Global Non-Destructive Testing (NDT) Services Industry

Non-Destructive Testing (NDT) Services market worldwide is projected to grow by US$4.4 Billion, driven by a compounded growth of 8.1%. Visual Inspection Testing (VT), one of the segments analyzed and sized in this study, displays the potential to grow at over 8.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.1 Billion by the year 2025, Visual Inspection Testing (VT) will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 6.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$150.8 Million to the region’s size and clout in the next 5 to 6 years. Over US$128.9 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Visual Inspection Testing (VT) will reach a market size of US$69.2 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 12.1% over the next couple of years and add approximately US$1.2 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, Ashtead Technology Ltd.; GE Oil & Gas Digital Solutions; Intertek Group PLC; Misumi Group, Inc.; TUV Rheinland AG; YXLON International GmbH; Zetec Inc.