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Vacuum Pumps Market Trend 2020 Global Players Atlas Copco, Gardner Denver, Agilent Technologies, Busch Vacuum Pumps and Systems, SHIMADZU CORPORATION, Gast Manufacturing Inc.

03-06-2020 06:03 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

/ PR Agency: GMI
Vacuum Pumps Market

Vacuum Pumps Market

The Vacuum Pumps Market is projected to expand from its present industry value of over $4.4 billion to more than $7.1 billion over the analysis timeframe.

Rising oil and gas exploration and production activities across the globe is the key driver influencing vacuum pumps market growth. Rising demand for crude oil from the transportation and industrial sector is escalating the exploration activities. Increasing utilization of vacuum pumps for extracting and processing the crude oil will escalate the industry.

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Dry vacuum pumps will foresee significant growth over the study timeframe with its application in industries including packaging, petrochemical, chemical, pharmaceutical etc. Rising demand for electronic devices and gadgets among the younger generation will require an increased production capacity for semiconductor and chips, thereby promoting dry vacuum pump demand over the study timeframe.

Kinetic pumps hold substantial share with their adoption to displace the gas molecules by accelerating them in the pumping direction by mechanical or vapor stream systems. These are used for generating high to ultra-high vacuum environments. They are relatively high priced and include products such as turbomolecular pumps, liquid jet pumps, diffusion pumps, ion transfer pumps, etc.

Top Players -

1. Atlas Copco,
2. Pfeiffer Vacuum Technology AG,
3. Gardner Denver,
4. Agilent Technologies Inc.,
5. Ebara Corporation.,
6. Shimadzu Corporation,
7. Gast Manufacturing Inc.,
8. DEKKER Vacuum Technologies, Inc.,
9. Busch Group,
10. Westmoor, Ltd.,
11. Anchor Pump.,
12. Metallurgical High Vacuum Corp. (MHV). & more

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Oil & gas sector holds significant share with high dependence on crude oil. In 2016, the U.S., lifted the restrictions on USD 50 trillion production of energy reserves. Further, the government announced plans of employ over 90% of the U.S. offshore territory for oil and gas drilling and exploration, thereby escalating the vacuum pumps market.

Latin America is at a nascent stage and will witness steady growth with presence of semiconductor & electronics industry is led by medium scale manufacturing plants in Mexico and Brazil. Shifting focus of the U.S. based vacuum pump end-user companies towards Latin America owing to lenient government policies and low-cost labor force will be a key driving factor for the regional growth over the forecast period.

The industry players are adopting multiple strategies to distinguish themselves and to gain a competitive edge over other participants. For instance, in 2018, Gardner Denever acquired of Runtech Systems in order to expand flow control technology, vacuum and pressure systems and services. Further, in August 2017, Pfeiffer Vacuum acquired Nor-Cal Products Inc., to strengthen its position in the vacuum technology industry.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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