Turbomolecular Pumps Market New Technologies Driving Energy Savings Trends by 2025

Turbomolecular Pumps represent a vital component within the realm of vacuum pumps, closely resembling turbopumps, utilized to achieve and uphold high levels of vacuum. These pumps operate based on the principle of gas molecule manipulation through repetitive collisions.

According to a new report published by Allied Market Research, titled, the global turbomolecular pumps market size was $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 global turbomolecular pumps market share in 2017 and is expected to witness significant growth during the forecast period.

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Drivers of The Market
The Turbomolecular pumps offer several advantages including operational efficiency, high vacuum capabilities, and heightened productivity. Furthermore, stringent energy conservation mandates set by governments are anticipated to drive market growth in the forthcoming years. Moreover, the global surge in the utilization of analytical instrumentation is poised to further propel the Turbomolecular pumps market.

The market landscape has been significantly influenced by technological advancements. Innovations in rotor design, materials, and bearing technologies have resulted in pumps with elevated pumping speeds and increased reliability. Additionally, the integration of intelligent technologies and digital controls has augmented operational efficiency and monitoring functionalities of turbomolecular pumps.

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Key drivers for the turbomolecular pumps market include escalating demand, operational efficiency, enhanced productivity, heightened efficiency, and reliability, which are expected to foster market growth throughout the forecast period. The pursuit of high vacuum levels, coupled with the growing demand for pumps in analytical instrumentation, presents significant opportunities for major players in the market. However, the high manufacturing cost associated with Turbomolecular Pumps serves as a restraint to market expansion.

Top Players:
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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Key Findings of the Turbomolecular Pumps 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.

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This release was published on openPR.