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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