Opportunity and Strategy Analysis

This report focuses on identifying opportunities and strategies for investing in the global Non-destructive testing (NDT) Equipment market within the forecast period. It provides a complete analysis of the global market both quantitatively and qualitatively. The quantitative analysis includes market size and revenue data of the total demand, sub-markets, and regional/national levels throughout 2023-2033. Qualitative analysis depicts a full picture of market dynamics and trends including drivers, restraints and challenges, emerging products/market trends, and Porter’s Fiver Forces analysis.

Based on the market data and analysis, the report highlights Increasingly Attractive Segments (IAS) and business opportunities in each segmentation. Moreover, a systematic evaluation of Internal Risks (factors arising within the industry development) and External Risks (factors arising from the surrounding environments) is provided for the Non-destructive testing (NDT) Equipment industry and market. This in-depth risk assessment offers a comprehensive understanding of the current risk factors and their developing trends. Furthermore, this report concludes risk management strategies and Critical Success Factors (CSFs) to help companies make intelligence-based business decisions in the global Non-destructive testing (NDT) Equipment industry.

Market Coverage & Overview

The report is based on studies for 2021-2023 and provides a forecast from 2024 till 2033 with 2023 as the base year. Considering impact of COVID-19 and regional conflicts such as Russia-Ukraine war, the trend and outlook of global market is forecast in optimistic, balanced, and conservative scenarios. In the balanced view, the global Non-destructive testing (NDT) Equipment market is expected to reach $6.95 billion by 2033, growing by 7.5% annually over the coming years.

Segmentation Analysis

Highlighted with 86 tables and 93 figures, this 204-page report represents a 360-degree view on the global market with extensively detailed segmentations by Technology, Method, Industry Vertical, and Region/Country as shown below. Annual revenue 2023-2033 for each segment is included in the report.

By Technology

• Ultrasonic Testing Equipment

• Radiography Testing Equipment

• Visual Inspection Equipment

• Magnetic Particle Equipment

• Liquid Penetrant Testing Equipment

• Eddy Current Equipment

• Acoustic Emission Equipment

• Other Technologies

By Method

• Volumetric Examination

• Surface Examination

• Visual Inspection

• Other Methods

By Industry Vertical

• Oil and Gas

• Manufacturing

• Power and Energy

• Aerospace and Defense

• Automotive and Transportation

• Construction & Infrastructure

• Electronics & Semiconductors

• Other Industry Verticals

By Region

• North America (U.S., Canada, and Mexico)

• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

• • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

• South America (Brazil, Chile, Argentina, Rest of South America)

• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)

The breakdown of all regional markets by country and the breakdown of each national market by Technology, Method, and Industry Vertical over the forecast years are also included.

Key Companies

The report also covers the current competitive scenario and profiles key vendors including market leaders and important emerging players. A selection of companies profiled in this report includes:

• Acuren Inspection Inc.

• Applied Technical Services, Inc.

• Applus+ Laboratories

• Ashtead Technology Ltd.

• Baker Hughes

• Bureau Veritas SA

• Controle Mesure Systemes SAS

• Fujifilm Corporation (Fujifilm Holdings Corporation)

• Innospection Limited

• Intertek Group PLC

• Magnaflux Corp. (Illinois Tool Works Inc.)

• Mistras Group Inc.

• Nikon Metrology Nv (Nnikon Corporation)

• Okondt Group

• Olympus Corporation

• SGS Group

• TEAM Inc.

• Yxlon International GMBH (Comet Holding AG)

