Laboratory Vacuum Pumps Market by Product and Geography - Forecast and Analysis 2021-2025

Published: Jan 2021 Pages: 120 SKU: IRTNTR46690

The laboratory vacuum pumps market size has the potential to grow by USD 671.48 million during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 6.10%. 

This report provides a detailed analysis of the market by product (dry vacuum pumps and rotary vane pumps), geography (Asia, Europe, North America, and ROW), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Agilent Technologies Inc.
  • Atlas Copco AB
  • Ebara Corp.
  • Flowserve Corp.
  • IDEX Corp.
  • Ingersoll Rand Inc.
  • Labconco Corp.
  • Thermo Fisher Scientific Inc.
  • ULVAC Inc.
  • VACUUBRAND GMBH CO KG

 

The laboratory vacuum pumps market is fragmented and the vendors are deploying growth strategies such as offering innovative and quality products to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the increasing use of highly efficient dry vacuum pumps to achieve growth opportunities. However, factors such as rising demand for refurbished products will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the laboratory vacuum pumps market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This laboratory vacuum pumps market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Laboratory Vacuum Pumps Market: Key Drivers and Trends

  • The increasing initiatives by market vendors will fuel the growth of the laboratory vacuum pumps market size.
  • The stakeholders of the market are organizing workshops and seminars to increase awareness about newer laboratory vacuum pumps.
  • Workshops are being conducted globally to discuss and spread awareness regarding the efficacy levels of laboratory vacuum pumps.
  • The increase in workshops will transpire to increased awareness about laboratory vacuum pumps and contribute to higher market sales.
  • Vendors also showcase a range of videos and presentations on their website, highlighting the product capabilities and its prowess.
  • The above-mentioned factors are expected to increase their customer base and ensure customer loyalty. This trend is likely to continue and positively impact the laboratory vacuum pumps market in the future. 
  • The increasing use of highly efficient dry vacuum pumps is also driving the laboratory vacuum pumps market growth.
  • The highly efficient dry vacuum pumps provide a 40%-60% reduction in energy over conventional dry vacuum pumps, through a direct plug-in replacement.
  • The increased use of these pumps in a project leads to reduced operational costs and yields first-cost savings, by the downsizing of the central plant equipment and the electrical infrastructure.
  • The pumps also generate low noise and vibration, owing to the lower average rotational speeds. With noise reduction, the pump can also be placed close to the process, resulting in additional energy savings.
  • With the rising adoption of highly efficient dry vacuum pumps by the end-users such as semiconductor cleanroom facilities, laboratories, pharmaceutical, and biotech facilities, the market is expected to witness immense growth during the forecast period.

 

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Laboratory Vacuum Pumps Market: Segmentation by Geography

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43% of the market’s growth will originate from North America during the forecast period. The US is a key market for laboratory vacuum pumps in North America. However, market growth in this region will be slower than the growth of the market in Asia and Europe.

The significant investments in healthcare research and testing by the US will facilitate the laboratory vacuum pumps market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Laboratory Vacuum Pumps Market: Segmentation by Product

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Dry vacuum pumps are the most advanced and have numerous advantages when compared with conventional pumps. One of the prime advantages includes the non-requirement of oil, thus making it environmentally friendly. Also, dry vacuum pumps avoid the costs, including waste oil disposal and labor, direct costs of oil, as well as the time lost during an oil change. However, the laboratory vacuum pumps market share growth by the dry vacuum pumps segment will be slower than the rotary vane pumps segment.    

This report provides an accurate prediction of the contribution of all the segments to the growth of the laboratory vacuum pumps market size. Fetch actionable market insights on post COVID-19 impact on each segment.   

 

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Laboratory Vacuum Pumps Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive laboratory vacuum pumps market growth during the next five years
  • Precise estimation of the laboratory vacuum pumps market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the laboratory vacuum pumps industry across Asia, Europe, North America, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of laboratory vacuum pumps market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market Characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Dry vacuum pumps - Market size and forecast 2020-2025
    • Rotary vane pumps - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • Asia - Market size and forecast 2020-2025
    • ROW - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption
    • Competitive scenario

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Agilent Technologies Inc.
    • Atlas Copco AB
    • Ebara Corp.
    • Flowserve Corp.
    • IDEX Corp.
    • Ingersoll Rand Inc.
    • Labconco Corp.
    • Thermo Fisher Scientific Inc.
    • ULVAC Inc.
    • VACUUBRAND GMBH CO KG

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    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.

    INFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases

    DATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts

    REPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape

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    Key Questions Answered

    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?

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