Industry Analysis & Industry Trends
From manufacturing plants and construction sites to nuclear power plants, oil refineries and shipyards, nondestructive testing (NDT) is used for numerous applications across a wide range of industries. NDT services are used to detect flaws, cracks, variations and minute changes in structures and surface finish without damaging the products being tested. Rapidly changing technology and the increasing complexity of products and processes that need testing have boosted demand for industry services. More so, strict government regulation relating to health, safety and the protection of the environment continues to drive industry revenue growth.... purchase to read more
Industry Report - Industry Analysis Chapter
The Non-Destructive Testing Services industry has experienced strong growth in the past five years, despite the significant economic slowdown caused by the recession. Firms in this industry inspect materials and equipment across a wide range of industries, with non-intrusive methods that do not cause damage to the item being inspected. Such methods include ultrasonic testing, magnetic particle testing, dye penetrant inspection and radiographic testing.
The industry benefits from stable demand. Most industrial firms, including petroleum refineries, power generation plants and pharmaceutical, aerospace and automotive manufacturers are motivated to test their equipment on a regular basis to prevent outages and equipment failure, which can result in lost production and lost revenue... purchase to read more