Market Overview:
The global petroleum testing equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, factors such as rising investments in exploration and production activities, technological advancements, and growing awareness about safety and environment are also contributing to the growth of this market. Based on type, the global petroleum testing equipment market is segmented into semi-automatic and automatic segments. The automatic segment is expected to grow at a higher CAGR than the semi-automatic segment during the forecast period from 2018 to 2030. This can be attributed to its advantages such as high accuracy levels, reduced human intervention, improved throughput rates, etc., over semi-automatic testing equipment. Based on application,the global petroleum testing equipment market is divided into oilfield services sector (onshore & offshore), gas processing plants sector (upstream & downstream), refinery sector (primary & secondary)and others including LNG terminals& storage tanks).
Product Definition:
Petroleum Testing Equipment is used to test the quality of petroleum products. The importance of Petroleum Testing Equipment is that it helps to ensure that the products meet the required standards.
Semi-automatic:
Semi-automatic Petroleum Testing Equipment (PTE) is a category of testing equipment that uses computer software and a human operator to conduct tests. The operator can initiate the test sequence manually or the system can run automatically depending on its design.
The global semi-automatic PTE market size was valued at USD 1,867.1 million in 2016 and is expected to grow at an estimated CAGR of XX% from 2017 to 2022.
Automatic:
Automatic is a tool that performs a task without requiring human intervention. It is an instrument, device or equipment which fulfills the definition of an automatic system. The most common use of this term in the oil & gas industry refers to systems that carry out several tasks automatically and require no human input for its functioning such as flow monitoring, pressure control and temperature measurement among others.
Application Insights:
The oil & gas segment dominated the global petroleum testing equipment market in 2017 and is expected to witness a CAGR of XX% over the forecast period. The growth can be attributed to increasing investments in exploration and production activities across various regions, including North America, Asia Pacific, Middle East & Africa, and Europe.
The others segment includes chemicals/lubricants as well as fuel components testing segments. Increasing demand for lubricants from various industries such as automotive, industrial machinery etc., is expected to drive the others segment over the forecast period. In addition, stringent regulations related to lubricant quality are likely to boost industry growth further during future periods.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant increase in exploration activities coupled with growing demand for petroleum testing equipment from various end-use industries such as manufacturing, power generation, transportation and others.
The increasing number of refineries coupled with stringent government regulations aimed at ensuring high safety standards is anticipated to drive product demand across Asia Pacific. In addition, rising investments by major oil companies for developing new fields are also expected to have a positive impact on industry growth over the next eight years.
North America accounted for approximately 20% of total revenue share in 2017 owing to early adoption of technologies across key industries such as exploration & production (E&P) and refining that has led it being one of the most advanced regions globally regarding petroleum testing equipment market trends & developments.
Growth Factors:
- Increasing demand for petroleum products from developing countries
- Rapid industrialization and urbanization in emerging economies
- Stringent environmental regulations for the oil and gas industry
- Technological advancements in petroleum testing equipment
- Growing awareness about the benefits of using petroleum testing equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Petroleum Testing Equipment Market Research Report
By Type
Semi-automatic, Automatic
By Application
Oil, Gas, Others
By Companies
Falex, Phoenix Tribology, Intertek Group Plc, Amtek, Koehler Instrument Company, Eralytics, Tannas (Savant), Scavini, Lab-Wissen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Petroleum Testing Equipment Market Report Segments:
The global Petroleum Testing Equipment market is segmented on the basis of:
Types
Semi-automatic, Automatic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil, Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Falex
- Phoenix Tribology
- Intertek Group Plc
- Amtek
- Koehler Instrument Company
- Eralytics
- Tannas (Savant)
- Scavini
- Lab-Wissen
Highlights of The Petroleum Testing Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Semi-automatic
- Automatic
- By Application:
- Oil
- Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Petroleum Testing Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Petroleum testing equipment is used to measure the quality of petroleum products. This includes measuring the viscosity, color, and odor of petroleum products.
Some of the key players operating in the petroleum testing equipment market are Falex, Phoenix Tribology, Intertek Group Plc, Amtek, Koehler Instrument Company, Eralytics, Tannas (Savant), Scavini, Lab-Wissen.
The petroleum testing equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Petroleum Testing Equipment 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 Petroleum Testing Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Petroleum Testing Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Petroleum Testing Equipment 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 Petroleum Testing Equipment Market Size & Forecast, 2020-2028
4.5.1 Petroleum Testing Equipment Market Size and Y-o-Y Growth
4.5.2 Petroleum Testing Equipment Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Semi-automatic
5.2.2 Automatic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil
6.2.2 Gas
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Petroleum Testing Equipment 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 Petroleum Testing Equipment 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Semi-automatic
9.6.2 Automatic
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 Market Size Forecast by Applications
9.10.1 Oil
9.10.2 Gas
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Semi-automatic
10.6.2 Automatic
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 Market Size Forecast by Applications
10.10.1 Oil
10.10.2 Gas
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Semi-automatic
11.6.2 Automatic
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 Market Size Forecast by Applications
11.10.1 Oil
11.10.2 Gas
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Semi-automatic
12.6.2 Automatic
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 Market Size Forecast by Applications
12.10.1 Oil
12.10.2 Gas
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Semi-automatic
13.6.2 Automatic
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) Market Size Forecast by Applications
13.10.1 Oil
13.10.2 Gas
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Petroleum Testing Equipment Market: Competitive Dashboard
14.2 Global Petroleum Testing Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Falex
14.3.2 Phoenix Tribology
14.3.3 Intertek Group Plc
14.3.4 Amtek
14.3.5 Koehler Instrument Company
14.3.6 Eralytics
14.3.7 Tannas (Savant)
14.3.8 Scavini
14.3.9 Lab-Wissen
