Uploaded on Mar 23, 2021
According to the recent market research report published by Growth Market Reports titled, “Global Leak Tester Market by Types, Applications, and Regions: Size, Share, Trends, and Opportunity Analysis, 2019-2027”, the global market was valued at USD 427.9 Million in 2019 and is estimated to expand at a CAGR of 9.5% between 2020 and 2027.
Global Leak Tester Market
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Home Engineering, Equipment & Machinery Global Leak Test er Market is Ant icipat ed t o Reach a Valuat ion of Over U SD 829.4 Million by 2027
Aerospace & Defense
Automotive & Logistics Global Leak Tester Market is Anticipated to Reach a Valuation
of Over USD 829.4 Million by 2027
BFSI
Engineering, Equipment & Machinery 19 Nov. 2020 Growth Market Reports
Construction & Manufacturing
According to the recent market research report published by Growth Market Reports fitled, “Global Leak Tester Market by Types, Applicafions,
Consumer Goods
and Regions: Size, Share, Trends, and Opportunity Analysis, 2019-2027”, the global market was valued at USD 427.9 Million in 2019 and is
Energy & Power esfimated to expand at a CAGR of 9.5% between 2020 and 2027.
Food & Beverage
Increasing usage of leak tester in various fields, such as automofive, manufacturing, packaging, and healthcare is anficipated to drive the global
Healthcare leak tester market. Leak tester are capable of performing numerous industry specific tests such as electronic gas detecfion, colorimetric
development, bubble tesfing, mass flow, mass spectrometry, hydrogen leak detecfion, and ultrasonic leak tesfing.
ICT, Semiconductor & Electronics
Materials & Chemicals The global leak tester market is driven by the increase in investments in offshore energy resources. Moreover, rising demand for proper leak
detecfion between industries to avoid possible disasters and accidents is creafing growth opportunifies in the global leak tester market.
Addifionally, growing demand for effecfive leak tesfing techniques to prevent future disasters and incidents and increasing implementafion of
strict government protecfion regulafions are expected to further propel the market.
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Leak tesfing is a method used to idenfify manufacturing defects that help verify product integrity and improve consumer protecfion. For
example, the automofive industry consistently uses leak tester to ensure that assembly operafions have been efficiently performed and
subcomponents are leak-free.
As per the Growth Market Reports industry analyst Vidya Jadhav, “The global leak tester market is anficipated to grow significantly during the
forecast period, from 2020-2027. A significant number of automofive manufacturers across the globe rely on high quality leak test equipment
to detect flaws in automofive components or goods. Manufacturing faulty goods can prove costly, as they result increased the claims for
warranty and a threat to public safety. Leak Tester are implemented for robust leak tesfing procedures by government agencies and other
industries with sensifive work environments. This is expected to propel the market in the coming years.”
Key Takeaways from the Study:
Based on the applicafions, the leak tester market is segmented into industrial, automofive, medical, HVAC/R, laboratories, and energy.
Several new end use industries are anficipated to increase its adopfion for leak tester. Some prominent of them being aerospace &
defense and power & energy industries. The automofive segment is projected to expand at a CAGR of more than 7% during the forecast
period.
North America is home to well-established manufacturers of leak tester such as Uson, L.P., Vacuum Instruments Corporafion, LLC, ATEQ
Corp., InterTech Producfion Company, and LACO Technologies. The adopfion of leak tester is high in North America due to confinuous
growth of the automofive industry.
Several companies across the US are innovafing new generafion leak tester to meet the needs of different industries. In November 2017,
Uson L.P., announced the launch of a novel industrial grade 628, disparity pressure decay leak tester.
Car manufacturers rely on high-quality leak test equipment to detect product or automofive part faults, such as power steering, engine
blocks, brakes, and pollufion control. The defects present in the manufacturing process lead to safety concerns and increases warranty
claims.
Report Scope:
Report Metric Details
Market Value in 2019 US$ 427.9 Million
Market Growth Rate (from 2019 to 2027) 9.5%
Historical Data 2017 & 2018
Base Year 2019
Forecast Period 2020 – 2027
Units Considered Value (US$ Million) & Volume (Units)
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Market Segments Types, Applicafions, and Regions
About Us Aerospace & Defense 1sNt oFrlothor A, Kmaelpriacvar,u Ekusrhoap Oe,ffi Acseia NPaoc 1ifi,c, Lafin America,
Regional Scope Your email
and Middle East & Africa
Lezyne, Topeak, Blackburn, Bell, Schwinn, Intex,Faq
Key Companies Profiled Giant, Giyo, Silca, Specialized, BioLogic (Mobility
Consumer Goods
Holdings, Ltd.), Campagnolo, DT Swiss, and ZEFAL
GK Lane Number 3, Ingawale Nagar,
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Target Audience:
Energy & Power
Supply-side: Leak tester manufacturers, leak tester OEMs
Pimple Nilakh, Pune, Maharashtra
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Demand Side: Oil & gas companies, industrial producfion companies, automofive companies, medical insfitutes & research laboratories
Regulatory Side: Environmental protecfion agencies
Associafions and Industry Bodies: Internafional Canine Spill & Leak Detecfion Associafion, United States Environmental Protecfion
Agency, Nafional Renewable Energy Laboratory
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