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Non-Destructive Testing Services Market Drivers, Restraints and Industry Forecast By 2027
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The global non-destructive testing services market is growing by leaps and bounds. Non-destructive testing (NDT) services are garnering rapid popularity due to the need to ensure the prevention of accidents and promote safety for workers during overhauling & maintenance. Besides, the market growth attributes to the rise in demand for improving the quality and longevity of machines drive the growth of the market. Moreover, the growing adoption of NDT services across the major heavy industries escalates market growth.
The report is segmented into five dynamics;
By Product : Traditional Non-Destructive Testing Services And Advanced Non-Destructive Testing Services.
By Type : Ultrasonic, Radiography, Liquid Penetrant, Magnetic Particle, Eddy-Current, Visual Inspection, and others.
By Application : Flaw Detection, Leak Detection, Dimensional Measurement, Estimation of Physical Properties, Chemical Composition Determination, Stress & Structure Analysis, and others.
By Vertical : Aerospace & Defense, Automotive, Oil & Gas, Infrastructure, Power, and others.
By Regions : Americas, Europe, APAC, and Rest-of-the-World.
Highly competitive, the non-destructive testing services market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players adopt strategies such as mergers & acquisitions, collaborations, and product/technology development. Substantial investments are transpired to develop products and expand global footprints. Most players adopt organic business strategies, whereas tier I & II companies accentuate the inorganic business strategies to achieve their goals.
Top key players
Players leading in the non-destructive testing services market are Olympus Corporation (Japan), MISTRAS Group, Inc. (US), GE Inspection Technologies (US), SGS SA (Switzerland), Intertek Group PLC (UK), Olympus Corporation (Japan ), Ashtead Technology, Inc. (US), Nikon Metrology, Inc. (US), Sonatest Ltd. (UK), Fujifilm Holdings Corporation (Japan), and Bosello High Technology SRL (Italy), among others.
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