Europe NDT Equipment Market Size

Europe NDT Equipment Market Analysis

The European non-destructive testing equipment market has registered a CAGR of 5.80% during the forecast period (2020 - 2025). The introduction of stringent government safety regulations across different European countries, due to an increase in failure incidents and the need for extending the life of aging infrastructure, is compelling the industries to employ testing across their manufacturing cycles.

• The current market trends in NDT equipment are robust live data capture and comprehensive capture, which require instant feedback in real-time. New sensors are being incorporated in non-destructive testing (NDT) devices, along with other smart and multifunctional components that are embedded and intelligent.
• The re-usability of an object after inspection with little-to-no effect on operating performance, coupled with the right balance between quality control and cost-effectiveness, positioned NDT as a go-to solution across all end-user verticals. The factors significantly driving the growth of the market include stringent regulations mandating safety standards and rising focus on safety and maintenance of aging infrastructure.
• Aditionally, the growth of 3D printing, many queries regarding the 3D printed parts' structural integrity, tolerance limits, layer defects, residual stress, material inclusions, etc., remain unanswered as the additive manufacturing (AM) process parameters and disruptions during the material layering may induce a variety of internal flaws and porosity in the final product. These might affect the performance of AM devices and create risks of potential failures, so the support of non-destructive testing (NDT) techniques for better assessment of AM parts is extending.
• Further, major companies, such as Mistras, Bureau Veritas, Dunegan Engineering Consultants, are investing in research and development activities, especially in the technologies, such as robotic inspections and onboard monitoring, to curb the rising demand for advanced inspection techniques in complex environments, such as off-shore oil and gas establishments, sub-sea pipelines, highly contaminant nuclear power plant environments, etc.
• In June 2020, the Office for National Statistics (ONS) said that the month-on-month index of the industrial sector's output in the UK declined by over 20% in April 2020. According to ONS, the drop shows the early impact of the COVID-19 pandemic on the country's economy. The biggest fall of 24.3% was recorded in the manufacturing sector that accounts for 75% of the production industries. As industrial production declines due to the pandemic, it will significantly affect the growth of the market.