Global Magnetic Particle Inspection System Market 2023-2030
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Global Magnetic Particle Inspection System Market 2023-2030

Last Updated:  Apr 25, 2025 | Study Period: 2023-2030

GLOBAL MAGNETIC PARTICLE INSPECTION SYSTEM MARKET

 

INTRODUCTION

Magnetic particle Inspection (MPI) system is a nondestructive testing (NDT) process for detecting surface and shallow subsurface discontinuities in ferromagnetic materials such as iron, nickel, cobalt, and some of their alloys. The process puts a magnetic field into the part.

 

The piece can be magnetized by direct or indirect magnetization. Direct magnetization occurs when the electric current is passed through the test object and a magnetic field is formed in the material.

 

Indirect magnetization occurs when no electric current is passed through the test object, but a magnetic field is applied from an outside source. The magnetic lines of force are perpendicular to the direction of the electric current, which may be either alternating current (AC) or some form of direct current (DC) (rectified AC).

 

The presence of a surface or subsurface discontinuity in the material allows the magnetic flux to leak, since air cannot support as much magnetic field per unit volume as metals.

 

To identify a leak, ferrous particles, either dry or in a wet suspension, are applied to a part. These are attracted to an area of flux leakage and form what is known as an indication, which is evaluated to determine its nature, cause, and course of action, if any.

 

GLOBAL MAGNETIC PARTICLE INSPECTION SYSTEM MARKET SIZE AND FORECAST

 

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The Global Magnetic Particle Inspection System market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

 

NEW PRODUCT LAUNCH

Lightweight and Heavy Duty Magnetic Particle Inspection YokeThe Y-2 is an AC electromagnetic yoke for magnetic particle inspection that improves inspector productivity through a lightweight, ergonomic design.

 

The Y-2 is the next generation of hand-held yokes that is more robust to survive harsh environments better than its predecessors. The new design features customer suggested solutions such as a field-replaceable cord, water-resistant activation switch & housing, and a snap-on LED light.

 

Cords and triggers can be easily replaced, so work doesn’t stop, and tools aren’t scrapped due to accidental damage and Prevent dust and dangerous water damage with an IP54 o-ring sealed housing.

 

COMPANY PROFILE

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. How many Magnetic Particle Inspection System are manufactured per annum globally? Who are the sub-component suppliers in different regions?
  2. Cost breakup of a Global Magnetic Particle Inspection System and key vendor selection criteria
  3. Where is the Magnetic Particle Inspection System manufactured? What is the average margin per unit?
  4. Market share of Global Magnetic Particle Inspection System market manufacturers and their upcoming products
  5. Cost advantage for OEMs who manufacture Global Magnetic Particle Inspection System in-house
  6. key predictions for next 5 years in Global Magnetic Particle Inspection System market
  7. Average B-2-B Magnetic Particle Inspection System market price in all segments
  8. Latest trends in Magnetic Particle Inspection System market, by every market segment
  9. The market size (both volume and value) of the Magnetic Particle Inspection System market in 2023-2030 and every year in between?
  10. Production breakup of Magnetic Particle Inspection System market, by suppliers and their OEM relationship

 

Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
19Market Segmentation, Dynamics and Forecast by Application, 2023-2030
20Market Segmentation, Dynamics and Forecast by End use, 2023-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix