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Global Laboratory Vacuum Pumps Market 2019-2023 | Increasing Initiatives by Market Vendors Impacting the Growth | Technavio

November 20, 2018

LONDON--(BUSINESS WIRE)--Nov 20, 2018--The global laboratory vacuum pumps market 2019-2023 is expected to post a CAGR of more than 4% during the forecast period, according to the latest market research report by .

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Technavio predicts the global laboratory vacuum pumps market to post a CAGR of more than 4% by 2023. (Graphic: Business Wire)

A key factor driving the growth of the market is increasing initiatives by market vendors. 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 efficiency levels of laboratory vacuum pumps. The increase in workshops will transpire to increased awareness about laboratory vacuum pumps and contribute to higher market sales. This trend is likely to continue and positively impact the global laboratory vacuum pumps market in the future.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increased application in laboratories and semiconductor processing as one of the key emerging trends in the global laboratory vacuum pumps market:

Global laboratory vacuum pumps market: Increased application in laboratories and semiconductor processing

The use of laboratory vacuum pumps is increasing to optimize performance across the range of applications, from mass spectroscopy to filtering, drying, degassing, distillation, gel dryers, and evaporation. Vacuum pumps are known to be effective tools in a laboratory, which helps in decreasing the filtration times through high-power vacuum suction. To support the numerous applications, lightweight pumps are designed to offer easy maneuverability. This has further resulted in high flow rates, thereby increasing pumping speeds and reducing operation times.

“For chemical vapor deposition, the dry pump is used to handle the generation of powder as a by-product from the processes. The pump is designed to handle the powder without seizing. Semiconductor manufacturing makes use of laboratory vacuum pumps for gas abatement in a PVD process tool, which also includes atomic layer deposition (ALD) or CVD chambers. Similarly, diffusion, epitaxy, and ALD processes form an essential part of advanced semiconductor devices. With the rising applications in the semiconductor industry, the adoption of laboratory vacuum pumps will increase during the forecast period,” says a senior analyst at Technavio.

Global laboratory vacuum pumps market: Segmentation analysis

This market research report segments the global laboratory vacuum pumps market by product (dry vacuum pumps and rotary vane pumps) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2018 with a market share of more than 47%, followed by EMEA and APAC respectively. The Americas dominates the market owning to early product penetration in the region.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181120005029/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR MANUFACTURING ENGINEERING RESEARCH SCIENCE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/20/2018 11:31 AM/DISC: 11/20/2018 11:31 AM

http://www.businesswire.com/news/home/20181120005029/en

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