United States NDT Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The United States NDT equipment market will register a CAGR of 8.12% over the forecast period. Non-destructive testing is mostly used to assess whether a component is compromised or if a replacement is necessary. The tests are made to ensure that both the testers and the tested products are safe.

Key Highlights

• The aspect that has substantially contributed to the growth of the NDT equipment market throughout the region is the optimization of maintenance activities by various industries to maintain machine safety and effective performance.
• Moreover, The automotive, infrastructure, aerospace, power generation, petrochemical, and mechanical sectors are some of the end-user industries that demand non-destructive inspection (NDI) at each stage. Technological advancements in the telecommunications and medical industries are primarily driving the expansion of this market.
• Modern NDT techniques with enhanced fault identification and safety have been developed as a result of technological advancements. Furthermore, it is anticipated that improved adoption of NDT techniques in the upcoming years will result in manufacturers becoming more aware of the usage of NDT.
• However, the high cost of equipment and lack of skilled technicians who can conduct the test with the proper reference standards and thorough interpretation of the results, as well as an increase in pipeline sabotage threats, would hamper the market growth.
• The market for non-destructive testing equipment has experienced a slowdown in growth since the introduction of COVID-19, and this trend is anticipated to continue. The main cause of this slowdown is the widespread use of partial or total lockdowns in numerous nations worldwide.

United States NDT Equipment Market Trends

Ultrasonic Testing to Witness the Growth

• Ultrasonic testing is one of the NDT techniques that are most frequently utilized. With the help of probe-generated high-frequency sound waves, ultrasonic testing equipment scans the material. These probes track the return of sound waves from a substance, and instrumentation displays the findings for examination.
• An efficient nondestructive testing technique for checking the quality of concrete materials and spotting damage to structural elements is ultrasonic pulse velocity (UPV). Equipment sales have increased due to the expansion of the US construction industry in recent years. It was anticipated that there would be a focus on constructing new infrastructure and fixing current capital assets that create safety issues after the presidential election. Public-private partnerships (PPPs) are additionally anticipated to rise for significant infrastructure projects.​
• Over the next few years, pipeline construction projects like the Pecos Trail Pipeline Project, Penn East Pipeline Project, and Atlantic Coast Pipeline are among those that will be finished. Over the following several years, it is anticipated that these projects will significantly increase demand in the nation for ultrasonic nondestructive testing equipment.
• Additionally, the effectiveness of defect identification and ease of operation of ultrasonic equipment, compared to other NDT equipment, are the primary factors driving the expanding use of the ultrasonic test method throughout the region.
• According to the US Census Bureau, with USD 79.9 billion reported in 2020, the value of new commercial buildings has returned to pre-recession levels. Construction starts in the United States are projected to be worth USD 135 billion in the last year. In 2019, private offices were the nation's most widely used commercial development. In the upcoming years, private offices, warehouses, and shopping/retail centers are anticipated to be preferred. The US ultrasonic NDT testing gear market may rise due to the expanding growth of the construction industry.

Power and Energy is to Witness the Growth

• Since most of these established plants are older and were built using materials, standards, and components that complied with industry norms at the time of construction, they exhibited an increased demand for non-destructive testing equipment.
• Assuring the safety, integrity, and dependability of plant equipment, such as pressure vessels, boilers, heat exchangers, pipework, and pipelines, is the primary goal of NDT applications in the power sector. As these materials frequently play a crucial role in constructing such plant equipment, inspecting concrete structures is a component of plant life evaluation.
• Unlike nuclear power plants, where NDT techniques are used to inspect rods, miniature valves, waste containers, and waste management infrastructure, the power industries use NDT techniques to check pressure systems, steam turbines, and gas turbines, which presents opportunities for market growth throughout the region.
• Additionally, it is anticipated that increased use and adaptability of digital imaging technology will improve the cost-effectiveness of NDT equipment approaches in the power generation sector. With innovative NDT equipment approaches, continuous data gathering, storage, online inspection, enhanced real-time data modeling, and information interpretation are also possible. More opportunities are being created in the industry thanks to these strategies.

United States NDT Equipment Industry Overview

The US NDT equipment market is moderately consolidated, with many businesses with a very small market share. The main elements fostering the market's fragmented nature are the growth of regional markets and the rising participation of local companies in foreign direct investments.

• August 2022 - Baker Hughes announced it has agreed to acquire the Power Generation division of BRUSH Group from One Equity Partners. BRUSH is an established equipment manufacturer specializing in electric power generation and management for the industrial and energy sectors. This acquisition supports Baker Hughes' strategic commitment to lead in providing decarbonization solutions for the natural gas industry, and historically hard-to-abate sectors with the company also plan to optimize its supply chain by leveraging BRUSH Power Generation's manufacturing base and expanding its scope on customer projects in both the industrial and energy sectors.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

This product will be delivered within 2 business days.