Search reports.
Leak Tester Market Trends, Growth, Industry & Revenue [2030]
Get free sample report Request for Customiztion Buy Now

Leak Tester Market Trends, Growth, Industry & Revenue [2030]

Segments - Global Leak Tester Market by Types (Portable Leak Tester, Compact Leak Tester, and Stationary Leak Tester), Applications (Industrial, Automotive, Medical, HVAC/R, Laboratories, and Energy), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027

https://growthmarketreports.com/Raksha
Author : Raksha Sharma
https://growthmarketreports.com/Vaibhav
Fact-checked by : V. Chandola
https://growthmarketreports.com/Rucha
Editor : Rucha Phatak

Upcoming | Report ID :CM-106 | 4.3 Rating | 83 Reviews | 124 Pages | Format : PDF Excel PPT

Report Description


Leak Tester Market Outlook

The global leak tester market was valued at USD 427.9 million in 2019 and is projected to reach USD 829.4 million by 2027, expanding at a CAGR of over 9.5% during the forecast period (2020-2027). Leak testing is an industrial procedure required to verify and measure the pneumatic tightness of the components made. Major investments were made in the global leak testing market at the end of the nineties to expand these forms of leak checks to a broad variety of goods.

Several end use industries such as automotive, consumer goods, energy, HVAC/R, medical, and military are the downstream sectors of leak testing products. In the recent years, the consumption of leak tester has increased due to the recovery of the global economy, especially in developing countries, which has raised consciousness regarding the usage of quality product. The development and adoption of several types of leak tester has increased in 2019 and this trend is projected to continue during the forecast period.

The global leak tester market is driven by increase in investments in offshore energy infrastructure and rise in the demand for efficient industry leak detection to prevent possible disasters and accidents, and rapid growth in the oil & gas industry. Additionally, rising demand for effective leak detection techniques to prevent possible disasters and incidents, further promotes the development of the industry.

The composition of the leak tester is relatively concentrated with several manufacturers such as INFICON, ATEQ, VIC Leak Detection, and Cosmo Instruments account for over 50% of the overall market share in the global leak tester market.

Global Leak Tester Market Outlook

Leak Tester Market Dynamics

A leak tester is an effective way for conduct industry complaint tests to check for leaks, before delivering it to the customers or before utilization. The accuracy of leak tester over traditional methods is boosting its demand over the past few years. Manufacturers of leak tester are increasingly focusing on the integration of the latest technologies to boost the sale of devices and capture the maximum market share.

A significant number of industries are relying on helium leak tester due to increasing shortage of helium gas. Manufacturers of leak tester are increasingly developing products to deliver industry compliant and suitable products to cater to the end-user requirements. Currently, major types of leak tester include compact leak tester and stationary leak tester.

End-users are different industry verticals such as automotive, medical, HVAC, laboratories, and energy. Leak testing is performed frequently due to increasing need to prevent leakage for controlling the loss of gases, liquids, and other components and to prevent any hazardous events at factory locations or other areas. This, in turn, fuels the demand for leak tester.

Leak Tester Market Segmental Outlook

On the basis of types, the leak tester market is divided into portable leak tester, compact leak tester, and stationary leak tester. The stationary leak tester segment dominated the global market in 2019 with a market share of over 41.0%. Stationary leak tester is known for its superior performance and lightweight. The voltage range offered includes universal and a fixed voltage, which propels the demand for portable leak tester.

A stationary link tester is suitable for in-house testing of materials, gases, and other parameters. The stationary leak tester is preferred for offline testing of the sample. The portable leak tester sub-segment is projected to expand at a high CAGR during the forecast period. Pfeiffer Vacuum, which is one of the leading manufacturers of leak tester, offers advanced forms of portable leak tester. The ASM310, a portable leak tester offered by the company, has a detachable control panel, touchscreen with graphical display, SD card storage capacity, customizable menu, and various other features.

Global Leak Tester Market Types

Regional Outlook

In terms of value, North America held a major share of the global leak tester market. The high market share is due to the presence of well-established players in the U.S. and Canada. North America is home to players, including ATEQ Corporation, Vacuum Instruments Corporation, InterTech Development Company, and LACO Technologies, who work in the leak tester market.

Additionally, the adoption of leak tests in North America is high due to the steady growth of the automotive industry in the region. Many companies across the US are innovating technologically advanced new generation leak testing facilities to cater to the rising demand for these testers from different industries.

