Ultrasonic Testing Equipment Market (By Product: Flaw Detectors, Ultrasonic Scanners, Thickness Gauges, Others; By Component: Services, Hardware; By Technique: Conventional, Advanced; By End-use Industry: Oil & Gas, Power Generation, Aerospace & Defense, Manufacturing, Automotive, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Semiconductor and Electronics | Published at : May-2019 | Delivery Format : PDF | Status: Published | Pages : 190


According to Acumen Research and Consulting, the global ultrasonic testing equipment market is expected to grow at noteworthy CAGR around 7.5 % throughout the forecast period and reach around US$ 1.8 billion by 2026.

Ultrasound tests are a non-destructive test procedure that uses high frequency sound energy for testing and measuring. It is based on the capture and quantification of waves reflected (pulse echo) or on the transmission of waves. In particular testing applications, each of these two types of waves are used. Pulse echo systems are however usually more useful because they need unilateral access to the object under examination. The increased adoption of ultrasonic pipeline test techniques is expected to drive the global market for ultrasonic testing equipment over the predicted timeframe.

The report provides analysis of global Ultrasonic Testing Equipment market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Market Dynamics

The growing adoption of ULT in the oil and gas industry can lead to an increasing demand for ULTs. Oil and gasses are transported primarily through four mediums at the global level: rail, truck, ship, and pipelines. Of these, pipelines transport 100 percent of natural gas due to the difficulty in converting natural gas into fluid structure and cost. Furthermore, pipelines are shipped in the United States to 70 per cent of crude oil products and oil products. This increased use of pipelines for oil and gas and high investment in these pipelines by governments increases demand for non-destructive pipeline testing in the oil and gas industry. For example, the Trans Anatolian Pipeline (TANAP) pipeline was started in 2016. This pipeline would transport Azerbaijani gas to Turkey and across it to the border of Europe, with an initial capacity of 16 bcma and up to 32 bcma. In addition, the project for the transmission of gas from the interconnection point of EUGAL Pipeline is being developed. Lubmin-II to the border with the Czech Republic throughout Germany. The EUGAL project invested approximately EUR 2.27 billion. This project is to run by the end of 2019, and is planned to complete its associated infrastructure by the end of 2019 and 2022.

Market Insights

There is a broad segmentation of the global market for ultrasonic testing equipment, based on product, parts, technique, end-use industry, and region. The market is divided into defect detectors, thickness gauges, ultrasonic scanners etc. In terms of the product. Including, because of portability and usability offered by defect detectors, the flaw detectors segment has an important market share. Small, portable, microprocessor-based instruments for shop and field use are ultrasonic fault detectors. The ultrasonic waveforms are generated and displayed, so that a trained operator is able to identify and classify defects in test pieces, often using analysis software. During the forecast period, the fault detector sector is expected to increase by 7.9 per cent at CAGR. In terms of component, the market is divided into hardware and services for ultrasonic testing equipment. In the hardware segment of this sector, the global market held a prominent role in 2018 and its dominance is expected to continue throughout the forecast. The market has been classified as traditional and advanced in terms of technique. The advanced segment includes a variety of test techniques such as flug time diffraction, phased array, LRUT, and other. The advanced segment is expected to hold a share of ~80 percent by the end of the forecast period due to ongoing innovations in ultrasonic testing techniques. The global market for ultrasonic test equipment was classified into oil & gas, aero-defense, energy generation, auto production, production and other products based on the end-use industry. In the oil and gas segment the ultrasonic testing equipment market is expected to consistently lead, due to increased investment in the oil and gas sector.

Non Destructive Stance

Non-destructive testing equipment is used for improving precise size and reducing the risk of missing girth solder defects; for ensuring quality of pipelines and ensuring that the pipeline is free of critical defects prior to deployment in the field. For example, a massive gas pipeline explosion in 2016 occurred as the gas pipeline in Shelby County, Alabama (United States) fell by 336,000 gallons. Non-destructive testing was mandatory by some standard organizations to avoid such critical situations.

Ultrasonic no-destructive tests are therefore used to detect faults such as leakage, porosity cracking, incomplete penetration and lack of sidewall fusion. The strength of the pipeline girth in the weld can be affected on critical parts. This factor increases the worldwide demand for ultrasound testing equipment. Strict government safety and quality control regulations also drive the world's demand for ultrasonic testing equipment.

The US government has made regular inspection activities compulsory for manufacturers of non-destructive testing machinery. In all areas of economic activity (except in electrical and telecommunicatory fields) the European Standardization Committee (CEN) is the recognized European organization in planning, drawing up and adopting European Standards. The strict regulations of the security authorities therefore drive the growth of the world market for NDT equipments.

Regional Stance

Geographically, North America, Europe, Asia Pacific, Middle East & Africa and South America segmented the world market for ultrasonic testing equipment. North America, followed by Europe, was the market leader in 2018. The Asia Pacific market is expected to expand by more than 8 percent between 2019 and 2026 with the highest CAGR. MEA and LA are also anticipated to grow at a considerable CAGR throughout the forecasting phase.

Market Segmentation

Global Ultrasonic Testing Equipment Market, By Product

  • Flaw Detectors
  • Ultrasonic Scanners
  • Thickness Gauges
  • Others

Global Ultrasonic Testing Equipment Market, By Component

  • Services
  • Hardware

Global Ultrasonic Testing Equipment Market, By Technique

  • Conventional
  • Advanced

Global Ultrasonic Testing Equipment Market, By End-use Industry

  • Oil & Gas
  • Power Generation
  • Aerospace & Defense
  • Manufacturing
  • Automotive
  • Others

Global Ultrasonic Testing Equipment Market, By Geography

  • North America.
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “Ultrasonic Testing Equipment Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Ultrasonic Testing Equipment market segments with market dynamics and their impact. The report also covers basic technology development policies.

The report provides an analysis of the latest industry trends from 2015 to 2026 in all sub-segment segments and forecasts revenue and volume growth on the global, the regional and country levels. ARC has divided the global market report of medical oxygen concentrations on product, application, technology and region for this study.

Key Players & Strategies

Key players in the global market of ultrasonic test equipment focus on the development and market entry of new products to achieve a competitive edge and improve their brand positioning on the market of two players i.e. at present. The maximum income is generated by Olympus Corporation and Sonatest Ltd. Baker Hughes, Amerapex Corporation, Ndt Systems Inc., LLC (a GE company), TecScan System Inc., Ametek, Inc., Zeal International, and Eddyfi NDT Inc. are additionally operating on the markets.

With several companies on the market, the market appears to have been moderately concentrated. This report will help customers identify new growth opportunities and design unique growth strategies by providing an extensive market analysis and information on products offered by businesses.

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