Magnetic Particle Testing (MT) Market Size and Share

Magnetic Particle Testing (MT) Market (2025 - 2030)
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Magnetic Particle Testing (MT) Market Analysis by Mordor Intelligence

The magnetic particle testing market size reached USD 1.88 billion in 2025 and is projected to increase to USD 2.74 billion by 2030, growing at a 7.79% CAGR. Demand is expanding as operators of pipelines, pressure vessels, aircraft, and wind-energy structures strengthen inspection regimes to keep aging assets safe. Heightened weld-quality codes, growing adoption of automated inline inspection, and post-pandemic resurgence of aerospace component output are reinforcing the need for fast and reliable surface-defect detection. The magnetic particle testing market continues to benefit from stricter compliance oversight in North America and Europe. Meanwhile, the Asia-Pacific region is expected to drive the sharpest volume growth, as manufacturers in China, India, and South Korea upgrade their quality control systems. Digitally enabled equipment that feeds inspection data into predictive-maintenance platforms is becoming the competitive baseline. 

Key Report Takeaways

  • By magnetization current type, alternating current is expected to hold a 52.2% revenue share in 2024, while half-wave direct current is projected to expand at a 9.9% CAGR through 2030.  
  • By portability, portable and handheld equipment accounted for 46.2% of the magnetic particle testing market size in 2024; automated and robotic lines are projected to grow at a 12.9% CAGR through 2030.  
  • By end-user industry, the oil and gas sector captured 26.7% of the magnetic particle testing market share in 2024, whereas the automotive and transportation sector is forecast to post the fastest growth at a 12.4% CAGR through 2030.  
  • By geography, North America led with a 35.1% revenue share in 2024, whereas the Asia-Pacific region is poised for a 9.2% CAGR through 2030.  

Segment Analysis

By Magnetization Current Type – AC Holds the Lead While HWDC Accelerates

Alternating-current benches maintained a 52.2% share of the magnetic particle testing market in 2024, thanks to their ease of use and crisp surface-crack visibility. Users in automotive stamping lines favor AC because it minimizes training requirements and cycles quickly. Half-wave direct-current systems, however, are advancing at a 9.9% CAGR as aerospace and energy operators seek deeper penetration in thick forgings. The magnetic particle testing market size for HWDC is projected to grow steadily through 2030, driven by demand for applications in landing gear and pressure vessels. OEMs now integrate programmable power supplies that toggle between AC and DC, letting inspectors match current to wall thickness without swapping hardware. This flexibility trims setup time, raises throughput, and supports mixed-material production cells.  

The adoption of HWDC also aligns with the shift toward robotics. Automated stations equipped with multi-mode power units can run AC for cosmetic weld passes and switch to HWDC for root analysis in a single pass, thereby reducing the number of inspection steps. Standards such as ASTM E709 outline the amperage bands for each orientation, simplifying the qualification of procedures. Suppliers that certify both current modes under UL and CSA listings earn preference from multinational buyers who enforce harmonized safety rules across sites.

Magnetic Particle Testing (MT) Market: Market Share by Magnetization Current Type
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By Portability – Robotics Reshape Field and Factory Workflows

Portable yokes and handheld coils still account for 46.2% of revenue, as field crews require flexible tools for bridge gussets, offshore risers, and storage tanks. The magnetic particle testing market size tied to these units remains stable, particularly in maintenance and repair contracts. Yet automated and robotic cells are delivering a 12.9% CAGR as factories embed nondestructive testing directly into conveyors. Crawlers equipped with suction cups traverse vertical pipelines while articulating heads maintain lift over complex weld profiles. When indications appear, onboard cameras document flaws and send alerts to maintenance planners, closing the loop between quality control and asset health management.  

Stationary benches continue to serve high-volume shops producing shafts, bearings, and bolt batches. However, customers now specify Industry 4.0 connectivity so that amperage settings, dwell times, and UV-LED exposure logs are fed into enterprise databases. This data helps correlate defect trends with upstream process variables, supporting lean initiatives. Vendors that couple magnetization with image-processing AI lower interpretation variance, a pain point for auditors who demand repeatability. As inspector availability tightens, such automation gains strategic weight in procurement decisions.

