Market Overview:
The global hydrostatic testing pumps 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 hydrostatic testing pumps from various end-use industries, such as oilfield industry, industrial sector, and others. In addition, the growing awareness about safety and security is also propelling the growth of this market. Based on type, the global hydrostatic testing pumps market can be segmented into air driven hydrostatic test pumps, electric driven hydraulic test pumps, and manual hydraulic test pump segments. The electric driven hydraulic test pump segment is projected to grow at a higher CAGR during the forecast period from 2018 to 2030 owing to its advantages over other types of Hydrostatic Test Pumps such as high efficiency and low maintenance cost. In terms of application, oilfield industry accounted for majority share in 2017 and is expected to maintain its dominance throughout the forecast period due to increasing drilling activities across different regions worldwide.
Product Definition:
Hydrostatic testing pumps are used to test the strength and integrity of pipelines, valves, and other pressure-containing equipment. Hydrostatic testing is a common way to detect leaks in pipelines or other pressurized systems.
Air Driven Hydrostatic Test Pumps:
The air-driven hydrostatic test pumps are used to measure the flow rate of liquids and gases in pipes or tubes. They are also used for testing the efficiency of impellers, blowers, fans and compressors. The major factor that propels growth in this market is their usage as a substitute for manual testing tools which have been gaining acceptance due to their speed, repeatability & accuracy coupled with ease of operation by an operator.
Electric Driven Hydrostatic Test Pumps:
Electric driven hydrostatic test pumps are used to measure the flow rate of liquids and gases in pipes or vessels. These devices are also known as volumetric flow meters, they can be used for measuring the rate of dispensing operations in laboratories, chemical plants, refineries and petrochemical industries.
The major application areas include water & wastewater treatment plants; oil & gas processing facilities; food & beverage processing facilities; pharmaceutical manufacturing units; cement manufacturing facilities among others.
Application Insights:
The oilfield industry accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing investments in exploration & production activities across various regions, including North America, Europe, Asia Pacific and Middle East & Africa. For instance, according to Wood Mackenzie¢â‚¬â„¢s estimates, global upstream spending will reach USD 590 billion by 2022 from around USD 440 billion in 2014.
Hydrostatic testing pumps are used for pressure testing of pipelines that carry crude oil or natural gas liquids on account of their potential risk due to pressure loss or leakage within the pipeline system during transit or storage operations leading to environmental damage or even accidents if undetected errors occur during transportation.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major oil & gas producing countries such as China, India, and Japan are anticipated to drive the regional market. In addition, increasing investments in various industries such as aerospace & defense by China and India are projected to fuel product demand over the next eight years.
The Middle East & Africa region is also anticipated to witness significant growth over the forecast period owing to rapid development of oilfields across countries including Saudi Arabia and UAE. In addition, rising hydrocarbon exploration activities coupled with growing offshore drilling activities are likely boost product demand in this region during the same period.
North America accounted for a significant share of revenue generated by hydrostatic testing pumps globally due to high penetration rates observed for these products across industrial applications within this region.
Growth Factors:
- Increasing demand for hydrostatic testing pumps from the oil and gas industry as a result of increasing exploration and production activities
- Growing demand for hydrostatic testing pumps from the automotive industry due to increasing production of automobiles
- Rising demand for hydrostatic testing pumps in the construction sector owing to growth in infrastructure development projects
- Increasing adoption of hydrostatic testing pumps by small- and medium-sized enterprises (SMEs) due to their low cost and easy operability
- Technological advancements that have led to the development of more efficient and durable hydrostatic testing pumps
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrostatic Testing Pumps Market Research Report
By Type
Air Driven Hydrostatic Test Pumps, Electric Driven Hydrostatic Test Pumps, Manual Hydrostatic Test Pumps
By Application
Oilfield Industry, Industrial, Others
By Companies
Cat Pumps, Reed Manufacturing, Graco, Curtiss-Wright Industrial (EST), Haskel, McFarland Pumps, Hydratron, Wheeler-Rex , RICE Hydro, Oatey (Cherne Econ-O), LARZEP, Richard Dudgeon, Tritan Pumps , McFarland Pump Group
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Hydrostatic Testing Pumps Market Report Segments:
The global Hydrostatic Testing Pumps market is segmented on the basis of:
Types
Air Driven Hydrostatic Test Pumps, Electric Driven Hydrostatic Test Pumps, Manual Hydrostatic Test Pumps
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
Oilfield Industry, Industrial, 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:
- Cat Pumps
- Reed Manufacturing
- Graco
- Curtiss-Wright Industrial (EST)
- Haskel
- McFarland Pumps
- Hydratron
- Wheeler-RexÂ
- RICE Hydro
- Oatey (Cherne Econ-O)
- LARZEP
- Richard Dudgeon
- Tritan PumpsÂ
- McFarland Pump Group
Highlights of The Hydrostatic Testing Pumps 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:
- Air Driven Hydrostatic Test Pumps
- Electric Driven Hydrostatic Test Pumps
- Manual Hydrostatic Test Pumps
- By Application:
- Oilfield Industry
- Industrial
- 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 Hydrostatic Testing Pumps 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
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- Consumer Insights
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- Product & Brand Management
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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?