Global Leak Tester Market Regions

Key Benefits for Industry Participants & Stakeholders

  • In-depth analysis of the global leak tester market
  • Historical, current and projected market size in terms of value (USD Million) and volume (Units)
  • Potential & niche segments and regions exhibiting promising growth covered
  • Industry drivers, restraints and opportunities covered in the study
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Neutral perspective on the global leak tester market performance

Segments

By Types

  • Portable Leak Tester
  • Compact Leak Tester
  • Stationary Leak Tester

By Applications

  • Industrial
  • Automotive
  • Medical
  • HVAC/R
  • Laboratories
  • Energy

By Regions

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • UAE
    • Rest of Middle East & Africa

Key Market Players Profiled in the Report

  • Lezyne
  • Topeak
  • Blackburn
  • Bell
  • Schwinn
  • Intex
  • Giant
  • Giyo
  • Silca
  • Specialized
  • BioLogic (Mobility Holdings, Ltd.)
  • Campagnolo, DT Swiss and ZEFAL
  • Others (On Request)

Competitive Landscape

  • The prominent manufacturers operating in the global leak tester market include Lezyne, Topeak, Blackburn, Bell, Schwinn, Intex, Giant, Giyo, Silca, Specialized, BioLogic (Mobility Holdings, Ltd.), Campagnolo, DT Swiss, and ZEFAL.
  • Leak tester are known for their fast response and easy operation mode. Product manufacturing industries such as electronic components and automotive are focusing on improving the quality of products to improve the lifespan and reduce the failure of products.
  • Increasing industrialization at the global level is driving the demand for leak tester. Rapid industrialization caters the maintenance industry for devices and for the products involved in these industries. An increase in the demand for these commodities is fueling the demand for leak tester to test the leakages. Increasing focus on reducing manufacturing defects is propelling the need for leak tester. This, in turn, is expected to have a medium effect on the demand for leak tester.
  • These aforementioned market players are increasingly targeting emerging economies to expand their market penetration. Developing economies offer lucrative opportunities for growth in the face of rapidly growing populations. Furthermore, the availability of economic labor and raw materials enables OEMs to reduce production costs.
  • Automotive manufacturers are increasingly relying on high quality leak test equipment to detect defects in products or automotive components, including power steering, engine blocks, brakes, and emission control. The defects present in manufacturing processes leads to serious problems, resulting in increasing warranty claims and endangering the safety of the consumers.
  • One of the major challenges of using leak tester is that they are highly dependent on the operator’s experience in using them.
Global Leak Tester Market Key Players

Frequently Asked Questions

Additional company profiles can be provided on request.

Yes, the report provides supply chain analysis along with a list of original equipment suppliers, manufacturers, distributors, and customers.

According to this Growth Market Reports report, the market from leak tester is likely to register a CAGR of 9.5% during forecast period 2019-2027, with an anticipated valuation of over USD 829.4 million by the end of the 2027.

In addition to market size (in US$ Million) and market volume (Units) company market share (in % for base year 2019), other data such macro-economic factors, COVID-19 Impact on the value chain is available in final report.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

It is anticipated that increased investment in offshore energy alternatives and strict government safety legislation would provide the industry with new opportunities for the global Leak Tester market.

The market is expected to witness a decrease of over 3% between 2019 and 2020 owing to the adverse impact of COVID-19 pandemic on the.

The base year considered for the global leak tester market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years, and the forecast is provided from 2020 to 2027.

The key end users include upstream, downstream, and midstream industries including oil & gas refineries, chemical plants, thermal power plants and water treatment plants.

