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Turbomolecular Pumps Market Size Worth 1,529 Million USD by 2025

06-14-2019 05:10 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Turbomolecular Pumps Market Size Worth 1,529 Million USD by 2025

The global turbomolecular pumps market size was $1,005 million in 2017 and is projected to reach $1,529 million in 2025, growing at a CAGR of 5.4%. A turbomolecular pump is a multi-stage axial-flow turbine in which rapidly revolving blades deliver compression by augmenting the possibility of gas molecules progressing in the pumping direction. This pump is optimized for molecular flow circumstances and necessitates an aptly sized dual stage rotary oil-free scroll pump or vane pump so as to deplete to the environment.

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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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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