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Emerging Growth Markets for Nondestructive Test (NDT) Inspection Services

  • 96 pages, published in June 2013
  • By Frost & Sullivan
  • Report Number: 1363440

Summary

Table of Contents

The emerging markets for NDT inspection services are Brazil, China, India, and South Africa. Surprisingly, of these markets, China is the smallest. This is due to the trend in China wherein end-user industries prefer performing NDT inspections in-house rather than outsourcing. Similar to the global NDT inspection services market, these emerging growth markets are characterized by a large number of competitors, although most participants are relatively small. End-user industries such as oil and gas and power generation are the key drivers. High oil and gas prices have ensured that the operators earn significant revenue. This revenue has been duly invested back into developing the infrastructure in the energy industry.

Executive Summary
•The emerging growth markets for nondestructive test (NDT) inspection services are estimated to generate $Xmillion in revenue in 2012.
•Oil and gas and power generation are the dominant end-user industries in the emerging growth markets.
•Brazil’s revenue contribution to the emerging markets ranks highest, accounting for % of the total market in 2012.
•Contrary to common perception, the Chinese NDT inspection services market is fairly small. It is the smallest of the X growth markets under study, but growth prospects are high.
•The South African market has the highest growth potential with a booming economy providing investment in new power generation infrastructure, which is driving the NDT inspection services market.
•The competitive landscape consists mainly of local participants in Brazil, India, China, and South Africa, with only a few major global companies able to enter the market.
•There are approximately X companies battling in these competitive markets.
•It is expected that over the forecast period consolidations in the market will result from mergers and acquisition.

CEO’s Perspective

1. Brazil is the largest emerging growth market for NDT inspection services.
2. Advanced NDT services are expected to drive revenues in the emerging growth markets.
3. Oil and gas and power generation remain the dominant end-user industries in the emerging markets.
4. Extremely nationalized competition within the market keeps major global participants from gaining a foothold.
5. Quality of service is expected to be the key competitive differentiator over the longer term.

Introduction

The emerging growth markets for NDT inspection services are Brazil, China, India, and South Africa. China is the smallest. In China, end-user industries prefer performing NDT inspections in-house, instead of outsourcing. Brazil is the largest market and generated $X million in 2012. South Africa has the greatest growth potential with a X% CAGR.

Similar to the global NDT inspection services market, the emerging growth markets for NDT inspection services are characterized by a large number of competitors, although most participants are relatively small. These participants, often referred to as the mum and pop shops of the industry, compete in the conventional NDT space. To put things in perspective, India possesses X– market participants competing for a $X million market.

The key driver for the emerging markets in NDT inspection services is the demand from end-user industries such as oil and gas and power generation. High oil and gas prices ensured that these operators earned significant revenue over the past X years. This revenue was invested back into developing the infrastructure in the energy industry.

A common challenge witnessed in the global NDT inspection services market is a lack of qualified technicians. However, this challenge is not witnessed in the emerging markets. India is the NDT education hub and provides trained technicians in country and to other regions like the Middle East. Similarly, in China, SGS India Pvt Ltd (SGS) conducted a training program for approximately X NDT technicians in various disciplines.

The emerging growth markets for NDT inspection services are experiencing high growth amid a difficult economic environment and are expected to continue growing over the next 5 years.

Definitions

For this study, the emerging growth markets for NDT inspection services have been segmented by end-user industry as follows:

Oil and Gas Upstream
Inspection of oil wells and rigs, both on- and offshore; and of drill pipes and drill collars, referred to as tubular goods inspection.
Inspection of welds on the gathering lines, which connects the oil well to a gathering station or tank battery.

Oil and Gas Midstream
Inspection of infrastructure such as tank batteries, compressor stations, and pump stations; and of welds on the new construction pipelines connecting the gathering stations to the refineries.
Assessment of erosion and corrosion on the maintenance of pipelines.

Oil and Gas Downstream
Inspection of refineries and petrochemical and of chemical plants driven by regulations.

Power Generation
Inspection of energy, utilities, co-generation, renewable, and non-renewable power plants.

Others
Inspection of aerospace, automotive, transportation, shipbuilding, and manufacturing industries; and of process industries such as pulp and paper and sugarcane.

Geographic Scope

Brazil
South Africa
India
China

Key Questions This Study Will Answer

Which are the emerging growth markets for NDT inspection services?
What are the key growth drivers and restraints for the emerging markets?
Who are the major participants in these markets, and what are their market shares?
Which are the strategic growth end-user industries?
What are the biggest challenges that market participants need to overcome to achieve growth?

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