The global non-destructive testing equipment & services market is projected to witness significant growth owing to the evolving infrastructure sector across the world combined with increasing demand for improving quality and longevity of the machines.
Non-destructive testing refers to the examination of materials for faults and flaws in accordance with standard norms without harming the object being tested. The technique can be applied for checking materials in a production quality-control system along with usage on sample basis for individual investigation. The equipment is effectively used to determine physical properties of materials including ductility, fatigue strength, impact resistance, fracture toughness, and ultimate tensile strength. Non-destructive testing protects the object usability for its design purpose as well as offers cost-effectiveness, which is projected to impel growth over the forecast period.
Emergence of next-generation technologies including X-ray computed tomography, computed radiography, and phased array ultrasonic are expected to replace the traditional technologies, offering prominent opportunities for the non-destructive testing equipment & services market growth by 2022. Further, the advancements in automation, sensors, and semiconductors, technologies are integrating with integrity solution, asset management, and decision-making tools, which are expected to positively impact the non-destructive testing equipment & services market growth.
Development of new materials, combination of two or more techniques for enhanced solutions, and rising customer expectations are the notable shift in trends for non-destructive testing equipment and services market.
Major factors that drive the market include user-friendly software, strict government regulations for safety, reliable performance and quality control combined with continuous evolvement in robotics, automation, and electronics industry. Rising need for extending the life of aging assets and running the assets at high capacities along with the high costs involved in developing new infrastructure is projected to drive industry growth.
Lack of awareness within the end-users and high infrastructure costs may act as a challenge to growth. Additionally, high cost along with requirement of qualified and skilled personnel may curb industry growth over the forecast period.
The non-destructive testing equipment & services market can be segmented on the basis of methods into contact and non-contact methods. The contact methods comprise eddy current testing, penetrant testing, magnetic and electromagnetic testing, and ultrasonic testing, whereas non-contact methods include thermography, visual inspection, shearography, and radiography testing. Guided wave type of ultrasonic testing methods along with phased array technology is expected to gain significant share and traditional technologies such as liquid penetrant testing and visual inspection are projected to remain stagnant by 2022.
The market can be categorized on the basis of verticals into petrochemical & gas, manufacturing application, public safety and government infrastructure, power generation, automotive, and aerospace. The manufacturing application includes pipe and tube manufacturing, iron foundry, mining industry, metal, and shipbuilding industry. Petrochemical & gas comprises LNG liquefaction, refining and storage tanks, transmission pipelines, and subsea pipelines.
Government infrastructure includes railways, airports, military and defense sector, nuclear plants, border crossing security, tunnels, and bridges. Aerospace includes composite airframe manufacturing, aircraft engine part production, and maintenance. Further, power generation covers fossil fuel, wind, solar, and nuclear power.
The market can be classified by services into consultation, rental, training, and inspection. Inspection services are sub-segmented into visual NDT, surface, eddy current, and ultrasonic inspection services. Eddy current is one of the most efficient inspection services owing to its varied applications in power generation, petrochemicals, and gas industry verticals along with its ability to detect various defects including thickness, cracks, and welds in the active phase of assembly line.
North America is expected to dominate the market owing to the large investments in energy verticals such as oil and gas, which drive demand. Asia Pacific is projected to be an emerging region for the market owing to rapid growth in infrastructure and power generation in countries such as China, India, and Japan.
Major players in the non-destructive testing equipment & services market include GE Inspection Technologies, YXLON International, Nikon Metrology, Olympus Corp., Zetec, Mistras Group Inc., Sonatest Ltd., Fisher Technology Inc., Ashtead Technology, and Eddyfi NDT Inc.
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