As a company that sells and specializes in NDT equipment, it is particularly gratifying to see how well ultrasonic testing is doing in the market and how it serves many other industries. Now comes news from several sources that the ultrasonic testing equipment market will exceed $1.8 billion well within the coming decade. This is due to its increased use not only in the aircraft industry, but also in the oil / gas industry/ construction industries as well. Let’s look further at why this demand is going to increase and who the major players in the field are.
Growing Demand for Weld Technology for Use in Gas and Oil Pipelines
As we indicated, ultrasonic testing is idea for the testing of structures and materials that are used in gas and oil pipe line facilities. Its increased demand in this industry is due to its ability to identify component manufacturing faults. In short, the demand for ultrasonic testing equipment worldwide is expected to increase in the next few years
The tools that are used to for ultrasonic inspection are naturally expected to be in greater demand in the coming decade. A report by Newscast Report, indicates that as far as products are concerned Ultrasonic Testing Equipment market share and growth rate of each type, primarily split into
- Flaw Detectors
- Thickness Gauges
- Ultrasonic Scanners
- Hardware
- Services
- Conventional
- Advanced
- Others
The North American region led the market in 2019. However, the use of ultrasonic testing in overseas markets Europe, MEA, and South America, etc – is expected to grow during the forecast period. The global utrasonics market breaks down as such:
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt.)
Key Players & Strategies
Some of the key players in the field of ultrasonic testing include companies such as Olympus Corporation and Sonatest Ltd. Baker Hughes (Ge) company, Amerapex Corporation, NDT Systems Inc., LLC, TecScan System Inc., Ametek, Inc., Zeal International, and Eddyfi NDT Inc.
This boon in the use of ultrasonic equipment comes as no surprise to us in the aircraft industry. We have long used the immersion testing method and other techniques to test the soundness of aircraft and we look forward to developments in the field that will be spurred by this greater demand. 2019