Leak Test Equipment Business Opportunities: Global Business Growth, Demand, Trends, Key Players And Forecasts Till 2018 - 2026
The global leak test equipment market was valued at US$ 377.0 Mn in 2016 and is projected to expand at a cumulative annual growth rate (CAGR) of 7.4% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “ Leak Test Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026 ”. The report suggests that expansion of the global automotive, medical & pharmaceutical, and packaging industries along with increasingly stringent regulations pertaining to leakages is likely to spur the demand for leak test equipment during the forecast period (2018 to 2026). North America, Europe, and Asia Pacific are likely to dominate the global leak test equipment market, as key players introduce their new leak test equipment in these regions. Rising demand for leak test equipment from the expanding packaging industry in emerging markets such as China and India is likely to boost of the leak test eq...