1 Introduction 10

1.1 Industry Definition and Research Scope 10

1.1.1 Industry Definition 10

1.1.2 Research Scope 11

1.2 Research Methodology 14

1.2.1 Overview of Market Research Methodology 14

1.2.2 Market Assumption 15

1.2.3 Secondary Data 15

1.2.4 Primary Data 15

1.2.5 Data Filtration and Model Design 16

1.2.6 Market Size/Share Estimation 17

1.2.7 Research Limitations 18

1.3 Executive Summary 19

2 Market Overview and Dynamics 22

2.1 Market Size and Forecast 22

2.1.1 Impact of COVID-19 on World Economy 24

2.1.2 Impact of COVID-19 on the Market 28

2.1.3 Impact of Russia-Ukraine Conflict 30

2.1.4 Impact of Israel-Palestine War 32

2.2 Major Growth Drivers 33

2.3 Market Restraints and Challenges 38

2.4 Emerging Opportunities and Market Trends 41

2.5 Porter’s Fiver Forces Analysis 44

3 Segmentation of Global Market by Technology 48

3.1 Market Overview by Technology 48

3.2 Ultrasonic Testing Equipment 51

3.3 Radiography Testing Equipment 52

3.4 Visual Inspection Equipment 53

3.5 Magnetic Particle Equipment 54

3.6 Liquid Penetrant Testing Equipment 55

3.7 Eddy Current Equipment 56

3.8 Acoustic Emission Equipment 57

3.9 Other Technologies 58

4 Segmentation of Global Market by Method 59

4.1 Market Overview by Method 59

4.2 Volumetric Examination 62

4.3 Surface Examination 63

4.4 Visual Inspection 64

4.5 Other Methods 65

5 Segmentation of Global Market by Industry Vertical 66

5.1 Market Overview by Industry Vertical 66

5.2 Oil and Gas 69

5.3 Manufacturing 70

5.4 Power and Energy 71

5.5 Aerospace and Defense 72

5.6 Automotive and Transportation 73

5.7 Construction & Infrastructure 74

5.8 Electronics & Semiconductors 75

5.9 Other Industry Verticals 76

6 Segmentation of Global Market by Region 77

6.1 Geographic Market Overview 2023-2033 77

6.2 North America Market 2023-2033 by Country 82

6.2.1 Overview of North America Market 82

6.2.2 U.S. 86

6.2.3 Canada 90

6.2.4 Mexico 93

6.3 European Market 2023-2033 by Country 96

6.3.1 Overview of European Market 96

6.3.2 Germany 100

6.3.3 U.K. 103

6.3.4 France 106

6.3.5 Spain 109

6.3.6 Italy 112

6.3.7 Russia 115

6.3.8 Rest of European Market 118

6.4 Asia-Pacific Market 2023-2033 by Country 120

6.4.1 Overview of Asia-Pacific Market 120

6.4.2 Japan 124

6.4.3 China 128

6.4.4 Australia 131

6.4.5 India 134

6.4.6 South Korea 137

6.4.7 Rest of APAC Region 140

6.5 South America Market 2023-2033 by Country 142

6.5.1 Argentina 146

6.5.2 Brazil 149

6.5.3 Chile 152

6.5.4 Rest of South America Market 155

6.6 MEA Market 2023-2033 by Country 156

6.6.1 UAE 160

6.6.2 Saudi Arabia 163

6.6.3 South Africa 166

6.6.4 Other National Markets 169

7 Competitive Landscape 170

7.1 Overview of Key Vendors 170

7.2 New Product Launch, Partnership, Investment, and M&A 174

7.3 Company Profiles 175

Acuren Inspection Inc. 175

Applied Technical Services, Inc. 177

Applus+ Laboratories 178

Ashtead Technology Ltd. 179

Baker Hughes 180

Bureau Veritas SA 181

Controle Mesure Systemes SAS 182

Fujifilm Corporation (Fujifilm Holdings Corporation) 183

Innospection Limited 184

Intertek Group PLC 185

Magnaflux Corp. (Illinois Tool Works Inc.) 186

Mistras Group Inc. 187

Nikon Metrology Nv (Nnikon Corporation) 188

Okondt Group 189

Olympus Corporation 190

SGS Group 191

TEAM Inc. 192

Yxlon International GMBH (Comet Holding AG) 193

8 Investing in Non-Destructive Testing (NDT) Equipment Industry: Risk Assessment and Management 194

8.1 Risk Evaluation of Global Market 194

8.2 Critical Success Factors (CSFs) 201

RELATED REPORTS 204

List of Tables:

Table 1. Snapshot of Global Non-Destructive Testing (NDT) Equipment Market in Balanced Perspective, 2023-2033 20

Table 2. World Economic Outlook, 2024-2036 25

Table 3. World Economic Outlook, 2022-2024 27

Table 4. Scenarios for Economic Impact of Ukraine Crisis 31

Table 5. Scenarios for Economic Impact of Israel-Palestine War 32

Table 6. Main Product Trends and Market Opportunities in Global Non-Destructive Testing (NDT) Equipment Market 41

Table 7. Global Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 49

Table 8. Global Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 60

Table 9. Global Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 67

Table 10. Global Non-Destructive Testing (NDT) Equipment Market by Region, 2023-2033, $ mn 79

Table 11. Leading National Non-Destructive Testing (NDT) Equipment Market, 2023 and 2033, $ mn 81

Table 12. North America Non-Destructive Testing (NDT) Equipment Market by Country, 2023-2033, $ mn 84

