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North America NDT and Inspection Market Size, Share & Trends Analysis Report By Offering (Services and Technique), By Vertical (Manufacturing, Public Infrastructure, Automotive, Power Generation, Aerospace, Oil & Gas and Others), By Country and Growth Forecast, 2023 - 2030

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    Report

  • 143 Pages
  • March 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5949506
The North America NDT and Inspection Market would witness market growth of 9.6% CAGR during the forecast period (2023-2030).

The US market dominated the North America NDT and Inspection Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,290.3 million by 2030. The Canada market is experiencing a CAGR of 12.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 11.1% during (2023 - 2030).



Safety remains of the utmost importance within the oil and gas sector, considering the inherent dangers that may arise during the extraction and exploration procedures. The services are of the utmost importance in identifying structural issues, corrosion, and defects in pressure vessels, pipelines, and other equipment to avert catastrophic failures that might result in environmental catastrophes or accidents. Oil and gas exploration frequently occurs in arduous and difficult environments, including offshore drilling platforms and remote locations on land.

Moreover, pipelines are a lifeline of the oil and gas industry, transporting hydrocarbons over vast distances. NDT techniques like ultrasonic, magnetic particle, and radiographic testing are employed to assess pipeline integrity, identify defects, and ensure pipelines can withstand transportation stresses without leaks or failures. Pressure vessels are critical components in oil and gas processing facilities. Ensuring their integrity is vital to prevent catastrophic failures.

The growth of manufacturing in Canada is likely to contribute to the expansion of the market in the country. Like many developed nations, Canada maintains strict regulatory standards across industries. Compliance with these standards necessitates using NDT and inspection techniques to identify and rectify defects or irregularities, ensuring that products and processes meet the required safety and quality criteria. According to Statistics Canada, in 2020, manufacturing revenues reached $24.6 billion. In 2020, net revenues reached $2.47 billion compared to $2.05 billion in 2019. Thus, the growing manufacturing activities in North America will lead to enhanced growth in the regional market.

Based on Offering, the market is segmented into Services (Inspection Services, Equipment Rental Services, Calibration Services, and Training Services) and Technique (Ultrasonic Testing (UT), Magnetic Particle Testing (MPT), Radiographic Testing (RT), Acoustic Emission Testing (AET), Visual Testing (VT), Liquid Penetrant Testing (LPT) and Eddy-Current Testing (ECT)s). Based on Vertical, the market is segmented into Manufacturing, Public Infrastructure, Automotive, Power Generation, Aerospace, Oil & Gas and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • General Electric Company
  • Mistras Group, Inc.
  • Olympus Corporation
  • Eddyfi Technologies
  • Intertek Group PLC
  • Bureau Veritas S.A.
  • TÜV Rheinland AG
  • DEKRA SE
  • Carestream Health, Inc. (Onex Corporation)
  • Creaform, Inc. (AMETEK, Inc.)

Market Report Segmentation

By Offering
  • Services
  • Inspection Services
  • Equipment Rental Services
  • Calibration Services
  • Training Services
  • Technique
  • Ultrasonic Testing (UT)
  • Magnetic Particle Testing (MPT)
  • Radiographic Testing (RT)
  • Acoustic Emission Testing (AET)
  • Visual Testing (VT)
  • Liquid Penetrant Testing (LPT)
  • Eddy-Current Testing (ECT)s
By Vertical
  • Manufacturing
  • Public Infrastructure
  • Automotive
  • Power Generation
  • Aerospace
  • Oil & Gas
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America NDT and Inspection Market, by Offering
1.4.2 North America NDT and Inspection Market, by Vertical
1.4.3 North America NDT and Inspection Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansion
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Mergers & Acquisitions : 2019, Feb - 2023, Oct) Leading Players
4.4.3 Key Strategic Move: (Product Launches and Product Expansions : 2021, Nov - 2023, Nov) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America NDT and Inspection Market by Offering
5.1 North America Services Market by Region
5.2 North America NDT and Inspection Market by Services Type
5.2.1 North America Inspection Services Market by Country
5.2.2 North America Equipment Rental Services Market by Country
5.2.3 North America Calibration Services Market by Country
5.2.4 North America Training Services Market by Country
5.3 North America Technique Market by Region
5.4 North America NDT and Inspection Market by Technique Type
5.4.1 North America Ultrasonic Testing (UT) Market by Country
5.4.2 North America Magnetic Particle Testing (MPT) Market by Country
5.4.3 North America Radiographic Testing (RT) Market by Country
5.4.4 North America Acoustic Emission Testing (AET) Market by Country
5.4.5 North America Visual Testing (VT) Market by Country
5.4.6 North America Liquid Penetrant Testing (LPT) Market by Country
5.4.7 North America Eddy-Current Testing (ECT)s Market by Country
Chapter 6. North America NDT and Inspection Market by Vertical
6.1 North America Manufacturing Market by Country
6.2 North America Public Infrastructure Market by Country
6.3 North America Automotive Market by Country
6.4 North America Power Generation Market by Country
6.5 North America Aerospace Market by Country
6.6 North America Oil & Gas Market by Country
6.7 North America Others Market by Country
Chapter 7. North America NDT and Inspection Market by Country
7.1 US NDT and Inspection Market
7.1.1 US NDT and Inspection Market by Offering
7.1.1.1 US NDT and Inspection Market by Services Type
7.1.1.2 US NDT and Inspection Market by Technique Type
7.1.2 US NDT and Inspection Market by Vertical
7.2 Canada NDT and Inspection Market
7.2.1 Canada NDT and Inspection Market by Offering
7.2.1.1 Canada NDT and Inspection Market by Services Type
7.2.1.2 Canada NDT and Inspection Market by Technique Type
7.2.2 Canada NDT and Inspection Market by Vertical
7.3 Mexico NDT and Inspection Market
7.3.1 Mexico NDT and Inspection Market by Offering
7.3.1.1 Mexico NDT and Inspection Market by Services Type
7.3.1.2 Mexico NDT and Inspection Market by Technique Type
7.3.2 Mexico NDT and Inspection Market by Vertical
7.4 Rest of North America NDT and Inspection Market
7.4.1 Rest of North America NDT and Inspection Market by Offering
7.4.1.1 Rest of North America NDT and Inspection Market by Services Type
7.4.1.2 Rest of North America NDT and Inspection Market by Technique Type
7.4.2 Rest of North America NDT and Inspection Market by Vertical
Chapter 8. Company Profiles
8.1 General Electric Company
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Mistras Group, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Olympus Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 SWOT Analysis
8.4 Eddyfi Technologies
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Product Launches and Product Expansions:
8.4.2.2 Acquisition and Mergers:
8.4.3 SWOT Analysis
8.5 Intertek Group PLC
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Acquisition and Mergers:
8.5.5 SWOT Analysis
8.6 Bureau Veritas S.A.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 TÜV Rheinland AG
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Acquisition and Mergers:
8.7.3 SWOT Analysis
8.8 DEKRA SE
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Partnerships, Collaborations, and Agreements:
8.8.4.2 Geographical Expansions:
8.8.5 SWOT Analysis
8.9 Carestream Health, Inc. (Onex Corporation)
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Creaform, Inc. (Ametek, Inc.)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.6 SWOT Analysis

Companies Mentioned

  • General Electric Company
  • Mistras Group, Inc.
  • Olympus Corporation
  • Eddyfi Technologies
  • Intertek Group PLC
  • Bureau Veritas S.A.
  • TÜV Rheinland AG
  • DEKRA SE
  • Carestream Health, Inc. (Onex Corporation)
  • Creaform, Inc. (AMETEK, Inc.)

Methodology

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