Press Release

Vacuum Pumps Market to Surpass $ 9.5 Billion by 2022

According to TechSci Research report Global Vacuum Pumps Market By Type, By Application, By Region, Competition Forecast & Opportunities, 2012 – 2022”, global vacuum pumps market is projected to surpass $ 9.5 billion by 2022, on account of growing adoption of vacuum pumps in semiconductor, industrial, process and other industries. Moreover, increasing demand for energy efficient vacuum pumps, particularly in developed countries, which can provide very high vacuum over long distances at reasonable operating costs is likely to thrive global vacuum pumps market through 2022. Growing R&D initiatives and increasing investments in industrial sectors are some of the other factors expected to aid demand for vacuum pumps during forecast period, globally.

Browse 9 market data Tables and 209 Figures spread through 169 Pages and an in-depth TOC on "Global Vacuum Pumps Market"

On the basis of types, global vacuum pumps market has been classified into dry vacuum pumps, liquid ring vacuum pumps, rotary vane vacuum pumps and other vacuum pumps such as vacuum ejectors, diffusion pumps, cryogenic pumps, etc. Of these categories, demand for dry vacuum pumps is the highest across the globe, on account of rising demand from semiconductor, chemical and packaging industries. These pumps are primarily used for drying, vacuum distillation, reactor charging and inert gas blanketing. Strong presence of semiconductor manufacturing bases and growing trend of digital equipment in Asia-Pacific are anticipated to aid the region in maintaining its dominance in the global vacuum pumps market in the coming years. 

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“Semiconductor industry is the largest area of application for vacuum pumps, globally, due to increasing demand from electronic equipment industry. However, in the coming years, industrial and process industries are expected to emerge as the fastest growing end users of vacuum pumps, owing to increasing number of industrial and processing units, government spending, etc., across developed as well as developing economies.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Vacuum Pumps Market By Type, By Application, By Region, Competition Forecast & Opportunities, 2012 – 2022” has analyzed the potential of the global vacuum pumps market and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.

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