Table 13. U.S. Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 88

Table 14. U.S. Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 88

Table 15. U.S. Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 89

Table 16. Canada Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 91

Table 17. Canada Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 91

Table 18. Canada Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 92

Table 19. Mexico Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 94

Table 20. Mexico Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 94

Table 21. Mexico Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 95

Table 22. Europe Non-Destructive Testing (NDT) Equipment Market by Country, 2023-2033, $ mn 98

Table 23. Germany Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 101

Table 24. Germany Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 101

Table 25. Germany Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 102

Table 26. U.K. Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 104

Table 27. U.K. Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 104

Table 28. U.K. Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 105

Table 29. France Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 107

Table 30. France Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 107

Table 31. France Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 108

Table 32. Spain Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 110

Table 33. Spain Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 110

Table 34. Spain Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 111

Table 35. Italy Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 113

Table 36. Italy Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 113

Table 37. Italy Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 114

Table 38. Russia Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 116

Table 39. Russia Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 116

Table 40. Russia Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 117

Table 41. Non-Destructive Testing (NDT) Equipment Market in Rest of Europe by Country, 2023-2033, $ mn 119

Table 42. APAC Non-Destructive Testing (NDT) Equipment Market by Country, 2023-2033, $ mn 122

Table 43. Japan Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 126

Table 44. Japan Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 126

Table 45. Japan Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 127

Table 46. China Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 129

Table 47. China Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 129

Table 48. China Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 130

Table 49. Australia Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 132

Table 50. Australia Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 132

Table 51. Australia Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 133

Table 52. India Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 135

Table 53. India Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 135

Table 54. India Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 136

Table 55. South Korea Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 138

Table 56. South Korea Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 138

Table 57. South Korea Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 139

Table 58. Non-Destructive Testing (NDT) Equipment Market in Rest of APAC by Country/Region, 2023-2033, $ mn 141

Table 59. South America Non-Destructive Testing (NDT) Equipment Market by Country, 2023-2033, $ mn 144

Table 60. Argentina Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 147

Table 61. Argentina Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 147

Table 62. Argentina Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 148

Table 63. Brazil Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 150

Table 64. Brazil Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 150

Table 65. Brazil Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 151

Table 66. Chile Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 153

Table 67. Chile Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 153

Table 68. Chile Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 154

Table 69. MEA Non-Destructive Testing (NDT) Equipment Market by Country, 2023-2033, $ mn 158

Table 70. UAE Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 161

Table 71. UAE Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 161

Table 72. UAE Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 162

Table 73. Saudi Arabia Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 164

Table 74. Saudi Arabia Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 164

Table 75. Saudi Arabia Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 165

Table 76. South Africa Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, $ mn 167

Table 77. South Africa Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, $ mn 167

Table 78. South Africa Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, $ mn 168

Table 79. Breakdown of World Market by Key Vendor, 2023, % 172

Table 80. Acuren Inspection Inc.: Company Snapshot 175

Table 81. Acuren Inspection Inc.: Business Segmentation 176

Table 82. Acuren Inspection Inc.: Product Portfolio 176

Table 83. List of Risk Factors and Weight Percentages/Theoretical Maximum 195

Table 84. Definition of GMD Relative Risk Index Number (Relative RIN) and GMD Risk Intensity Level (RIL) 197

Table 85. Risk Evaluation for Investing in Global Market, 2023-2033 198

Table 86. Critical Success Factors and Key Takeaways 202List of Figures:

Figure 1. Research Method Flow Chart 14

Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 17

Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 19

Figure 4. Industry Value Chain Analysis 22

Figure 5. Global Non-Destructive Testing (NDT) Equipment Market, 2023-2033, $ mn 23

Figure 6. Impact of COVID-19 on Business 28

Figure 7. Primary Drivers and Impact Factors of Global Non-Destructive Testing (NDT) Equipment Market 33

Figure 8. World Construction Industry, 2019-2030, $ trillion 36

Figure 9. Global Maintenance, Repair & Overhaul (MRO) Market, 2019-2030, $ bn 36

Figure 10. Freighter Global Fleet 2012-2021 37

Figure 11. Primary Restraints and Impact Factors of Global Non-Destructive Testing (NDT) Equipment Market 38

Figure 12. Porter’s Fiver Forces Analysis of Global Non-Destructive Testing (NDT) Equipment Market 44

Figure 13. Growth Opportunity Analysis by Technology 48

Figure 14. Breakdown of Global Non-Destructive Testing (NDT) Equipment Market by Technology, 2023-2033, % of Revenue 49

Figure 15. Global Addressable Market Cap in 2024-2033 by Technology, Value ($ mn) and Share (%) 50

Figure 16. Global Non-Destructive Testing (NDT) Equipment Market by Technology: Ultrasonic Testing Equipment, 2023-2033, $ mn 51

