Non-Destructive Testing (Ndt) Equipment Market Size to grow by USD 866 million between 2024-2028
Technavio, a leading provider of market research reports, has released its latest study on Non-Destructive Testing (Ndt) Equipment Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
Key Highlights:
The market size is estimated to grow by USD 866 million, at a CAGR of 5.79% during the forecast period. In the realm of Non-Destructive Testing (NDT), ultrasonic testing has emerged as a preferred method for industrial applications due to its numerous advantages over traditional techniques such as radiography or computed tomography. Ultrasonic testing utilizes high-frequency sound waves to pinpoint defects with great precision, offering several benefits. It accurately measures defect height, effectively detects planar flaws, does not emit radiation, generates no waste material, and does not require the use of chemicals. Regulatory bodies like the American Society of Mechanical Engineers (ASME) and the American Petroleum Institute (API) have issued codes permitting the substitution of radiography testing with ultrasonic testing in certain applications, making it a cost-effective and eco-friendly solution for NDT.
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The Non-Destructive Testing (NDT) equipment market witnesses significant growth due to the increasing demand for efficient and accurate inspection techniques in various industries. This market is driven by factors such as stringent regulatory requirements, rising safety concerns, and the need for predictive maintenance. Advanced NDT technologies, including phased array ultrasonic testing, eddy current testing, and magnetic particle inspection, are gaining popularity for their ability to detect defects without causing damage to the tested components. The market is expected to continue its expansion, fueled by technological innovations and the growing awareness of the benefits of NDT in ensuring product quality and safety.
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