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Vacuum Pump Market Size, Share, Industry Analysis By Future Demand, Top Players, Size, Share, Opportunities, Revenue and Growth Rate Through 2023
Posted on May 5 2021 9:01 AM
"Vacuum Pump Market Research Report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. the global Vacuum Pump Market revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period with Forecast Period 2021-2023.
Global Vacuum Pump Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Vacuum Pump Market Research Report is highly research-intensive, powered by high R & D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Vacuum Pump Market report offers a comprehensive view regarding the competitive landscape of the Vacuum Pump market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R & D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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The global vacuum pump market was valued at USD 2.16 billion in 2017, and is expected to reach a value of USD 3.06 billion by 2023, recording a CAGR of 5.9% over the forecast period (2018 - 2023).
Vacuum pumps are witnessing substantial demand from various end-user verticals, as the operations involved in these verticals are extremely susceptible to corrosion, due to constant exposure to several harsh environments, emphasizing the need for vacuum pumps to comply with various industry regulations.
The vacuum pump market has currently reached a level of maturity in the developed regions, which has made many market incumbents expand their geographical presence, by moving toward the developing economies to capitalize on the untapped potential in these markets.
There has been a considerable rise in the number of small-scale vacuum pumps manufacturing players setting up shops in the developing regions during the recent past, as they combine with OEMs across the borders to manufacture low-cost pumps for use in the end-user industries.
The demand for retrofitting is much higher than new installations, as the vacuum pumps have now become an integral part of the manufacturing equipment across a majority of end-user verticals.
Increasing Focus on Set-up and Cost Minimization with Dry Vacuum Pumps
Regarding maintenance, dry pumps typically need a check-up after every 4 to 5 years, due to the absence of touching parts, thus, increasing the product life. Latest generation dry pumps that utilize energy-efficient motors integrated into the pump offer a better energy footprint in normal operation, as compared to oil-sealed pumps, thus, increasing their efficiency. Additionally, a stand-by mode in dry vacuum pumps offers additional energy savings and an extension of bearing life/service intervals.
Also, dry vacuum pumps offer superior performance. In many cases, process elements have an adverse effect on the performance of the pump by extending the pump downtime of oil-sealed pumps.
Oil & Gas Industry held the Largest Share of the Market in 2017
Vacuum pumps find various applications in the oil & gas industry, in all areas of exploration, extraction, refinement, and distribution. The global oil & gas industry remains unpredictable, with instabilities in the crude oil prices. This instability has been directly impacting the demand for pumps from the industry, thus, challenging its growth. Also, the depressed upstream investments in the current scenario of low crude oil prices are also affecting the growth of vacuum pumps in this industry.
Middle-East & Africa expected to Witness the Fastest Growth during the Forecast Period
Middle East has been leveraging the benefits of increase in the global oil demand. However, a series of factors are currently showing an adverse impact on the economy in this region. Consequently, countries, such as Saudi Arabia and Iraq, are cutting down oil production, in compliance with the recent oil deal, which has been dramatically impacting the growth among oil-exporting countries, and which, may slow down the market for vacuum pumps. While the landmark agreement boosted oil prices by the end of 2016, other key producers are increasing shale oil production. Iran is expected to emerge as a major player, as the country is leveraging its return to the international markets.
On the other end, Saudi Arabia is expected to perform poorly, as it is responsible for the major share of the oil reduction under the OPEC agreement.
Key Developments in the Market
September 2017 - Atlas Copco, acquired the operating assets of C.H. Spencer & Company Co., a US distributor and service provider of industrial compressors, pumps, and related products.
February 2017 - Gardner Denver provided clean and efficient solutions for Popular German Brewer. The FrÃ¼h brewery is known for its KÃ¶lsch beer that is sold worldwide. The compressed air specialists at Hermann MÃ¶nnichs GmbH recommended a regulated-speed CompAir, PureAir machine to work with the brewery's piston compressor from the Champion series to achieve the high-hygiene standards required by the brewery.
Major Players:GARDNER DENVER INC., ATLAS COPCO GROUP, SIHI GROUP BV, BUSCH PUMPS AND SYSTEMS, PFEIFFER VACUUM GMBH, AND ULVAC TECHNOLOGIES, among others.
Reasons to Purchase this Report
The report provides key information on the factors driving and challenging the growth of the vacuum pump market
The report provides a well-rounded perspective of the various technologies and different types of vacuum pumps models, such as dry compressing and liquid sealed pumps.
Provides various insights about the applications and trends of vacuum pumps in various industry verticals, such as semiconductors, oil & gas, and food & beverage.
Provides detailed analysis on geographical trends, with market forecast projected up to 2023.
Information about the top 12 vendors, along with business strategies and analyst view.
3 months of analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Vacuum Pump Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Vacuum Pump.
Regional Market Analysis:
The Vacuum Pump Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Vacuum Pump Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Growing research activities coupled with new product launches.
- For a full, detailed list, view our report
- High Opportunity in the Industry
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- Complications associated with Vacuum Pump procedures.
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Key Attentions of Vacuum Pump Market Report:
- The report offers a comprehensive and broad perspective on the global Vacuum Pump market.
- The market statistics represented in different Vacuum Pump segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Vacuum Pump are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Vacuum Pump.
- Major stakeholders, top companies Vacuum Pump, investment feasibility and new market entrants study is offered.
- Development scope of Vacuum Pump in each market segment is covered in this report. The macro and micro-economic factors affecting the Vacuum Pump market
- Advancement is elaborated in this report. The upstream and downstream components of Vacuum Pump and a comprehensive value chain are explained.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
6.2.2 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
6.2.4 South America
18.104.22.168 Rest of South America
6.2.5 Middle East & Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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