Global Leak Test Equipment Market 2018 Analysis By Top Companies like INFICON, ATEQ Corp., LACO Technologies, Pfeiffer Vacuum, CETA Testsysteme GmbH, Cosmos Instruments Co, InterTech Development Company, TASI Group, Uson L.P, Vacuum Instrument Corporation

INDUSTRY IS CHANGING because of the change in the Leak Test Equipment market that are happening due to some key players and brands that are dominating the market for the forecast period of 2018 to 2025. This report is a window to the Leak Test Equipment market which explains what market definition, classifications, applications, engagements and market trends are. The report also contains the drivers and restrains for the Leak Test Equipment market which are derived from SWOT, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles.

The Global Leak Test Equipment Market was valued at USD 692.5 million in 2017 and is expected to reach USD 785.9 million in 2025, growing at a healthy CAGR of 7.6% for the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Market Definition: 

The leak testing equipment is used to detect manufacturing defects that helps verifying the integrity of products and also improves consumer safety. The use of leak testing equipment enables to know the escape of liquids, vacuum, or gases from sealed components or systems. These equipment have leak detector and sensor that are integrated with leak testing equipment. It include various test such as bubble testing, electronic gas detection, mass flow, colorimetric development, mass spectrometry, hydrogen leak detection and ultrasonic leak detection. In 2018, Marposs acquired Tecna Ltd., a leak testing solution provider company. The Tecna brands solutions were added in Marposs product portfolio. The Marposs helped to integrate leak testing solution with its products to provide services to automotive, conditioning/refrigeration and biomedical industries. The leak test equipment helps in preventing the leakages or pre-accidental situation by providing proper signal through software applications.

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Market Drivers:

Increasing incidents of oil & gas leakages in pipelines and storage tanks at production facilities
Stringent government regulations pertaining to the implementation of leak test equipment

Market Restraint:

Retrofitting of some leak detection systems
Entry of new start-ups in the market

Key Market Competitors: 
The key players operating in the global leak test equipment market are –

Inficon,
ATEQ Corp,
LACO Technologies,
Pfeiffer Vacuum GmbH,
Ceta Testsysteme GmbH,
Cosmo Instruments Co., ltd.,
InterTech Development Company,
TASI Group,
Uson, L.P.,
Vacuum Instruments Corporation, LLC,
TASI Group,
Tecna srl,
CETA,
Changzhou Changce,
Kane International,
Rothenberger,
HAIRUISI,
Hermann Sewerin,
Cosmo Instruments,
VIC Leak Detection,
many more.

Segmentation: 

Components

Hardware
Software
Services

Equipment Type

Portable
Fixed

End-User

Industrial
Automotive
Medical
HVAC/R
Laboratories
Energy

Geography

North America
U.S.
Canada,
Mexico

Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe

Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia-Pacific

South America

Brazil
Rest of South America
Middle East & Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of MEA

Competitive Landscape: 

The global leak test equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of leak test equipment market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

In 2013, Nolek signed co-operation agreement with KUKA robotics. Nolek provided robot leak testing/detection solutions to KUKA robotics. This agreement enabled KUKA robotics to use Nolek’s SniffIT X1 & X3 Digital product that helped it to provide very efficient leak testing solution.

Key Insights in the report:

Historical and current market size and projection up to 2025
Market trends impacting the growth of the global leak test equipment market
Analyze and forecast the leak test equipment market on the basis of components, equipment, and end-user
Trends of key regional and country-level markets for components, equipment, and end-user
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis

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This release was published on openPR.