Albany, New York, December 27, 2018: The demand for hydrostatic testing equipment is considerably high in the oil and gas industry owing to increased upstream and downstream exploration and drilling activities, which requires strong pipelines. Hydrostatic testing has witnessed robust demand in the oil & gas industry, to prevent impacts of pipeline failures on the environment, economy and humans.
The aforementioned insights are adopted from the market report titled, “Hydrostatic Testing Market: Manually Operated Equipment to Witness Revenue Growth at an Above Average Rate over the Forecast Period: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018 – 2028),” included recently in the extensive database of Market Research Reports Search Engine’s (MRRSE).
By the end of 2018, the global hydrostatic testing market is predicted to be valued at $489.5 million. It is estimated to cross $771.9 million through 2028. Furthermore, the market will clock a CAGR of around 5%.
On the basis of geography, North America held the largest market share in 2017. North America and Middle East and Africa are predicted to be the lucrative regions in the hydrostatic testing market owing to increased investments in oil and gas exploration and production.
The market for hydrostatic testing market is highly competitive in nature, with most of the players concentrating on producing innovative and cost-effective testing pumps and other related equipment. Furthermore, manufacturers of the product are involved in several acquisition activities to increase their global presence.
Hydrostatic Testing Market: Report Content
The report commences with an in-depth study of the product – hydrostatic testing. Many factors that affect the market growth have been covered in this report. Several macro- and micro-economic factors affecting growth of the hydrostatic testing market have been included in this report.
Additionally, different segments identified in the hydrostatic testing market have been represented with the help of a taxonomy table. The report also provides insights on the adoption and demand trends impacting the hydrostatic testing market across various countries and regions in the world.
A well-structured process was implemented to gain important information that is included in this market report. Segmentation of the market has been covered in the research report to provide buyers with detailed insights about the market.
Hydrostatic Testing Market: Competitive Landscape
The competition landscape covered in the research study aims at offering detailed insights on the strategies of key players present in the hydrostatic testing market. This will assist readers and buyers of the report to understand the report in detail.
Furthermore, the report also includes key market participants that are involved in manufacturing and distributing hydrostatic testing products. Key information such as – SWOT analysis, key growth strategies, and market shares of the key participants are included in the report.
New key players along with existing market players will have an added advantage with the strategies of the key players covered in the final sections of the hydrostatic testing market report.
Some of the key players in the hydrostatic testing market are Rice HYDRO, International Pipeline Products Limited, Curtiss-Wright Corporation and Energy Services International, Cosmo Instruments Co., Ltd, China Joy Machinery and Equipment Limited, Resato International B.V., Cat Pumps, Greene’s Energy Group, and JM Test Systems.
Browse Full Global Hydrostatic Testing Market Report with TOC : https://www.mrrse.com/hydrostatic-testing-market
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