How Is Urban Population Propelling Non-Destructive Testing and Inspection Use?

The Population Division of the U.N. Department of Economic and Social Affairs (UNDESA) predicts that the global urban population will rise by 2.5 billion by 2050, in comparison to the 2018 population. The 2018 Revision of World Urbanization Prospects reveals that nearly 68% of the world population will reside in urban localities by 2050. As per this report, 90% of this surge will be recorded in Asia and Africa. The rising urban population will result in the large-scale construction of residential and commercial structures globally.

Thus, the increasing construction activities will help the non-destructive testing and inspection market progress during 2021–2030. According to P&S Intelligence, the market generated a revenue of $9 billion in 2020. Construction companies use NDT inspection methods to detect and assist in the repair of corrosion and cracks to avoid any unprecedented damage. The adoption of this testing method helps prevent road or bridge closure or a potential catastrophic failure. Owing to these advantages of NDT and inspection methods, construction firms are using them for infrastructure inspection and structural health monitoring.

In contemporary times, the non-destructive testing and inspection market has been dominated by NDT Global GmbH, Cygnus Instruments Ltd., Fischer Technology Inc., Bosello High Technology srl, T.D. Williamson Inc., Sonatest, Eddyfi NDT Inc., Magnaflux Corporation, SGS S.A., Ashtead Technology, Nikon Corporation, MISTRAS Group Inc., Olympus Corporation, and General Electric Company. In recent years, these companies have engaged in the introduction of novel products and services. For example, in March 2021, Nikon Corporation introduced a new CT/X-ray system, which is equipped with half-turn CT, rotating target 2.0, auto filament control, local calibration, and quick-change features. 

In the coming years, the Asia-Pacific region will emerge as a significant user of NDT and inspection services, equipment, and methods. This will be on account of the improving infrastructure sector and increasing automation in the manufacturing industry of India and China. The aerospace and defense, oil and gas, and construction industries use these testing methods to ensure work quality and employee safety, as NDT helps protect staff and equipment and assists enterprises in following the regulations and requirements. 

Therefore, the rising construction activities and soaring infrastructure investments will accelerate the use of NDT and inspection methods in the forthcoming years. 

Comments

Popular posts from this blog

Why Oxygen-Free Copper Market Opportunities Galore in APAC?

How Will Rapid Industrialization Drive Hydraulic Equipment Demand?

Sales of Hexamine Set to Shoot Up in Coming Years