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Non-Destructive Testing Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Non-Destructive Testing Services Market Research Report | Advisory & Financial Services | Other Outsourced Functions | Nov 2013

Use caution: Greater production and construction activity will boost demand for testing

IBISWorld’s Non-Destructive Testing Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Mistras Group Inc. Mistras Group Inc. market share
Rockwood Rockwood market share
Team Team market share
Industry Statistics & Market Size
Revenue
$967m
Annual Growth 08-13
5.0%
Annual Growth 13-18
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Profit
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Employment
4,956
Businesses
277
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 SWOT Analysis Chapter

IBISWorld estimates that the Non-Destructive Testing Services industry is in the growth stage of its life cycle. Over the 10 years to 2018, industry value added (IVA), used to measure an industry's contribution to the economy, is projected to grow at an average yearly rate of 7.2%. IVA is expected to significantly exceed the overall economy, which is expected to grow an annualized 2.1% over the same 10 year period.

Federal requirements for testing activities are driving this growth. The federal government enforces certain rules and regulations on consumer products and manufacturing processes to ensure health and safety, and companies must abide by them. Revenue growth also comes from new product development... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Non-Destructive Testing Services Industry?

This industry includes companies that primarily perform nondestructive tests and inspections on industrial assets. It excludes medical tests, as well as nondestructive testing equipment manufacturing.

Industry Products
General NDT servicesQuality assurance and control servicesAPI Inspection servicesCWI servicesOther specific services
 
Industry Activities
Ultrasound testing servicesRadiation testing servicesAcoustic, noise and vibration testing servicesOptical testing servicesThermal testing servicesRegulatory compliance testing services


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