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Non-Destructive Testing Market In Oil And Gas Industry Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Saudi Arabia, India, Canada, UK, UAE, Germany, Russia, Japan - Size and Forecast 2024-2028

Non-Destructive Testing Market In Oil And Gas Industry Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Saudi Arabia, India, Canada, UK, UAE, Germany, Russia, Japan - Size and Forecast 2024-2028

Published: Oct 2024 205 Pages SKU: IRTNTR80203

Market Overview at a Glance

$1.57 B
Market Opportunity
7.3%
CAGR
6.8
YoY growth 2023-2024(%)

NDT in Oil And Gas Market Size 2024-2028 

The non-destructive testing in oil and gas market size is forecast to increase by USD 1.57 billion at a CAGR of 7.3% between 2023 and 2028. The non-destructive testing (NDT) market in the Oil and Gas industry is experiencing significant growth due to the increasing demand for efficient and accurate inspection methods. Remote inspection technologies, such as drone inspection and portable NDT devices, are gaining popularity for their ability to inspect hard-to-reach areas and reduce the need for costly shutdowns. Volumetric inspection techniques, including ultrasonic testing and radiographic testing, are essential for detecting internal and external corrosion in pipelines and storage tanks. The integration of artificial intelligence (AI) and machine learning (ML) in NDT devices is revolutionizing the industry by enabling faster and more accurate inspections.

What will be the Size of the Market During the Forecast Period?

Non-Destructive Testing Market In Oil And Gas Industry Size

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The Non-Destructive Testing market plays a vital role in ensuring the safety and reliability of critical infrastructure in various industries, including oil and gas. NDT is a technique used to evaluate the material integrity of components without causing damage. This method is essential in detecting both internal and surface defects, ensuring the continued safe operation of equipment. Two primary NDT processes are widely used in the oil and gas industry: Ultrasonic Testing (UT) and Radiographic Testing (RT). UT employs high-frequency sound waves to inspect the internal structure of materials, making it suitable for detecting internal corrosion, cracks, and other defects. RT, on the other hand, uses radiation to produce images of the internal structure of components, revealing defects that may not be visible through other methods. Advanced NDT processes, such as Industrial CT scanners and Automated Crawlers, are increasingly being adopted to enhance the efficiency and accuracy of inspections. These technologies provide detailed, three-dimensional images of components, allowing for more precise defect detection and analysis. NDT is not limited to the oil and gas industry. It is also extensively used in the aerospace sector and defense industry for fault detection and material integrity assessment. Robotics and automated crawlers are increasingly being integrated into NDT processes to improve inspection speed, accuracy, and safety.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.  

  • Method
    • Traditional methods
    • Advanced methods
  • Type
    • Services
    • Equipment
  • Geography
    • North America
      • Canada
      • US
    • Europe
      • Germany
      • UK
    • APAC
      • China
      • India
      • Japan
    • Middle East and Africa
    • South America

By Method Insights

The traditional methods segment is estimated to witness significant growth during the forecast period. The Non-Destructive Testing (NDT) market plays a significant role in ensuring the safety and integrity of infrastructure in the oil and gas industry. This market encompasses various traditional testing methods, each offering unique capabilities for detecting defects and maintaining asset reliability. Among these methods are ultrasonic testing (UT), liquid penetrant testing (PT), magnetic particle testing (MT), radiographic testing (RT), and eddy current testing (ET). Ultrasonic testing, for instance, uses high-frequency sound waves to inspect assets. When these sound waves encounter an irregularity within the material, a portion of the sound is reflected, signaling a potential defect. This method is akin to using a sonar fish finder but for detecting flaws in pipelines, pressure systems, steam turbines, gas turbines, and other critical components.

Similarly, liquid penetrant testing involves applying a penetrating liquid to the surface of the component, which then seeps into any surface-breaking cracks or defects. Once the excess liquid is removed, a developer is applied, revealing the defects through the appearance of a visible indicator. Magnetic particle testing, on the other hand, uses magnetic fields to detect surface and near-surface defects. When a magnetic field is applied to the component, any defects cause a disturbance in the magnetic field, which is then visualized using iron filings or other magnetic particles. These testing methods are essential for the oil and gas industry, as they enable early detection and prevention of potential failures in pipelines, pressure systems, steam turbines, gas turbines, and nuclear power plants.

