Industrial Radiography Equipment

Industrial Radiography Equipment Market by Imaging Technique (Digital Radiography, Film-Based Radiography), Application (Aerospace & Defense, Automotive & Transportation, Electronics) - Global Forecast 2024-2030

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[182 Pages Report] The Industrial Radiography Equipment Market size was estimated at USD 1.15 billion in 2023 and expected to reach USD 1.25 billion in 2024, at a CAGR 8.38% to reach USD 2.03 billion by 2030.

Industrial Radiography Equipment Market
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Industrial radiography equipment is a specialized device used to perform non-destructive testing (NDT) using radiographic imaging techniques. It is primarily used to inspect the internal structures and integrity of materials, components, and welds in various industries, such as manufacturing, construction, oil & gas, aerospace, and power generation. Industrial radiography utilizes either X-rays or gamma rays to penetrate the object being inspected, creating an image that reveals internal flaws, defects, and irregularities. Growing demand for non-destructive testing (NDT) and the availability of stringent safety regulations and quality control standards across industries is elevating the demand for industrial radiography equipment. High initial investment and health and safety concerns owing to the usage of ionizing radiation hampers the commercialization of industrial radiography equipment. The ongoing technological advancements to improve imaging technology, such as higher resolution, faster image acquisition, and advanced image analysis software by market vendors, are expected to expand the application of industrial radiography equipment.

Industrial Radiography Equipment Market - Global Forecast 2024-2030
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Regional Insights

Growing regulatory requirements and quality assurance needs are expanding the scope of industrial radiography equipment in the Americas, APAC, and Europe. The Americas region has a complex regulatory landscape with varying requirements across countries and industries. The U.S. Food and Drug Administration (FDA), Environmental Protection Agency (EPA), and Occupational Safety and Health Administration (OSHA) are some of the regulatory authorities in the region that introduce rules and regulations associated with the manufacturing, commercialization, and usage of several products and services. The expanding industrial sectors, such as manufacturing, automotive, electronics, healthcare, and construction, contribute to the increasing demand for industrial radiography equipment in Asia-Pacific to ensure compliance with quality, safety, and environmental standards. The increase in oil & gas exploration activities in the EMEA, particularly Saudi Arabia, Iraq, Kuwait, and Iran, supports the deployment of industrial radiography equipment in the region. The expanding oil & gas industry in the Middle East and Africa is expected to elevate the need for industrial radiography equipment in EMEA.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Industrial Radiography Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Radiography Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Nordic Inspekt Group AB to aquire Swedish non-destructive testing (NDT) company Trygg Inspection AB

    The Nordic Inspekt Group AB acquired Trygg Inspection AB, a Swedish non-destructive testing (NDT) provider. The addition of Trygg Inspection's expertise and resources can help Nordic Inspekt Group achieve its goal of providing superior service across a variety of industries. [Published On: 2023-04-03]

  • Waygate Technologies Launches Major Upgrade for Krautkrämer USM 100, Adding Industry-First Features

    Waygate Technologies, a division of Baker Hughes, launched a major upgrade to the Krautkramer USM 100 industrial radiography equipment. This new version brings many advanced features, such as increased imaging control and faster image processing time. It also offers improved safety capabilities by allowing users to detect wear and tear on their equipment before they become too severe. The upgraded USM 100 is an invaluable tool to help operators ensure their radiography process remains efficient and effective. [Published On: 2023-02-22]

  • Scanna-MSC Portable X-ray Product Line

    Scanna MSC Ltd launched a new line of portable X-ray equipment designed for industrial non-destructive testing. This new technology provides operators with improved safety and greater deployment and use flexibility. The product line also includes advanced features to help increase accuracy, reduce costs, and simplify operations. [Published On: 2023-02-15]

Key Company Profiles

The report delves into recent significant developments in the Industrial Radiography Equipment Market, highlighting leading vendors and their innovative profiles. These include 3DX-Ray Ltd., Anritsu Corporation, Baker Hughes Company, Blue Star Limited, Bolax NDT Engineering, Carestream Health, Inc., Comet Holding AG, DÜRR NDT GmbH & Co. KG, Fujifilm Corporation, GE Company, Golden Engineering Inc., Hamamatsu Photonics, K. K., Matsusada Precision Inc., Metrix NDT Ltd., Mettler-Toledo International Inc., Minebea Intec GmbH, Nikon Corporation, Nordson Corporation, North Star Imaging, Inc., PerkinElmer Inc., Pexray Oy, Precision X-Ray Inc., Seamark ZM Technology Co., Ltd., Shimadzu Corporation, Smiths Group PLC, Source Production & Equipment Co., Inc., Teledyne Technologies Incorporated, and Vision Medicaid Equipments Pvt., Ltd..

