World Nondestructive Test Inspection
Services Market
An Indestructible Future
N94C-30
June 2011
Table of Contents
Slide number
Executive Summary
•
Definitions and Scope of research
•
Growth Opportunities and Total Forecasts
•
Key Market Drivers Summary
•
Trends
•
Key Market Participants
Total World NDT Inspection Services Market
•
Market Overview and Definitions
•
Market Engineering Measurements
•
Industry Challenges
•
Market Drivers and Restraints
•
Market Trends
•
Technology Trends
•
Revenue Forecasts
•
Trends by End User
•
Trends by Geography
•
Competitive Environment
•
Market Share Analysis
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11
12
13
14
15
17
18
21
22
29
38
40
41
43
46
47
48
4
Table of Contents (Contd…)
Slides number
North American NDT Inspection Services Market
49
•
Market Engineering Measurements
50
•
Revenue Forecast
51
•
Trends by End User
53
•
Competitive Environment
55
European NDT Inspection Services Market
57
•
Market Engineering Measurements
58
•
Revenue Forecast
59
•
Trends by End User
61
•
Competitive Environment
63
Asia Pacific NDT Inspection Services Market
65
•
Market Engineering Measurements
66
•
Revenue Forecast
67
•
Trends by End User
69
•
Competitive Environment
71
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Table of Contents (Contd…)
Slides number
Rest-of-World NDT Inspection Services Market
73
•
Market Engineering Measurements
74
•
Revenue Forecast
75
•
Trends by End User
77
•
Competitive Environment
79
Strategic Observations and Conclusion
81
Which Way is the NDT Inspection Services Market Headed?
82
About Frost & Sullivan
84
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List of Figures
Total NDT Inspection Services Market: Impact of Top Five Industry Challenges (World), 2011-2017
23
NDT Inspection Services Market: Certification Requirements for Level I and Level II (World), 2010
26
Total NDT Inspection Services Market: Market Drivers Ranked in Order of Impact (World), 2011-2017
30
Total NDT Inspection Services Market: Market Restraints Ranked in Order of Impact (World), 2011-2017
35
NDT Inspection Services Market: Significant Mergers and Acquisitions (World), 2010
38
Total NDT Inspection Services Market: Revenue Forecast (World), 2007-2017
41
Total NDT Inspection Services Market: Revenue Forecast by End User (World), 2007-2017
44
Total NDT Inspection Services Market: Competitive Structure (World), 2010
47
NDT Inspection Services Market: Revenue Forecast (North America), 2007-2017
51
NDT Inspection Services Market: Revenue Forecast by End User (North America), 2007-2017
53
NDT Inspection Services Market: Competitive Structure (North America), 2010
55
NDT Inspection Services Market: Revenue Forecast (Europe), 2007-2017
59
NDT Inspection Services Market: Revenue Forecast by End User (Europe), 2007-2017
61
NDT Inspection Services Market: Competitive Structure (Europe), 2010
63
NDT Inspection Services Market: Revenue Forecast (Asia Pacific), 2007-2017
67
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List of Figures (Contd…)
NDT Inspection Services Market: Revenue Forecast by End User (Asia Pacific), 2007-2017
69
NDT Inspection Services Market: Competitive Structure (Asia Pacific), 2010
71
NDT Inspection Services Market: Revenue Forecast (ROW), 2007-2017
75
NDT Inspection Services Market: Revenue Forecast by End User (ROW), 2007-2017
77
NDT Inspection Services Market: Competitive Structure (ROW), 2010
79
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List of Charts
Total NDT Inspection Services Market: Revenue Forecast by Geographic Region (World), 2007-2017
12
Total NDT Inspection Services Market: Key Market Drivers (World), 2011-2017
13
Total NDT Inspection Services Market: Market Engineering Measurements (World), 2010
21
Total NDT Inspection Services Market: Industry Challenges (World), 2011-2017
22
Total NDT Inspection Services Market: Market Drivers and Restraints (World), 2011-2017
29
NDT Inspection Services Market: GDP Growth Rate in Major Economies (World), Q1 2008-Q1 2011
33
Total NDT Inspection Services Market: Revenue Forecast (World), 2007-2017
42
Total NDT Inspection Services Market: Percent of Revenues by End user (World), 2010
43
Total NDT Inspection Services Market: Percent of Revenues by Geographic Region (World), 2010
46
Total NDT Inspection Services Market: Company Market Share by Revenues (World), 2010
48
NDT Inspection Services Market: Market Engineering Measurements (North America), 2010
50
NDT Inspection Services Market: Revenue Forecast (North America), 2007-2017
52
NDT Inspection Services Market: Market Engineering Measurements (Europe), 2010
58
NDT Inspection Services Market: Revenue Forecast (Europe), 2007-2017
60
NDT Inspection Services Market: Market Engineering Measurements (Asia Pacific), 2010
66
NDT Inspection Services Market: Revenue Forecast (Asia Pacific), 2007-2017
68
NDT Inspection Services Market: Market Engineering Measurements (ROW), 2010
74
NDT Inspection Services Market: Revenue Forecast (ROW), 2007-2017
76
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Executive Summary
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Definitions and Scope of Research
Technology Segments
End User Segments
• Ultrasonic Inspection Services
• Oil and Gas
NDT
Inspection
Services
Market
• Surface Inspection Services
• Electromagnetic Inspection
Services
• Visual Inspection Services
• Radiography Services
• Power Generation
• Petrochemical and Chemical
Industries
• Manufacturing and Process
Industries
• Others(aerospace, military,
and defence, automotive, and
transportation)
Geographic Segments
North America
• The United States and
Canada
Europe
• Countries in western
and eastern Europe,
including Russia
Asia Pacific
Rest-of-World
• Countries on the
western border of the
Pacific ocean, including
Indo-Chinese peninsula
and the Pacific islands,
and central Asia
• Latin America (Brazil,
Mexico, Argentina, and
Central and South
America), Caribbean
Islands, the Middle
East, and Africa
The scope of this research only includes the third-party NDT inspection service providers. It does not encompass the NDT
inspection performed in-house by the industries.