By End-user Industry – Oil and Gas Leads but Automotive Surges

Oil and gas operations accounted for 26.7% of the magnetic particle testing market share in 2024, driven by mandatory pipeline surveys and refinery turnaround scopes. Despite that dominance, electric-vehicle manufacturing is propelling automotive and transportation toward a 12.4% CAGR. Battery housings, e-axle shafts, and lightweight steel-aluminum hybrids require surface-defect screening before final assembly, as latent cracks can trigger thermal events. The magnetic particle testing market size allocated to automotive lines will therefore expand faster than legacy hydrocarbon applications.  

Aerospace keeps steady orders as engine makers raise production cadence, while defense shipyards rely on magnetic particle testing to extend hull life. Construction players deploy yokes on onshore wind-tower sections, whereas chemical-plant operators scrutinize reactor seams that run at high pressures. Digital documentation is now pivotal across all sectors because regulators and OEM customers expect traceable evidence of inspection coverage. Suppliers offering cloud-based archives and secure data links position themselves for multi-year service contracts.

Magnetic Particle Testing (MT) Market: Market Share by End-user Industry
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Geography Analysis

North America retained a 35.1% market share in 2024, sustained by tight federal oversight, extensive installed energy infrastructure, and leadership in aerospace manufacturing. U.S. pipeline owners schedule recurrent magnetic particle scans to satisfy the Pipeline and Hazardous Materials Safety Administration, while the Department of Defense directs ongoing hull surveys for naval vessels. Canada contributes to additional demand through its oil sands and mining assets, which are subject to harsh weather conditions and fatigue. Certified training centers in the United States maintain high inspector competency, ensuring timely project execution.

The Asia-Pacific region is the fastest-growing arena, with a 9.2% CAGR. China and India are expanding automotive, rail, and infrastructure projects that require large quantities of ferromagnetic inspections. Magnetic Analysis Corporation established an Indian subsidiary in 2024 to cater to local buyers who require prompt service and spare parts.[3]Magnetic Analysis Corporation, “Magnetic Analysis Corporation Establishes Indian Subsidiary to Enhance Local Support,” Magnetic Analysis Corporation, mac-usa.com South Korea’s shipyards depend on continuous magnetic particle testing of hull and propeller shafts to protect export reputations. Japan and Taiwan push the innovation frontier, integrating AI analytics into inspection software and supplying components to global OEMs.

Europe remains steady as offshore wind and automotive electrification absorb capital. Germany’s Tier-1 suppliers automate test bays for crankshafts and EV motor cores, while the United Kingdom enforces rigorous tower inspections in North Sea wind farms. REACH regulations steer buyers toward water-based particles, prompting equipment retrofits. Elsewhere, the Middle East and Africa are emerging as hubs for pipelines and petrochemicals; however, progress is hindered by the talent gap in the inspectorate and by budget allocation cycles in government-owned projects.

Magnetic Particle Testing (MT) Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The magnetic particle testing market features a moderate but widening field of players. Incumbents Magnaflux and Olympus offer broad product ranges, rugged after-sales networks, and brand familiarity. Their portfolios now include UV-LED lamps with longer life, variable frequency power packs, and mobile data-logging apps that push reports to cloud storage. Automation specialists, such as Eddyfi, which was amplified by its USD 445 million Zetec acquisition in December 2024, bundle robot arms, multi-modal NDT sensors, and AI software into turnkey cells.[4]Eddyfi Technologies, “Eddyfi Finalizes Acquisition of Zetec,” eddyfi.com

Regional manufacturers in India and China supply cost-optimized benches for mid-tier workshops, adding competitive tension at the low-to-mid price points. New entrants leverage edge-processing chips and open-source vision libraries to interpret indications without high-end servers, reducing barriers for small repair shops. Strategic alliances between equipment manufacturers and predictive-maintenance software vendors are forming because asset owners want inspection information to flow into their enterprise dashboards. This trend shifts bargaining power toward firms proficient in data architecture, not just magnetization physics.