Non-Destructive Testing Market In Oil And Gas Industry Size

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The traditional methods segment accounted for USD 2.18 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Non-Destructive Testing Market In Oil And Gas Industry Share by Geography

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The North American oil and gas industry relies heavily on Non-Destructive Testing to maintain the integrity and safety of critical infrastructure. With significant shale and tight reserves in the US, such as the 3.04 billion barrels of technically recoverable shale oil resources reported by the US Energy Information Administration (US EIA) in 2023, the demand for advanced NDT techniques is on the rise. These techniques include ultrasonic testing using ultrasonic equipment and advanced NDT processes like industrial CT scanners. The oil and gas industry's extensive use of NDT is also driven by ongoing offshore exploration projects. Other sectors, such as the aerospace and defense industries, also utilize NDT for fault detection. Radiographic testing is another NDT method commonly employed for critical component inspections. By implementing these testing methods, companies can ensure the reliability and safety of their operations while minimizing downtime and maintenance costs.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

Increased demand for NDT in oil and gas transportation is the key driver of the market. The oil and gas industry's expansion and development of intricate pipeline networks have led to a notable rise in the demand for Non-Destructive Testing (NDT). This trend is fueled by major projects and collaborations aimed at improving the efficiency and safety of oil and gas transportation. For example, in May 2023, the South Asia Gas Enterprise (SAGE), a consortium focusing on deepwater pipeline projects, requested the assistance of the Ministry of Petroleum and other stakeholders to construct a 2,000-kilometer undersea gas pipeline from the Gulf to India.

Further, component testing is a crucial aspect of NDT, ensuring the detection of internal defects and maintaining the structural soundness of pipelines. Traditional NDT methods, such as ultrasonic testing and radiography, have been widely used in the industry. However, advancements in technology, including robotics and automated crawlers, are revolutionizing NDT processes. These innovative techniques offer increased accuracy, efficiency, and safety, making them indispensable in power generation and shale oil applications. As the oil and gas sector continues to evolve, NDT will remain a vital tool in ensuring the reliability and longevity of infrastructure.

Market Trends

Integration of AI and ML in NDT devices is the upcoming trend in the market. The oil and gas industry's Non-Destructive Testing (NDT) market is undergoing significant transformation with the adoption of advanced technologies such as remote inspection techniques, portable NDT devices, drone inspection, and volumetric inspection. These innovations aim to improve inspection accuracy, efficiency, and predictive capabilities in maintaining critical infrastructure. Automation plays a pivotal role in enhancing NDT processes. Automated systems enable continuous monitoring and real-time data analysis, ensuring potential issues are identified and addressed promptly. They also facilitate the handling of large data volumes, essential for comprehensive inspections and maintenance activities. Artificial Intelligence (AI) is another game-changer in NDT. By analyzing extensive data, AI can identify patterns and predict potential failures before they become major problems.

This proactive approach to maintenance significantly reduces downtime and operational costs. Training programs are essential to ensure the effective implementation and utilization of these advanced NDT technologies. Providing continuous education and upskilling opportunities for industry professionals is crucial to staying competitive and maintaining the highest standards in the oil and gas sector. Beyond the oil and gas industry, these NDT advancements are also gaining traction in the power industry, where the prevention of internal and external corrosion is critical. By adopting these cutting-edge technologies, businesses can ensure the safety, reliability, and longevity of their infrastructure.

Market Challenge

The high initial cost of NDT is a key challenge affecting the market growth. The oil and gas industry relies heavily on Non-Destructive Inspection (NDI), Non-Destructive Examination (NDE), and Non-Destructive Evaluation (NDE) techniques to identify surface defects in their infrastructure. Advanced NDT equipment is crucial for ensuring the safety and integrity of assets, particularly in the aerospace and construction sectors. However, the high cost of acquiring such technology poses a significant challenge, especially for smaller companies and those with limited budgets.

