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Ultrasonic Testing Market
The Ultrasonic Testing Market is anticipated tog row at a significant CAGR during the forecast period (2021-2028).
The factors driving the growth of Ultrasonic Testing Market includes growing application of Ultrasonic Testing in metals, plastics, steel and alloy, rising investments on oil and gas pipelines across the globe, increasing production of electric vehicles and strict regulations imposed by Government. According to the report published by IEA, around 16.5 million units of electric vehicles were sold in 2021, of which China accumulated to half of the global electric sales, amounted for around 3.3 million during the same year, which is expected to boost the Ultrasonic Testing Market Global Industry in the approaching years. Moreover, the increasing number of shipyard construction projects, rising Government expenditure on improving the public infrastructure, technological advancements in the asset testing technologies and rising disposable incomes, are some of the additional factors supplementing the Ultrasonic Testing Market size.
However, the growth of Ultrasonic Testing Market is hindered due to inadequate availability of skilled labors and high cost for acquiring automated Ultrasonic Testing machines.
The major players operating in the market are Amerapex Corporation., Ashtead Technology Ltd, Sonotron NDT, Baker Hughes Company, Olympus Corporation, Sonatest, T.D. Williamson, Inc., Zetec, Inc., MISTRAS Group and Intertek Group plc among others.
Services – Segment Analysis
Based on Services, the Inspection Services segment is projected to capture a sizeable market share over the forecast period because the Ultrasonic Testing machines helps to detect flaws, inspect material thickness and dimensional measurement.
Vertical – Segment Analysis
Based on Vertical, the Power generation segment is anticipated to hold the largest market during the forecast period attributed to growing demand for Ultrasonic testing at nuclear power plants around the world.
Regional – Segment Analysis
As per the report Ultrasonic Testing Market Report, the Asia-Pacific region is expected to lead the market over the forecast period. The increasing Government expenditure on infrastructure projects, expansion of defense industry, growing demand for automobiles, high population rates, rising purchasing powers and improvements in the living standard are some of the important factors influencing the market growth in Asia-Pacific.
Market Segmentation
Global Ultrasonic Testing Market by Type
Time-of-flight diffraction
Phased array
Immersion testing
Guided wave
Acoustography
Other
Global Ultrasonic Testing Market by Equipment
Flaw detectors
Thickness gauges
Transducers and probes
Industrial scanners
Tube inspection systems
Bond testers
Imaging systems
Other
Global Ultrasonic Testing Market by Services
Inspection Services
Training Services
Equipment Rental Services
Calibration Services
Global Ultrasonic Testing Market by Vertical
Manufacturing
Oil & Gas
Aerospace
Government Infrastructure
Automotive
Power Generation
Marine
Other
Global Ultrasonic Testing Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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