Industrial Vacuum Pump Market Growth to 2020 Driven by Semiconductor, Pharma and Biotechnology Industries
PUNE, India, June 20, 2016 /PRNewswire/ --
APAC dominated the global industrial vacuum pump market by accounting for 44% of the market share, while demand for vacuum packaging machinery is mainly prevalent in North America, especially the US, Canada, and Mexico. Industrial vacuum pump market growth is seeing a key driver in the rising demand for the packaging industry. Even though there are other flexible package forms that allow reduction in volume of the contents, thereby making the package more compact. Reduction of the residual oxygen content in the package restricts the growth of aerobic bacteria, thus extending the shelf life of the product by 5-10 years.
Complete report on industrial vacuum pump market spread across 62 pages, analyzing 5 major companies and providing 29 data exhibits is now available at http://www.reportsnreports.com/reports/586264-global-industrial-vacuum-pump-market-2016-2020.html.
The analysts forecast global industrial vacuum pump market to grow at a CAGR of 5.22% during the period 2016-2020. A trend that will boost industrial vacuum pump market growth is the rising demand from the pharmaceutical and biotech industries. In both, the pharmaceutical and the biotechnology sectors, considerable effort goes into effectively controlling contamination from various sources that include people, raw materials, finished products, process plant and equipment, and accommodating-services. This is vital because even an infinitesimal amount of contamination will affect the efficacy of the end-product. Further, R&D in pharmaceutical and biotechnology sectors plays a very important role, covering a wide range of areas that include biopharmaceuticals, toxicology, forensic, metabolic, clinical, and diagnostics.
There is a growth in demand for power worldwide that is leading to widespread expansion of activities in all regions. These expansion activities in the power industry will drive the demand for industrial vacuum pumps globally. Besides the usage in the power industry, demand in the global industrial vacuum pump market is positively affected by the growth of the oil and gas, food processing, chemical processing, and the semiconductor manufacturing industries
The global semiconductors market is projected to grow at a CAGR of over 6% during the forecast period and exceed USD 510 billion by 2020. A semiconductor manufacturing unit, also known as a fab or foundry, holds major significance for the microelectronics industry, as it is the place where devices central to microelectronics such as ICs (integrated circuits) are manufactured. The global biotechnology industry is expected to exceed USD 472 billion by 2020, growing at a CAGR of close to 9%. The pharmaceutical and biotechnology sectors are important end-users of industrial vacuum pumps, contributing to the growth of the global industrial vacuum pump market in a substantial manner.
The following companies are the key players in the global industrial vacuum pump market: Atlas Copco, Gardner Denver, Pfeiffer Vacuum, Tuthill, and Ulvac. Other prominent vendors in the market are: Oerlikon, DEKKER Vacuum Technologies, Dr. Ing. K. Busch, Ebara, Gast Manufacturing - IDEX, Gebr. Becker, Graham, KNF Neuberger, PPI Pumps, Tsurumi Manufacturing and Vooner FloGard. Order a copy of Global Industrial Vacuum Pump Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=586264.
Global Industrial Vacuum Pump Market 2016-2020, 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. The report covers the present scenario and the growth prospects of the global industrial vacuum pump market for 2016-2020.
Another related report is Global Intrathecal Pumps Market 2016-2020, analysts forecast global intrathecal pumps market to grow at a CAGR of 4.27% during the period 2016-2020. An important trend which will have a big impact on market growth is the expanding application of intathecal pumps and the ability to customize medication doses. There has been a growing usage of intrathecal pumps worldwide. The use of intrathecal medication has emerged as a feasible option for the long-term treatment of cancer-related pain. Browse complete report @ http://www.reportsnreports.com/reports/567371-global-intrathecal-pumps-market-2016-2020.html.
Explore other new reports on manufacturing & construction Market @ http://www.reportsnreports.com/market-research/manufacturing/.
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