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Oil & Gas Market Recovery and Online Monitoring Technologies Drive Growth
12-Oct-2018
Global
Market Research
K278-01-00-00-00
TM00551-GL-MR_22432
The non-destructive testing (NDT) inspection services market rebounded in 2017 after two years of negative growth. It is expected to transform over the next five years with the advent of new technologies, changing customer requirements regarding connectivity and analytics features, and novel business models. The market was worth $8.79 billion in 2017, and is expected to reach $10.71 billion by 2022 at a CAGR of 4.0%.The recovery of oil & gas prices, stricter government regulations for testing, and technology advancements such as data analytics have prompted service providers to alter their roadmaps. This study identifies key growth opportunities while detailing the challenges and possible threats. The forecast period is from 2018 to 2022, with 2017 as the base year.
Research Scope
The current market size for 2017 and forecasts till 2022 is provided for each of the following segments:
Technology Segments:
- Ultrasonic
- Radiography
- Electromagnetic
- Visual Inspection
- Penetrant Test
End-user Verticals:
- Oil & Gas
- Power Generation
- Aerospace
- Automotive
- Railways
- Manufacturing & Process Industries
- Others (Ship-building, Construction, and Infrastructure)
Geography Regions:
- North America
- Europe
- Asia Pacific
- Rest of World - Includes Latin America, Middle East, and Africa
Key Issues Addressed
- Is the NDT inspection services market growing, how long will it continue to grow for, and at what rate?
- What are the key growth drivers and restraints for the market? Are there any potential future challenges that could restrict the growth of this market?
- Who are the leading participants and what are their market shares? How has the oil price drops affected the NDT inspection services market and what does the future look like?
- Which regions are expected to have the highest growth potential? Can North America maintain its position as a key revenue contributor in the face of rising global competition?
- What is the impact of convergence technologies such as connectivity and predictive analytics? How do these influence innovative business models?
- Which applications and industries will drive the demand for the NDT inspection services market? Will the traditional end-user segments continue to be the largest revenue generators?
Key Findings
Market Engineering Measurements
CEO’s Perspective
Market Definitions
Market Segmentation
Market Drivers
Market Restraints
Market Engineering Measurements
Revenue Forecast
Percent Revenue Forecast by Region
Revenue Forecast by Region
Percent Revenue Forecast by Technology
Revenue Forecast by Technology
Revenue Forecast by Vertical Market
Market Share
Market Share Analysis
Competitive Environment
Competitive Factors and Assessment
Transformation in NDT Inspection Services Industry Ecosystem
Growth Opportunity—Technology Advancement
5 Major Growth Opportunities for NDT Equipment
Strategic Imperatives for Success and Growth
Impact of Mega Trends on the Non-Destructive Test Equipment Market
Connectivity and Convergence
Big Data Analytics
Opportunities in Big Data and Prescriptive Analytics
Evolution of Big Data in NDT Applications
Prescriptive Analytics—The Next Evolution
Industry 4.0
Artificial Intelligence—Incorporating Robots in the Workflow
Drone Inspection
Major Shifts Affecting Markets for Next Decade
Industry 4.0 Disrupting NDT Services and Future Vision
Impact of Digital Technologies in NDT Inspection Services
Implications and Replacement of Periodic Inspection with Permanent NDT Inspection Services
NDT Inspection Services and New Business Models
Reshaping the NDT Inspection Services Value Proposition
NDT Services 2.0 Enablers Landscape
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
List of Companies in “Others”
Partial List of Companies Interviewed
Learn More—Next Steps
List of Exhibits
List of Figures
- 1. Total NDT Inspection Services Market: Key Market Drivers, Global, 2018–2022
- 2. Total NDT Inspection Services Market: Key Market Restraints, Global, 2018–2022
- 3. Total NDT Inspection Services Market: Market Engineering Measurements, Global, 2017
- 4. Total NDT Inspection Services Market: Revenue Forecast by Region, Global, 2015–2022
- 5. Total NDT Inspection Services Market: Revenue Forecast by Technology, Global, 2015–2022
- 6. Total NDT Inspection Services Market: Company Market Share Analysis of Top 7 Participants, Global, 2017
- 7. Total NDT Inspection Services Market: Competitive Structure, Global, 2017
- 8. Total NDT Inspection Services Market: Mega Trend Impact, Global, 2017–2022
List of Charts
- 1. Total NDT Inspection Services Market: Market Engineering Measurements, Global, 2017
- 2. Total NDT Inspection Services Market: Percent Revenue Breakdown by Technology, Global, 2017
- 3. Total NDT Inspection Services Market: Revenue Forecast, Global, 2015–2022
- 4. Total NDT Inspection Services Market: Percent Revenue Forecast by Region, Global, 2015–2022
- 5. Total NDT Inspection Services Market: Percent Revenue Forecast by Technology, Global, 2015–2022
- 6. Total NDT Inspection Services Market: Revenue Forecast by Vertical Market, Global, 2015–2022
- 7. Total NDT Inspection Services Market: Percent Revenue Breakdown, Global, 2017
- 8. NDT Market: Evolution of Big Data in NDT Equipment, Global, 2000–2022
- 9. NDT Inspection Services Market: Major Shifts Affecting Markets, Global, 2018–2022
- 10. NDT Inspection Services Market: NDT Services 2.0 Vision, Global, 2018–2022
- 11. NDT Inspection Services Market: Business Models, Global, 2018–2022
- 12. NDT Inspection Services Market: Service Business Transformation Framework, Global, 2018–2022
- 13. NDT Inspection Services Market: Services 2.0 Key Enablers Landscape, Global, 2017
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Research Scope
The current market size for 2017 and forecasts till 2022 is provided for each of the following segments:
Technology Segments:
- Ultrasonic
- Radiography
- Electromagnetic
- Visual Inspection
- Penetrant Test
End-user Verticals:
- Oil & Gas
- Power Generation
- Aerospace
- Automotive
- Railways
- Manufacturing & Process Industries
- Others (Ship-building, Construction, and Infrastructure)
Geography Regions:
- North America
- Europe
- Asia Pacific
- Rest of World - Includes Latin America, Middle East, and Africa
Key Issues Addressed
- Is the NDT inspection services market growing, how long will it continue to grow for, and at what rate?
