NDT Market For Infrastructure Industry Market Share

Market Share of NDT Industry For Infrastructure Industry

The non-destructive testing market for the infrastructure industry is fragmented in nature. In the market studied the competitive rivalry between various firms depends on price, product, market share, and the intensity with which they compete. Sustainable competitive advantage can be gained through innovation. Market incumbents have adopted powerful competitive strategies based on product differentiation, market expansion, and mergers and acquisitions. Some of the key players in the market include SGS SA, Acuren Group Inc., and Mistras Group.

In June 2023, TCR Engineering announced its plans to expand its materials testing and non-destructive testing operations in India and is eyeing to launch its initial public offering (IPO) by 2025. The company's non-destructive testing services include ultrasonic testing, radiographic testing, and magnetic particle inspection, among others.

In May 2023, SGS Gulf Limited announced the introduction of a new Non-Destructive Testing (NDT) solution enabling the test of the whole running rail length of the railway tracks, with excellent throughput and coverage on a continuous basis. This new capability has complemented the SGS's range of functional safety assessment services for the railway infrastructure in the Middle East region.

NDT Market Leaders

1. SGS SA

2. Acuren Inspection, Inc.

3. Mistras Group

4. Applus Services SA

5. Bureau Veritas SA

*Disclaimer: Major Players sorted in no particular order