Top 10 Non-Destructive Testing Services Companies: Key Players Shaping the Industry Landscape


Posted August 29, 2024 by Harshal

According to the latest publication from Meticulous Research®, the non-destructive testing (NDT) services market is projected to reach $18.58 billion by 2031, at a CAGR of 9.4% from 2024 to 2031.
 
The Non-Destructive Testing (NDT) Services Market is projected to achieve USD 18.58 billion by 2031, growing at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031. This growth is attributed to increasing regulatory demands for public safety and product quality, the necessity to evaluate the structural integrity of aging infrastructure, and the rising adoption of advanced NDT technologies in the industrial sector. However, the high costs associated with NDT services pose a significant challenge to market expansion.

Opportunities for market growth are expected to arise from rising investments in infrastructure projects within developing countries and the growing trend of outsourcing NDT processes. Nonetheless, the industry faces hurdles such as a shortage of skilled technicians and the increasing complexity of machinery and infrastructure. Key trends influencing the market include the growing deployment of robots in NDT and the integration of artificial intelligence (AI) into NDT processes.

Here is a look at the top 10 companies in the Non-Destructive Testing Services Market:

1. SGS SA
Founded in 1878 and headquartered in Geneva, Switzerland, SGS SA is a leading testing, inspection, and certification company. SGS provides comprehensive NDT services that include asset examination by highly trained inspectors, aimed at ensuring equipment safety and compliance with international standards. The company operates through various segments such as Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Knowledge. It has a broad geographical presence across Europe, Africa, the Middle East, the Americas, and Asia-Pacific.

2. Bureau Veritas
Established in 1828 and based in Neuilly-sur-Seine, France, Bureau Veritas is a global leader in testing, inspection, and certification services. The company offers laboratory and on-site testing, inspection, and certification services across diverse sectors including marine, agri-food, industry, buildings, infrastructure, and consumer products. Bureau Veritas operates internationally with a strong presence in Europe, the Americas, Africa, the Middle East, and Asia-Pacific.

3. DEKRA SE
Founded in 1925 and headquartered in Gothenburg, Sweden, DEKRA SE is a major player in the TIC (testing, inspection, certification) industry. The company offers a broad range of TIC services including non-destructive testing, inspection of lifting devices, and steel construction inspection. DEKRA operates through segments such as Vehicle Inspection, Claims & Expertise, Product Testing, Industrial Inspections, and Consulting, with a presence across Europe, APAC, the Middle East, and the Americas.

4. Intertek Group plc
Founded in 1996 and based in London, U.K., Intertek Group plc offers Total Quality Assurance services, including NDT, materials testing, and welding services for various industries such as oil and gas, aerospace, and automotive. The company operates through segments like Products, Trade, and Resources and has a global presence in the U.S., China, U.K., Australia, and other regions.

5. TÜV SÜD AG
Founded in 1866 and headquartered in Munich, Germany, TÜV SÜD AG provides technical services including product certification, inspection, and system certification. The company operates through segments such as Industry, Mobility, and Certification, offering comprehensive NDT services and training solutions. TÜV SÜD has a global presence in the Americas, Europe, and Asia.

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6. TÜV Rheinland
Founded in 1872 and headquartered in Cologne, Germany, TÜV Rheinland is a leading testing service provider with expertise in developing NDT programs for machinery components. The company provides both field and laboratory NDT services and operates through segments like Industrial Services & Cybersecurity, Mobility, Products, Academy & Life Care, and Systems. TÜV Rheinland has a broad geographical footprint, including North America, Europe, and Asia-Pacific.

7. Acuren
Founded in 1974 and headquartered in the U.S. and Canada, Acuren offers a range of services including conventional and advanced NDT, inspection, and condition-based monitoring. The company provides industrial services across various sectors such as aerospace, automotive, and oil & gas, with a strong presence in North America and the U.K.

8. MISTRAS Group, Inc.
Founded in 1978 and based in New Jersey, U.S., MISTRAS Group, Inc. delivers technology-enabled asset protection solutions for industries including oil & gas, aerospace, and civil infrastructure. The company’s services include NDT field inspections, sensing technologies, and mechanical integrity engineering. MISTRAS operates through segments like Services, International, and Products and Systems, with a global presence in Europe, the U.S., and Asia-Pacific.

9. Team, Inc.
Founded in 1973 and headquartered in Texas, U.S., Team, Inc. offers a range of specialty industrial services, including conventional and advanced NDT. The company operates through segments like Inspection and Heat Treating, providing services primarily for the process, pipeline, and power sectors. Team, Inc. has a presence in the U.S., Canada, Europe, and other regions.

10. Waygate Technologies
Founded in 2019 and headquartered in North Rhine-Westphalia, Germany, Waygate Technologies provides advanced NDT equipment and services for radiographic, eddy current, ultrasonic, and remote visual inspections. The company also offers equipment rental services, enhancing its NDT solutions for industrial applications.

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Issued By Harshal
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Categories Business , Research , Technology
Tags top 10 companies in nondestructive testing services market , nondestructive testing services market , nondestructive testing services
Last Updated August 29, 2024