NEW YORK, June 1, 2016 /PRNewswire/ --
Rising Government Spending in Semiconductor Sector Coupled With Growing Adoption of Vacuum Technology in the Process Industries to Drive the Demand for Vacuum Pumps Globally Through 2021
According to recently released TechSci Research report, "Global Vacuum Pumps Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021", the growing demand from major end user applications such as oil & gas, semiconductors, and other industrial and process industries is forecast to drive sales of vacuum pumps till 2021. In the semiconductor industry, these pumps are largely used in wafer fabrication and materials production. The global semiconductor equipment market was valued at about USD37.5 billion in 2014. Anticipated growth in the semiconductor equipment market over the next five years is expected to drive demand for vacuum pumps, globally, through 2021.
Browse 15 market data Tables and 82 Figures spread through 183 Pages and an in-depth TOC on
"Global Vacuum Pumps Market"
Asia-Pacific region accounts for the largest share in global vacuum pumps market, owing to strong demand from semiconductor application as well as coatings industry in this region. Continuing growth in Asia-Pacific semiconductor as well as coatings market during 2016-2021 is anticipated to drive growth in global vacuum pumps market. China, Japan, South Korea and Taiwan are the major markets for semiconductor material and equipment in Asia-Pacific region. These countries collectively accounted for around two-thirds of the share in the semiconductor material and semiconductor equipment sales, globally, in 2014. However, demand for vacuum pumps is forecast to witness highest growth in Middle East and African markets during next five years. In North America, demand for vacuum pumps is expected to be driven by fast growing markets, such as United States, Mexico, Canada, etc. Gardner Denver, Atlas Copco, Pfeiffer Vacuum Technology AG, ULVAC Technologies, Inc., Dr.-Ing. K. Busch GmbH are some of the prominent global vacuum pumps manufacturers.
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"Demand for dry vacuum pumps is expected to exhibit the fastest growth over the next five years, owing to their increasing application in oil & gas and chemicals industries. Dry vacuum pumps do not require any lubrication, offer clean pumping solutions and are highly efficient. Consequently, their demand is increasing at a faster rate compared to liquid ring and rotary vane pumps, globally", said Mr. Rishi Srivastava, Consultant with TechSci Research, a research based global management consulting firm.
"Global Vacuum Pumps Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of vacuum pump market and provides statistics and information on market size, market share and growth forecasts. The report includes vacuum pumps market projection and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities existing in global vacuum pump market.
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