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Vacuum Leak Tester Market Report

RA00383

Vacuum Leak Tester Market, by Test Type (Helium Spray Probe Vacuum Leak Detectors, Ultrasonic Vacuum Leak Detectors, Helium Sniffer Probe Vacuum Leak Detector, Hydrogen Sniffer Probe Vacuum Leak Detectors), Modularity (Portable Vacuum Leak Detector, Compact Vacuum Leak Detector, Stationary Vacuum Leak Detector), Industry Vertical (Vessel Manufacturing, Mechanical Industries, Ship Manufacturing, Radiator Manufacturing, Packaging Industry, Aircraft Manufacturing, Automobile Manufacturing, Piping Industries), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

RA00383

Pages: NA

Jun 2020

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Impact of covid-19 on Vacuum Leak Tester Market

Global Vacuum Leak Tester Market Analysis:

Vacuum leak testers are utilized to detect or monitor any defects, cracks, or leakages on a casing or sealed part of the equipment. These defects occur during the manufacturing and production process and could seriously hamper the performance of equipment. Therefore, it is important to ensure that they are free from such damages. This ensures integrity as well as the overall quality of a product with enhanced customer safety. To ensure that equipment are free from any damages the vacuum leak test is performed. A detector and leak sensor is attached to the vacuum leak testing equipment which is capable of sensing and detecting any escapes of liquids, vacuums, and gases. They are capable of detecting even the minutest leaks, as these leaks carry the potential to hamper the performance and can lead to complete damage or failure of equipment. Some of the equipment which majorly uses vacuum leak testers are airbags, silencers, compressors, torque convertors, fuel tanks, radiators, evaporators, and tire rims. While the traditional and conventional methods of water submerging weren’t as effective and efficient, vacuum leak testing is highly capable of tracking leaks because of which their demand across the globe is majorly rising.

Growing demand for high-quality products and a rise in manufacturing and production segment are the major factors driving the market growth

Defects, leakages, and crack could seriously hamper the overall performance of an equipment, which could lead to a decrease in demand for the equipment. Also, the product life cycle is majorly reduced as the continuous leakage of liquids, vacuums and gases negatively impact the integrity of a product. Owing to all these factors major manufacturers are opting for the incorporation of the latest vacuum leak test technologies, as the conventional methods are not extremely effective and efficient in detecting cracks or leakages. Furthermore, an exponential rise in manufacturing and production activities has been observed. This is because of the rise in demand for multiple commodities and services across the globe which has increased the need for vacuum leak testers. Increased production could possibly lead to excess load on the manufacturing unit and chances of defective pieces occur more frequently. To stop these defective equipment from entering the market, major manufacturers are investing in vacuum leak tester technology. Also, this ensures consumer safety by reducing the potential chances of the defective equipment blasting or catching fire. All these factors combined are increasing the demand for vacuum leak testing equipment and driving the market growth.

High investment costs, operating complexities, and excess threat from new entrants to hamper the market growth

High initial investments owing to the rising prices of raw materials like helium is one of the major factor hampering the market growth. Further, the equipment requires timely maintenance, which increases operational costs. Also, as the vacuum leak test equipment involves certain complexities in operating, trained operators and professionals are required. In addition,  increased small and big firms entering the market are causing a major revenue distribution because of which the overall profits are significantly decreasing.

Growing occurrence of workplace accidents, stringent government standards and infrastructural development to create lucrative market opportunities

Workplace accidents due to leakages and crack could severely damage the surroundings and also cause major fatalities. One of the most appropriate examples could be the oil and gas industry. The risk of leakages in the oil and gas industry is high and it could lead to widespread devastation. Thus, major investments are being made by the oil & gas industry in the vacuum leak tester market. Further, governments across the globe have implemented stringent workplace standards and in general product standards that are aimed at reducing leakage related incidents and major accidents. Also, increased investments and technological advancements will allow infrastructural development. This will lead to increased adoption of vacuum leak testers as they will fit these advanced infrastructural facilities with high ease. Due to all these factors, the demand for vacuum leak testers will majorly increase and create lucrative market opportunities for growth.

Global Vacuum Leak Tester Market, by Test Type:

Helium sniffer probe vacuum leak detector to be the most lucrative till 2027

Helium sniffer probe vacuum leak detector segment will have a dominating share in the global market and they are expected to register a significant revenue during the forecast timeframe. The helium sniffer probe vacuum leak detectors are capable of detecting leaks in parts that cannot be pushed in a vacuum chamber. These equipment are usually in large-size such as refrigerators, air conditioners, refrigerated food displays, and others. Sniffer probe detectors are also used in locating leaks which have been already detected by other modes, with a view to repair the defective part and surroundings. In addition, increased demand for these large products has led to major investments in the helium sniffer probe vacuum leak detectors segment and has helped the segment to grow.

