Global NDT Equipment Market 2022-2028

Global NDT Equipment Market 2022-2028

The global NDT equipment market size is projected to grow by USD 9.1 billion from 2022 to 2028, registering a CAGR of 8.3 percent, according to a new report by Gen Consulting Company.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global NDT equipment market. It traces the market’s historic and forecast market growth. The report identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches. This study also provides an analysis of the impact of the COVID-19 crisis on the NDT equipment industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the equipment type, application, and region. The global market for NDT equipment can be segmented by equipment type: ultrasonic testing equipment, radiographic testing equipment, visual inspection equipment, eddy-current testing equipment, magnetic particle inspection equipment, acoustic emission testing equipment, liquid penetrant inspection equipment, IR thermography testing equipment, others. Among these, the ultrasonic testing equipment segment was accounted for the highest revenue generator in 2021. NDT equipment market is further segmented by application: oil & gas, power & energy, aerospace & defense, automotive & transportation, construction, others. The oil and gas segment is estimated to account for the largest share of the global NDT equipment market. Based on region, the NDT equipment market is segmented into: North America, Asia Pacific, Europe, Rest of the World (ROW).

Market Segmentation

By equipment type: ultrasonic testing equipment, radiographic testing equipment, visual inspection equipment, eddy-current testing equipment, magnetic particle inspection equipment, acoustic emission testing equipment, liquid penetrant inspection equipment, IR thermography testing equipment, others

By application: oil & gas, power & energy, aerospace & defense, automotive & transportation, construction, others

By region: North America, Asia Pacific, Europe, Rest of the World (ROW)

The report has also analysed the competitive landscape of the global NDT equipment market with some of the key players being Baker Hughes Inc., Bureau Veritas SA, Comet Holding AG, Fluke Corporation, Fujifilm Corporation, Intertek Group plc, Mistras Group Inc., Nikon Corporation, Olympus Corporation, Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc., among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global NDT equipment market.
• To classify and forecast the global NDT equipment market based on equipment type, application, region.
• To identify drivers and challenges for the global NDT equipment market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global NDT equipment market.
• To identify and analyze the profile of leading players operating in the global NDT equipment market.

• Gain a reliable outlook of the global NDT equipment market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.