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NDT Services Market to Reach $8.55 Billion USD by 2022

MarketsandMarkets, December 1, 2016

According to the report "NDT Services Market by Testing Technique (Ultrasonic, Radiographic, Eddy Current, Magnetic particle, Acoustic Emission, Terahertz Imaging), Type (Inspection, Renting, Training, Calibration), Vertical, & Geography - Global Forecast to 2022," recently released by MarketsandMarkets, the global non-destructive testing (NDT) services market is expected to reach USD $8.55 Billion by 2022. The NDT services market size was valued at USD $4.77 Billion in 2015 and is expected to increase at a CAGR of 8.52% between 2016 and 2022. The major factors driving this market include the outsourcing of NDT services to third party service providers and aging infrastructure and increasing need for maintenance. This report provides a detailed analysis of the NDT services market based on technique, type, vertical, and geography. The availability of different NDT methods according to the industry requirements to ensure quality inspection is leading to the demand for the NDT services market around the globe.

 

Click here to read the full article from MarketsandMarkets.


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