Global Vacuum Pump (Rotary, Reciprocating) Market Outlook to 2023: Expected to Reach $3.06 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 17, 2018--The “Global Vacuum Pump Market - Segmented by Type (Rotary, Reciprocating), End User and Region - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
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.
Key HighlightsIncreasing Focus on Set-up and Cost Minimization with Dry Vacuum Pumps Oil & Gas Industry held the Largest Share of the Market in 2017 Middle-East & Africa expected to Witness the Fastest Growth during the Forecast Period
Companies MentionedGardner Denver Inc. Atlas Copco Group SIHI Group BV Busch Pumps and Systems Pfeiffer Vacuum GmbH ULVAC Technologies Graham Corporation Tuthill Corporation Becker Pumps Corporation Ebara Corporation Dekker Vacuum Technologies Inc. Tsurumi Manufacturing Co. Ltd
Key Topics Covered
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Vaccum Pump Market-Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future of the Global Vaccum Pumps Market
For more information about this report visit https://www.researchandmarkets.com/research/sqck2p/global_vacuum?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005723/en/
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SOURCE: Research and Markets
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PUB: 05/17/2018 08:43 AM/DISC: 05/17/2018 08:43 AM