Non-Destructive Testing Market In Oil And Gas Industry 2024-2028
The non-destructive testing market in oil and gas industry is forecasted to grow by USD 1565.6 mn during 2023-2028, accelerating at a CAGR of 7.3% during the forecast period. The report on the non-destructive testing market in oil and gas industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand for ndt in oil and gas transportation, rise in need for quality assurance in oil and gas industry, and rise in demand for crude oil.
Technavio's non-destructive testing market in oil and gas industry is segmented as below:
- By Method
- Traditional methods
- Advanced methods
- By Type
- Services
- Equipment
- By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the integration of ai and ml in ndt devices as one of the prime reasons driving the non-destructive testing market in oil and gas industry growth during the next few years. Also, recent developments in ndt devices with product launches and rise in adoption of portable and handheld ndt devices will lead to sizable demand in the market.
The report on the non-destructive testing market in oil and gas industry covers the following areas:
- Non-Destructive Testing Market In Oil And Gas Industry sizing
- Non-Destructive Testing Market In Oil And Gas Industry forecast
- Non-Destructive Testing Market In Oil And Gas Industry industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading non-destructive testing market in oil and gas industry vendors that include Acuren Corp., Amerapex Corp., Applus Services Technologies SL, Ashtead technology, Baker Hughes Co., Bureau Veritas, Dakota Ultrasonics Corp., Dexon Technology PLC, Eddyfi Technologies, Evident Corp, FORCE Technology, Intertek Group Plc, Magnaflux, Mistras Group Inc., Phoenix Inspection Systems Ltd, SGS SA, Sonatest Ltd, Team Inc, TUV Rheinland AG, Vibrant NDT Services, Videray Technologies Inc., and Zetec Inc.. Also, the non-destructive testing market in oil and gas industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.