MRO - Industry-Specific Maintenance Services · Indirect
Monitoring · monthly
Procurement Category Intelligence

Pressure Vessel Inspection - NDT

Overview
Market size
$8.2B
global, USD
CAGR
6.5%
base to forecast
Buyer power
-2.3
supplier-favoured
Suppliers
6
tracked players
Signals
12
1 high severity

Market outlook

2031$11.2B

What changed

Demand by region

North America demand35%
Europe demand25%
Asia Pacific demand25%
Middle East and Africa demand10%
Rest of world demand5%
share of global demandtotal 100%

Cost drivers

Direct Labor & Certified Inspectors45%
Equipment, Software & Consumables20%
Travel, Mobilization & Logistics15%
Insurance, Compliance & Overhead12%
Administrative & Reporting Labor8%
share of delivered cost (analyst estimate)

Supplier watchlist

6 tracked