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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Non-Destructive Testing Equipment Market Regional Analysis
The Asia Pacific is anticipated to witness significant growth over the forecast period. This growth can be attributed to the increased acceptance of non-destructive testing procedures, the presence of various training centres, and the availability of a skilled workforce in the region. The expansion of the manufacturing, oil and gas, and construction sectors is further boosting the market demand. As per the non-destructive testing equipment market analysis, the rising requirement for increased pipeline transportation capacity due to the growing production of crude oil is bolstering the investment towards the development of oil and gas infrastructure, propelling the demand for non-destructive testing equipment.
| CAGR 2024-2032 - Market by | Country |
| India | 8.6% |
| China | 7.2% |
| Canada | 6.2% |
| Germany | 5.4% |
| France | 5.1% |
| USA | XX% |
| UK | XX% |
| Italy | XX% |
| Japan | 4.5% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Non-destructive Testing Equipment Market Report Snapshots
Non-destructive Testing Equipment Market Size
Non-destructive Testing Equipment Market Growth
Non-destructive Testing Equipment Market Trends
Non-destructive Testing Equipment Companies
Non-destructive Testing Equipment Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 3.45 billion in 2023.
The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 6.07 billion by 2032.
The major market drivers include increasing investments towards the restoration and reconstruction of aging infrastructure and growing strictness of safety regulations in various sectors.
The key trends fuelling the growth of the market include expansion of the automotive sector and increasing requirements by the oil and gas sector.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses of non-destructive testing equipment include oil and gas, power and energy, aerospace and defence, automotive and transportation, and construction, among others.
The key players in the market are Baker Hughes Company (Waygate Technologies), Mistras Group, Inc., Previan Technologies, Inc. (Eddyfi Technologies), FUJIFILM Corporation, Comet AG, Sonatest Ltd., Zetec, Inc., Magnaflux, and Vidisco Ltd., among others.
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