Malaysia Non-Destructive Testing (NDT) Market Research Report Forecast (2024-2030)

1. Malaysia Non-Destructive Testing (NDT) Market 2024-2030 sales@marknteladvisors.com Swipe +1 628 895 8081, +91 120 4278433 www.marknteladvisors.com

2. Market Insights The Malaysia Non-Destructive Testing (NDT) Market size is estimated to grow at a CAGR of around 21.05% during the forecast period, i.e., 2024-30. In Malaysia, the Non-Destructive Testing (NDT) market has been experiencing robust growth, driven by the substantial demands from verticals such as manufacturing, Oil & Gas, Construction, Aerospace & Defense, Energy & Utility, etc. In Malaysia, these industries are bound by strict regulatory standards, owing to which there are regular inspections that ensure the safety of infrastructure and equipment. As a result, to comply with these regulations, companies in these verticals are adopting NDTs. Swipe

3. 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. Swipe

4. Market 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 Region: South, East, Central, North, Sabah, Sarawak Swipe

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