Ultrasonic Non-Destructive Testing (NDT) Equipment Market Share

Market Share of Ultrasonic Non-Destructive Testing (NDT) Equipment Industry

The Global Ultrasonic Non-Destructive Testing (NDT) Equipment Market is consolidated due to higher initial investments. It is dominated by a few major players like Baker Hughes, Intertek Group PKC, Olympus Corporation, and Russell Fraser Sales Pty Ltd. These significant players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are growing their market presence by securing new contracts and tapping new markets.

• October 2021 - Intertek's non-destructive testing (NDT) experts in Derby, United Kingdom, added an X-ray computed tomography (CT) scanner to the company's extensive laboratory of advanced technology. The scanner has 240 kV microfocus and 450 kV mini focus capability. CT scanning combines multiple X-ray images taken from different angles as the inspected object is slowly rotated. Specialized software combines these images to create a three-dimensional model that can be analyzed to identify internal features and potential defects such as cracking, porosity, and delamination.
• September 2021 - Bureau Veritas acquired AET France, which is specialized in laboratory testing, product development, and sustainable testing. This acquisition has strengthened BV's position in the European consumer goods retail industry.

Ultrasonic Non-Destructive Testing (NDT) Equipment Market Leaders

1. Olympus Corporation

2. Russell Fraser Sales Pty Ltd

3. Intertek Group PKC

4. Baker Hughes Inc

5. Applus Services SA

*Disclaimer: Major Players sorted in no particular order