allen Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Advanced NDT Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Olympus Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Intertek Group PLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Baker Hughes
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- GE Measurement and Control
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Russell Fraser Sales Pty Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Analyst Views
- 7. Section
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on "Global Ultrasonic NDT Testing Equipment Market” - Europe forecast to 2030
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