Vacuum Pumps Market expected to show steady growth by 2021
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 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 over 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 is the market.
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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Vacuum Pumps Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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