Global Non-Destructive Testing Services Market is set to grow from its current market value of more than $3 billion to over $4.5 billion by 2025; according to a new research report by Global Market Insights, Inc.
Due to the high costs associated with the repair & maintenance and the limited construction of new infrastructure, the existing infrastructure is experiencing high usage, leading to increased stress & deterioration of the existing infrastructure. These dynamic costs are encouraging infrastructure owners to focus on repairs, maintenance, and upgrade more quickly. For instance, the rising demand for refined petroleum products coupled with high plant utilization rates will drive refineries to upgrade their facilities to enable efficient operations and increase the production capacity. In order to sustain the high utilization rates, companies are adopting NDT services to ensure the safety & integrity of assets.