Market Share of US NDT Equipment Industry
The US NDT equipment market is moderately consolidated, with many businesses with a very small market share. The main elements fostering the market's fragmented nature are the growth of regional markets and the rising participation of local companies in foreign direct investments.
- August 2022 - Baker Hughes announced it has agreed to acquire the Power Generation division of BRUSH Group from One Equity Partners. BRUSH is an established equipment manufacturer specializing in electric power generation and management for the industrial and energy sectors. This acquisition supports Baker Hughes' strategic commitment to lead in providing decarbonization solutions for the natural gas industry, and historically hard-to-abate sectors with the company also plan to optimize its supply chain by leveraging BRUSH Power Generation's manufacturing base and expanding its scope on customer projects in both the industrial and energy sectors.
USA NDT Equipment Market Leaders
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Baker Hughes
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NDT Global LLC
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Applied Technical Services
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Triumph Group
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Mistras Group Inc.
*Disclaimer: Major Players sorted in no particular order