This substantial investment can deter companies from adopting this critical technology, despite its importance in maintaining the safety and efficiency of their operations. To address this challenge, virtual training programs and rental options for NDT equipment have emerged as viable alternatives for companies seeking to minimize their upfront costs while still benefiting from the advanced capabilities of NDT technology.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Non-Destructive Testing Market In Oil And Gas Industry Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Acuren Corp. - The company offers NDT services in the oil and gas industry which includes Liquid Penetrant Testing, Ground Penetrating Radar, and others.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • Amerapex Corp.
  • Applus Services Technologies SL
  • Ashtead technology
  • Baker Hughes Co.
  • Bureau Veritas
  • Dakota Ultrasonics Corp.
  • Dexon Technology PLC
  • Eddyfi Technologies
  • Evident Corp
  • FORCE Technology
  • Intertek Group Plc
  • Magnaflux
  • Mistras Group Inc.
  • Phoenix Inspection Systems Ltd
  • SGS SA
  • Sonatest Ltd
  • Team Inc
  • TUV Rheinland AG
  • Vibrant NDT Services
  • Videray Technologies Inc.
  • Zetec Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The non-destructive testing market in the oil and gas industry plays a crucial role in ensuring material integrity and detecting defects without causing damage to the assets. Ultrasonic testing, using ultrasonic equipment, is a widely used NDT process for fault detection in this sector. Advanced NDT processes, such as radiographic testing using industrial CT scanners, are also employed to identify internal defects. The aerospace sector and defense industry are significant consumers of NDT, utilizing robotics and automated crawlers for component testing. Traditional NDT methods, including radiographic testing and liquid penetrant inspection, continue to be used alongside modern techniques. Power generation, including shale oil and gas, relies on NDT for pipeline inspection, pressure system testing, and volumetric inspection to maintain the integrity of infrastructure and prevent system failures.

Further, NDT is also essential in the power industry for inspecting steam turbines, gas turbines, and nuclear power plants, ensuring the safety and efficiency of these critical systems. NDT equipment, including portable devices and drone inspection, offers flexibility and cost savings. Virtual training and remote inspection technologies enable efficient and effective NDT practices. Training programs and continuous learning are essential for NDT professionals to stay updated with the latest techniques and technologies. NDT is vital in various industries, including construction, automotive and transportation, and healthcare, for flaw detection and maintaining the safety and reliability of assets. NDT techniques are employed to detect internal corrosion, external corrosion, and other defects in pressure systems, fuel rods, instrumentation, probes, software, and various components.

Market Scope

Report Coverage

Details

Page number

205

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.3%

Market growth 2024-2028

USD 1.57 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

6.8

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 33%

Key countries

US, China, Saudi Arabia, India, Canada, UK, UAE, Germany, Russia, and Japan

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Acuren Corp., Amerapex Corp., Applus Services Technologies SL, Ashtead technology, Baker Hughes Co., Bureau Veritas, Dakota Ultrasonics Corp., Dexon Technology PLC, Eddyfi Technologies, Evident Corp, FORCE Technology, Intertek Group Plc, Magnaflux, Mistras Group Inc., Phoenix Inspection Systems Ltd, SGS SA, Sonatest Ltd, Team Inc, TUV Rheinland AG, Vibrant NDT Services, Videray Technologies Inc., and Zetec Inc.

Market dynamics

Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research and Growth Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
  • Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by Method
    • Executive Summary - Chart on Market Segmentation by Type
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

  • 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • 2.2 Criticality of inputs and Factors of differentiation
    • Overview on criticality of inputs and factors of differentiation
  • 2.3 Factors of disruption
    • Overview on factors of disruption
  • 2.4 Impact of drivers and challenges
    • Impact of drivers and challenges in 2023 and 2028

3 Market Landscape

  • 3.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 3.2 Market characteristics
    • Market characteristics analysis
  • 3.3 Value chain analysis
    • Value Chain Analysis

4 Market Sizing

  • 4.1 Market definition
    • Offerings of companies included in the market definition
  • 4.2 Market segment analysis
    • Market segments
  • 4.3 Market size 2023
    • 4.4 Market outlook: Forecast for 2023-2028
      • Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    5 Historic Market Size

    • 5.1 Global Non-Destructive Testing Market In Oil And Gas Industry 2018 - 2022
      • Historic Market Size - Data Table on Global Non-Destructive Testing Market In Oil And Gas Industry 2018 - 2022 ($ million)
    • 5.2 Method segment analysis 2018 - 2022
      • Historic Market Size - Method Segment 2018 - 2022 ($ million)
    • 5.3 Type segment analysis 2018 - 2022
      • Historic Market Size - Type Segment 2018 - 2022 ($ million)
    • 5.4 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
    • 5.5 Country segment analysis 2018 - 2022
      • Historic Market Size - Country Segment 2018 - 2022 ($ million)

    6 Qualitative Analysis

    • 6.1 AI content for non-destructive testing (NDT) market in oil and gas industry

