1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
Ultrasonic NDT Testing Equipment Market - Growth, Trends, Forecasts (2020-2025)

Ultrasonic NDT Testing Equipment Market - Growth, Trends, Forecasts (2020-2025)

  • October 2020
  • 125 pages
  • ID: 5993760
  • Format: PDF
  • Mordor Intelligence LLP
Up to $750 off Until Apr 30th 2021

Summary

Table of Contents

Search Inside

The ultrasonic NDT testing equipment market is expected to register a CAGR of 7.5%, over the forecast period (2020-2025). Developing countries continue to consume vast amounts of natural gas, while the demand is increasing in developed countries. The increased demand is causing the expansion of pipelines and refineries, due to which, there is a surge in the ultrasonic NDT testing market.

- The major drivers for the ultrasonic non-destructive testing (NDT) equipment market’s growth include the increasing investments in infrastructure-related activities, government safety regulations, and mandating the use of NDT techniques for gaining clearances. One of the challenges faced by societies worldwide is creating and sustaining an adequate and safe infrastructure to meet the future population’s needs. Countries are looking to save money for the improvement of transportation infrastructure since it is a major national priority.
- The increasing safety regulations across various end-users and countries are expected to increase NDT technology demand and different evaluation techniques. Several governmental agencies and regional bodies worldwide formulated stringent measures, primarily for assuring buildings’ safety. These measures have mandated the use of NDT and other evaluation techniques for conducting fitness checks.
- For instance, stringent regulations mandating worker safety, due to the increasing instances of infrastructure failures, such as refinery blasts, leakages in nuclear reactors, and pipeline explosions, in the recent years, have prompted governments across the world to enact stringent safety regulations, thus, driving increased adoption of ultrasonic NDT equipment.
- Moreover, IoT solutions are being increasingly adopted across industries for optimizing operations, productivity, and safeguarding the environments. Industries such as manufacturing, oil & gas, food & beverage, utilities, and many more, face intense competition; hence, they are increasingly investing in new technologies that leverage the capabilities of IoT, cloud, and Big Data analytics to enhance their ability to innovate maximize return on their assets.
- With the advent of Industry 4.0, trends like Industrial IoT (IIoT), smart manufacturing, smart factory, predictive manufacturing, industrial robots, sensors have made IoT the central backbone of these industries, enabling remote monitoring, continuously scanning capabilities from the equipment on the factory floor, real-time analysis, and supporting new capabilities, such as predictive and continuous maintenance.
- Currently, studied market is witnessing a decline in growth, as end-user industries such as automotive, oil and gas, construction, among others, have been impacted due to lockdown and other social distancing norms. ?According to the Ministry of Statistic and Program Institute (MOSPI) India, the impact of COVID-19 on gross value-added in the construction, manufacturing, and mining sector has accounted for -13.3%,-6.3%, and -14.7%. Thus, the decline in the growth of these industries reduced the demand for NDT activities that impact market growth.

Key Market Trends
Railways are Emerging as a Significant Consumer for Ultrasonic NDT Testing Equipment

- With increasing speeds, railways are facing more risk, due to which, railway companies are looking for newer solutions to monitor fatigues caused by wear and tear. Ultrasonic NDT testing equipment have been adopted to study the tracks and wheels for fatigue.
- The regular and sound diagnostics, coupled with the timely detection of rail defects at early stages, are key elements of the railway transport management system. NDT methods such as ultrasonic testing are gaining widespread prevalence in railway infrastructure for the detection of rail defects, such as transverse cracks, head checks, squats, and other internal defects.
- Moreover, with the expansion of the network, companies are looking for more cost-effective and real-time detection and analysis techniques. The ultrasonic NDT testing equipment are said to become a key component of railway testing and maintenance procedures. China and India have a combined railway network of more than 170,000 km and are the major regions when it comes to the demand for ultrasonic NDT testing equipment in railway applications.
- In March 2020, BhilaiSteel Plant (BSP) in India ramped up its production facilities to meet the Indian Railways’ requirement of running high-speed trains, metro trains, doubling and gauge conversion of railway tracks, as well as for track renewals and laying of new lines. The plant produced 11.65 lakh metric ton of rails in the financial year 2019-2020. The plant is equipped with online NDT (non-destructive testing) equipment, ultrasonic, and eddy-current testing, among other technologies for inspection and testing of the produced rails.

