Connect with us

Technology

Non-Destructive Testing Market in the Oil and Gas Sector is projected to grow by USD 1.57 Billion from 2024-2028, driven by AI in NDT solutions – Technavio

Published

on

NEW YORK, Oct. 31, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global non-destructive testing market in oil and gas industry size is estimated to grow by USD 1.57 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  7.3%  during the forecast period. Increased demand for NDT in oil and gas transportation is driving market growth, with a trend towards integration of AI and ML in NDT devices. However, high initial cost of NDT poses a challenge.Key market players include Acuren Corp., Amerapex Corp., Applus Services Technologies SL, Ashtead technology, Baker Hughes Co., Bureau Veritas, Dakota Ultrasonics Corp., Dexon Technology PLC, Eddyfi Technologies, Evident Corp, FORCE Technology, Intertek Group Plc, Magnaflux, Mistras Group Inc., Phoenix Inspection Systems Ltd, SGS SA, Sonatest Ltd, Team Inc, TUV Rheinland AG, Vibrant NDT Services, Videray Technologies Inc., and Zetec Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Non-Destructive Testing Market In Oil And Gas Industry Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.3%

Market growth 2024-2028

USD 1565.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.8

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 33%

Key countries

US, China, Saudi Arabia, India, Canada, UK, UAE, Germany, Russia, and Japan

Key companies profiled

Acuren Corp., Amerapex Corp., Applus Services Technologies SL, Ashtead technology, Baker Hughes Co., Bureau Veritas, Dakota Ultrasonics Corp., Dexon Technology PLC, Eddyfi Technologies, Evident Corp, FORCE Technology, Intertek Group Plc, Magnaflux, Mistras Group Inc., Phoenix Inspection Systems Ltd, SGS SA, Sonatest Ltd, Team Inc, TUV Rheinland AG, Vibrant NDT Services, Videray Technologies Inc., and Zetec Inc.

Market Driver

The integration of advanced technologies, including AI, ML, IoT, and AR, is revolutionizing Non-Destructive Testing (NDT) in the oil and gas industry. Automated NDT processes reduce human error and boost operational efficiency, enabling continuous monitoring and real-time data analysis. AI algorithms analyze vast amounts of data to identify patterns and predict potential failures, preventing costly downtimes and enhancing safety. IoT devices collect and transmit data from NDT processes, enabling remote monitoring and control, and providing real-time analysis for immediate decision-making. Augmented reality (AR) provides technicians with real-time information and guidance during inspections, enhancing accuracy and efficiency in complex environments. The adoption of these technologies is expected to set new standards for the industry, improving the accuracy, reliability, and cost-effectiveness of inspections, enabling predictive maintenance, and reducing operational risks. This trend is driving the growth of the Non-Destructive Testing market in the oil and gas sector during the forecast period. 

Non-Destructive Testing (NDT) plays a crucial role in the Oil and Gas industry, ensuring the safety and reliability of fuel rods, infrastructure, and components. Trends in NDT include advanced products like Eddy current testing and industrial CT scanners, which offer improved flaw detection and inspection capabilities. Traditional testing services, such as ultrasonic testing and radiographic testing, remain essential for component testing in various sectors like Aerospace and Defense, Power and Energy, and Automotive and Transportation. Waste management and cost-effectiveness are key concerns. Software and instrumentation, including probes and advanced NDT processes, help optimize NDT operations. Robotics and automated crawlers streamline inspections, reducing labor costs. In industries like healthcare, NDT aids in detecting conditions like osteoarthritis and degenerative disc disease, contributing to medical tourism and healthcare expenses. NDT is vital for system failures prevention in industries like shale oil, where safety and efficiency are paramount. By staying updated on the latest NDT trends and technologies, businesses can enhance their operations and maintain a competitive edge. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