      7 Five Forces Analysis

      • 7.1 Five forces summary
        • Five forces analysis - Comparison between 2023 and 2028
      • 7.2 Bargaining power of buyers
        • Bargaining power of buyers - Impact of key factors 2023 and 2028
      • 7.3 Bargaining power of suppliers
        • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
      • 7.4 Threat of new entrants
        • Threat of new entrants - Impact of key factors in 2023 and 2028
      • 7.5 Threat of substitutes
        • Threat of substitutes - Impact of key factors in 2023 and 2028
      • 7.6 Threat of rivalry
        • Threat of rivalry - Impact of key factors in 2023 and 2028
      • 7.7 Market condition
        • Chart on Market condition - Five forces 2023 and 2028

      8 Market Segmentation by Method

      • 8.1 Market segments
        • Chart on Method - Market share 2023-2028 (%)
        • Data Table on Method - Market share 2023-2028 (%)
      • 8.2 Comparison by Method
        • Chart on Comparison by Method
        • Data Table on Comparison by Method
      • 8.3 Traditional methods - Market size and forecast 2023-2028
        • Chart on Traditional methods - Market size and forecast 2023-2028 ($ million)
        • Data Table on Traditional methods - Market size and forecast 2023-2028 ($ million)
        • Chart on Traditional methods - Year-over-year growth 2023-2028 (%)
        • Data Table on Traditional methods - Year-over-year growth 2023-2028 (%)
      • 8.4 Advanced methods - Market size and forecast 2023-2028
        • Chart on Advanced methods - Market size and forecast 2023-2028 ($ million)
        • Data Table on Advanced methods - Market size and forecast 2023-2028 ($ million)
        • Chart on Advanced methods - Year-over-year growth 2023-2028 (%)
        • Data Table on Advanced methods - Year-over-year growth 2023-2028 (%)
      • 8.5 Market opportunity by Method
        • Market opportunity by Method ($ million)
        • Data Table on Market opportunity by Method ($ million)

      9 Market Segmentation by Type

      • 9.1 Market segments
        • Chart on Type - Market share 2023-2028 (%)
        • Data Table on Type - Market share 2023-2028 (%)
      • 9.2 Comparison by Type
        • Chart on Comparison by Type
        • Data Table on Comparison by Type
      • 9.3 Services - Market size and forecast 2023-2028
        • Chart on Services - Market size and forecast 2023-2028 ($ million)
        • Data Table on Services - Market size and forecast 2023-2028 ($ million)
        • Chart on Services - Year-over-year growth 2023-2028 (%)
        • Data Table on Services - Year-over-year growth 2023-2028 (%)
      • 9.4 Equipment - Market size and forecast 2023-2028
        • Chart on Equipment - Market size and forecast 2023-2028 ($ million)
        • Data Table on Equipment - Market size and forecast 2023-2028 ($ million)
        • Chart on Equipment - Year-over-year growth 2023-2028 (%)
        • Data Table on Equipment - Year-over-year growth 2023-2028 (%)
      • 9.5 Market opportunity by Type
        • Market opportunity by Type ($ million)
        • Data Table on Market opportunity by Type ($ million)

      10 Customer Landscape

      • 10.1 Customer landscape overview
        • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