Hydrostatic testing pumps are used to test the pressure and flow rate of a fluid.
Some of the major companies in the hydrostatic testing pumps market are Cat Pumps, Reed Manufacturing, Graco, Curtiss-Wright Industrial (EST), Haskel, McFarland Pumps, Hydratron, Wheeler-Rex‚Â , RICE Hydro, Oatey (Cherne Econ-O), LARZEP, Richard Dudgeon, Tritan Pumps‚Â , McFarland Pump Group.
The hydrostatic testing pumps market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydrostatic Testing Pumps Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hydrostatic Testing Pumps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hydrostatic Testing Pumps Market - Supply Chain
4.5. Global Hydrostatic Testing Pumps Market Forecast
4.5.1. Hydrostatic Testing Pumps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydrostatic Testing Pumps Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydrostatic Testing Pumps Market Absolute $ Opportunity
5. Global Hydrostatic Testing Pumps Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hydrostatic Testing Pumps Market Size and Volume Forecast by Type
5.3.1. Air Driven Hydrostatic Test Pumps
5.3.2. Electric Driven Hydrostatic Test Pumps
5.3.3. Manual Hydrostatic Test Pumps
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydrostatic Testing Pumps Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hydrostatic Testing Pumps Market Size and Volume Forecast by Application
6.3.1. Oilfield Industry
6.3.2. Industrial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydrostatic Testing Pumps Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hydrostatic Testing Pumps Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hydrostatic Testing Pumps Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hydrostatic Testing Pumps Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hydrostatic Testing Pumps Demand Share Forecast, 2019-2026
9. North America Hydrostatic Testing Pumps Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hydrostatic Testing Pumps Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hydrostatic Testing Pumps Market Size and Volume Forecast by Application
9.4.1. Oilfield Industry
9.4.2. Industrial
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydrostatic Testing Pumps Market Size and Volume Forecast by Type
9.7.1. Air Driven Hydrostatic Test Pumps
9.7.2. Electric Driven Hydrostatic Test Pumps
9.7.3. Manual Hydrostatic Test Pumps
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hydrostatic Testing Pumps Demand Share Forecast, 2019-2026
10. Latin America Hydrostatic Testing Pumps Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hydrostatic Testing Pumps Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hydrostatic Testing Pumps Market Size and Volume Forecast by Application
10.4.1. Oilfield Industry
10.4.2. Industrial
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydrostatic Testing Pumps Market Size and Volume Forecast by Type
10.7.1. Air Driven Hydrostatic Test Pumps
10.7.2. Electric Driven Hydrostatic Test Pumps
10.7.3. Manual Hydrostatic Test Pumps
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hydrostatic Testing Pumps Demand Share Forecast, 2019-2026
11. Europe Hydrostatic Testing Pumps Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hydrostatic Testing Pumps Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hydrostatic Testing Pumps Market Size and Volume Forecast by Application
11.4.1. Oilfield Industry
11.4.2. Industrial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydrostatic Testing Pumps Market Size and Volume Forecast by Type
11.7.1. Air Driven Hydrostatic Test Pumps
11.7.2. Electric Driven Hydrostatic Test Pumps
11.7.3. Manual Hydrostatic Test Pumps
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hydrostatic Testing Pumps Demand Share, 2019-2026
12. Asia Pacific Hydrostatic Testing Pumps Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hydrostatic Testing Pumps Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hydrostatic Testing Pumps Market Size and Volume Forecast by Application
12.4.1. Oilfield Industry
12.4.2. Industrial
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydrostatic Testing Pumps Market Size and Volume Forecast by Type
12.7.1. Air Driven Hydrostatic Test Pumps
12.7.2. Electric Driven Hydrostatic Test Pumps
12.7.3. Manual Hydrostatic Test Pumps
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hydrostatic Testing Pumps Demand Share, 2019-2026
13. Middle East & Africa Hydrostatic Testing Pumps Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hydrostatic Testing Pumps Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hydrostatic Testing Pumps Market Size and Volume Forecast by Application
13.4.1. Oilfield Industry
13.4.2. Industrial
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hydrostatic Testing Pumps Market Size and Volume Forecast by Type
13.7.1. Air Driven Hydrostatic Test Pumps
13.7.2. Electric Driven Hydrostatic Test Pumps
13.7.3. Manual Hydrostatic Test Pumps
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hydrostatic Testing Pumps Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydrostatic Testing Pumps Market: Market Share Analysis
14.2. Hydrostatic Testing Pumps Distributors and Customers
14.3. Hydrostatic Testing Pumps Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cat Pumps
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Reed Manufacturing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Graco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Curtiss-Wright Industrial (EST)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Haskel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. McFarland Pumps
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hydratron
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wheeler-Rex
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. RICE Hydro
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Oatey (Cherne Econ-O)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. LARZEP
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Richard Dudgeon
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tritan Pumps
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. McFarland Pump Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