Global Vacuum Leak Tester Market, by Modularity:

Portable vacuum leak detector segment to register maximum growth

The portable vacuum leak detector segment is anticipated to register maximum growth in the global vacuum leak tester market during the forecast period. Portable vacuum leak detectors offer a lucrative solution to the majority of firms who work in multiple conditions. These conditions could be either on the premise of the company which is basically in a manufacturing unit or at remote locations that are off-site. Furthermore, the portability feature enables firms to carry out the major operations at remote locations and easily detect leakage problems, which majorly reduces operational costs. Owing to all these benefits offered by portable vacuum leak detectors, firms are majorly investing in the segment.

Global Vacuum Leak Tester Market, by Industry Vertical:

Automobile manufacturing segment to grow exponentially

The automobile manufacturing segment is expected to grow exponentially in the global vacuum leak tester market during the forecast timeframe. The automobile manufacturing sector majorly relies on vacuum leak tester systems to ensure that the final product is free from any defects. Any leakages could cause a major rise in expenses owing to increased warrant claims by customers. Further, leakages are a serious threat to consumer safety and it is important to ensure that the final product is free from any such defects. Also, rising demand for automobiles across the globe is directly facilitating in major adoption of vacuum leak testers and is helping the market to grow.

Global Vacuum Leak Tester Market, by Region:

North America region to grow at a fast pace

North America region is anticipated to grow at a fast pace and hold the largest market share in the global vacuum leak tester market during the forecast period. The major factors facilitating market growth in the region are widespread adoption, growing industrialization, stringent government laws for the workplace as well as customer safety, and developing technological infrastructure. Further, the major presence of automobile manufacturing outlets mainly in the U.S. and Canada region is propelling market growth in the region.

Key Participants in the Global Vacuum Leak Tester Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Key Participants in the Global Vacuum Leak Tester Market

Source: Research Dive Analysis

Some of the significant global vacuum leak tester market players include CETA TESTSYSTEME GmbH, Leybold, Pfeiffer Vacuum GmbH, Furness Controls, ATEQ Corp., COSMO INSTRUMENTS CO., LTD., INCON, Thomas C. Wilson, LLC., INFICON, and Acme Engineering Prod. Ltd.

Global vacuum leak tester market players are emphasizing more on merger & acquisition and advanced product development. These are the various strategies followed by established organizations. To emphasize more on the competitor analysis of market players, Porter’s five forces model is explained in the report.

Aspect

Particulars

 Historical Market Estimations

 2018-2019

 Base Year for Market Estimation

 2018

 Forecast timeline for Market Projection

 2020-2027

 Geographical Scope

 North America, Europe, Asia-Pacific, LAMEA

 Segmentation by Test Type

  • Helium Spray Probe Vacuum Leak Detectors
  • Ultrasonic Vacuum Leak Detectors
  • Helium Sniffer Probe Vacuum Leak Detector
  • Hydrogen Sniffer Probe Vacuum Leak Detectors

 Segmentation by Modularity

  • Portable Vacuum Leak Detector
  • Compact Vacuum Leak Detector
  • Stationary Vacuum Leak Detector

 Segmentation by Industry Vertical

  • Vessel Manufacturing
  • Mechanical Industries
  • Ship Manufacturing
  • Radiator Manufacturing
  • Packaging Industry
  • Aircraft Manufacturing
  • Automobile Manufacturing
  • Piping Industries

 Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

 Key Companies Profiled

  • CETA TESTSYSTEME GmbH
  • Leybold
  • Pfeiffer Vacuum GmbH
  • Furness Controls
  • ATEQ Corp.
  • COSMO INSTRUMENTS CO., LTD.
  • INCON
  • Thomas C. Wilson, LLC.
  • INFICON
  • Acme Engineering Prod. Ltd.

 


Frequently Asked Questions
 

A. Pfeiffer Vacuum GmbH, INCON, and CETA TESTSYSTEME GmbH are the leading companies in the global vacuum leak tester market.

A. The North America region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. Technological advancements, product development, along with joint ventures are the key strategies opted by the operating companies in this market.

A. Pfeiffer Vacuum GmbH and COSMO INSTRUMENTS CO., LTD. are investing more in R&D practices.

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