Major Manufactures include Lezyne, Topeak, Blackburn, Bell, Schwinn, Intex, Giant, Giyo, Silca, Specialized, BioLogic (Mobility Holdings, Ltd.), Campagnolo, DT Swiss, and ZEFAL.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Leak Tester Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Leak Tester Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Leak Tester Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Customers
   4.4 Key Forces Shaping the Leak Tester Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Leak Tester Market Size & Forecast, 2017-2027
      4.5.1 Leak Tester Market Size and Y-o-Y Growth
      4.5.2 Leak Tester Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Type, 2017-2027
Chapter 5 Global Leak Tester Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Leak Tester Market Size & Volume Forecast By Type
      5.2.1 Portable Leak Tester
      5.2.2 Compact Leak Tester
      5.2.3 Stationary Leak Tester
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Leak Tester Market Analysis and Forecast By App
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By App
      6.1.2 Basis Point Share (BPS) Analysis By App
      6.1.3 Absolute $ Opportunity Assessment By App
   6.2 Leak Tester Market Size & Volume Forecast By App
      6.2.1 Industrial
      6.2.2 Automotive
      6.2.3 Medical
      6.2.4 HVAC/R
      6.2.5 Laboratories
      6.2.6 Energy
   6.3 Market Attractiveness Analysis By App
Chapter 7 Global Leak Tester Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Leak Tester Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Leak Tester Analysis and Forecast
   9.1 Introduction
   9.2 North America Leak Tester Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Leak Tester Market Size & Volume Forecast By Type
      9.6.1 Portable Leak Tester
      9.6.2 Compact Leak Tester
      9.6.3 Stationary Leak Tester
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Leak Tester Market Size & Volume Forecast By App
      9.10.1 Industrial
      9.10.2 Automotive
      9.10.3 Medical
      9.10.4 HVAC/R
      9.10.5 Laboratories
      9.10.6 Energy
   9.11 Basis Point Share (BPS) Analysis By App
   9.12 Absolute $ Opportunity Assessment By App
   9.13 Market Attractiveness Analysis By App
Chapter 10 Europe Leak Tester Analysis and Forecast
   10.1 Introduction
   10.2 Europe Leak Tester Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Leak Tester Market Size & Volume Forecast By Type
      10.6.1 Portable Leak Tester
      10.6.2 Compact Leak Tester
      10.6.3 Stationary Leak Tester
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Leak Tester Market Size & Volume Forecast By App
      10.10.1 Industrial
      10.10.2 Automotive
      10.10.3 Medical
      10.10.4 HVAC/R
      10.10.5 Laboratories
      10.10.6 Energy
   10.11 Basis Point Share (BPS) Analysis By App
   10.12 Absolute $ Opportunity Assessment By App
   10.13 Market Attractiveness Analysis By App
Chapter 11 Asia Pacific Leak Tester Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Leak Tester Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Leak Tester Market Size & Volume Forecast By Type
      11.6.1 Portable Leak Tester
      11.6.2 Compact Leak Tester
      11.6.3 Stationary Leak Tester
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Leak Tester Market Size & Volume Forecast By App
      11.10.1 Industrial
      11.10.2 Automotive
      11.10.3 Medical
      11.10.4 HVAC/R
      11.10.5 Laboratories
      11.10.6 Energy
   11.11 Basis Point Share (BPS) Analysis By App
   11.12 Absolute $ Opportunity Assessment By App
   11.13 Market Attractiveness Analysis By App
Chapter 12 Latin America Leak Tester Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Leak Tester Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Leak Tester Market Size & Volume Forecast By Type
      12.6.1 Portable Leak Tester
      12.6.2 Compact Leak Tester
      12.6.3 Stationary Leak Tester
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Leak Tester Market Size & Volume Forecast By App
      12.10.1 Industrial
      12.10.2 Automotive
      12.10.3 Medical
      12.10.4 HVAC/R
      12.10.5 Laboratories
      12.10.6 Energy
   12.11 Basis Point Share (BPS) Analysis By App
   12.12 Absolute $ Opportunity Assessment By App
   12.13 Market Attractiveness Analysis By App
Chapter 13 Middle East & Africa (MEA) Leak Tester Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Leak Tester Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Leak Tester Market Size & Volume Forecast By Type
      13.6.1 Portable Leak Tester
      13.6.2 Compact Leak Tester
      13.6.3 Stationary Leak Tester
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Leak Tester Market Size & Volume Forecast By App
      13.10.1 Industrial
      13.10.2 Automotive
      13.10.3 Medical
      13.10.4 HVAC/R
      13.10.5 Laboratories
      13.10.6 Energy
   13.11 Basis Point Share (BPS) Analysis By App
   13.12 Absolute $ Opportunity Assessment By App
   13.13 Market Attractiveness Analysis By App
Chapter 14 Competition Landscape
   14.1 Leak Tester Market: Competitive Dashboard
   14.2 Global Leak Tester Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Lezyne
      14.3.2 Topeak
      14.3.3 Blackburn
      14.3.4 Bell
      14.3.5 Schwinn
      14.3.6 Intex
      14.3.7 Giant
      14.3.8 Giyo
      14.3.9 Silca
      14.3.10 Specialized
      14.3.11 BioLogic (Mobility Holdings, Ltd.)
      14.3.12 Campagnolo
      14.3.13 DT Swiss
      14.3.14 ZEFAL
      14.3.15 Spectronics Corporatio

Methodology

Our Clients

sinopec
Pfizer
Microsoft
FedEx Logistics
General Electric
Nestle SA
Dassault Aviation
Deloitte