Top 3 key players of Turbomolecular Pumps Market | CAGR 5.4%

A turbomolecular pump is a type of vacuum pump, which performs at high rotational speed so as to obtain high vacuum conditions. Thus, these pumps are widely applicable across coatings, R&D, lamp industry, and others. In addition, rise in demand for analytical instrumentation in various areas such as life science instrumentation, molecular spectroscopy, and others is expected to fuel the growth of the turbomolecular pumps market.

The market players have developed new ways such as use of microcontrollers and others to improve efficiency and productivity of turbomolecular pumps. They have implemented new technologies and advanced designs to boost the demand for turbomolecular pumps. For instance, Edwards developed technological advanced turbomolecular pump, EXT pump, which uses brushless DC motors, and is equipped with the added benefit of integrated instrument controllers.

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Growth in demand for electricity in the developing regions of all continents fuels the market for solar photovoltaic, which further drives the growth of turbomolecular pumps. In addition, the features of turbomolecular pumps such as high reliability, high vacuum, and clean surrounding condition are expected to propel the growth of the turbomolecular pumps market.

According to a new report published by Allied Market Research, titled, "Turbomolecular Pumps Market: Global Opportunity Analysis and Industry Forecast, 2018-2025," the global turbomolecular pumps market was valued at $1,005 million in 2017, and is expected to reach at $1,529 million by 2025, growing at a CAGR of 5.4% during the forecast period. The magnetically levitated segment accounted for more than two-fifths of the market share in 2017, and is expected to witness significant growth during the forecast period.

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Based the application, the analytical instrumentation segment is expected to garner the largest share in the global market during the forecast period. This is attributed to rise in demand for chemical processing & wastewater processing across the globe. According to the product segment, hybrid type is expected to grow at a significant CAGR during the forecast period, owing to the capability of turbomolecular pumps to efficiently resist corrosion.

Key Benefits

The study provides an in-depth analysis of the global turbomolecular pumps market along with the current trends and estimations to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact analyses on the market size is included in the study.
Porter’s five forces analysis illustrates the potency of the buyers and the suppliers operating in the industry.
The quantitative analysis of the global market from 2017 to 2025 is provided to determine the market potential.

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Key Market Players Profiled in The Report

Agilent
Atlas Copco
Busch
Ebara Technologies, Inc.
KYKY Technology Co. LTD.
Osaka Vacuum, Ltd.
Pfeiffer Vacuum GmbH
Shimadzu Corporation
Ulvac
Welch

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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