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Non-Destructive Testing Services Market 2020 SWOT Analysis and Competitive Landscape By 2023| (SARS-CoV-2, Covid-19 Analysis)

Jul 23, 2020 6:00 PM ET
iCrowd Newswire – Jul 23, 2020

Global Non-Destructive Testing Services Market Research Report: By Product, Type (Ultrasonic, Radiography, Liquid Penetrant, Magnetic Particle, Eddy-Current, Visual Inspection), Application, Vertical – Forecast Till 2023

Some of the prominent players in the global non-destructive testing services market are MISTRAS Group, Inc. (U.S.), Olympus Corporation (Japan), GE Inspection Technologies (U.S.), Intertek Group PLC (U.K.), SGS S.A. (Switzerland), Olympus Corporation (Japan), Nikon Metrology, Inc. (U.S.), Ashtead Technology, Inc. (U.S.), Sonatest Ltd. (U.K), Bosello High Technology S.R.L. (Italy), and Fujifilm Holdings Corporation (Japan) others.

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Non-destructive testing (NDT) is a testing and investigation technique used by industry to assess the properties of a material, structure, component, or system for essential dissimilarities or welding defects and incoherence without causing damage to the original part. NDT also is known as non-destructive examination (NDE), non-destructive inspection (NDI), and non-destructive evaluation (NDE). NDT offers many benefits compared to destructive testing. The testing equipment is often transportable and can be performed several times on a single component. The component itself can be methodically evaluated externally and internally of severe flaws. The drawback is that the results are often qualitative and may be repeated and interpreted differently by various inspectors. Many NDT techniques are capable of detecting defects and determining the features of the imperfections, such as shape, size, and orientation. The purpose of NDT is to review a component in a secure, reliable, and cost-effective manner without instigating damage to the equipment or shutting down plant operations. This is in distinction to destructive testing, where the fragment being tested is damaged or destroyed through the inspection process.

NDT can be executed during or after manufacture, or even on apparatus that is in service. In manufacturing, NDT inspections determine if the equipment is fit for the desired function. In other words, parts are reviewed to ensure they will last a definite amount of time or cycles before failure. During operation, NDT inspections can be deployed to assess the existing damage state of equipment, monitor damage mechanisms, and make educated decisions for remaining equipment life assessments.

NDT inspections are an integral part of the oil and gas and petrochemical industries, along with numerous other non-destructive testing companies, including chemicals, automotive, aerospace, and defense. The overall target of all these industry verticals is to detect flaws in mechanisms to moderate failure and upsurge reliability. power generation, aerospace and defense, oil and gas, and automotive are top sectors that use NDT techniques to warrant the quality of products. These sectors use the NDT test to determine the physical properties of materials such as ductility, impact resistance, yield, fracture toughness, ultimate tensile strength, and fatigue strength. Visual testing is the most extensively used non-destructive testing (NDT) methods and applications, among others.

In the petrochemical industry, NDT inspections are utilized throughout a facility’s lifecycle. Additionally, NDT inspections offer historic data about the facility’s process units and deliver information on how often an element should be repaired, inspected, or replaced. On the other hand, investigations conducted at specific intervals could end up saving an organization millions of dollars if testing divulges threats and equipment is fixed before shutting down the facility or experiencing a consequential failure.

The upsurge in demand to ensure safety and growing government protocols are some of the major factors driving the development of the non-destructive testing services market. With the emphasis on promoting the adoption of non-destructive testing services and the accessibility provided to customers, the global non-destructive testing services market is anticipated to grow. Strict government regulations regarding public safety and product quality, and constant advances in automation, electronics, and robotics are a few crucial factors driving the growth of the NDT services market. The high adoption of IoT devices and increasing need to assess the health of aged assets also encourage the growth of the NDT Market and inspection market. The growing infrastructural development and adoption of automation in manufacturing industries in nations such as India and China are also expected to drive the NDT market over the foreseeable future. Countries in the Asia Pacific are involved in the production of defense aircraft, which is anticipated to upsurge the demand for NDT and inspection equipment and services in the aerospace & defense industry. Numerous infrastructural development projects are under construction and scheduled to be constructed in the region during the foreseeable future. On the other hand, the high costs of advanced non-destructive testing equipment and technical complexities involved in the implementation of non-destructive testing are the major factors that could hinder the growth of the global non-destructive testing services market. Other factors, such as the absence of awareness and skilled employees, may also hamper the market growth.

Intended Audience

  • Technology Investors
  • Research/Consultancy firms
  • Government Bodies
  • Service Providers
  • Information Technology (IT) developers
  • Consulting service providers
  • Technology Providers
  • System integrators

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Keywords:    Non-Destructive Testing Services Market