Vacuum Pumps Market: Global Industry Analysis and Forecast 2014 - 2020
Persistence Market Research
Vacuum Pumps Market: Global Industry
Analysis and Forecast 2014 - 2020
Persistence Market Research
1
Vacuum Pumps Market: Global Industry Analysis and Forecast 2014 - 2020
Persistence Market Research Released New Market Report on “Vacuum Pumps Market:
Global Industry Analysis and Forecast 2014 - 2020”.
Vacuum pump is a mechanical device which is used to create vacuum by removing gas
molecules from a sealed volume. Growing adoption of vacuum pumps in power, oil & gas,
chemical processing, and semiconductor industries is driving the demand for vacuum pumps.
Moreover, rising investment in these industries is also expected to benefit the market of vacuum
pumps globally.
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On the basis of types, vacuum pumps market is segmented into five categories: liquid ring
vacuum pumps, dry vacuum pumps, rotary vane vacuum pumps, turbo molecular vacuum
pumps, and steam jet ejectors. Out of all these segments, liquid ring and dry vacuum pumps are
currently dominating the global market by capturing over 60% share of the market. Strong
growth in semiconductor industry is leading to a surge in the potential of dry vacuum pumps,
whereas liquid ring vacuum pumps find wide application in pulp and paper, and oil and gas
industries. In order to reduce the overall operation cost, demand for high vacuum quality (clean
and dry vacuum) and energy efficient pumps is increasing which is also supporting the growth of
dry vacuum pumps.
North America and Asia Pacific are the key contributors to the growth of the global vacuum
pump market where China and the U.S. are registering a majority chunk of the market share.
Demand for vacuum pumps in these two countries is driven by a strong domestic production
base of chemical, oil and gas, semiconductors, and pulp and paper...