Global Industrial Vacuum Pump Market 2016-2020
- Published: May 2016
- Pages: 62
- SKU: IRTNTR8316
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The global industrial vacuum pump market research report provides a detailed analysis of the market by end-user (process, semiconductor, power, and coating industries) and by geography (Americas, EMEA, and APAC). The report also provides an analysis of the market’s competitive landscape and offers information on several industrial vacuum pump manufacturers including Atlas Copco, Gardner Denver, Pfeiffer Vacuum, Tuthill, and ULVAC.
The key findings from our industrial vacuum pump market forecast report are summarized below
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Global Industrial Vacuum Pump Industry Outlook
Technavio’s research analyst predicts the global industrial vacuum pump market to grow steadily at a CAGR of around 5% due to the increasing use of these pumps globally, especially in APAC. Rapid industrialization in APAC countries like India and China along with other developing countries such as Brazil will boost the demand for industrial vacuum pumps until 2020. Increased demand for power is leading to widespread expansion of T&D activities worldwide. Besides usage in the power sector, vacuum pumps also serve the oil and gas, food processing, chemical processing, and semiconductor manufacturing sectors.
Rising investments in semiconductors is another key trend augmenting the use of industrial vacuum pumps. For instance, the government of India as a part of the “Make in India” campaign has planned to invest $1.52 billion over the next two years in electronic system design and manufacturing industry. A typical semiconductor manufacturing unit uses close to 750 dry vacuum pumps on an average. The growth of semiconductor manufacturing will thus increase the sales of dry vacuum pumps and as well as liquid vacuum pumps in the upcoming four years.
Industrial vacuum pump market segmentation by end-user
- Process industry
- Semiconductor industry
- Power industry
- Coating industry
The process industry dominated the market in 2015 with a market share of almost 39%. Increased application of dry vacuum pumps in the pharmaceutical and biotechnology industries will drive the demand for these pumps in the process industry until 2020.
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Industrial vacuum pump market segmentation by geography
APAC accounted for close to 44% of the market share during 2015, and it is expected to grow rapidly during the forecast period. Rapid industrialization and urbanization in the emerging economies of this region are key contributors to this market’s growth. Also, the region is witnessing the growth of process industries, including water, food and beverage, and oil and gas, which are also contributing to the growth of industrial vacuum pump demand.
Competitive landscape and key vendors
The global industrial vacuum pump market consists of many international players, and most of these players have a broad range of vacuum pumps for all end-user applications. This has created high competition in the market. The key players in the market are expected to diversify their geographical presence with a focus on APAC during the forecast period.
The report offers a detailed analysis of several leading companies, including:
- Atlas Copco
- Gardner Denver
- Pfeiffer Vacuum
The other prominent vendors of the market include Oerlikon Corporate, Graham Corporation, Dekker Vacuum Technologies, Becker, Gast Manufacturing, IDEX Corporation, Busch, KNF Neuberger, Tsurumi Manufacturing, Ebara Corporation, PPI Pumps, and Vooner FloGard Corporation.
Key highlights of the global industrial vacuum pump market for the forecast years 2016-2020:
- CAGR of the market during the forecast period 2016-2020
- Detailed information on factors that will accelerate the growth of the industrial vacuum pump market during the next five years
- Precise estimation of the global industrial vacuum pump market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- Growth of the industrial vacuum pump industry across various geographies such as the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of industrial vacuum pump companies
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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