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Pune, India, Jan. 25, 2022 (GLOBE NEWSWIRE) — The global non-destructive testing market is set to gain momentum from the ongoing technological advancement in wireless sensors and IoT for generating higher accuracy in testing results. In March 2021, for instance, Zetec Inc. unveiled a scanner named ElbowFlex for detecting flow accelerated corrosion and measuring wall thickness on pipe elbows . It can be used in industrial, manufacturing, petrochemical, and oil & gas applications. This information is given by Fortune Business Insights™ in a report, titled, “Non-Destructive Testing (NDT) Market, 2021-2028.” As per the report, the market size was USD 7,160.0 million in 2020. It is projected to grow from USD 6,300.0 million in 2021 to USD 14,800.0 million in 2028 at a CAGR of 12.98% in the forecast period.
Cancellation of Commercial Aircraft Delivery to Hamper Growth
The COVID-19 pandemic has impacted the aviation industry negatively because of the implementation of travel bans by governments of various countries worldwide. The International Bank for Reconstruction and Development (IBRD), for instance, declared that approximately 4.3 million air-passengers were carried globally in 2019. This number declined drastically in 2020. Also, cancellation or postponement of commercial aircraft delivery is hampering the demand for NDT.
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Companies covered in non-destructive testing industry are:
- Acuren Inspection Inc. (The US)
- Ashtead Technology (The UK)
- Bosello High Technology Srl (Italy)
- Eddyfi (Canada)
- Fischer Technology Inc. (The US)
- Fprimec Solutions Inc. (Canada)
- General Electric (The US)
- Labquip NDT Limited (The UK)
- LynX Inspection (Canada)
- Magnaflux Corporation (The US)
- Mistras Group (The US)
- NDT Global GmbH & Co. Kg (The US)
- Nikon Metrology (Japan)
- Olympus Corporation (Japan)
- Sonatest Ltd. (The UK)
- TD Williamson, Inc. (The US)
- YXLON International GmbH (Denmark)
Segments-
Ultrasonic Testing Segment Held 27.23% in 2020: Fortune Business Insights™
By the technique, the market is segregated into ultrasonic testing, visual inspection testing, magnetic particle testing, liquid penetrant testing, eddy current testing, radiographic testing, and acoustic …
Full story available on Benzinga.com
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