      11 Geographic Landscape

      • 11.1 Geographic segmentation
        • Chart on Market share by geography 2023-2028 (%)
        • Data Table on Market share by geography 2023-2028 (%)
      • 11.2 Geographic comparison
        • Chart on Geographic comparison
        • Data Table on Geographic comparison
      • 11.3 North America - Market size and forecast 2023-2028
        • Chart on North America - Market size and forecast 2023-2028 ($ million)
        • Data Table on North America - Market size and forecast 2023-2028 ($ million)
        • Chart on North America - Year-over-year growth 2023-2028 (%)
        • Data Table on North America - Year-over-year growth 2023-2028 (%)
      • 11.4 Europe - Market size and forecast 2023-2028
        • Chart on Europe - Market size and forecast 2023-2028 ($ million)
        • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
        • Chart on Europe - Year-over-year growth 2023-2028 (%)
        • Data Table on Europe - Year-over-year growth 2023-2028 (%)
      • 11.5 APAC - Market size and forecast 2023-2028
        • Chart on APAC - Market size and forecast 2023-2028 ($ million)
        • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
        • Chart on APAC - Year-over-year growth 2023-2028 (%)
        • Data Table on APAC - Year-over-year growth 2023-2028 (%)
      • 11.6 Middle East and Africa - Market size and forecast 2023-2028
        • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
        • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
        • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
        • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • 11.7 South America - Market size and forecast 2023-2028
        • Chart on South America - Market size and forecast 2023-2028 ($ million)
        • Data Table on South America - Market size and forecast 2023-2028 ($ million)
        • Chart on South America - Year-over-year growth 2023-2028 (%)
        • Data Table on South America - Year-over-year growth 2023-2028 (%)
      • 11.8 US - Market size and forecast 2023-2028
        • Chart on US - Market size and forecast 2023-2028 ($ million)
        • Data Table on US - Market size and forecast 2023-2028 ($ million)
        • Chart on US - Year-over-year growth 2023-2028 (%)
        • Data Table on US - Year-over-year growth 2023-2028 (%)
      • 11.9 China - Market size and forecast 2023-2028
        • Chart on China - Market size and forecast 2023-2028 ($ million)
        • Data Table on China - Market size and forecast 2023-2028 ($ million)
        • Chart on China - Year-over-year growth 2023-2028 (%)
        • Data Table on China - Year-over-year growth 2023-2028 (%)
      • 11.10 Saudi Arabia - Market size and forecast 2023-2028
        • Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
        • Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
        • Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
        • Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
      • 11.11 India - Market size and forecast 2023-2028
        • Chart on India - Market size and forecast 2023-2028 ($ million)
        • Data Table on India - Market size and forecast 2023-2028 ($ million)
        • Chart on India - Year-over-year growth 2023-2028 (%)
        • Data Table on India - Year-over-year growth 2023-2028 (%)
      • 11.12 Canada - Market size and forecast 2023-2028
        • Chart on Canada - Market size and forecast 2023-2028 ($ million)
        • Data Table on Canada - Market size and forecast 2023-2028 ($ million)
        • Chart on Canada - Year-over-year growth 2023-2028 (%)
        • Data Table on Canada - Year-over-year growth 2023-2028 (%)
      • 11.13 UK - Market size and forecast 2023-2028
        • Chart on UK - Market size and forecast 2023-2028 ($ million)
        • Data Table on UK - Market size and forecast 2023-2028 ($ million)
        • Chart on UK - Year-over-year growth 2023-2028 (%)
        • Data Table on UK - Year-over-year growth 2023-2028 (%)
      • 11.14 UAE - Market size and forecast 2023-2028
        • Chart on UAE - Market size and forecast 2023-2028 ($ million)
        • Data Table on UAE - Market size and forecast 2023-2028 ($ million)
        • Chart on UAE - Year-over-year growth 2023-2028 (%)
        • Data Table on UAE - Year-over-year growth 2023-2028 (%)
      • 11.15 Germany - Market size and forecast 2023-2028
        • Chart on Germany - Market size and forecast 2023-2028 ($ million)
        • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
        • Chart on Germany - Year-over-year growth 2023-2028 (%)
        • Data Table on Germany - Year-over-year growth 2023-2028 (%)
      • 11.16 Russia - Market size and forecast 2023-2028
        • Chart on Russia - Market size and forecast 2023-2028 ($ million)
        • Data Table on Russia - Market size and forecast 2023-2028 ($ million)
        • Chart on Russia - Year-over-year growth 2023-2028 (%)
        • Data Table on Russia - Year-over-year growth 2023-2028 (%)
      • 11.17 Japan - Market size and forecast 2023-2028
        • Chart on Japan - Market size and forecast 2023-2028 ($ million)
        • Data Table on Japan - Market size and forecast 2023-2028 ($ million)
        • Chart on Japan - Year-over-year growth 2023-2028 (%)
        • Data Table on Japan - Year-over-year growth 2023-2028 (%)
      • 11.18 Market opportunity by geography
        • Market opportunity by geography ($ million)
        • Data Tables on Market opportunity by geography ($ million)

      12 Drivers, Challenges, and Opportunity/Restraints

      • 12.1 Market drivers
        • 12.2 Market challenges
          • 12.3 Impact of drivers and challenges
            • Impact of drivers and challenges in 2023 and 2028
          • 12.4 Market opportunities/restraints

            13 Competitive Landscape

            • 13.1 Overview
              • 13.2 Competitive Landscape
                • Overview on criticality of inputs and factors of differentiation
              • 13.3 Landscape disruption
                • Overview on factors of disruption
              • 13.4 Industry risks
                • Impact of key risks on business