 Market Challenges

The oil and gas industry relies heavily on Non-Destructive Testing (NDT) to ensure the integrity and safety of their infrastructure. However, the high initial cost of NDT equipment poses a significant challenge. The expense for advanced NDT devices, such as ultrasonic flaw detectors, can be substantial, with a single stainless-steel ultrasonic testing unit costing approximately USD5,665. Concrete NDT testing equipment is more affordable but still represents a considerable investment, with a single unit costing around USD600. The cost of specialized ultrasonic testing equipment for corrosion, erosion, and plate thickness measurement can also add up, with a 25MM ultrasonic testing device costing around USD30. The high cost of NDT equipment necessitates careful budgeting by oil and gas companies. While the benefits of NDT in preventing failures and ensuring safety are clear, the financial burden of acquiring these technologies can be a significant hurdle. Companies must weigh the long-term advantages against the immediate financial outlay, balancing safety and operational efficiency with budgetary constraints. This challenge highlights the need for strategic investment and potential financial support mechanisms to facilitate the adoption of essential NDT technologies in the oil and gas industry. The high cost of NDT equipment will negatively impact the growth of the oil and gas NDT market during the forecast period.Non-destructive testing (NDT) plays a crucial role in ensuring material integrity in various industries, including oil and gas. Fault detection is essential for preventing costly downtime and maintaining safety. Ultrasonic testing using ultrasonic equipment is a popular NDT process, detecting internal defects. Advanced NDT methods like industrial CT scanners and robotics are used for complex component testing. Traditional NDT techniques like radiographic testing and magnetic particle inspection are also used. The aerospace and defense industries have led the way in NDT innovation, with remote inspection technologies and automated crawlers. NDT is also vital in power generation, especially for pipelines and pressure systems, detecting internal and external corrosion. NDT equipment includes portable devices and drones for volumetric inspection. Virtual training programs help ensure high-quality NDT inspections. The oil and gas industry, shale oil, and power industry all benefit from NDT, focusing on material integrity and inspection techniques. NDI, NDE, and NDE are interchangeable terms for NDT. NDT is used in construction, inspection of pressure systems, steam turbines, gas turbines, and nuclear power plants. Visual inspection, liquid penetrant inspection, and ultrasonic inspection are common NDT methods.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This non-destructive testing market in oil and gas industry report extensively covers market segmentation by  

Method 1.1 Traditional methods1.2 Advanced methodsType 2.1 Services2.2 EquipmentGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Traditional methods-  The Non-Destructive Testing (NDT) market in the Oil and Gas industry is significant due to the sector’s reliance on equipment reliability and safety. NDT techniques like ultrasonic testing, radiography, and magnetic particle inspection help identify defects without damaging the equipment. These tests ensure the integrity of pipelines, tanks, and other structures, preventing potential leaks and ensuring operational efficiency. The NDT market continues to grow as the Oil and Gas industry focuses on maintaining safety standards and reducing downtime.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

Non-destructive testing (NDT) is a critical process used in various industries, including oil and gas, to ensure material integrity and detect faults without damaging the tested components. Ultrasonic testing and radiographic testing are common NDT techniques, utilizing ultrasonic equipment and industrial CT scanners, respectively. Advanced NDT processes, such as robotics and automated crawlers, enhance efficiency and precision in fault detection. NDT is essential in sectors like aerospace and defense for detecting internal and surface defects in components. NDI, NDE, and NDE are interchangeable terms for this non-invasive inspection method. NDT is also crucial in power generation for detecting internal and external corrosion in pipelines and other critical infrastructure. Visual inspection and liquid penetrant inspection are additional techniques used in NDT. Training is vital for NDT professionals to maintain the highest standards and stay updated on the latest technologies and techniques.

