Vacuum Ejectors Market to Cross $ 980 Million by 2021: TechSci Research Report
NEW YORK, November 10, 2016 /PRNewswire/ --
Increasing Investment in Process Industries Along With Growing Adoption of Vacuum Ejectors in Semiconductor Industry to Drive Demand for Vacuum Ejectors Globally Through 2021
According to the recently published TechSci Research report "Global Vacuum Ejectors Market By Type, By Application, By Region, Competition Forecast and Opportunities, 2011-2021", global vacuum ejectors is projected to grow at a CAGR of 3.71% during 2016-2021. Vacuum ejectors are used to eject gases and vapors from a system to create vacuum. On account of rapid urbanisation and industrialisation, Asia Pacific accounted for the largest share in the global vacuum ejectors. In addition, increasing demand for electronic products coupled with expansion in oil refining industry in Asia-pacific region resulted in augmented demand for vacuum ejectors in the region. Moreover, emerging applications of vacuum ejectors in pharmaceutical, analytical and medical industry, etc., is expected to further bolster the demand for vacuum ejectors in Asia Pacific over the next five years. SMC Corporation, Gardener Denver Inc., J. Schmalz GmbH, Piab AB are few of the leading players operating in the global vacuum ejectors market. Few of the other leading players operating in the vacuum ejectors market, globally, are Osaka Vacuum, Ltd., AB Progetti, Jet Vacuum Systems Pvt. Ltd., Körting Hannover AG, etc.
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Browse 9 market data Tables and 107 Figures spread through 189 Pages and an in-depth TOC on
"Global Vacuum Ejectors Market "
In addition, expanding application segments such as consumer electronics, industrial and process industry, refining, food packaging industry, etc., across the globe, are expected to steer the vacuum ejectors market, globally. Vacuum ejector manufacturers are widening their base in developing countries through merger and acquisitions in order to capitalize on the growing demand for ejectors in those regions. On account of consumer electronics industry being the largest application segment, with increasing sales of electronic items, demand for vacuum ejectors is also expected to increase. Emerging economies such as China and India are anticipated to witness strong demand for vacuum ejectors, during 2016-2021. In spite of market for vacuum ejectors in North America nearing maturity, the region still accounts for a considerable share in the global vacuum ejectors market on the back of constant development in semiconductor industry in conjugation with transformation in chip design and advancement in semiconductor manufacturing sector. Market for single-stage vacuum ejectors holds the largest share in the vacuum ejectors market, globally, and is expected to continue dominating on account increasing application of vacuum ejectors for decarbonizing brewery water, creating chemical process vacuum, degassing of molten steel, distillation, water treatment by degasifying, etc.
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"During 2010-2014, semiconductor industry in China witnessed growth at a CAGR of 19.35% on the back of steep increase in demand for vacuum ejectors for application in data processing and communications industry. Such change is expected to influence the demand for vacuum ejector across the globe. Additionally, continuous enhancements and modifications in vacuum ejectors by well-established players in China such as Graham Vacuum and Heat Transfer Technology Co., Ltd., Hangzhou Vacuum Equipment Co., Ltd., GEA Process Engineering (China) Ltd., would result in augmented demand for vacuum ejector across various industries, worldwide" said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.
"Global Vacuum Ejectors Market By Type, By Application, By Region, Competition Forecast and Opportunities, 2011-2021" has analyzed the potential of the vacuum ejectors market and provides statistics and information on market size, share and growth forecast. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges in the global vacuum ejectors market.
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