              14 Competitive Analysis

              • 14.1 Companies profiled
                • Companies covered
              • 14.2 Company ranking index
                • Company ranking index
              • 14.3 Market positioning of companies
                • Matrix on companies position and classification
              • 14.4 Acuren Corp.
                • Acuren Corp. - Overview
                • Acuren Corp. - Product / Service
                • Acuren Corp. - Key offerings
                • SWOT
              • 14.5 Applus Services Technologies SL
                • Applus Services Technologies SL - Overview
                • Applus Services Technologies SL - Business segments
                • Applus Services Technologies SL - Key offerings
                • Applus Services Technologies SL - Segment focus
                • SWOT
              • 14.6 Ashtead technology
                • Ashtead technology - Overview
                • Ashtead technology - Product / Service
                • Ashtead technology - Key offerings
                • SWOT
              • 14.7 Baker Hughes Co.
                • Baker Hughes Co. - Overview
                • Baker Hughes Co. - Business segments
                • Baker Hughes Co. - Key news
                • Baker Hughes Co. - Key offerings
                • Baker Hughes Co. - Segment focus
                • SWOT
              • 14.8 Bureau Veritas
                • Bureau Veritas - Overview
                • Bureau Veritas - Product / Service
                • Bureau Veritas - Key offerings
                • SWOT
              • 14.9 Eddyfi Technologies
                • Eddyfi Technologies - Overview
                • Eddyfi Technologies - Product / Service
                • Eddyfi Technologies - Key offerings
                • SWOT
              • 14.10 Evident Corp
                • Evident Corp - Overview
                • Evident Corp - Product / Service
                • Evident Corp - Key offerings
                • SWOT
              • 14.11 Intertek Group Plc
                • Intertek Group Plc - Overview
                • Intertek Group Plc - Business segments
                • Intertek Group Plc - Key offerings
                • Intertek Group Plc - Segment focus
                • SWOT
              • 14.12 Magnaflux
                • Magnaflux - Overview
                • Magnaflux - Product / Service
                • Magnaflux - Key offerings
                • SWOT
              • 14.13 Mistras Group Inc.
                • Mistras Group Inc. - Overview
                • Mistras Group Inc. - Business segments
                • Mistras Group Inc. - Key news
                • Mistras Group Inc. - Key offerings
                • Mistras Group Inc. - Segment focus
                • SWOT
              • 14.14 SGS SA
                • SGS SA - Overview
                • SGS SA - Business segments
                • SGS SA - Key news
                • SGS SA - Key offerings
                • SGS SA - Segment focus
                • SWOT
              • 14.15 Sonatest Ltd
                • Sonatest Ltd - Overview
                • Sonatest Ltd - Product / Service
                • Sonatest Ltd - Key offerings
                • SWOT
              • 14.16 Team Inc
                • Team Inc - Overview
                • Team Inc - Business segments
                • Team Inc - Key offerings
                • Team Inc - Segment focus
                • SWOT
              • 14.17 TUV Rheinland AG
                • TUV Rheinland AG - Overview
                • TUV Rheinland AG - Product / Service
                • TUV Rheinland AG - Key offerings
                • SWOT
              • 14.18 Zetec Inc.
                • Zetec Inc. - Overview
                • Zetec Inc. - Product / Service
                • Zetec Inc. - Key offerings
                • SWOT

              15 Appendix

              • 15.1 Scope of the report
                • 15.2 Inclusions and exclusions checklist
                  • Inclusions checklist
                  • Exclusions checklist
                • 15.3 Currency conversion rates for US$
                  • Currency conversion rates for US$
                • 15.4 Research methodology
                  • Research methodology
                • 15.5 Data procurement
                  • Information sources
                • 15.6 Data validation
                  • Data validation
                • 15.7 Validation techniques employed for market sizing
                  • Validation techniques employed for market sizing
                • 15.8 Data synthesis
                  • Data synthesis
                • 15.9 360 degree market analysis
                  • 360 degree market analysis
                • 15.10 List of abbreviations
                  • List of abbreviations

                Research Methodology

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Frequently Asked Questions

                Non-Destructive TestingIn Oil And Gas Industry market growth will increase by $ 1565.6 mn during 2024-2028 .

                The Non-Destructive TestingIn Oil And Gas Industry market is expected to grow at a CAGR of 7.3% during 2024-2028 .

