Non-Destructive Testing (NDT) Equipment Market Share

Market Share of Non-Destructive Testing (NDT) Equipment Industry

The Non-Destructive Testing (NDT) Equipment Market concentration is moderately high with the presence of key players like Olympus Corporation, Baker Hughes, YXLON International GmbH (COMET Holding AG), OkoNDT group, and Applus+ Laboratories among others. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

• September 2022 - WaygateTechnologies, a Baker Hughes business and world leader in nondestructive testing (NDT) solutions for industrial inspection, introduced Krautkrämer SpotVision, a new phased array ultrasonic solution for spot weld inspection. By using the inspection device, e.g., on chassis parts during the manufacturing process, car companies can reduce downtime while ensuring that their products meet high-quality standards and product safety is guaranteed. The Krautkrämer SpotVisionsolution combines a new phased array probe with the latest software and the KrautkrämerMentor UT flaw detector.
• March 2022 - Bureau Veritas joined VAKT, a blockchain-enabled platform designed to shape trust between commodities traders. With its help, the company would receive nominations digitally via the platform and upload all test and inspection data once work is complete.

Non-Destructive Testing Equipment Market Leaders

1. Olympus Corporation

2. Baker Hughes

3. YXLON International GmbH (COMET Holding AG)

4. OkoNDT group

5. Applus+ Laboratories

*Disclaimer: Major Players sorted in no particular order