Market Segmentation & Coverage

This research report categorizes the Industrial Radiography Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Imaging Technique
    • Digital Radiography
      • Computed Radiography
      • Computed Tomography
      • Direct Radiography
    • Film-Based Radiography
  • Application
    • Aerospace & Defense
    • Automotive & Transportation
    • Electronics
    • Oil & Gas
    • Pharmaceutical

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Industrial Radiography Equipment Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Radiography Equipment Market?
  3. What are the technology trends and regulatory frameworks in the Industrial Radiography Equipment Market?
  4. What is the market share of the leading vendors in the Industrial Radiography Equipment Market?
  5. Which modes and strategic moves are suitable for entering the Industrial Radiography Equipment Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Industrial Radiography Equipment Market, by Imaging Technique
  7. Industrial Radiography Equipment Market, by Application
  8. Americas Industrial Radiography Equipment Market
  9. Asia-Pacific Industrial Radiography Equipment Market
  10. Europe, Middle East & Africa Industrial Radiography Equipment Market
  11. Competitive Landscape
  12. Competitive Portfolio
  13. List of Figures [Total: 20]
  14. List of Tables [Total: 288]
  15. List of Companies Mentioned [Total: 28]
The Rising Value of Industrial Radiography Equipment: A Necessity in the Oil & Gas Industry
July 11, 2023
The Rising Value of Industrial Radiography Equipment: A Necessity in the Oil & Gas Industry
Radiography or X-ray technology has been used as a non-destructive testing (NDT) method in various industries, like aerospace, automotive, and construction, for quality assurance processes. Today, the prevalence of industrial radiography has expanded beyond NDT to include critical applications such as oil and gas exploration and production. There has been an increase in the demand for industrial radiography equipment in the oil & gas industry due to its ability to provide critical insights into the internal integrity of pipelines, pressure vessels, and other components that are crucial to the safety and efficiency of oil & gas operations. In this blog post, we will explore the significance of industrial radiography equipment in the oil & gas industry, its various applications, and the technology's growing prominence in the sector.

Definition & Types of Industrial Radiography:

Industrial radiography is a non-invasive testing method that involves the use of X-ray or gamma radiation to inspect and analyze the internal condition of metallic and composite components. The technology is employed to examine the quality, thickness, and structural integrity of materials and identify potential defects such as cracks, corrosion, and improper welding. There are two forms of industrial radiography equipment: X-ray and Gamma-ray.

Applications of Industrial Radiography in the Oil & Gas Industry:

The oil & gas sector depends on functional equipment to ensure the continuity of their operations. Radiography is used to inspect crucial components like pipelines, platforms, and pressure vessels for faults, defects, corrosion, and cracking, which are issues that can lead to unexpected shutdowns or accidents. This makes X-ray and gamma technology a necessary component in ensuring that companies maintain compliance with safety procedures such as American Petroleum Institute (API) and Occupational Safety and Health Administration (OSHA) guidelines.

Importance of Industrial Radiography Technology:

Industrial radiography equipment is vital to the success of the oil & gas industry as it allows technicians and engineers to obtain an inside view of complicated structures and assess the structural integrity of complex systems. The ability to collect this data is invaluable in developing a maintenance, repair, and overall operation strategy for oil & gas facility owners. Radiography equipment increases the lifespan of expensive equipment by detecting unseen faults and defects that are not visually visible.

Trends & Developments in Industrial Radiography Equipment:

Despite being several decades old, industrial radiography technology has evolved owing to industrial advancements. Portable and handheld devices have made it easier to get real-time results and significantly reduced wait times for results with high-definition images that allow for quicker and more accurate decision-making. Other advancements involve computer-aided NDT simulations, robotics, and automated inspection systems that provide more comprehensive data.

Current and Future State of Industrial Radiography in the Oil & Gas Sector:

The trend for more oil and gas drilling in remote locations where critical components may be subjected to higher stress levels increases the necessity for inspection technology. With that, the value of radiography technology continues to increase each year. The demand for inspection technology is expected to go up as aging infrastructure across the globe needs repair and updates.

Industrial radiography equipment is an essential component to the success of oil & gas exploration and production activities. Technology plays a vital role in detecting potential faults and defects that can negatively impact operations, revenue, and health and safety. As the oil & gas sector continues to expand in new regions and demand for inspection technology increases, the scope, and importance of industrial radiography equipment will only continue to grow. Advancements in radiography technology will enable oil & gas enterprises to operate more efficiently, safely, and sustainably, ensuring that their operations remain compliant with universal safety guidelines.

Frequently Asked Questions
  1. How big is the Industrial Radiography Equipment Market?
    Ans. The Global Industrial Radiography Equipment Market size was estimated at USD 1.15 billion in 2023 and expected to reach USD 1.25 billion in 2024.
  2. What is the Industrial Radiography Equipment Market growth?
    Ans. The Global Industrial Radiography Equipment Market to grow USD 2.03 billion by 2030, at a CAGR of 8.38%
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