Market Research Overview

Non-destructive testing (NDT) is a critical process used in various industries, including oil and gas, to ensure material integrity and detect faults without damaging the tested components or structures. NDT techniques, such as ultrasonic testing, radiographic testing, industrial CT scanners, and advanced NDT processes, are used to identify internal and surface defects in pipelines, pressure systems, steam and gas turbines, nuclear power plants, and other critical infrastructure. Ultrasonic equipment, robotics, automated crawlers, and remote inspection technologies enable efficient and accurate NDT. Traditional NDT methods like liquid penetrant inspection and magnetic particle inspection continue to be used alongside new technologies. NDT is essential in the aerospace sector and defense industry for component testing and inspection of complex structures. The power industry, including shale oil and gas, relies on NDT for internal and external corrosion detection, volumetric inspection, and inspection of instrumentation and probes. Training programs and virtual training are crucial for maintaining expertise in NDT techniques and technologies. Portable NDT devices, drone inspection, and software solutions further expand the capabilities of NDT in various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

MethodTraditional MethodsAdvanced MethodsTypeServicesEquipmentGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/non-destructive-testing-market-in-the-oil-and-gas-sector-is-projected-to-grow-by-usd-1-57-billion-from-2024-2028–driven-by-ai-in-ndt-solutions—technavio-302292470.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Wildcard Is Now on Steam – Wishlist Today and Sign Up for the Closed Alpha

Published

on

By

MCKINNEY, Texas, March 11, 2025 /PRNewswire/ — Wildcard, the highly anticipated MOBA meets collectible strategy game, has officially launched its Steam page. Players can now wishlist the game and sign up for exclusive Closed Alpha playtest sessions, starting March 14, 2025, running through June.

Wildcard is a true spectacle, where the thrill of play equals the excitement of witnessing epic matchups on the arena floor. Players compete in high-energy, arena-based battles where Champions and their Summons clash in fast-paced combat, blending real-time skill with deep strategic planning. This Closed Alpha is the next opportunity for players to experience Wildcard and unlock exclusive in-game content.

What is Wildcard?

Wildcard combines the best elements of MOBAs and trading card games into a fresh, competitive experience. Players take control of powerful Champions, build decks filled with dynamic summons, and battle in intense arena combat against an opposing team.

Champions and Summons – Players choose a Champion and build their deck with powerful Summons, each with unique abilities that shape the battlefield.Arena-Based Combat – Players command their Champion in fast-paced battles, calling Summons, executing abilities, and making strategic plays to outmaneuver their opponents.Deep Strategy, High Action – The perfect mix of skill-based real-time combat and tactical deck-building keeps every match unpredictable and competitive.

Join the Closed Alpha & Unlock Exclusive Rewards

Wildcard is inviting early players to test the game before its full release through a Closed Alpha playtest. Early hands-on access and exclusive in-game rewards, only earnable during Closed Alpha.

To sign up for the exclusive Alpha playtest:

Visit the Wildcard Steam Page.Click ‘Add to your Wishlist’.Click the “Request Access” button.Await a confirmation email for access to upcoming playtest sessions.

The Wildcard Alpha kicks off on March 14, 2025, and leads up to early access. Playtests will happen weekly and access will be granted in waves.

The Road to Early Access

Wildcard’s path to Early Access includes a series of exciting milestones, content updates, and community-driven events. As the Alpha progresses, new Champions, summons, and gameplay features will be introduced, offering fresh challenges and opportunities for players to refine their strategies.

Upcoming Milestones:

Introduction of new Champions and SummonsExpanded playtest sessions leading up to early accessCompetitive community challenges and eventsAdditional refinements leading up to Early Access launch

Join the Wildcard community for updates, announcements, and exclusive sneak peeks by joining the official Discord.

Sign Up and Wishlist Today

The Wildcard Alpha Steam page is live now. Players can wishlist the game, sign up for the Alpha, and be among the first to experience Wildcard’s thrilling arena battles—

For more information, visit: https://store.steampowered.com/app/497120/Wildcard/

Press Contact:
Leah Schultz
leah@wildcardalliance.com
www.wildcardgame.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/wildcard-is-now-on-steam–wishlist-today-and-sign-up-for-the-closed-alpha-302398741.html

SOURCE The Wildcard Alliance, Inc.

Continue Reading

Technology

Porter Emerges as the Only In-Home Vendor Health Plans Need

Published

on

By

BALTIMORE, March 11, 2025 /PRNewswire/ — Porter, the leader in AI-driven care coordination solutions and comprehensive at-home clinical services, has emerged as the only in-home vendor Medicare Advantage, ACA Commercial, and Medicaid plans need. By combining care coordination, in-home visits, and advanced analytics, Porter takes a holistic approach to transforming member care.

