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
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.
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.
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.
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
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