Global Compressors and Vacuum Pumps Market is Projected to Reach US$13.8 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Compressors and Vacuum Pumps market. Despite witnessing a temporary deceleration in growth in the recent years, primarily due to the recent global economic recession, the world market for compressors and vacuum pumps is expected to recover poise and gain steady momentum in the short to medium term period to reach US$13.8 billion by 2015. This projected growth in the market will be primarily driven by the replacement demand and product innovations from vendors.

Compressors and Vacuum Pumps: A Global Strategic Business Report

Thanks to industrialization and subsequent increase in manufacturing activity, the demand for general industrial machinery such as compressors and vacuum pumps has increased considerably over the years. Given their role as key energy suppliers to various industrial and research locations, and considering their utility in changing atmospheric conditions to create a conducive environment for system processes, compressors and vacuum pumps have become highly crucial investments in industrial infrastructure. The demand for compressors and vacuum pumps has traditionally been driven by investments from end-use industries such as petrochemicals, chemicals, power generation and energy. However, the prolonged world economic recession is beginning to take its toll on the industry, with demand patterns showing signs of distress, and modest growth, of late. The global economic downturn forced a considerable decline in demand and prices for gas and oil, which in turn reduced the order intake for compressors and vacuum pumps in both aftermarket and new equipment market over the last few years.

Despite this temporary damper cast by the recession, market still remains optimistic about future prospects, and projects an encouraging outlook for the upcoming years. Growth in the compressors and vacuum pumps market over the next few years will be driven by factors such as revival of key end-use markets and the subsequent rise in demand for energy and natural gas, projected increase in aftermarket services and parts, upgrades, revamps and replacements for aging installed base of machinery and equipment, and innovation from vendors. Brand name recognition, breadth and depth of product offerings, performance, features & functionalities of products offered, integration with larger product solution, price, marketing and sales efforts, and after-sales customer support service will also be crucial to the future growth of this market. Aware of the downward pricing pressure, which is expected to escalate in near-term, manufacturers are fast introducing novelty in their product offerings, by launching products, which are rich in features, and unrivalled in their functionality, reliability, ease-of use, and cost effectiveness. Such product innovations will also drive substantial demand in the market over the next few years.

As stated by the new market research report on global compressors and vacuum pumps market, the compressors market continues to remain the largest segment, thanks to the substantial contribution from positive displacement compressors, while vacuum pumps market will be the fastest growing segment, displaying a CAGR of 6.55% over the analysis period 2007-2015. Although the US and Europe dominate the overall market, collectively accounting for more than 82.9% share in the total revenue generated for 2009, Asia-Pacific remains the fastest growing regional market, displaying a CAGR of 5.65% over the analysis period 2007-2015.

Key players in the global market include ATLAS COPCO AB, ABAC Aria Compressa SpA, Quincy Compressor, Alcatel Vacuum Technology, Bristol Compressors International Inc, Busch LLC, Edwards Limited, Embraco SA, Emerson Climate Technologies Inc, Gardner Denver Inc, Ingersoll-Rand Plc, Kaeser Kompressoren GmbH, Kaeser Compressors Inc, Oerlikon Leybold Vacuum Gmbh, Pfeiffer Vacuum GmbH, PIAB AB, Sanden Corporation, Sundyne Corporation, Tecumseh Products Company, Toyota Industries Corporation, and Varian Inc, among others.

The report titled “Compressors and Vacuum Pumps: A Global Strategic Business Report” published by Global Industry Analysts, provides a review of industry overview, product overview, product introductions, and profiles of major players. The report provides a recapitulation of recent mergers and acquisitions, and high profile corporate developments. The report analyzes market data and provides analytics in value for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America. Segments analyzed include Compressors (Positive Displacement Compressors, and Dynamic Compressors) and Vacuum Pumps (Rotary Vacuum Pumps, Liquid Ring Vacuum Pumps, Diaphragm Vacuum Pumps, Diffusion Vacuum Pumps, Cryogenic Vacuum Pumps and Turbomolecular Vacuum Pumps). The report also analyzes world market data and provides analytics in value for major end use markets such as – Automotive, Chemicals, Industrial & Manufacturing, Oil Gas & Petrochemicals, and Other Industries for Compressors market; and Semiconductors, Chemicals, Industrial Processes and Other Industries for Vacuum Pumps.

For more details about this research report, please visit
http://www.strategyr.com/Compressors_And_Vacuum_Pumps_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com

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