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Vacuum Pumps Market Size & Share Outlook up to 2021

08-18-2017 09:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: zion market research

A vacuum pump is a mechanically operated device used to remove gas molecules through a sealed volume. Vacuum pump technology is a replacement for environment-hazardous elements. These products include measuring devices, leak detectors along with vacuum pumps. Earlier, vacuum pumps were used in applications such as CRTs, refrigerators, food packaging, evacuation of lamps, and so on.

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The increasing use of vacuum pumps in industries such as chemical processing, pharmaceuticals, power, semiconductor, and petrochemicals will drive the market demand in the coming years. In addition, increasing investment on the vacuum pumps for cleaning purpose in these industries will positively impact the market growth in future. Moreover, increasing the double income of the middle-class people also increases the market demand for vacuum pumps.

On the basis of types, the vacuum pumps market is segmented into gas transfer vacuum pumps and entrapment pumps. The global market is segmented based on the application as medium vacuum pressure, low vacuum pressure, high and ultra-high vacuum pressure. On the basis of end-user, the global vacuum pumps market is segmented as chemical processing, petrochemicals, power, semiconductor, and others. Out of these, chemical processing is the leading segment in the market, whereas semiconductor segment is the second largest segment in the market.

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North America is a key contributor in the field of vacuum pumps market worldwide. The increasing focus on investment in the petrochemical industry in this region will boost the market in future. Owing to its the high market share, Asia Pacific is anticipated to increase the industrial network which will further propel the market growth. China, as emerging economy, also shares the large chunk of market share. Increasing domestic production in India and Japan also contribute to the vacuum pump market growth. Furthermore, the US and Europe are expected to witness showing significant growth in the market.

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Some of the major players in the global vacuum pump market are ULVAC, Inc., Pfeiffer Vacuum GmBH, Oerlikon Corporate Switzerland, Dekker Vacuum Technologies, Inc., Graham Corporation, Edwards Group Ltd., Atlas Copco, Gebr. Becker GmBH, Gast Manufacturing, Gardner Denver, and Tuthill Vacuum & Blower Systems, Inc. Other players in the global market include Ebara Corporation, Vooner FloGard Corporation, Samson Pump A/S, Sterling SIHI GmbH, KNF Neuberger GmBH, PPI Pumps Pvt. Ltd., Kashiyama Industries, Ltd., Cutes Corp., Tsurumi Manufacturing Co., and IDEX Corporation, Ltd.

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About Us: Zion Market Research is an obligate company. We create futuristically, cutting edge, informative reports ranging from industry reports, a company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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