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  5. > Beyond BRIC—Strategic Analysis of the Middle East and North African NDT Inspection Services Market : Indestructible Oil and Gas Investment Driving Growth

This report gives a strategic overview of the Middle East and North Africa (MENA) NDT inspection services market. In this region, Saudi Arabia is the largest market for NDT inspection services and is growing rapidly due to investment in the oil and gas and the power generation infrastructure in the country. Declining oil and gas prices are a threat to the market, though it is expected that this will not substantially impact the market. Even if the oil and gas industry is hit by the oil prices, it is expected that there will be increased investment in the power generation industry. This will offset any slowdown in the NDT inspection services market due to a slowdown in the oil and gas industry.

Key Findings

Saudi Arabia is the biggest market for nondestructive testing (NDT) inspection services in Middle East and North Africa (MENA) and is expected to grow at x % compound annual growth rate (CAGR) over the next five years. The key driver is continued investment in new oil and gas projects by Saudi Aramco.
The global challenge of a lack of certified technicians is not present in this region, however, there is a lack of skilled technicians. Most technicians in MENA are trained in India and they are often not trained well or do not possess certificates with the requisite training.
European companies are expanding their footprint in this region with Bureau Veritas and Intertek Group, PLC having made investments in this region through acquisitions over the past two years. It is expected that more global companies will increase their footprint in this region.
NDT & Corrosion Control Services is the largest company in the region that focuses on the Saudi Arabia and the United Arab Emirates (UAE) markets. Competition in every other country is extremely local.
Turkey, Iraq, and Oman have good growth prospects over the next five years. Specifically, Turkey will be a key market for European companies with the accession of the country to the European Union.

CEO’s Perspective

Competition regarding price is increasing in the region due to the proliferation of Korean and Indian NDT inspection service providers.
Other than in the GCC, conventional NDT technology is the preferred choice for performing NDT in the region.
Advanced NDT is important in GCC and particularly Saudi Arabia, with Saudi Aramco leading the way in creating an atmosphere for more use of advanced NDT.
Iraq, Libya, and Turkey provide good growth opportunities, although there are security concerns in Iraq and Libya.
Competition is mostly local, with 80% of the participants based locally in the region.

Market Definitions

•The scope of this research is limited to the third-party NDT inspection service providers in Middle East and North Africa.
•Market revenue includes revenue of only third-party NDT inspection services providers and not cost for in-house NDT inspection.
•The geographic scope is limited to the Middle East and North Africa. This has been further segmented into:
oGulf Cooperation Council (GCC)—Saudi Arabia, United Arab Emirates (UAE), Kuwait, Qatar, Bahrain and Oman
oRest of Middle East—Iraq, Yemen, Lebanon, Jordan, and Turkey
oNorth Africa—Algeria, Tunisia, Morocco and Libya
The vertical market segments include:
•Upstream Oil and Gas—inspection on oil wells and rigs; inspection of drill pipes, drill bits, and drill collars (commonly referred to as tubular goods); and inspection of the casing, platforms, and any infrastructure that exists on the platform.
•Midstream Oil and Gas—inspection of infrastructure such as tank batteries, compressor stations, and pump stations; inspection of welds on the new construction pipelines and erosion and corrosion assessment on existing pipelines including gathering lines connecting the oil wells with the gathering station or the tank battery, transmission lines connecting the gathering stations to the refineries and the distribution lines.
•Downstream Oil and Gas—inspection at refineries and petrochemical complexes, both new construction and maintenance.
•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 inspection of process industries such as pulp and paper and sugarcane.
The technology segments include:
•Conventional NDT—includes liquid and dye penetrant testing, magnetic particle testing, conventional ultrasonic testing, conventional film radiography, and visual testing.
•Advanced NDT—includes automated ultrasonic, phased array ultrasonic testing, guided wave ultrasonic testing, digital radiography, acoustic emission, alternating current field measurement (ACFM), eddy current, laser based NDT techniques or any other application specific NDT technique using multiple conventional techniques.

Key Questions This Study Will Answer

Which MENA NDT inspection services market is fastest growing? Where lies the opportunity for growth?
What are the key growth drivers and restraints for the MENA NDT inspection services market?
Who are the major participants in these markets, and what are their market shares? Is the market experiencing mergers and acquisitions?
Is oil and gas still the biggest vertical market in MENA? What is the future direction?
What are the biggest challenges that market participants need to overcome to achieve growth? What are key trends the participants should be aware of?
What is the impact of oil prices on the MENA NDT inspection services market?

Table Of Contents

Beyond BRIC—Strategic Analysis of the Middle East and North African NDT Inspection Services Market : Indestructible Oil and Gas Investment Driving Growth
Executive Summary
Market Overview
Total NDT Inspection Services Market
•Drivers and Restraints
•Forecast and Trends
•Market Share and Competitive Analysis
GCC Region Breakdown
Rest of Middle East Region Breakdown
North Africa Region Breakdown
The Last Word

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