United States Expected to Dominate the Market

- North America is expected to command a prominent share of the market demand owing to the increasing use of testing technology for predictive maintenance, growing adoption in the oil & gas sector, and growing safety regulations in the various industries in the region especially driven by the demand from the country.
- Moreover, the US government is planning to invest highly in the infrastructure sector. For instance, according to Bank of America, city infrastructure investment in the country is expected to record the highest in the transit industry, where industry players can target potential consumers.
- The United States homes many vendors in the market MAGNAFLUX Corporation, GE Measurement & Control, Johnson & Allen, Baker Hughes Inc., Mistras Group, etc. Many vendors in the market are expanding their product portfolio and collaborating with other players in order to develop new advanced instruments or through acquisitions.
- For instance, in June 2020, Acuren Inspection Inc. has announced the acquisition of Suspendem, a leading provider of wind turbine maintenance and inspection services in North America. The acquisition combines Acuren’s substantial experience and capacity in rope access, NDT, and engineering with Suspendem’s specialized expertise in wind turbine services to provide a comprehensive solution to the wind industry.
- Apart from this, many players in the market are launching new ultrasonic non-destructive testing products in order to increase their market share through advanced and enhanced features. For instance, in 2019, Zetec Inc. introduced the NDT Sweeper Scanner, a highly versatile manual 2D encoded scanner for ultrasonic inspections in oil and gas, aerospace, and other applications.
- The United States comprises the most significant market for defense equipment, aircraft systems, and services in the world. As per the General Aviation Manufacturers Association (GAMA), the US manufacturers were responsible for 66.42 % of worldwide shipments in 2019. Ultrasonic non-destructive testing is the most common sub-surface technique and uses high-frequency sound waves to locate defects within a component or material in aircraft. It is primarily used to detect defects in welds, fittings, joints, bolts, and adhesive bond quality.
- Many players in the market are introducing instruments specifically for aerospace requirements due to growing investment in the sector in the past few years. For instance, in 2019, Zetec Inc. has introduced the FlexTrack automated X-Y scanner for non-destructive ultrasonic testing applications of materials and structures used predominantly in aerospace, both in production and maintenance environments.

Competitive Landscape
The Ultrasonic NDT equipment market is highly consolidated due to higher initial investments. It is dominated by a few major players like Baker Hughes, GE Measurement and Control, Intertek Group PKC, Olympus Corporation, and Russell Fraser Sales Pty Ltd. These significant players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are growing their market presence by securing new contracts and tapping new markets.

- October 2020 - Joramco, and Testia, an Airbus company collaborate on launching a new version of the inspection tool, SmartUE1. It is one of the rare tools in the market combining both ultrasonic & eddy current testing and in addition, 6 other modules are available to detect various types of indications such as delaminations, disbondings, fatigue cracks, lack of cladding as well as measuring thickness, coatings, and conductivity. It can also offer a remote assistance connection, linking-up the on-the-field operator with a remote expert for collaboration.
- August 2020 - SONOTEC has launched a contactless ultrasonic testing system, the SONOAIR R&D system. It is capable to detect the most common discontinuities in test objects where the use of conventional liquid coupled ultrasonic testing systems is not possible. Especially multi-layer glass and carbon fiber composites with foam or honeycomb cores can be inspected for delaminations, air inclusions, kissing bonds, or impact damages. Efficient and reliable air-coupled ultrasonic testing of plastics, ceramics, concrete, wood, and other structures is also possible with the SONOAIR system.

Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off

$4250

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Non-Destructive Testing (NDT) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • $ 4250 - $ 3825 - Get 10% off now!
  • March 2021
  • 192 pages

Non-destructive Testing (NDT) market was valued at USD 16.72 billion in 2020 and is expected to reach a value of USD 24.64 billion by 2026, at a CAGR of 6.7% during the forecast period 2021-2026. According ...

  • World
  • APAC
  • Testing Equipment
  • Oil And Gas
  • Industry analysis
  • Crude Oil Price
  • Natural Gas Production

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on