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"
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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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