Figure 17. Global Non-Destructive Testing (NDT) Equipment Market by Technology: Radiography Testing Equipment, 2023-2033, $ mn 52

Figure 18. Global Non-Destructive Testing (NDT) Equipment Market by Technology: Visual Inspection Equipment, 2023-2033, $ mn 53

Figure 19. Global Non-Destructive Testing (NDT) Equipment Market by Technology: Magnetic Particle Equipment, 2023-2033, $ mn 54

Figure 20. Global Non-Destructive Testing (NDT) Equipment Market by Technology: Liquid Penetrant Testing Equipment, 2023-2033, $ mn 55

Figure 21. Global Non-Destructive Testing (NDT) Equipment Market by Technology: Eddy Current Equipment, 2023-2033, $ mn 56

Figure 22. Global Non-Destructive Testing (NDT) Equipment Market by Technology: Acoustic Emission Equipment, 2023-2033, $ mn 57

Figure 23. Global Non-Destructive Testing (NDT) Equipment Market by Technology: Other Technologies, 2023-2033, $ mn 58

Figure 24. Growth Opportunity Analysis by Method 59

Figure 25. Breakdown of Global Non-Destructive Testing (NDT) Equipment Market by Method, 2023-2033, % of Sales Revenue 60

Figure 26. Global Addressable Market Cap in 2024-2033 by Method, Value ($ mn) and Share (%) 61

Figure 27. Global Non-Destructive Testing (NDT) Equipment Market by Method: Volumetric Examination, 2023-2033, $ mn 62

Figure 28. Global Non-Destructive Testing (NDT) Equipment Market by Method: Surface Examination, 2023-2033, $ mn 63

Figure 29. Global Non-Destructive Testing (NDT) Equipment Market by Method: Visual Inspection, 2023-2033, $ mn 64

Figure 30. Global Non-Destructive Testing (NDT) Equipment Market by Method: Other Methods, 2023-2033, $ mn 65

Figure 31. Growth Opportunity Analysis by Industry Vertical 66

Figure 32. Breakdown of Global Non-Destructive Testing (NDT) Equipment Market by Industry Vertical, 2023-2033, % of Revenue 67

Figure 33. Global Addressable Market Cap in 2024-2033 by Industry Vertical, Value ($ mn) and Share (%) 68

Figure 34. Global Non-Destructive Testing (NDT) Equipment Market by Industry Vertical: Oil and Gas, 2023-2033, $ mn 69

Figure 35. Global Non-Destructive Testing (NDT) Equipment Market by Industry Vertical: Manufacturing, 2023-2033, $ mn 70

Figure 36. Global Non-Destructive Testing (NDT) Equipment Market by Industry Vertical: Power and Energy, 2023-2033, $ mn 71

Figure 37. Global Non-Destructive Testing (NDT) Equipment Market by Industry Vertical: Aerospace and Defense, 2023-2033, $ mn 72

Figure 38. Global Non-Destructive Testing (NDT) Equipment Market by Industry Vertical: Automotive and Transportation, 2023-2033, $ mn 73

Figure 39. Global Non-Destructive Testing (NDT) Equipment Market by Industry Vertical: Construction & Infrastructure, 2023-2033, $ mn 74

Figure 40. Global Non-Destructive Testing (NDT) Equipment Market by Industry Vertical: Electronics & Semiconductors, 2023-2033, $ mn 75

Figure 41. Global Non-Destructive Testing (NDT) Equipment Market by Industry Vertical: Other Industry Verticals, 2023-2033, $ mn 76

Figure 42. Global Market Snapshot by Region 77

Figure 43. Growth Opportunity Analysis of Global Market by Region 78

Figure 44. Geographic Spread of Worldwide Non-Destructive Testing (NDT) Equipment Market, 2023-2033, % of Sales Revenue 79

Figure 45. Global Addressable Market Cap in 2024-2033 by Region, Value ($ mn) and Share (%) 80

Figure 46. North American Non-Destructive Testing (NDT) Equipment Market, 2023-2033, $ mn 83

Figure 47. Growth Opportunity Analysis of North America Market by Country 83

Figure 48. Breakdown of North America Non-Destructive Testing (NDT) Equipment Market by Country, 2023 and 2033, % of Revenue 84

Figure 49. Contribution to North America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 85

Figure 50. U.S. Non-Destructive Testing (NDT) Equipment Market, 2023-2033, $ mn 87

Figure 51. Canada Non-Destructive Testing (NDT) Equipment Market, 2023-2033, $ mn 90

