The Role of Non-Destructive Testing in Health Monitoring of Concrete and Steel Structures
The
global non-destructive testing (NDT) market
is projected to experience robust growth over the next decade, with an
estimated compound annual growth rate (CAGR) of 6.7% from 2024 to 2034. Valued
at US$ 15.5 billion in 2023, the market is anticipated to reach a substantial
US$ 31.9 billion by the end of 2034. This growth is primarily driven by the
increasing need for inspection and health monitoring of concrete and steel
structures, as well as the ongoing development of new NDT products and
technologies.
Key Market Drivers
Surge in New Product Development
The
rapid development of innovative NDT products is a significant factor driving
market growth. New technologies such as Computed Tomography (CT), phased array
ultrasonic testing, and remote visual inspection have significantly enhanced
the precision and efficiency of NDT methods. For example, Waygate Technologies
launched the Krautkrämer RotoArray comPAct in August 2023, a portable roller
probe equipped with advanced ultrasonic phased array technology, representing a
leap in manual inspection of large-scale composite materials.
Demand for Inspection and Health Monitoring
With
aging infrastructure becoming a critical issue, there is a heightened demand
for regular inspection and health monitoring of concrete and steel structures.
NDT techniques provide a non-invasive means to assess the condition of these
structures, ensuring safety and reliability while minimizing downtime and costs
associated with repairs or replacements. In developed regions like North America
and Western Europe, where infrastructure maintenance is a priority, the
application of NDT services is extensive and continually expanding.
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Regional Insights
Asia Pacific Leading the Charge
Asia
Pacific emerged as the leading region in the NDT market in 2023. The region's
growth is fueled by the rapid development and expansion of industries such as
construction, healthcare, aerospace, marine, aviation, and defense. The
increasing demand for superior equipment, machinery, and infrastructure further
bolsters the market's growth in this region.
North America: A Strong Contender
North
America held the second largest market share in 2023, driven by stringent
regulatory standards, advancements in NDT technologies, and a strong focus on
preventive maintenance. The aging infrastructure in the region necessitates
regular inspections, fostering a conducive environment for the growth of NDT
services.
Key Industry Players
The
NDT market is highly competitive, with major players like Shimadzu Corporation,
Evident, Baker Hughes Company, FUJIFILM Holdings Corporation, and Mistras Group
leading the charge. These companies are heavily investing in research and
development to introduce innovative NDT solutions that cater to the evolving
needs of various industries.
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