Ultrasonic Testing Market

The ultrasonic testing market is expected to reach USD 4.60 billion by 2029 from USD 2.92 billion in 2024, at a CAGR of 9.5% during the 2024-2029 period.

Strict government regulations and industry standards play an important role in driving the ultrasonic testing market. Regulatory bodies have implemented various standards to ensure that products meet the safety and quality criteria in industries such as manufacturing, aerospace, automotive, oil & gas, government & infrastructure, power generation, healthcare, etc. Government and industrial standards necessitate regular NDT and inspection methods, including ultrasonic testing that detects material flaws and weaknesses in the component without compromising its integrity. For instance, organizations such as the American Society for Non-destructive Testing (ASNT) and the American Petroleum Institute (API) set high benchmarks for NDT/ultrasonic testing practices, and force manufacturers to adopt advanced testing techniques to adhere to safety standards.

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Major Ultrasonic Testing companies include:

• Baker Hughes Company (US)
• EVIDENT (Japan)
• Eddyfi (Canada)
• Sonatest (US)
• NDT Systems Inc (US)
• SGS SOCIETE GENERALE DE SURVEILLANCE SA (Switzerland)
• Intertek Group plc (UK)
• MISTRAS Group (US)
• DEKRA (Germany)
• Applus+ (Spain)
• TÜV Rheinland (Germany)
• Element Materials Technology (UK)

The major players in the ultrasonic testing market are Baker Hughes Company (US), EVIDENT (Japan), Eddyfi (Canada), Sonatest (US), NDT Systems Inc (US), SGS SOCIETE GENERALE DE SURVEILLANCE SA. (Switzerland), Intertek Group plc (UK), MISTRAS Group (US), DEKRA (Germany), Applus+ (Spain), TÜV Rheinland (Germany), Element Materials Technology (UK), etc.

Baker Hughes Company

Baker Hughes Company (US) is an energy technology company that operates on a diversified portfolio of technologies and services throughout the energy and industrial value chain. Having over a century of experience the company operates in more than 120 countries.

Baker Hughes Company offers ultrasonic testing equipment and services under its subsidiary Waygate Technologies, former GE Inspection Technologies (GEIT). In 2004, GE Inspection Technologies (GEIT) became part of Baker Hughes in 2017 following the merger of GE's Oil & Gas division with Baker Hughes Company. GEIT was rebranded to Waygate Technologies due to Baker Hughes' planned separation from GE, later GE has divested its majority ownership in 2019. Under the new brand, Waygate Technologies continues operating within Baker Hughes' digital solutions segment, focusing on industrial inspection.

Waygate Technologies provides a comprehensive range of non-destructive testing (NDT) solutions, including X- ray, advanced digital technologies, computed tomography, radiographic testing, high-definition remote visual inspection, and portable ultrasonic systems.

SGS Société Générale de Surveillance SA

SGS Société Générale de Surveillance SA is a Swiss headquartered company that offers specialized testing, inspection, and certification services in 116 countries. the company operates through five business segments including connectivity & products, health & nutrition, industries & environment, and natural resources, which are testing and inspection, while business assurance focuses on certification. Operating in the testing, inspection, and certification (TIC) sector, SGS Société Générale de Surveillance SA offers quality and safety control services. Their testing ensures that products comply with health, safety, and regulatory standards, while inspection verifies quantity and quality to meet regulatory requirements. While certification ensures that products, processes, systems, or services meet certain standards and regulations.

Intertek Group plc

Intertek Group plc (UK) has been providing testing and certification services for over a century. It focuses on ensuring the quality and safety of products, processes, and systems while helping clients gain a competitive advantage. The company aims to minimize products' and processes' environmental and health impacts by promoting sustainable and eco-friendly solutions.

Intertek Group plc operates within five business units, namely Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy. The company provides Assurance, Testing, Inspection, and Certification services through all its business units. Under the Consumer Products business unit, it delivers ATIC solutions for developing and marketing safe and more sustainable products including Softlines, Hardlines, Electrical/Connected World, and Government and Trade Services. It offers industrial agnostic solutions, fostering and building resilience in the value chains, Business Assurance, and Assuris, under the Corporate Assurance segment. Health and Safety focuses on solutions for a Healthier and Safer Life AgriWorld, Food, and Chemical & Pharma business lines World of Energy: Greener fuels and renewable energy through Caleb Brett, Transportation Technologies, and Clean Energy Associates. The Industry and Infrastructure segment provides safer and more sustainable infrastructure development with technical inspections, asset integrity management, and sample testing. All these segments have similar services but are directed at serving the particular needs of the respective industry.

DEKRA

DEKRA is a German company founded in 1925 to improve road safety through vehicle testing. The company has evolved into one the world's largest independent expert organization in testing, inspection, and certification. The company is a global provider of comprehensive services that supports clients in improving safety, security, and sustainability outcomes across different markets. DEKRA operates in more than 50 countries across five continents including South-West Europe, North-West Europe, GSA, Asia Pacific, Central East Europe & Middle East, and the Americas catering to the entire world's safety needs.

It began its global expansion in 1988 by entering France and Italy but followed strategic acquisitions that progressed its presence in regions including China, the USA, South Africa, and New Zealand.

MISTRAS Group

MISTRAS Group (US) is a global provider of integrated technology-enabled asset protection solutions focused on maximizing safety and operational uptime for critical industrial and civil assets. The company leverages a data-driven asset protection portfolio and proprietary technologies to support clients in oil and gas, aerospace and defense, renewable and non-renewable power, civil infrastructure, and manufacturing.

MISTRAS Group develops client value with asset protection embedded along its supply chains and central integrity data, all using loT-connected digital software and monitoring solutions. Capabilities include field and inline inspections via advanced robotics, laboratory quality control, sensing technologies, mechanical integrity and asset engineering, and light mechanical maintenance.

The company operates through three business segments including North America, International, and Products and Systems. The North American segment primarily provides asset protection solutions to customers in the US and Canada. In these businesses, NDT, inspection, and engineering services evaluate the structural integrity of energy, industrial, public infrastructure, and aerospace components and offer software and digital services. The International segment offers similar services and products in select markets across Europe, the Middle East, Africa, Asia, and South America, excluding China and South Korea, which are served by the Products and Systems segment. This latter segment designs, manufactures, sells, installs, and services asset protection products and systems, including equipment and instrumentation, mainly in the US.

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