Market Trends of NDT in Power Generation Industry
This section covers the major market trends shaping the Non-Destructive Testing In Power Generation Market according to our research experts:
Visual Inspection Testing is Expected to Witness a Significant Growth
- Visual inspection equipment comprises a wide range of endoscopes, high-speed cameras, thermal imagers, and microscopes, which are used to detect leaks or cracks on the surface of the specimen. These are also used for quality assurance or maintenance and repair in the power generation industry. Visual inspections are carried out during series production or in the final inspection step.
- Also, visual inspection equipment comprises devices used for two different types of inspection, direct and indirect inspections. Direct equipment is employed to test and assess the material directly by one inspector or tester.
- Direct visual inspection can be carried out with tools such as borescopes, fiberscopes, and HD optics. These are used in difficult-to-reach places, such as the insides of machines, locks, etc. In indirect visual inspection, the area to be inspected is captured by a camera and displayed on a monitor by many people.
- Due to the advancement in technology and digitalization of the power generation sector, companies are innovating automated visual inspection equipment. For instance, RNA has manufactured a computerized vision inspection system to meet high-speed quality control requirements for 100% inspection. It can be used for system integrators, sorting, production, manufacturing, and all types of automation and robotic applications in various industries, including the power generation sector.
- Further, many companies offer remote visual inspection equipment in the studied market. For instance, Baker Hughes offers a range of durable remote visual inspection equipment that enable easier and more accurate data collection and analysis. The company uses technologies such as Real3D to ensure measurement accuracy, and TrueSight, for superior image quality. Its visual inspection equipment is built to meet the modern demands for safety, efficiency, and precision in the power generation industries.
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Asia Pacific is Expected to Witness Significant Growth
- Currently, China is the world's largest producer of electricity. The country's energy demand is expected to increase, thereby provoking the growth in energy production. NDT application in the fossil fuel segment for power generation dominates the market. Also, there has been an increased count of aging infrastructure in the power industry in the country, making it essential to use NDT equipment to identify and secure the integrity of these structures. As a result, the NDT service in the country is expected to grow rapidly over the forecast period.
- In February 2021, China put a new 38.4 gigawatts (GW) of new coal-fired power capacity into operation. Also, China supported the construction of a further 36.9 GW of coal-fired capacity in 2020, three times more than in 2019. It now has 247 GW of coal power under development, enough to supply the whole of Germany. The NDT equipment market is expected to have tremendous opportunities with these planned power plants.
- India has the fifth-largest power generation capacity globally. Also, the country ranks third globally in terms of electricity production. The Indian national electric grid has an installed capacity of 382.15 GW as of March 2021. This implies that the current demand for NDT equipment is dominated by the fossil fuel sector, with nuclear energy-based NDT equipment slowly gaining momentum.
- Further, South Korea had more than 84 coal power plants (CPP), 27 gas power plants (GPP), and 23 nuclear power plants (NPP) operational at the end of 2016. According to several studies, the electricity demand increased approximately 0.7% Y-o-Y in the country, leading to 4 NPP, 8 CPP under construction, and 6 more CPP announced for the future, creating several opportunities for the NDT equipment market in the region.
- According to the Japan Atomic Industrial Forum, twelve other reactors at six sites have been approved for the restart, and two new powerplants are under construction, which is expected to be operational in the forecast period, increasing the need for NDT services in the power generation sector.
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