Submit Press Release GroupWeb News Network Africa Alabama Alaska Arizona Arkansas Asia California China Colorada Connecticut Washington DC Delaware Florida France Georgia Germany Ghana Hawaii Idaho Illinois India Indiana Iowa Italy Japan Kansas Kentucky Korea Lousiana Main MaryLand Massachusetts Michigan Minnesota Mississippi Misouri Motana Nebraska Nevad New Hampshire New Jersey New Mexico New York Nigeria North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island Rhode Island Russia South Africa South Carolina South Dakota Spain Tennessee Texas UK Utah Vermont Virginia Washington Weather West Virginia Wisconsin

Home | Search Global IT News: IT News & Press Release Distribution: Non-Destructive Testing (NDT) Market Worth $15.07 Billion by 2028 - Exclusive Report by Meticulous Research® (IT-NEWSWIRE.COM, July 27, 2022 ) According to a new market research report titled, “Non-Destructive Testing Market by Solution (Instruments, Software, Testing Services), Method (Volumetric, Surface Examination), End-User (Oil & Gas, Automotive & Heavy Engineering, Aerospace & Defense, Power Generation)– Global Forecast to 2028’, published by Meticulous Research®, the non-destructive testing (NDT) market is expected to grow at a CAGR of 7.4% from 2021 to 2028 to reach $15.07 billion by 2028. Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5118 NDT includes a comprehensive range of methods used to evaluate the properties of a part, material, product, or system without causing any effect on the integrity of the unit being inspected or investigated under the test procedure. These tests find its applications across multiple industry verticals, such as automotive & heavy engineering, aerospace & defense, oil & gas, power generation, and manufacturing. NDT is widely used in manufacturing & process industries as it increases the quality & ergonomics of products, maintains safety standards in factories, and supports in the maintenance & inspection. The non-destructive testing market is driven by factors such as stringent government regulations regarding the safety of assets, rising need to assess the structural integrity of aging infrastructure, and application of advanced materials in manufacturing processes. However, the lack of proper training for NDT personnel and the expensive nature of NDT equipment are factors restraining the growth of this market. Impact of COVID-19 on the Non-Destructive Testing Market The COVID-19 pandemic had a significant impact on most industries, with some industries either shutting down operations completely following the directives issued by local governments or running operations with minimal staff to ensure the safety of the workforce. Manufacturing units around the world halted operations temporarily. The retail sector recorded a sharp decline in footfalls, and the revenues of major companies decreased significantly. Non-destructive testing, which is an important industrial process, was severely impacted due to reduced economic activity across various industries. The pandemic effect on the NDT industry was higher due to declined automotive production, reduced requirement of petroleum products, disrupted supply chain, and compromised investments. Further, the global travel ban also severely impacted the aerospace industry with ~40% to 60% reduction in passenger traffic across major regions. Despite huge losses, the market is expected to witness a slow recovery once the situation normalizes. Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5118 The global non-destructive testing market is segmented based on solution (instruments, software, testing services, and ancillary services), method (volumetric examination, surface examination, visual examination, and others), and end user (oil & gas, automotive & heavy engineering, aerospace & defense, power generation, manufacturing, public infrastructure, medical & healthcare, and others), and geography. Based on solution, the NDT market is segmented into instruments, software, testing services, and ancillary services. In 2021, the testing services segment is estimated to account for the largest share of the overall NDT market. Moreover, this segment is also expected to grow at the highest CAGR during the forecasted period. The increasing demand for safety standards in process industries, rising need to examine aging public infrastructure, and increasing efficiency of assets are the major drivers for the growth of this segment. Safety standards are becoming increasingly stringent across many industrial sectors. The demand for non-destructive testing services is majorly driven by industries, such as aerospace & defense, power generation, automotive, and manufacturing, which are constantly innovating their product offerings and services to increase safety and efficiency. Based on method, the non-destructive testing market is segmented into volumetric examination, surface examination, visual examination, and others. In 2021, the volumetric examination segment is estimated to command the largest share of the overall NDT market. The large share of this segment is primarily attributed to the widespread use of volumetric examination in the oil & gas industry to inspect pipelines carrying oil for petroleum refining processes and growing