Market Share of Non-Destructive Testing Industry in Oil and Gas Market
The NDT market is competitive. The increasing regulations, which make it mandatory for different organizations to undergo a life assessment procedure as a safety measure, coupled with the regular inspection required to check for any damage in the equipment and take necessary action, create a market for NDT. Thus, companies are entering this market, seeing a huge opportunity. Some key players are Magnaflux Corp., Zetec Inc., YXLON International Gmbh (COMET Group), Fujifilm Corporation, Olympus Corporation, and Bureau Veritas SA, among others. Some recent developments are:
In September 2022, Waygate Technologies teams up with RINA. This collaboration combines digital expertise and data intelligence in non-destructive inspection to create exceptional customer benefits and added value. The joint solution will help detect potential defects during and after welding, optimize production processes, reduce the risk of rework and scrap, and eventually improve the quality of welded joints.
In May 2022, TWI signed an MoU with Tech Eurolab Ltd. for delivering funded projects and non-destructive testing programs across a range of industries and technologies for attaining the highest standards of quality and safety for products and processes.
Oil & Gas Non-Destructive Testing Market Leaders
YXLON International
Fujifilm Corporation
Olympus Corporation
Bureau Veritas SA
Magnaflux Corp
*Disclaimer: Major Players sorted in no particular order
