Eddy Current Testing Market Analysis

  • Report ID: 5265
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Eddy Current Testing Market Analysis

Service (Inspection Services, Equipment Rental Services, Calibration Services, Training Services)

The calibration segment in the eddy-current testing market is anticipated to grow with about 39% revenue share, considering that it can detect any discrepancies and flaws in measurement tools and dimensional standards. During calibration, data that deviates from "normal" are found. The measurement device or method is then used to bring tolerances to acceptable limits.

Technique (Conventional Eddy-current Testing, Remote Field Testing, Alternating Current Field Measurement, Eddy-current Array)

The conventional eddy-current testing market attracted the biggest revenue share of approximately 42%.Steam generator tubes in nuclear reactors and heat exchanger tubing in the power and petrochemical sectors are inspected using conventional ECT. The method is quite sensitive to pit detection and size. Although sizing is imprecise, wall loss or corrosion can be detected. There were 436 nuclear reactors in use as of May 2023, spread across 32 different nations. At the time, the United States led the world with 93 operational nuclear power reactors. Those nuclear reactors that are wired into the grid are operational.

Our in-depth analysis of the global market includes the following segments:

Technique

  • Conventional Eddy-current Testing
  • Remote Field Testing
  • Alternating Current Field Measurement
  • Eddy-current Array

Service

  • Inspection Services
  • Equipment Rental Services
  • Calibration Services
  • Training Services

Industry Verticals

  • Manufacturing
  • Oil & Gas
  • Automotive
  • Power Generation
  • Government Infrastructure & Public Safety
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 5265
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of electronic grade hydrofluoric acid is assessed at USD 413.85 million.

The eddy-current testing market size was valued at USD 396.41 million in 2024 and is expected to reach USD 795.11 million by 2037, registering around 5.5% CAGR during the forecast period i.e., between 2025-2037. Rise in safety regulations by government and advancement in new ECT technology will boost the market growth.

North America industry is expected to dominate majority revenue share of 37% by 2037, due to rising use of eddy-current testing for safety inspections and to find flaws on surfaces and tubes in the region.

The major players in the market are General Electric Company, Ether NDE Limited, Eddyfi NDT Inc., Ashtead Technology Ltd., TUV Rheinland AG, Mistras Group Inc., Fidgeon Limited, Magnetic Analysis Corporation, Ibd NDT System Corporation, Waygate Technologies
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