Vacuum Pumps Market Share by Manufacturers, Trends and Distributor Analysis to 2022 Forecast
Global Vacuum Pumps Market is expected to grow at a significant CAGR in the upcoming years
as the scope and its applications are rising enormously across the globe. A
vacuum pump is a device used for creating, maintaining a vacuum i.e.
surrounding in which the pressure is below atmospheric pressure. It consists of
an eccentrically mounted impeller with lamellas. These pumps are exclusively
used in an industrial setting and to process semiconductors.
Vacuum Pumps Market is segmented based
on product types, applications, and region. Product types such as Rotary Vane
Vacuum Pump, Dry Vacuum Pumps, Liquid Ring Vacuum Pump, Turbo Molecular Vacuum
Pumps, and others classify Vacuum Pumps Industry. The liquid ring vacuum pump
and dry vacuum pumps segment account for the majority market share of Vacuum
Pumps Market. The reason being, rising applications in semiconductor industry,
pulp and paper, and oil and gas industries.
Applications in Semiconductor &
Electronics, Industrial and Manufacturing, Chemical Processing, and others
classify Vacuum Pumps Market. The semiconductor & electronics segment
accounts for the largest market share of Vacuum Pumps Industry. The reason
being, increasing consumption of smartphones and tablets.
Vacuum Pumps Market is segmented
geographically Americas (North America, Latin America), Europe (Eastern Europe,
Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally,
North America and Asia Pacific accounts for the largest market share of
industry and is estimated to lead the overall market in the years to come. The
United States and China are the major consumers of Vacuum Pumps Market. The reason being, huge domestic production base chemical,
semiconductors, and oil & gas, and presence of paper and pulp industry.
The key players of Vacuum Pumps Market
are Wenling Tingwei, Gardner Denver, Value Specializes, Pfeiffer Vacuum, PPI
Pumps, ULVAC, Samson Pump, Atlas Copco, Cutes Corp., Tuthill, Sterling SIHI,
Graham, Ebara, Dekker, Tsurumi Manufacturing, Gebr. Becker, KNF Neuberger, Gast
(IDEX), and Busch Vacuum. These players are concentrating on inorganic growth
to sustain themselves amongst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
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