Customer procurement teams are also evaluating carbon footprints. Suppliers that source rare-earth-free magnets, as Niron Magnetics does in its Minnesota plant, gain credibility with ESG-focused buyers. Overall, the top five vendors account for roughly 38% of global revenue, placing the industry in a mid-fragmented state with ample room for both consolidation and local specialization.

Magnetic Particle Testing (MT) Industry Leaders

  1. Eddyfi Technologies

  2. Olympus Corporation (Evident)

  3. Zetec Inc

  4. Applus+ Laboratories

  5. Waygate Technologies

  6. *Disclaimer: Major Players sorted in no particular order
Magnetic Particle Testing (MT) Market
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Recent Industry Developments

  • August 2025: Industrial Inspection and Analysis highlighted Ontario tower crane rules and issued magnetic particle testing compliance guidance.
  • July 2025: ASTM International began revising E1444/E1444M-25 to tighten aerospace function-verification guidelines.
  • March 2025: Niron Magnetics won the mHUB Innovation of the Year award for iron-nitride technology.
  • January 2025: Niron Magnetics secured USD 52 million to scale domestic magnet production.

Table of Contents for Magnetic Particle Testing (MT) Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising asset integrity mandates in aging industrial infrastructure
    • 4.2.2 Surge in aerospace component production post pandemic recovery
    • 4.2.3 Adoption of automated inline inspection in EV battery lines
    • 4.2.4 Stringent weld quality codes in offshore wind projects
    • 4.2.5 Shift toward predictive maintenance driven by IIoT data lakes
    • 4.2.6 Growing defense spending on naval vessel life extension
  • 4.3 Market Restraints
    • 4.3.1 Skilled inspector shortage in developing economies
    • 4.3.2 Hazardous waste disposal costs of magnetic powders
    • 4.3.3 False-positive rates versus phased-array ultrasound
    • 4.3.4 Capital intensity of fully robotic MT cells
  • 4.4 Industry Value Chain Analysis
  • 4.5 Impact of Macroeconomic Factors
  • 4.6 Regulatory Landscape
  • 4.7 Technological Outlook
  • 4.8 Porter’s Five Forces Analysis
    • 4.8.1 Threat of New Entrants
    • 4.8.2 Bargaining Power of Suppliers
    • 4.8.3 Bargaining Power of Buyers
    • 4.8.4 Threat of Substitutes
    • 4.8.5 Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Magnetization Current Type
    • 5.1.1 Alternating Current (AC)
    • 5.1.2 Direct Current (DC)
    • 5.1.3 Half-wave Direct Current (HWDC)
  • 5.2 By Portability
    • 5.2.1 Portable or Handheld
    • 5.2.2 Stationary or Benchtop
    • 5.2.3 Automated or Robotic
  • 5.3 By End-user Industry
    • 5.3.1 Oil and Gas
    • 5.3.2 Power Generation
    • 5.3.3 Aerospace
    • 5.3.4 Defense
    • 5.3.5 Automotive and Transportation
    • 5.3.6 Manufacturing and Heavy Engineering
    • 5.3.7 Construction and Infrastructure
    • 5.3.8 Chemical and Petrochemical
    • 5.3.9 Marine and Ship Building
    • 5.3.10 Electronics and Semiconductor
    • 5.3.11 Mining
    • 5.3.12 Medical Devices
    • 5.3.13 Others
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.2 South America
    • 5.4.2.1 Brazil
    • 5.4.2.2 Argentina
    • 5.4.2.3 Rest of South America
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Spain
    • 5.4.3.6 Rest of Europe
    • 5.4.4 Asia Pacific
    • 5.4.4.1 China
    • 5.4.4.2 Japan
    • 5.4.4.3 India
    • 5.4.4.4 South Korea
    • 5.4.4.5 South-East Asia
    • 5.4.4.6 Rest of Asia Pacific
    • 5.4.5 Middle East
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 United Arab Emirates
    • 5.4.5.3 Turkey
    • 5.4.5.4 Rest of Middle East
    • 5.4.6 Africa
    • 5.4.6.1 South Africa
    • 5.4.6.2 Nigeria
    • 5.4.6.3 Rest of Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Magnaflux
    • 6.4.2 Parker Research Corporation
    • 6.4.3 Magnetic Analysis Corporation
    • 6.4.4 Johnson and Allen Ltd
    • 6.4.5 Karl Deutsch Prüf- und Messgerätebau GmbH
    • 6.4.6 NDT Technologies Inc
    • 6.4.7 Sonatest Ltd
    • 6.4.8 Eddyfi Technologies
    • 6.4.9 Nikon Corporation (Industrial Metrology)
    • 6.4.10 Olympus Corporation (Evident)
    • 6.4.11 Zetec Inc
    • 6.4.12 Ashtead Technology
    • 6.4.13 Yxlon International GmbH
    • 6.4.14 RMG NDT
    • 6.4.15 Bharat NDT Systems
    • 6.4.16 Bosello High Technology srl
    • 6.4.17 Labino AB
    • 6.4.18 Applus+ Laboratories
    • 6.4.19 Magnetic Inspection Laboratory Inc
    • 6.4.20 MME Group Inc
    • 6.4.21 Waygate Technologies
    • 6.4.22 Tiede GmbH
    • 6.4.23 Cygnus Instruments Ltd
    • 6.4.24 Phoenix Inspection Systems Ltd
    • 6.4.25 OKOndt Group

