US Ultrasonic NDT Equipment Market Research Report Information By End-User (Oil & Gas Industry, Power Generation, Aerospace and defense sector, Automotive and Transportation industry), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

The global market for ultrasonic NDT equipment, as analyzed by MRFR, is divided into different categories based on how testing is done, the industry it serves, and the geographical location. In terms of testing methods, the equipment is categorized into flaw detectors, thickness gauges, transducers & probes, industrial scanners, inspection systems, and others. The flaw detectors category held the largest market share at 28.8% in 2018, and it's anticipated to grow by 8.23% annually from 2019 to 2025. Flaw detectors are widely used to identify issues within materials, measuring cracks, inclusions, discontinuities, voids, and porosity. These detectors play a crucial role in inspecting infrastructure, tanks, pipes, and welding.

When considering the industries or verticals using this equipment, the market is segmented into automotive, power & utilities, oil & gas, aerospace & defense, infrastructure, and others. The oil & gas sector was the leading user, holding a 25.6% share in 2018. This is attributed to the equipment's ability to efficiently inspect cladding, welds, pipes, and risers, reducing the risk of major failures in refineries, storage facilities, and oil extraction and delivery systems. Ultrasonic testing equipment not only prevents revenue losses but also minimizes the risk of liability while enhancing the overall uptime of assets.

Geographically, North America dominated the market, holding a share of 32.2%. This is mainly because major players like GE Inspection Technologies, Danatronics Corporation, and James Instruments operate in the region, offering a wide range of equipment for flaw detection in materials or parts. Additionally, rapid technological advancements and infrastructure development in North America contribute to the market's growth. On the other hand, the Asia-Pacific region is expected to experience the highest growth rate from 2019 to 2025. This is driven by increased investments from governments in countries like China, Japan, India, and others for infrastructure development. The growing installation of wind turbines in the region also contributes to the demand for ultrasonic NDT equipment.

In summary, the global market for ultrasonic NDT equipment is diverse, with various testing methods, industries, and geographical regions playing crucial roles. The flaw detectors segment is particularly significant, given its widespread use in detecting and measuring flaws in materials. The oil & gas industry is a major consumer of this equipment, ensuring the integrity of critical infrastructure components. North America currently leads the market, but the Asia-Pacific region is poised for rapid growth due to significant investments and developments in infrastructure.