The latest report by MarkNtel Advisors, titled “Malaysia Non-Destructive Testing (NDT) Market Report By Product Offering (Equipment, [Ultrasonic Flaw Detectors, Eddy Current Instruments, Acoustic Emission Sensors, Electromagnetic Yokes, Others (Radioactive isotopes, Ultrasonic transducers, etc.)], Software, [Data Analysis Software, Imaging Software, Ultrasonic Testing (UT) Software, Eddy Current Testing (ECT) Software, Simulation and Modeling Software, Others (Calibration and Reference Standards Software, Reporting Software, etc.)], Services, [Inspection, Testing], Others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the Malaysia Non-Destructive Testing (NDT) Market research report.
What is the market outlook for Malaysia Non-Destructive Testing (NDT)?
The Malaysia Non-Destructive Testing (NDT) Market size is estimated to grow at a CAGR of around 21.05% during the forecast period 2024-30.
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Major Companies Operating in the Malaysia Non-Destructive Testing (NDT) Industry:
NDT Equipment Sdn Bhd, Nusantara Technologies Sdn Bhd, Aries Group, Oilfield Technical Inspection Sdn Bhd, EWF Group of Companies, Winner Inspection Sdn. Bhd., Xpert Engineering Solution Sdn Bhd, DÜRR NDT, Foerster Holding GmbH, IKM Gruppen AS, Cetim Corporate, and others
Malaysia Non-Destructive Testing (NDT) Market Report Segmentation:
By Product Offering
-Equipment
–Ultrasonic Flaw Detectors
–Eddy Current Instruments
–Acoustic Emission Sensors
–Electromagnetic Yokes
–Others (Radioactive isotopes, Ultrasonic transducers, etc.)
-Software
–Data Analysis Software
–Imaging Software
–Ultrasonic Testing (UT) Software
–Eddy Current Testing (ECT) Software
–Simulation and Modeling Software
–Others (Calibration and Reference Standards Software, Reporting Software, etc.)
-Services
–Inspection
–Testing
By Testing Technique
-Acoustic Emission Testing
-Radiographic Testing (RT)
-Visual NDT
-Magnetic Particle Testing (MPT)
-Ultrasonic Testing (UT)
-Eddy-Current Testing
-Others (Liquid Penetrant Testing, Guided Wave Testing, etc.)
By Method
-Visual Inspection
-Surface Inspection
-Volumetric Inspection (Situational Awareness, Counter Measures Development, etc.)
By Application
-Flaw Detection
-Stress and Structure Analysis
-Leak Detection
-Dimensional Measurement
-Others (Physical Properties Estimation, Weld Verification, etc.)
By End User
-Manufacturing
–Automotive
–Electronics
–Metal Fabrication
–Others (Plastics & Polymers, etc.)
-Oil & Gas
-Construction
-Aerospace & Defense
-Energy & Utility
-Others (Healthcare, Marine, etc.)
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Regional Insights:
-East
-Central
-North
-South
-Sabah
-Sarawak
Malaysia Non-Destructive Testing (NDT) Market Driver: Surging Infrastructural Development in Malaysia to Drive Market Growth
During the past decade, Malaysia has emerged as a dynamic, open economy. Additionally, the Malaysian government has made substantial supportive regulations to enhance foreign investments and elevate the country’s position in the region. As per the United Nations Conference on Trade and Development (UNCTAD), FDI flows to Malaysia rose by 39% to almost USD 17 billion in 2022, in comparison to 2021. This substantial increase in FDI over the past few years has fueled rapid infrastructure development, including the construction of highways, bridges, railways, and buildings. These infrastructure projects need to meet high standards of quality and safety, and as NDT ensures that the materials and construction meet the required standards, its demand is surging in Malaysia.
Furthermore, the government, to strengthen the economy, is enhancing its focus to attract foreign direct investment (FDI). In line with this, infrastructural development is anticipated to surge, which would further accelerate the demand for NDT solutions during the forecast period to ensure the safety of the development process.
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