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  5. > Strategic Analysis of the North American Oil and Gas NDT Inspection Services Market

The Market Will Witness Long-term Growth Opportunities Due to the Shale and Oil Sands Petroleum Booms

With global oil prices declining, oil and gas NDT inspection service providers have faced questions regarding their growth strategies going forward. This research service answers these questions and provides an overview of the North American oil and gas NDT inspection services market. It discusses various possibilities of future oil prices and their effect on the market. The study provides revenue forecasts for the period 2015–2019, and a market breakup by vertical, into upstream, midstream, and downstream oil and gas.

Market Overview
Although production from the Alberta oil sands in Canada started in the early 2000s, the actual revolution that has taken over the Canadian oil and gas industry started only in 2010, when sustained high crude oil prices made drilling for heavy crude oil profitable. Similarly, shale gas production started in 2006 but the shale gas industry started gathering momentum in late 2008 before reaching its full potential. Since 2011, high oil prices have enabled the next generation of the shale boom to hit the market.

Considered by industry experts as the great American oil boom, shale oil or tight oil production has changed the global oil and gas industry landscape. In the midst of these petroleum booms in Canada and the United States, the NDT inspection services market has benefitted significantly. Since 2010, the North American oil and gas NDT inspection services market experienced revenue growth higher than % before the recent oil prices crash. In this period, a number of small-to-medium-sized NDT inspection service providers in the Permian basin, the Bakken shale, the Barnett Shale, and the Eagle Ford Shale plays flourished. Leading market participants such as Acuren, TEAM Industrial Services, and the MISTRAS Group grew at over % annually, consolidating this highly fragmented market.

Now, with oil prices approaching historically low levels, there has been growing uncertainty in the North American oil and gas NDT inspection services market. However, this research discovered that although the market is not expected to experience the revenue growth rates of the past years, depending on the oil prices, the market can expect to grow between % and % over the next years. This market was valued at $ million in 2014.

Table Of Contents

Strategic Analysis of the North American Oil and Gas NDT Inspection Services Market
1. EXECUTIVE SUMMARY

Executive Summary
Key Findings
Executive Summary—Market Engineering Measurements

2. MARKET OVERVIEW

Market Overview
Market Definitions
Key Questions This Study Will Answer
Market Segmentation

3. DRIVERS AND RESTRAINTS—TOTAL OIL AND GAS NDT INSPECTION SERVICES MARKET

Drivers and Restraints—Total Oil and Gas NDT Inspection Services Market
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

4. FORECASTS AND TRENDS—TOTAL OIL AND GAS NDT INSPECTION SERVICES MARKET

Forecasts and Trends—Total Oil and Gas NDT Inspection Services Market
Market Engineering Measurements
Forecast Assumptions—Oil Price Volatility Analysis
Revenue Forecast
Revenue Forecast—Scenario Analysis
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast by End-User Vertical
Top Competitors
Competitive Factors and Assessment—Market Feedback

5. US OIL AND GAS NDT INSPECTION SERVICES MARKET

US Oil and Gas NDT Inspection Services Market
Shale Oil and Gas—The Next American Boom
Shale Oil and Gas—Industry Evolution
Shale Oil and Gas—Shale Gas Boom
Shale Oil and Gas—Shale Oil Boom
Shale Oil and Gas—Oil and Gas Production by Play
Shale Oil and Gas—Dry Gas Production by Source
Shale Oil and Gas—Crude Oil Production by Source

6. FORECAST AND TRENDS—THE US NDT INSPECTION SERVICES MARKET

Forecast and Trends—The US NDT Inspection Services Market
Market Engineering Measurements
Revenue Forecast
Revenue Forecast—Scenario Analysis
Revenue Forecast Discussion
Regional Hot Spots
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by End-user Vertical—Upstream Oil and Gas
Revenue Forecast Discussion by End-user Vertical—Midstream Oil and Gas
Revenue Forecast Discussion by End-user Vertical—Downstream Oil and Gas

7. MARKET SHARE AND COMPETITIVE ANALYSIS—THE UNITED STATES

Market Share and Competitive Analysis—The United States
Market Share
Market Share Analysis
Competitive Environment

8. CANADIAN OIL AND GAS NDT INSPECTION SERVICES MARKET

Canadian Oil and Gas NDT Inspection Services Market
Oil Sands—The Canadian Oil Boom
Oil Sands—Industry Evolution
Oil Sands—Crude Oil Boom

9. FORECAST AND TRENDS—CANADIAN OIL AND GAS NDT INSPECTION SERVICES MARKET

Forecast and Trends—Canadian Oil and Gas NDT Inspection Services Market
Market Engineering Measurements
Revenue Forecast
Revenue Forecast—Scenario Analysis
Revenue Forecast Discussion
Revenue Forecast by End-user Vertical
Revenue Forecast Discussion by Vertical Market—Upstream Oil and Gas
Revenue Forecast Discussion by End-user Vertical—Midstream Oil and Gas
Revenue Forecast Discussion by End-user Vertical—Downstream Oil and Gas

10. MARKET SHARE AND COMPETITIVE ANALYSIS—CANADA

Market Share and Competitive Analysis—Canada
Market Share
Market Share Analysis
Competitive Environment

11. THE LAST WORD

The Last Word
The Last Word—3 Big Predictions
Legal Disclaimer

12. APPENDIX

Appendix
Market Engineering Methodology
Additional Sources of Information on the Nondestructive Testing Market
Other Market Participants—The United States
Other Market Participants—Canada

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