Global Laboratory Vacuum Pumps Market to Grow at 4.8% CAGR through 2025

A new research study, titled “Laboratory Vacuum Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025” has been added to the comprehensive research repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global laboratory vacuum pumps market is likely to grow at a CAGR of 4.8% and reach nearly US$ 2.5 Bn in revenues by the end of the forecast period.

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The research study is a comprehensive source of information and analysis that lays bare the subtle and nuanced factors shaping this landscape. The role of the macroeconomic factors impacting the sales of laboratory vacuum pumps has also been studied, with the recent developments in the global healthcare sector discussed in detail in the report. The competitive scenario prevalent in the market has also been analyzed, and the product and business strategies of some of the leading player have been discussed.

According to the research study, the laboratory vacuum pumps market is likely to grow at a steady pace, on account of macroeconomic factors such as rising investment in the healthcare sector in developing countries, and industry-specific factors such as advancement in the laboratory vacuum pump manufacturing. The leading companies in the market are focusing on product differentiation by investing in research and development, and the launch of innovate products in the market. Sensing the challenges associated with the current laboratory vacuum pumps, manufacturers are focusing on developing vacuum pumps that generate lesser noise and produce lesser heat.

The research report studies the laboratory vacuum pumps landscape in detail, and offers analysis on the key strategies adopted by the leading players in the market. Some of the key companies profiled in the report include Welch Vacuum - Gardner Denver, Atlas Copco AB, ULVAC, Inc, Pfeiffer Vacuum, Edwards Limited, EBARA Corporations, Wenling Tingwei Vacuum Equipment Co, Oerlikon Leybold Vacuum GmbH, Tuthill Corporation, KNF Group, Graham Corporation, Sterling SIHI GmbH, and Dekker Vacuum Technologies, Inc.

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In a bid to offer readers in-depth analysis and insights on the global laboratory vacuum pumps market, the research report has included a detailed segment-wise analysis on the market. On the basis of product type, the key segments include rotary vane and dry laboratory vacuum pumps. According to the report, demand for both dry and rotary vane vacuum pumps is significant, however, rotary vane laboratory vacuum pumps are likely to grow at a higher CAGR during the assessment period.

By region, North America is likely to remain the largest market for laboratory vacuum pumps globally, with the US accounting for the majority revenue share. According to the report, the North America laboratory vacuum pumps market is likely to reach a valuation of US$ 1.16 Bn by the end of the forecast period. In addition to North America, Asia Pacific is likely to emerge as a lucrative market for laboratory vacuum pumps during the assessment period. The Asia Pacific laboratory vacuum pumps market is projected to grow at a CAGR of 5.3% during the assessment period.

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This release was published on openPR.