Vacuum pump market outlook global overview by Top Brands - ATLAS COPCO GROUP, SIHI GROUP BV, BUSCH PUMP, SULVAC TECHNOLOGIES

Middle-East & Africa expected to Witness the Fastest Growth during the Forecast Period

Middle East has been leveraging the benefits of increase in the global oil demand. However, a series of factors are currently showing an adverse impact on the economy in this region. The landmark agreement boosted oil prices by the end of 2016, other key producers are increasing shale oil production. Iran is expected to emerge as a major player, as the country is leveraging its return to the international markets while Saudi Arabia is expected to perform poorly.

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Vacuum pumps are witnessing substantial demand from various end-user verticals, as the operations involved in these verticals are extremely susceptible to corrosion, due to constant exposure to several harsh environments. Oil & Gas Industry held the largest share of the market in 2017as it is used in all areas of exploration, extraction, refinement, and distribution. It has more scope in developing nation as currently market has reached a level of maturity in the developed regions increasing focus on set-up and cost minimization has promoted Dry Vacuum Pumps.

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Market Segments:
Vacuum pump market is segmented by:
1. Type: Rotary Pump (Liquid Sealed, Dry Compressing), Reciprocating Pump (Diaphragm, Piston )
2. Application: Yield Monitoring, Variable Rate Application, Field Mapping, Soil Monitoring, Crop Scouting
3. End-User Industry: Oil & Gas, Semiconductor, Chemical, Energy & Power, Food & Beverage, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• September 2017 - Atlas Copco, acquired the operating assets of C.H. Spencer & Company Co., a US distributor and service provider of industrial compressors, pumps, and related products.
• February 2017 - Gardner Denver provided clean and efficient solutions for Popular German Brewer. The Fru00fch brewery is known for its Ku00f6lsch beer that is sold worldwide. The compressed air specialists at Hermann Mu00f6nnichs GmbH recommended a regulated-speed CompAir, PureAir machine to work with the brewery's piston compressor from the Champion series to achieve the high-hygiene standards required by the brewery
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