Turbomolecular Pumps Market Size Worth 1,529 Million USD by 2025
A turbomolecular pump is a special type of vacuum pump, similar to a turbopump, which is designed to obtain and maintain high vacuum. A rapidly spinning fan rotor in the turbomolecular pump pushes gas molecules from the inlet of the pump towards the exhaust, creating and maintaining a vacuum. Increase in demand for the pump has been witnessed, owing to the rise in need for pumps in analytical instrumentation and an increase in demand for coatings such as optical coatings and others. In addition, high efficiency and reliability offered by these pumps to perform various corrosive and harsh-duty applications such as mass spectrometry, semiconductors, and others are expected to propel the market growth. However, the high cost of these pumps is anticipated to restrain the market growth.
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Based on 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 Findings of the Market
• Based on application segment, the analytical instrumentation segment dominated the market in terms of revenue in 2017, and is projected to grow at a CAGR of 5.3% during the forecast period.
• Asia-Pacific generated the highest revenue in 2017, and is anticipated to grow at the highest CAGR of 5.9%.
• The magnetically levitated segment based generated the highest revenue in 2017, and is estimated to grow at the rate of 5.3%.
• In Asia-Pacific, China accounted for the largest market share in 2017.
• The key players profiled in this report include Agilent, Atlas Copco, Busch, Ebara Technologies, Inc., KYKY Technology Co. LTD., Osaka Vacuum, Ltd., Pfeiffer Vacuum GmbH, Shimadzu Corporation, Ulvac, and Welch.
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