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-need Assessment
*List of vendors is dynamic and will be updated based on the customized study scope
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Global Magnetic Particle Testing (MT) Market Report Scope

By Magnetization Current Type
Alternating Current (AC)
Direct Current (DC)
Half-wave Direct Current (HWDC)
By Portability
Portable or Handheld
Stationary or Benchtop
Automated or Robotic
By End-user Industry
Oil and Gas
Power Generation
Aerospace
Defense
Automotive and Transportation
Manufacturing and Heavy Engineering
Construction and Infrastructure
Chemical and Petrochemical
Marine and Ship Building
Electronics and Semiconductor
Mining
Medical Devices
Others
By Geography
North AmericaUnited States
Canada
Mexico
South AmericaBrazil
Argentina
Rest of South America
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia PacificChina
Japan
India
South Korea
South-East Asia
Rest of Asia Pacific
Middle EastSaudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
AfricaSouth Africa
Nigeria
Rest of Africa
By Magnetization Current TypeAlternating Current (AC)
Direct Current (DC)
Half-wave Direct Current (HWDC)
By PortabilityPortable or Handheld
Stationary or Benchtop
Automated or Robotic
By End-user IndustryOil and Gas
Power Generation
Aerospace
Defense
Automotive and Transportation
Manufacturing and Heavy Engineering
Construction and Infrastructure
Chemical and Petrochemical
Marine and Ship Building
Electronics and Semiconductor
Mining
Medical Devices
Others
By GeographyNorth AmericaUnited States
Canada
Mexico
South AmericaBrazil
Argentina
Rest of South America
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia PacificChina
Japan
India
South Korea
South-East Asia
Rest of Asia Pacific
Middle EastSaudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
AfricaSouth Africa
Nigeria
Rest of Africa
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Key Questions Answered in the Report

How big is the magnetic particle testing market in 2025?

The magnetic particle testing market size is expected to reach USD 1.88 billion by 2025.

What is the expected growth rate through 2030?

The market is projected to grow at a 7.79% CAGR from 2025 to 2030.

Which region grows fastest through the forecast period?

Asia-Pacific is projected to post the highest regional CAGR of 9.2% through 2030.

Which current type gains momentum?

Half-wave direct current systems are advancing at a 9.9% CAGR due to deeper penetration needs.

What end-user segment outpaces others?

The automotive and transportation sectors are expected to lead future growth, with a forecast 12.4% CAGR as electric vehicle production scales.

How will automation influence future demand?

Automated and robotic inspection lines are set to grow at a 12.9% CAGR as manufacturers pursue inline, data-rich quality control.

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