research & development in advanced materials for the manufacturing industry to deliver products with better weight-to-strength properties and aesthetics. However, the visual examination segment is projected to grow at the highest CAGR during the forecast period. Quick Buy – Non-Destructive Testing Market Research Report: https://www.meticulousresearch.com/Checkout/90396838 Based on end user, the NDT market is segmented into oil & gas, automotive & heavy engineering, aerospace & defense, power generation, manufacturing, public infrastructure, medical & healthcare, and other end users. In 2021, the oil & gas segment is poised to account for the largest share of the overall NDT market. This can be attributed to the increasing demand for energy across the globe; rising need to maintain safety, integrity, reliability of plant & machineries; and stringent environmental protection laws and other regulations. This research report analyzes major geographies and provides a comprehensive analysis for North America (U.S. and Canada), Europe (France, Germany, Spain, Italy, U.K., and Rest of Europe), Asia-Pacific (China, India, Japan, and RoAPAC), Latin America, and the Middle East & Africa. In 2021, North America is expected to command the largest share of the global non-destructive testing market, followed by Asia-Pacific and Europe. North America's large share can be attributed to the presence of large-scale manufacturing industries in the region, especially in the automotive & heavy engineering, oil & gas, aerospace & defense, and power generation sectors. Further, the demand for non-destructive testing has increased significantly due to the growing need to monitor the structural health and integrity of assets and carry out predictive maintenance among various industries. These market conditions provide vast opportunities for non-destructive testing market players operating in North America. However, the Asia-Pacific region is projected to show lucrative growth potential for the non-destructive testing market during the analysis period. The high growth of this regional market is attributed to the steady inflow of foreign direct investments in the region, rising demand for remote visual inspection of assets in the regional aerospace industry, stringent government safety rules, and growing use of automated NDT devices in the power industry due to increasing investments in nuclear energy, and other non-renewable energy sources. The key players operating in the global non-destructive testing market are Mistras Group Inc. (U.S.), Olympus Corporation (Japan), Nikon Metrology Inc. (U.S.), Magnaflux Corporation (U.S.), Zetec Inc. (U.S.), Eddfyi Technologies (Canada), YXLON International GmbH (Germany), Sonatest Ltd. (U.K.), Carestream Health (U.S.), Intertek Group Plc (U.K.), and SGS SA (U.S.) among others. To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/non-destructive-testing-market-5118 Non-destructive Testing Market Scope: NDT Market, by Solution Instrumentation Detectors Transducers & Probes Gauges Scanners Microscopes Others (UV Lamps, Indicators, & Meters) Software Testing Services Acoustic Emission Testing Eddy Current Testing Alternating Current Field Measurement (ACFM) Remote-field Testing (RFT) Eddy-current Array (ECA) Magnetic Particle Testing Liquid Penetrant Testing Radiography Testing X-ray Testing Gamma-ray Testing Computed Radiography Film Radiography Direct Radiography (Real-time) Ultrasonic Testing Straight Beam Testing Angle Beam Testing Immersion Testing Guided Wave Testing Phased Array Testing Time-of-flight Diffraction (TOFD) Visual Testing Unaided Visual Inspection Aided Visual Inspection Others Ancillary Services Equipment Rental Services Training Services Calibration Services NDT Market, by End User Oil & Gas Automotive & Heavy engineering Aerospace and Defense Power Generation Manufacturing Public Infrastructure Medical & Healthcare Others NDT Market, by Method Volumetric Examination Surface Examination Visual Examination Others NDT Market, by Geography North America U.S. Canada Europe Germany U.K France Italy Spain Rest of Europe Asia-Pacific (APAC) China Japan India Rest of RoAPAC Latin America Middle East and Africa Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5118 Meticulous Research™ chhagan yadav +91 744-7780008 chhagan.y@meticulousresearch.com Source: EmailWire.Com Source: EmailWire.com

Information Technology Resources Application Software Bioinformatics Computers Computer Games Enterprise Software Graphics/Printing/CAD Hardware/Peripheral industrial Computers Information Internet Multimedia Networking Public Sector Robotics Semiconductor Software Telecommunications Webmaster Information Technology (IT) Advertisement Information Technology Sponsors Information Technology Publications We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Information Technology resource center today to browse our selection of 600+ complimentary Information Technology magazines, white papers, webinars, podcasts, and more. Get popular titles including: The Integration Journey—a Field Guide to Enterprise Integration for SOA Government Technology\'s Public CIO Protecting Content During Business Disruption: Are You Covered? No credit cards, coupons, or promo codes required. Try it today!