- What are the key growth drivers and restraints for the market? Are there any potential future challenges that could restrict the growth of this market?
- Who are the leading participants and what are their market shares? How has the oil price drops affected the NDT inspe
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Table of Contents | | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || CEO’s Perspective~ | Market Overview~ || Market Definitions~ || Market Segmentation~ | Drivers and Restraints—Total NDT Inspection Services Market~ || Market Drivers~ || Market Restraints~ | Forecasts and Trends—Total NDT Inspection Services Market~ || Market Engineering Measurements~ || Revenue Forecast~ || Percent Revenue Forecast by Region~ || Revenue Forecast by Region~ || Percent Revenue Forecast by Technology~ || Revenue Forecast by Technology~ || Revenue Forecast by Vertical Market~ | Market Share and Competitive Analysis—Total NDT Inspection Services Market~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ || Competitive Factors and Assessment~ | Growth Opportunities and Companies to Action~ || Transformation in NDT Inspection Services Industry Ecosystem~ || Growth Opportunity—Technology Advancement~ || 5 Major Growth Opportunities for NDT Equipment~ || Strategic Imperatives for Success and Growth~ | Mega Trends and Industry Convergence Implications~ || Impact of Mega Trends on the Non-Destructive Test Equipment Market~ | Connectivity and Convergence Implications~ || Connectivity and Convergence~ || Big Data Analytics~ || Opportunities in Big Data and Prescriptive Analytics~ || Evolution of Big Data in NDT Applications~ || Prescriptive Analytics—The Next Evolution~ || Industry 4.0~ || Artificial Intelligence—Incorporating Robots in the Workflow~ || Drone Inspection~ | NDT Inspection Services 2.0 and Future Scenarios~ || Major Shifts Affecting Markets for Next Decade~ || Industry 4.0 Disrupting NDT Services and Future Vision~ || Impact of Digital Technologies in NDT Inspection Services~ || Implications and Replacement of Periodic Inspection with Permanent NDT Inspection Services~ || NDT Inspection Services and New Business Models~ || Reshaping the NDT Inspection Services Value Proposition~ || NDT Services 2.0 Enablers Landscape~ | The Last Word~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || List of Companies in “Others”~ || Partial List of Companies Interviewed~ || Learn More—Next Steps~ || List of Exhibits~ |
| Predecessor | N94C-01-00-00-00 |
| List of Charts and Figures | 1. Total NDT Inspection Services Market: Key Market Drivers, Global, 2018–2022~ 2. Total NDT Inspection Services Market: Key Market Restraints, Global, 2018–2022~ 3. Total NDT Inspection Services Market: Market Engineering Measurements, Global, 2017~ 4. Total NDT Inspection Services Market: Revenue Forecast by Region, Global, 2015–2022~ 5. Total NDT Inspection Services Market: Revenue Forecast by Technology, Global, 2015–2022~ 6. Total NDT Inspection Services Market: Company Market Share Analysis of Top 7 Participants, Global, 2017~ 7. Total NDT Inspection Services Market: Competitive Structure, Global, 2017~ 8. Total NDT Inspection Services Market: Mega Trend Impact, Global, 2017–2022~| 1. Total NDT Inspection Services Market: Market Engineering Measurements, Global, 2017~ 2. Total NDT Inspection Services Market: Percent Revenue Breakdown by Technology, Global, 2017~ 3. Total NDT Inspection Services Market: Revenue Forecast, Global, 2015–2022~ 4. Total NDT Inspection Services Market: Percent Revenue Forecast by Region, Global, 2015–2022~ 5. Total NDT Inspection Services Market: Percent Revenue Forecast by Technology, Global, 2015–2022~ 6. Total NDT Inspection Services Market: Revenue Forecast by Vertical Market, Global, 2015–2022~ 7. Total NDT Inspection Services Market: Percent Revenue Breakdown, Global, 2017~ 8. NDT Market: Evolution of Big Data in NDT Equipment, Global, 2000–2022~ 9. NDT Inspection Services Market: Major Shifts Affecting Markets, Global, 2018–2022~ 10. NDT Inspection Services Market: NDT Services 2.0 Vision, Global, 2018–2022~ 11. NDT Inspection Services Market: Business Models, Global, 2018–2022~ 12. NDT Inspection Services Market: Service Business Transformation Framework, Global, 2018–2022~ 13. NDT Inspection Services Market: Services 2.0 Key Enablers Landscape, Global, 2017~ |
| Author | Prem Shanmugam |
| Industries | Test and Measurement Instrumentation |
| WIP Number | K278-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9404-A5,9426,9594 |
Global Non-Destructive Testing Inspection Services Market, Forecast to 2022
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