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Non-Destructive Testing Market in Oil and Gas Market Size (2024 - 2029)

The non-destructive testing (NDT) market in the oil and gas sector is experiencing growth driven by the increasing complexity of machinery, the necessity for precise product usage specifications, and the stringent enforcement of safety regulations. This expansion is further supported by the heightened safety measures implemented globally in response to past incidents such as refinery and pipeline explosions. Ultrasonic testing is anticipated to see significant growth due to its effectiveness in detecting material property changes, particularly in identifying corrosion in underwater or buried pipelines. Despite the challenges posed by the COVID-19 pandemic, which disrupted global supply chains and industrial productivity, the market's demand for NDT services continues to rise.

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Market Size of Non-Destructive Testing Industry in Oil and Gas Market

Non-Destructive Testing Market in Oil and Gas Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
CAGR 6.52 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Non-Destructive Testing Market in Oil and Gas Market Major Players

*Disclaimer: Major Players sorted in no particular order

Non-Destructive Testing in Oil and Gas Market Analysis

The non-destructive testing (NDT) market in oil and gas is expected to register a CAGR of 6.52% during the forecast period.

  • According to the British Institute of Non-Destructive Testing, more than 25,000 inspections are done every day in factories and on-site in the UK to find flaws and damage in a wide range of products, plants, and structures. It is thought that more than 120,000 inspectors are working around the world.
  • The NDT market is driven by the increasing complexity of machines, the need for accurate product usage specifications, the strict enforcement of government rules to keep workers safe, and the need for tighter quality control.
  • As a result of refinery leaks, pipeline explosions, and refinery explosions in the past, governments around the world have tightened safety rules for NDT, which has helped the market grow.
  • Significant growth is expected in ultrasonic testing. This is where the broadcast of low-frequency waves (20 kHz to 100 kHz) can detect and identify changes in material properties, often indicating that the mechanical integrity of the part is compromised. This is frequently used to detect corrosion in underwater or buried pipelines.
  • The COVID-19 pandemic outbreak turned out to be unfavorable and unforeseen for almost all industries globally, including automotive, construction, airlines, and manufacturing. As a precaution, many governments around the world put lockdowns in place to stop the spread of the new coronavirus and its bad effects.
  • The disrupted global supply chain and decreased industrial productivity strained the global economy. The companies' production and manufacturing capabilities were also disrupted due to the sudden outbreak of the virus.

Non-Destructive Testing in Oil and Gas Industry Segmentation

Non-Destructive Testing (NDT) is the process of inspecting, testing, or evaluating materials, components, or assemblies for discontinuities or differences in characteristics without destroying the serviceability of the part or system. Aerospace, defense, oil and gas, power generation, and automotive are leading sectors that use NDT techniques to ensure the quality of products. These sectors use the NDT test to determine the physical properties of materials such as impact resistance, ductility, yield, ultimate tensile strength, fracture toughness, and fatigue strength. Visual testing is the most widely used nondestructive testing (NDT) method. The market is segmented by Type (Equipment, Services), Type (Upstream, Midstream, Downstream), Technique (Ultrasonic, Radiography, Visual Inspection, Liquid Penetrant), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

The market sizes and forecasts are provided in terms of value (in USD million) for all the above segments.

By Type
Equipment
Services
By Type
Upstream
Midstream
Downstream
By Technique
Ultrasonic
Radiography
Visual Inspection
Liquid Penetrant
Others (Magnetic Particle & Eddy Current)
By Geography
North America
Europe
Asia-Pacific
Rest of the World
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Non-Destructive Testing Market in Oil and Gas Market Size Summary

The non-destructive testing (NDT) market within the oil and gas sector is poised for significant growth, driven by the increasing complexity of machinery and stringent safety regulations. The demand for NDT is fueled by the necessity for precise product specifications and enhanced quality control measures, particularly in response to past incidents such as refinery and pipeline explosions. The market is witnessing a notable expansion in ultrasonic testing, which is crucial for detecting corrosion in pipelines. The adoption of advanced technologies, such as camera-equipped drones, has further transformed the NDT landscape, improving safety and efficiency by allowing inspections in hazardous or confined spaces without the need for human presence. These technological advancements are expected to bolster the market's growth trajectory over the forecast period.

Regionally, North America, particularly the United States and Canada, is anticipated to experience robust growth in the NDT market due to the surge in oil and gas projects. The United States, with its vast shale gas and tight oil reserves, alongside Canada's significant oil sands production, underscores the critical role of NDT in maintaining safety and operational efficiency. The competitive nature of the NDT market is highlighted by the entry of numerous companies capitalizing on the increasing regulatory requirements and the need for regular equipment inspections. Key industry players are actively engaging in collaborations and technological innovations to enhance their service offerings, further propelling market growth.

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Non-Destructive Testing Market in Oil and Gas Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Stakehholder Analysis

    3. 1.3 Market Drivers

      1. 1.3.1 Rising need to run refinery assets at full cap

      2. 1.3.2 Upstream sector expected to gain momentum in key markets

    4. 1.4 Market Challenges

      1. 1.4.1 Production cuts and lack of skilled workforce

    5. 1.5 Assessment of the Impact of COVID-19 on the Market

    6. 1.6 Comparative Analysis of NDT Equipment VS Service Industry

    7. 1.7 Market Opportunities

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Equipment

      2. 2.1.2 Services

    2. 2.2 By Type

      1. 2.2.1 Upstream

      2. 2.2.2 Midstream

      3. 2.2.3 Downstream

    3. 2.3 By Technique

      1. 2.3.1 Ultrasonic

      2. 2.3.2 Radiography

      3. 2.3.3 Visual Inspection

      4. 2.3.4 Liquid Penetrant

      5. 2.3.5 Others (Magnetic Particle & Eddy Current)

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia-Pacific

      4. 2.4.4 Rest of the World

Non-Destructive Testing Market in Oil and Gas Market Size FAQs

The Non-Destructive Testing Market in Oil and Gas Market is projected to register a CAGR of 6.52% during the forecast period (2024-2029)

YXLON International, Fujifilm Corporation, Olympus Corporation, Bureau Veritas SA and Magnaflux Corp are the major companies operating in the Non-Destructive Testing Market in Oil and Gas Market.

NDT in Oil and Gas Market Report Snapshots

NDT in Oil & Gas Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)