Figure 52. Non-Destructive Testing (NDT) Equipment Market in Mexico, 2023-2033, $ mn 93

Figure 53. European Non-Destructive Testing (NDT) Equipment Market, 2023-2033, $ mn 97

Figure 54. Growth Opportunity Analysis of Europe Market by Country 97

Figure 55. Breakdown of European Non-Destructive Testing (NDT) Equipment Market by Country, 2023 and 2033, % of Revenue 98

Figure 56. Contribution to Europe 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 99

Figure 57. Non-Destructive Testing (NDT) Equipment Market in Germany, 2023-2033, $ mn 100

Figure 58. Non-Destructive Testing (NDT) Equipment Market in U.K., 2023-2033, $ mn 103

Figure 59. Non-Destructive Testing (NDT) Equipment Market in France, 2023-2033, $ mn 106

Figure 60. Non-Destructive Testing (NDT) Equipment Market in Spain, 2023-2033, $ mn 109

Figure 61. Non-Destructive Testing (NDT) Equipment Market in Italy, 2023-2033, $ mn 112

Figure 62. Non-Destructive Testing (NDT) Equipment Market in Russia, 2023-2033, $ mn 115

Figure 63. Non-Destructive Testing (NDT) Equipment Market in Rest of Europe, 2023-2033, $ mn 118

Figure 64. Asia-Pacific Non-Destructive Testing (NDT) Equipment Market, 2023-2033, $ mn 121

Figure 65. Growth Opportunity Analysis of Asia-Pacific Market by Country 121

Figure 66. Breakdown of APAC Non-Destructive Testing (NDT) Equipment Market by Country, 2023 and 2033, % of Revenue 122

Figure 67. Contribution to APAC 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 123

Figure 68. Non-Destructive Testing (NDT) Equipment Market in Japan, 2023-2033, $ mn 125

Figure 69. Non-Destructive Testing (NDT) Equipment Market in China, 2023-2033, $ mn 128

Figure 70. Non-Destructive Testing (NDT) Equipment Market in Australia, 2023-2033, $ mn 131

Figure 71. Non-Destructive Testing (NDT) Equipment Market in India, 2023-2033, $ mn 134

Figure 72. Non-Destructive Testing (NDT) Equipment Market in South Korea, 2023-2033, $ mn 137

Figure 73. Non-Destructive Testing (NDT) Equipment Market in Rest of APAC, 2023-2033, $ mn 140

Figure 74. South America Non-Destructive Testing (NDT) Equipment Market, 2023-2033, $ mn 143

Figure 75. Growth Opportunity Analysis of South America Market by Country 143

Figure 76. Breakdown of South America Non-Destructive Testing (NDT) Equipment Market by Country, 2023 and 2033, % of Revenue 144

Figure 77. Contribution to South America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 145

Figure 78. Non-Destructive Testing (NDT) Equipment Market in Argentina, 2023-2033, $ mn 146

Figure 79. Non-Destructive Testing (NDT) Equipment Market in Brazil, 2023-2033, $ mn 149

Figure 80. Non-Destructive Testing (NDT) Equipment Market in Chile, 2023-2033, $ mn 152

Figure 81. Non-Destructive Testing (NDT) Equipment Market in Rest of South America, 2023-2033, $ mn 155

Figure 82. Non-Destructive Testing (NDT) Equipment Market in Middle East and Africa (MEA), 2023-2033, $ mn 157

Figure 83. Growth Opportunity Analysis of MEA Market by Country 157

Figure 84. Breakdown of MEA Non-Destructive Testing (NDT) Equipment Market by Country, 2023 and 2033, % of Revenue 158

Figure 85. Contribution to MEA 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 159

Figure 86. Non-Destructive Testing (NDT) Equipment Market in UAE, 2023-2033, $ mn 160

Figure 87. Non-Destructive Testing (NDT) Equipment Market in Saudi Arabia, 2023-2033, $ mn 163

Figure 88. Non-Destructive Testing (NDT) Equipment Market in South Africa, 2023-2033, $ mn 166

Figure 89. Non-Destructive Testing (NDT) Equipment Market in the Rest of MEA, 2023-2033, $ mn 169

Figure 90. Growth Stage of Global Non-Destructive Testing (NDT) Equipment Industry over the Forecast Period 170

Figure 91. Comparison of Risk Factors by GMD RIN in 2023 198

Figure 92. GMD Relative RIN of Internal Risk Factors in 2023 on Radar Chart 199

Figure 93. GMD Relative RIN of External Risk Factors in 2023 on Radar Chart 199

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)