Global Ultrasonic Non-destructive Test Equipment Market Growth 2023-2029

Global Ultrasonic Non-destructive Test Equipment Market Growth 2023-2029

Non-destructive Test Equipment (NDT) identifies coating thickness, wall thickness, defects, corrosion, spot welds and other weaknesses in industrial equipment as well as bridges, pipes, buildings, furniture, etc. It is also can be used for composites, hardness, leak detection etc.Ultrasonic testing (UT) is a form of non-destructive testing (NDT) that uses high-frequency sound waves to characterize the thickness or internal structure of a given sample. The frequencies used for UT are usually in the range of 500 kHz to 20 Mhz.As a NDT method, UT is ideal for detecting defects, flaws, and welds. Regular UT inspections are also ideal for checking existing equipment, such as piping, for corrosion and are therefore an integral part of any predictive maintenance program.

LPI (LP Information)' newest research report, the “Ultrasonic Non-destructive Test Equipment Industry Forecast” looks at past sales and reviews total world Ultrasonic Non-destructive Test Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Ultrasonic Non-destructive Test Equipment sales for 2023 through 2029. With Ultrasonic Non-destructive Test Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ultrasonic Non-destructive Test Equipment industry.

This Insight Report provides a comprehensive analysis of the global Ultrasonic Non-destructive Test Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ultrasonic Non-destructive Test Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ultrasonic Non-destructive Test Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ultrasonic Non-destructive Test Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ultrasonic Non-destructive Test Equipment.

The global Ultrasonic Non-destructive Test Equipment market size is projected to grow from US$ 505.7 million in 2022 to US$ 761.2 million in 2029; it is expected to grow at a CAGR of 761.2 from 2023 to 2029.

Global top 5 players of Ultrasonic Non-destructive Test Equipment occupied for 56% of the market, including Baker Hughes (Waygate Technologies), Olympus (Evident), Mistras, Sonotron NDT, Karl Deutsch. Asia-Pacific is the largest market of Ultrasonic Non-destructive Test Equipment, holding a share over 38%. Then Europe takes 32%. In terms of type, Flaw Detectors shares over 57% of the market, while Thickness Gauges shares 24%. In terms of application, Industrial and Automotive shares the largest percent of nearly 41%.

This report presents a comprehensive overview, market shares, and growth opportunities of Ultrasonic Non-destructive Test Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Thickness Gauges
Flaw Detectors
Other UT Tester

Segmentation by application
Industrial and Automotive
Oil and Gas
Power and Energy
Aerospace and Transportation
Electronics
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Baker Hughes (Waygate Technologies)
Olympus (Evident)
Mistras
Eddyfi Technologies
Sonatest
NOVOTEST
SONOTEC GmbH
Elcometer
DeFelsko Corporation
Karl Deutsch
PCE Instruments
Sonotron NDT
Screening Eagle Technologies
NDT Systems
Ryoden Shonan
Modsonic
Cygnus
Mitech
Nantong YouLian
Wuhan Zhongke Innovation

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ultrasonic Non-destructive Test Equipment market?

What factors are driving Ultrasonic Non-destructive Test Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ultrasonic Non-destructive Test Equipment market opportunities vary by end market size?

How does Ultrasonic Non-destructive Test Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.