Compressors and Vacuum Pumps: A Global Strategic Business Report
San Jose, CA (Vocus) November 1, 2010
Demand for compressors and vacuum pumps is typically driven by growth in investments in key end-use application areas. The financial crisis led world economic recession crippled vital industries across the globe, such as, manufacturing, industrial, chemicals, petrochemicals, automotives, and energy generation, among others. For instance, demand for energy is closely tied to the level of economic activity and the recession not surprisingly has resulted in lowering consumption as major energy-consuming sectors such as manufacturing, automobiles and construction industries witnessed significant disruptions in business activities. Additionally, investments in power generation by energy utilities have been affected by the immense financing difficulties presented by the financial crisis. Poorer cash flow conditions for utilities and independent power generators resulted in years 2008 and 2009 witnessing several instances of project delays, postponements, cancellations, and cut backs in capital spending. All of these factors negatively impacted sales of compressors in the power generation end-use industry.
The automotive sector, one of the most critically wounded industries by the recession, also recorded steep falls in production and sales of new vehicles thus pushing sales of automotive compressors into the red. Reduced industrial, manufacturing and commercial activity elicited a parallel reduction in demand for compressors and vacuum pumps in the industrial processing and manufacturing sectors. Downturn in the semiconductor industry as a result of waning demand for chipsets caused by the slipping electronics market amid weak consumer demand for personal computers, cellphones, digital music players, cameras, among others, also exerted downward pressure on vacuum pumps, which play an indispensable role in semiconductor manufacturing processes. With all key end-use markets collapsing like a pack of cards, compressors and vacuum pumps market has been left hurting. Demand patterns registered signs of distress as order in-takes flattened out during the years 2008 and 2009.
In a world beyond the recession, continued and prolonged cutbacks on investments in compressors and vacuum pumps in core end-use sectors is seen as unlikely since the performance and efficient functioning of compressors and vacuum pumps in end-use industries like chemical/petrochemical processing, semiconductor and electronics manufacturing, is critical to product quality and production costs. In contrast, growth in the post recession period will be driven by end-users stepping-up their budgetary outlays for innovative and specialized vacuum pump technologies, such as, rotary and kinetic. Energy efficient vacuum pumps will especially score healthy gains in the semiconductor end-use industry, given the fact that vacuum pumps represent as much as 25% of total fab energy consumption.
Dry vacuum pumps will also grow in popularity given the growing concerns over process contamination during manufacturing of semiconductors, electronics, and chemical products. The semiconductor industry, although not likely to recover its explosive growth of the yesteryears, will nevertheless continue to evolve steadily resulting in newer applications and technology innovations, thus positively impacting vacuum pump sales in the foreseeable future. Improving economic conditions will additionally unleash pent-up demand as hitherto postponed purchase decisions resurge to provide commercial opportunities Projected increase in aftermarket services and parts, upgrades, revamps and replacements for aging installed base of machinery and equipment will also help sustain demand in the upcoming years.
As stated by the new market research report, US and Europe dominate the market, collectively accounting for a lion’s share of global revenues. 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 be crucial to the future growth of this market. Asia-Pacific remains the fastest growing regional market over the analysis period 2007-2015. Market for Liquid Ring Vacuum Pumps in Asia-Pacific is projected to reach US$30.7 million by the year 2015.
Key players in the global market include ATLAS COPCO AB, ABAC Aria Compressa SpA, Quincy Compressor, Alcatel Vacuum Technology, Bristol Compressors International Inc, Busch LLC, Edwards Limited, Embraco SA, Emerson Climate Technologies Inc, Gardner Denver Inc, Ingersoll-Rand Plc, Kaeser Kompressoren GmbH, Kaeser Compressors Inc, Oerlikon Leybold Vacuum Gmbh, Pfeiffer Vacuum GmbH, PIAB AB, Sanden Corporation, Sundyne Corporation, Tecumseh Products Company, Toyota Industries Corporation, Varian Inc, among others.
The research report titled “Compressors and Vacuum Pumps: A Global Strategic Business Report” announced by Global Industry Analysts, provides a comprehensive review of industry overview, market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The study provides market estimates and projections in (US$) for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America. Product markets 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). Major end use markets analyzed include Automotive, Chemicals, Industrial & Manufacturing, Oil Gas & Petrochemicals, and Semiconductors, among others.
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