Petroleum Testing Equipment Market Size, Share, and Industry Analysis, By Product Type (Flash Point Testers, Vapor Pressure Analyzers, Distillation Equipment, Combustion Analyzers, Trace Metals Analyzers, Viscometers, and Others), By Testing Type (Physical Testing, Chemical Testing, and Others), By End Use (Oil, Gas, and Others), and Regional Forecast till 2032

The Global Petroleum Testing Equipment Market is experiencing considerable growth owing to upgrading regulatory policies and consistent adherence to high-quality standards. Upgrading fuel standards for vehicles across economies and compliance with regulations support the market growth for petroleum testing equipment.  

• The Ministry of Road Transport and Highways (MoRTH), India, in January 2024 unveiled new emission standards for flexible fuel vehicles. Vehicles with flex-fuel options must undergo tests for gas and particulate pollutants.


• Abu Dhabi introduced a new regulatory platform for petroleum trading in July 2024 to ensure compliance with local and federal laws.

Petroleum Testing Equipment Market Driver

Rising Demand for High Product Quality and Accurate Testing Solutions across Economies to Drive Market Growth

Global liquid fuel production and consumption have been experiencing steady growth across economies since 2019. Physical and chemical property testing of petroleum products is gaining traction owing to stringent regulations and demand for high product quality. Growing concerns regarding product quality and safety are further generating demand for accurate and precise testing instruments across geographies. Manufacturing companies are focused on developing automatic solutions for petroleum testing for several end users.

• In May 2019, Omnitek introduced a fully automatic viscometer instrument for viscous products such as crude oils, heavy fuel oils, asphalts, polymers, and other viscous products.

Get comprehensive study about this report by, requesting free sample copy

Petroleum Testing Equipment Market Restraint

Electrification of Mobility across Economies to Limit the Demand for Petroleum Testing Equipment 

Supportive tax reforms, limited availability of natural resources, and government investment in charging infrastructure are all subjected to a surge in the market demand for electric vehicles. The rising electrification of mobility solutions limits the demand for petroleum products, further minimizing the volume of testing equipment sales.

• According to the International Energy Agency, electric car sales in China reached 8.1 million units in 2023, with a year-on-year growth of about 35% compared to 2022.

Petroleum Testing Equipment Market Opportunity

Increasing focus on Portable and Automated Testing Equipment to Maximize the Demand for Petroleum Testing Solutions

On-site testing and in-process testing of petroleum products generate strong demand for portable equipment, offering time-saving benefits and cost-effectiveness. Automated testing equipment provides enhanced efficiency and productivity compared to manual or semi-automatic testing and reliable results. Rising demand for advanced testing instruments with reduced human error and consistent results brings strong market opportunities for testing equipment.

• In December 2023, Anton Paar introduced a flash point tester in December 2023. TAG 500, TAG 300, ABA 500, and ABA 300 are used to test jet fuels, solvents, and chemicals with precise and cost-effective testing solutions.

Segmentation

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by the Key Players


• Consolidated SWOT Analysis of Key Players

Analysis by Product Type

By product type, the market is divided into flash point testers, vapor pressure analyzers, distillation equipment, combustion analyzers, trace metals analyzers, viscometers, and others.

To develop high-quality petroleum products, tests such as viscosity, flash point, distillation, pour point, and saturated vapor pressure tests are necessary. Petroleum testing is required at several stages, including upstream, midstream, and downstream, to enhance equipment durability and minimize maintenance and repair costs. Several tests, such as viscosity and density, are required at oil and gas plants, boosting the demand for viscometers across the global region.

• In June 2024, SOFRASER introduced the MIVI Viscometer, which has been certified as IECEX flameproof and has safety standards. MIVI Viscometer can be used for varied applications such as fuels and lubricants.

Analysis by Testing Type

By testing type, the market is segmented into physical testing, chemical testing, and others.

Physical testing accounts for the highest revenue market share owing to the demand for viscosity, density, and boiling point testing of petroleum. Chemical testing is to experience strong growth during the forecast period, including purity and component testing, trace composition, quality testing, and others. Manufacturers are focused on providing automated solutions for fuel and petroleum testing.

• For instance, in June 2023, Grabner Instruments manufactured automatic petroleum testing equipment for fuel laboratories with increased profitability.

Analysis by End-Use

By end-use, the market is further classified into oil, gas, and others. Others include the manufacturing sector, energy, and transportation sectors. Viscosity tests, quality tests, emission tests, corrosion tests, and others are required in the oil and gas industry to boost the demand for petroleum testing equipment. Testing services for fuel and petroleum products by several key players have gained market traction in the past few years, surging this equipment's growth in the Oil and gas industry.

• For instance, SGS unveiled new Liquefied Petroleum Gas testing services in Dubai in June 2022. The testing services would include sulfur testing, vapor pressure, density, and copper corrosion testing.

Regional Analysis

To gain extensive insights into the market, Request for Customization

In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America accounted for the largest share of the Global Petroleum Testing Equipment Market in 2023. The market growth in North America is attributed to stringent regulatory policies and the presence of large oil refineries across the region. Heavy investment in oil and gas projects will surge the market growth of petroleum testing equipment across the region.

• For instance, North America is subjected to commence operation of 558 oil and gas projects between 2024 and 2028, including upstream, downstream, and midstream projects.

Asia Pacific will experience substantial growth during the forecast period as a result of expanding refining capacities and growing energy demand. However, the Middle East & African region shows steady growth due to increasing investment and supportive regulatory policies.

• For instance, in January 2024, Uganda declared that Dubai’s royal family would establish a USD 4 Billion refinery to commence its operations in 2025.

Key Players Covered

The global petroleum testing equipment market is highly competitive, and a significant number of players in the market. In the U.S., the top 5 players account for only around 40% - 45% of the market.

The report includes the profiles of the following key players:

• Falex Corporation (U.S.)


• Phoenix Tribology (U.K.)


• Intertek Group Plc (England)


• Amtek (U.S.)


• Koehler Instrument Company (U.S.)


• Eralytics (Austria)


• Tannas (U.S.)


• Scavini (Italy)


• Lab-Wissen GmbH (Germany)


• Anton Paar GmbH (Austria)

Key Industry Developments

• In March 2024, SPECTRO Analytical Instruments GmbH, a part of AMETEK, introduced its stationary metal analyzer for quality testing in small foundries, automotive, and metal fabricator industries.


• In January 2024, AMETEK launched the Helipath Quick Action Laboratory Stand (HPQA) to measure the viscosity of petroleum products.