Press release
Vacuum Pump Market On Leading Key Players Analysis- DEKKER, Shimadzu, Busch, Becker, Pfeiffer, Atlas Copco, Ebara, Agilent, ULVAC
Vacuum Pump Market, Vacuum Pump Market Study, Vacuum Pump Market Size, Vacuum Pump Market Segmentation, Vacuum Pump Market Growth
Vacuum Pump Market will surpass USD 6.5 billion by 2025: Development in chemical industry is the key factor impacting the sales of vacuum pump positively in coming years. Global chemical industry is likely to register around USD 5.5 billion by 2025 and China accounts the major share in the entire industry.
This is all due to the existence of various small as well as medium scale manufacturers which caters the native demand, and this trend is expected to follow throughout the forecast period. Developing economies like Indonesia, India and Thailand and will spur the chemical market growth in Asia Pacific region. Extensive usage of the product in chemical industry for many critical applications, such as in maintaining clean & dry reaction environments, will propel the regional vacuum pumps market demand over the forecast spell.
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Significant growth in pharmaceutical industry in emerging economies such as Europe and North America will boost the sales of vacuum pump positively in future. Vacuum pumps are used during the manufacturing of active pharmaceutical ingredients (APIs), intermediate products and bulk drugs to maintain the perfect reaction environment. In 2017, the U.S. minimal spending on pharma products crossed USD 450 billion. Upsurge in research & development investment in medical sector coupled with outbreak of various diseases owing to the change in food habits, lifestyle and climatic conditions are the factors that will have significant impact on the sales of medicine, and thus will drive the vacuum pump market in coming years.
Paradigm shift from depleting conventional to sustainable resources for electricity generation will drive the global Vacuum Pump market size. Rising concern towards greenhouse gas emissions coupled with growing measures towards energy conservation will further stimulate the product demand. In 2016, British Columbia introduced the Greenhouse Gas Industrial Reporting and Control Act which defines standards and emissions norms to be abided by industrial power generation units in the region.
Vacuum Pump Market Size By Lubrication (Dry, Wet), By Technology (Gas Capture/Binding Pumps, Gas Transfer Pumps [Positive Displacement Pumps, Kinetic Pumps]), By Product (Low Vacuum, Medium Vacuum, High Vacuum), By End-user (Chemical & Pharmaceutical, Semiconductor & Electronics, Oil & Gas, Food & Beverages, Wood, Paper & Pulp)
On the basis of lubrication, the market is segregated into wet and dry. Among these, dry vacuum segment will register annual growth with around 6% CAGR in future as the pumps don?t require any kind of lubrication and also provide dust & contamination free environment. This feature makes these pumps suitable for various applications in pharma industry.
On the basis of technology, the industry is divided into gas transfer and gas capture/binding vacuum pumps. Among these, gas transfer pumps will capture around 80% of entire market share and dominate the overall technology segment. The gas transfer pumps segment is further bifurcated into kinetic type and positive displacement type. These types of pumps are extremely high-pressure machines and find application in chemical conveyance, energy sector, etc.
The vacuum pumps market is fragmented by product, which include high, low and medium vacuum pumps. Among these, high speed vacuum pumps are likely to register positive growth due to its end user industries will register the significant growth in forecast spell. In terms of value, the high vacuum pumps registered more than USD 2.5 billion by 2025.
Oil & gas sector will dominate the entire end-user segment with an estimated CAGR of 6% over the forecast years. Upsurge in investments for production & exploration activities with current changes in policies related to production of oil & gas specially in North America is crucial factor for vacuum pumps market growth by 2025.
Top Manufacturers in global market are given bellow: DEKKER, Shimadzu, Busch, Becker, Pfeiffer, Atlas Copco, Ebara, Agilent, ULVAC, Kashiyama
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On the basis of region, China vacuum pumps industry will likely to witness around 7% CAGR in future, with revenue more than USD 2 billion by 2025. Prevalence of basic chemical and consumer electronic products manufacturing industries in China will bolster the regional market demand over the forecast timeframe.
The above information is provided on a regional and country basis for the following:
• North America (U.S., Canada, Mexico)
o Europe (Germany, Italy, UK, France, Austria, Spain, Portugal, Ukraine, Switzerland)
o Asia Pacific (Japan, China, India, South Korea, Australia)
o Latin America (Brazil, Mexico)
o MEA (South Africa, Saudi Arabia)
Table of Content
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Commercial Drone Industry Insights
Chapter 4. Competitive Landscape
Chapter 5. Global Vacuum Pump Market
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