Members are overwhelmed by fragmented vendor outreach. Porter simplifies this by being the sole in-home vendor health plans need to deliver comprehensive care. Through in-home visits, Porter identifies gaps in care and Social Determinants of Health (SDOH) needs. The Care Guide team then takes immediate action to address these needs, ensuring each member receives personalized care from scheduling appointments with doctors or specialists to ensuring they have a safe roof over their head and food in their stomach.

Porter is committed to serving America’s most vulnerable citizens by combining compassionate care with AI-driven precision. Porter leverages AI copilots, chatbots, and intelligent agents to make care more accessible, simplifying benefit navigation and connecting members to needed services. With advanced analytics and AI-driven personalization, Porter proactively identifies gaps and ensures members receive the right support at the right time, making every interaction meaningful and results-driven.

With a unified approach, Porter not only delivers compassionate, personalized care but also helps health plans improve risk adjustment scores, boost Star Ratings, reduce costs, and increase member retention, driving meaningful outcomes that impact both member well-being and the bottom line.

“Our approach is simple: we connect people with the care they need, when they need it,” said John Criswell, Founder, CEO, and Chairman. “And we do it with the technology to back it up. From AI-driven solutions to our compassionate Care Guide team, every step we take is designed to streamline care and make it more effective. We’re delivering real change, right here, right now.”

Porter will share its insights on Thursday, March 13th, at 11:15 AM CST at RISE National 2025, where it will host a panel session featuring leaders from four major health plans. The session will focus on how these leaders are leveraging effective approaches to manage costs while advancing population health, proactively engaging members in their preferred modality with personalized interventions, and aligning risk adjustment with quality improvement and SDOH gap closure efforts.

About Porter

We combine the power of AI with the power of care. Porter is a leading healthcare IT and services platform for care and coverage coordination that optimizes outcomes and member experience. Porter delivers understanding, compassion, information, and peace of mind for consumers. Driven by robust AI analytics, Porter’s Care Guide team helps the member navigate the healthcare delivery system, secures the right support for each member’s specific needs, and directs Porter’s team of expert clinicians to perform comprehensive in-home care, complete with lab and diagnostic testing. By coordinating the complexities of each unique care journey, Porter helps close the gaps with the largest impact on quality measures, total cost of care, risk adjustment, and member experience. 

Media Contact: 
Neil Blanchard, neil.blanchard@helloporter.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/porter-emerges-as-the-only-in-home-vendor-health-plans-need-302398759.html

SOURCE Porter

Continue Reading

Technology

New hub for artists living with disabilities in Calgary receives federal support

Published

on

By

CALGARY, AB, March 11, 2025 /CNW/ – Calgary’s art scene will be more vibrant and inclusive with a new space for the National accessArts Centre (NaAC). The Multidisciplinary Disability and Community Arts Hub (MDCAH) will provide a sustainable space for artists living with disabilities to shine.

Announced by MP George Chahal, this project is benefitting from a federal investment of over $8.2 million from the Green and Inclusive Community Buildings program.

The National accessArts Centre is in need of a new building since their current location is slated for demolition due to the collapse of the Fairview Arena in 2018. The MDCAH will fulfill a need in Calgary for an accessible arts space. The net-zero carbon facility – the first of its kind in North America – will feature a multi-purpose presentation and training venue, a visual arts gallery, a social enterprise café, and outdoor gathering spaces. Furthermore, MDCAH will include spaces that can be used by the broader community.

The National accessArts Centre provides training, creation, and exhibition opportunities for artists, creators, producers, performers with developmental, physical, and acquired disabilities. The Centre was founded in 1975 and provides support to more than 350 artists in Calgary, and southern Alberta, and recently opened the NaAC Won Lee Community Arts Hub in Toronto.