                Non-Destructive TestingIn Oil And Gas Industry market is segmented by Method( Traditional methods, Advanced methods) Type( Services, Equipment)

                Acuren Corp., Amerapex Corp., Applus Services Technologies SL, Ashtead technology, Baker Hughes Co., Bureau Veritas, Dakota Ultrasonics Corp., Dexon Technology PLC, Eddyfi Technologies, Evident Corp, FORCE Technology, Intertek Group Plc, Magnaflux, Mistras Group Inc., Phoenix Inspection Systems Ltd, SGS SA, Sonatest Ltd, Team Inc, TUV Rheinland AG, Vibrant NDT Services, Videray Technologies Inc., Zetec Inc. are a few of the key vendors in the Non-Destructive TestingIn Oil And Gas Industry market.

                North America will register the highest growth rate of 33% among the other regions. Therefore, the Non-Destructive TestingIn Oil And Gas Industry market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

                US, China, Saudi Arabia, India, Canada, UK, UAE, Germany, Russia, Japan

                • Increased demand for NDT in oil and gas transportationThe increase in transportation of oil and gas is witnessing a significant surge in demand for NDT due to the expansion and development of extensive pipeline networks. This trend is driven by several high-profile projects and agreements aimed at enhancing the efficiency and safety of oil and gas transportation. For instance is the driving factor this market.
                • in May 2023 is the driving factor this market.
                • the South Asia Gas Enterprise (SAGE) is the driving factor this market.
                • an international consortium specializing in deepwater pipeline projects is the driving factor this market.
                • sought the support of the Ministry of Petroleum and other stakeholders to develop an undersea gas pipeline from the Gulf to India. This ambitious 2 is the driving factor this market.
                • 000-km-long energy corridor estimated at a spending of $5 billion is the driving factor this market.
                • promises substantial economic benefits is the driving factor this market.
                • including an annual saving of approximately $7 billion compared with importing a similar quantity of liquefied natural gas (LNG). The scale and complexity of this project necessitate rigorous NDT to ensure the integrity and reliability of the pipeline infrastructure. Similarly is the driving factor this market.
                • in June 2024 is the driving factor this market.
                • Oleoducto Crudos Pesados (OCP Ecuador) and PetroTal Peru entered into an agreement to transport oil from Peru via the Heavy Crude Oil Pipeline. This pilot project involves the transportation of 100 is the driving factor this market.
                • 000 barrels of oil over three months from Lot No. 95 Bretana in Loreto is the driving factor this market.
                • northeastern Peru. The successful execution of this project relies heavily on advanced NDT techniques to monitor and maintain the pipelines condition is the driving factor this market.
                • preventing potential leaks and ensuring uninterrupted oil flow. Furthermore is the driving factor this market.
                • in July 2024 is the driving factor this market.
                • NMDC Energy PJSC is the driving factor this market.
                • a subsidiary of NMDC Group is the driving factor this market.
                • secured approximately $254.6 million for the engineering is the driving factor this market.
                • procurement is the driving factor this market.
                • and construction (EPC) of a new pipeline and associated infrastructure. This initiative is part of ADNOC Gas Estidama program is the driving factor this market.
                • which aims to upgrade and expand the UAEs natural gas pipeline network from 3 is the driving factor this market.
                • 200 km to over 3 is the driving factor this market.
                • 500 km is the driving factor this market.
                • thereby increasing gas delivery volumes to the northern UAE. The expansion underscores the critical role of NDT in maintaining the safety and efficiency of the pipeline network amidst increasing operational demands.These developments highlight the growing importance of NDT in the oil and gas industry is the driving factor this market.
                • particularly in the transportation sector is the driving factor this market.
                • where ensuring the structural integrity and operational reliability of pipelines is paramount. As the industry continues to expand is the driving factor this market.
                • the demand for advanced NDT solutions is expected to rise is the driving factor this market.
                • driven by the need for enhanced safety is the driving factor this market.
                • efficiency is the driving factor this market.
                • and cost-effectiveness in oil and gas transportation. Thus is the driving factor this market.
                • the above-mentioned factors are expected to positively impact the growth of the market in focus during the forecast period. is the driving factor this market.

                The Non-Destructive TestingIn Oil And Gas Industry market vendors should focus on grabbing business opportunities from the Traditional methods segment as it accounted for the largest market share in the base year.