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Growth Opportunities and Total Forecasts
Total NDT Inspection Services Market: Revenue Forecast by Geographic Region (World), 2007-2017
$x
Million
$x
Million
2010
Revenues ($ Million)
x,xxx.x
x,xxx.x
CAGR: x.x%
x,xxx.x
x,xxx.x
x,xxx.x
x,xxx.x
xxx.x
2007
2008
2009
North America
2010
2011
Europe
2012
2013
2014
2015
Asia Pacif ic
2016
2017
2017
Rest-of -World
Note: All figures are rounded; the base year is 2010. Source: Frost & Sullivan Analysis
• The economic crisis of 2008-2009 had a significantly low impact on the world NDT inspection services market. The revenue growth rate
decreased, but a negative dip in revenues was not witnessed. A key reason for this was an increase in the scrutiny of government
regulations. The government compelled industries to perform inspections at specific intervals of time. The oil and gas segment
witnessed the maximum scrutiny which drove the market forward, contributing over xx percent of the revenues overall.
• The recovery from the economic downturn was remarkable with the market recording a better-than-expected growth rate in 2010. This
was mainly due to an increase in NDT inspection demand from the Asian economies, driven by high economic growth.
• The power generation segment is likely to provide the maximum opportunity for growth in this market. With an increase in energy
demand coupled with a drive toward healthier environment and drying up of non-renewable sources of energy, renewable energy
sources such as wind, solar, and nuclear will witness a gradual increase in demand. A few companies have recognized this opportunity
by introducing specialized NDT inspection services for the renewable power generation segment.
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Key Market Drivers Summary
Total NDT Inspection Services Market: Key Market Drivers (World), 2011-2017
Outsourcing of
inspection
increases demand
for NDT inspection
services
Risk awareness
and focus on
prevention ignites
demand for NDT
inspection
Emerging
economies boost
market revenues
Corrosion issues
with aging
infrastructure spurs
demand for NDT
inspection
Government safety
regulations sustains
demand for NDT
inspection services
Source: Frost & Sullivan Analysis
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Trends
•
Asia Pacific is expected to play an important role in the growth and demand for NDT inspection services during
the forecast period. In terms of revenue generation, this region accounted for approximately xx percent of
overall revenues in 2010 and is expected to grow further as demand from key end user industries, such as
manufacturing, oil and gas, and power generation, continues to increase.
Regional Trends
•
North America continues to play an important role in terms of revenues for this market. The presence of
established end users such as oil and gas, and process industries is pivotal to the demand in this region. It is
expected to remain the biggest contributor to revenues in this market.
•
The oil and gas industry remains the biggest end user for NDT inspection services market. The stringent
government safety regulations for this industry creates high demand for inspection services.
•
The power generation industry is expected to drive the growth in this market for the forecast period. The shift to
clean power generation with an increased emphasis on wind energy provides the NDT inspection market with
End User Trends
the opportunity to grow.
•
Industries such as automotive, aerospace, military, and defence are the least significant end users for NDT
inspection service providers as they carry out most of their inspection in-house.
•
There is a distinctive trend toward the use of phased array ultrasonics for weld inspection in the pipeline
industry. Several companies are offering a combination of phased array and time of flight diffraction (TOFD)
inspection techniques.
Technology
Trends
•
In the radiography services segment, the transition from analog to digital X-ray inspection is a trend that is
expected to continue. The ease-of-use, productivity, and overall annual cost advantages of implementing digital
x-ray inspection systems outweighs the tried and tested benefits offered by the film-based X-ray inspection
systems market.
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Key Market Participants
•
Acuren Group Inc
•
Intertek Group PLC
•
Trinidad Inspection Services
Limited
•
TEAM Inc
•
NDT Services Ltd
•
Bureau Veritas
•
NDT Systems and Services AG
•
Coastal Inspection Services, Inc
•
TWI Ltd
•
MISTRAS Group Inc
•
Bonded Inspections Inc.
•
TUV SUD
•
Russell NDE Systems Inc
•
RNDT, Inc.
•
GE measurement and control
solutions
•
Dacon Inspection Services Co.,
Ltd.
•
Alloyweld Inspection Company, Inc.
•
Magnachek, Inс.
•
Vibrant NDT
•
SGS SA
•
Silverwing (UK) Ltd.
•
Intron Plus Ltd.
•
Dekra Industrial AB
•
ABEN Technical Services
•
TEI Analytical Services
•
NDTS India (P) Ltd.
•
Sinclair X-ray Inspection Services
•
Century Inspection, Inc
•
T.D.Williamson, Inc.
•
NDT EXPERT
•
Hi-Tech NDT Inspection
Services (S) Pte Ltd
•
Cutech Group
•
HMT Inc
•
Hi-Tech Testing Service, Inc
•
IRISNDT
•
R.Brooks Associates, Inc
•
Westech Inspection, Inc.
•
International Inspection, Inc.
•
•
West Penn Testing Group
James Fisher Inspection and
Measurement Services
•
Sievert India Pvt.Ltd
•
SENSE Engineering Services Ltd.
•
Sonovation B.V.
•
VOGT Ultrasonics GambH
•
Applus RTD
•
Techcorr USA, LLC
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