Quotes

“The new net-zero Multidisciplinary Disability and Community Arts Hub will create a barrier-free facility that will enable Calgarians and visitors to witness the creativity of artists living with disabilities. This space will enhance the arts and culture scene in Calgary while providing new creative opportunities unlike anywhere else in Canada. The federal government will continue to invest in projects that support a greener, more inclusive, and accessible future for Calgarians and all Canadians.”

George Chahal, Member of Parliament for Calgary Skyview, on behalf of the Honourable Nathaniel Erskine-Smith, Minister of Housing, Infrastructure and Communities

“This investment from the Government of Canada is not only a game-changer for the National accessArts Centre (NaAC), but for the disability arts and the broader arts ecosystem across Canada. Through the support of NaAC’s multidisciplinary programs, Canadian artists with disabilities have demonstrated on the national and international stage that they have extraordinary creativity and deserve their rightful place in our arts and culture sector. With this federal funding, we can now build a home that meets our artists’ needs – and their ambitions.”

Dr. Stephanie Chipeur, Chair, NaAC Board of Directors

“Today’s announcement marks the single largest investment being made towards the advancement of the disability arts sector in Canadian history. Once completed, our multidisciplinary disability arts hub will become the first dedicated, purpose-built arts facility for the disability community in North America, and will cement the National accessArts Centre – and Canada – as a global leader in arts training and presentation for artists living with disabilities. The ripple effect of this funding will be truly global in scale.”

Jung-Suk (JS) Ryu, President and CEO, NaAC

Quick Facts

The federal government is investing $8,266,163 in this project through the Green and Inclusive Community Buildings (GICB) program.The GICB program was created in support of Canada’s Strengthened Climate Plan: A Healthy Environment and a Healthy Economy. It is supporting the Plan’s first pillar by reducing greenhouse gas emissions, increasing energy efficiency, and helping develop higher resilience to climate change.The program launched in 2021 with an initial investment of $1.5 billion over five years towards green and accessible retrofits, repairs or upgrades.Budget 2024 announced an additional $500 million to support more projects through GICB until 2029.At least 10% of funding is allocated to projects serving First Nations, Inuit, and Métis communities, including Indigenous populations in urban centres.For more information, please visit the Housing, Infrastructure and Communities Canada website at: Housing, Infrastructure and Communities Canada – Green and Inclusive Community Buildings Program.As the world moves towards a net-zero economy, people living and working on the Prairies are taking action and are leading to take advantage of growing economic development opportunities.On December 18, 2023, the federal government launched the Framework to Build a Green Prairie Economy, which highlights the need for a collaborative, region-specific approach to sustainability, focusing on strengthening the coordination of federal programs, and initiatives with significant investments. This Framework is a first step in a journey that will bring together multiple stakeholders. PrairiesCan, the federal department that diversifies the economy across the Canadian prairies, has dedicated $100 million over three years to support projects aligned with priority areas identified by Prairie stakeholders to build a stronger, more sustainable, and inclusive economy for the Prairie provinces and Canada.Housing, Infrastructure and Communities Canada is supporting the Framework to Build a Green Prairie Economy to encourage greater collaboration on investment opportunities, leverage additional funding, and attract new investments across the Prairies that better meet their needs. Federal funding is conditional on the signing of the contribution agreement.

Associated Links

Green and Inclusive Community Buildings
https://www.infrastructure.gc.ca/gicb-bcvi/index-eng.html

Strengthened Climate Plan
https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan/climate-plan-overview.html

Housing and Infrastructure Project Map
https://housing-infrastructure.canada.ca/gmap-gcarte/index-eng.html 

Building a Green Prairie Economy Act
https://laws.justice.gc.ca/eng/acts/B-9.88/page-1.html

Building a Green Prairie Economy
https://www.canada.ca/en/prairies-economic-development/programs/green-prairie-economy.html 

Follow us on XFacebookInstagram and LinkedIn
Web: Housing, Infrastructure and Communities Canada

SOURCE Department of Housing, Infrastructure and Communities

Continue Reading

Trending