San Jose, California (PRWEB) December 3, 2007
World Compressors and Vacuum Pumps market is forecast to maintain a CAGR of 5.61% over the 2003-2012 analysis period and exceed US$11.8 billion by 2012. Compressors dominate the global market for Compressors and Vacuum Pumps, with a share estimated at 75.3% in 2007. In terms of growth, however, Vacuum Pumps segment is forecast to surpass Compressors, with a projected CAGR of 6.48% over 2003-2012. Segmentation covered in the report encompasses 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).
Some of the important end use markets for compressors and vacuum pumps are marked by drastic cyclical trends over a period of time. During the positive phase of the industry cycle, an increase in the end user productivity can result in enhanced investments in compressors, thereby improving and accelerating the production process.
The North American compressors market is expected to gain from the upsurge in capacity enhancements and initiation of new electricity generation plants. It is expected that by 2010, the US market would witness the instigation of nearly sixteen plants. The demand for new compressors will increase with the installation of these systems in new power generation units.
Recently, manufacturers are innovating on enhancing the product quality and minimizing squandering expenditure to meet the product requirements of end-users. In addition, they are offering variable speed drive (VSD) compressors to impinge on the fluctuations associated with compressed air demand. VSD compressors offers high energy savings as compared to standard compressors, and it is expected that the energy savings can pool up to an amount that is equal to the compressor cost, within a period of 90 days to three years of functioning, based on the product application.
Escalating power prices and dwindling fuel supply are emerging as the main driving forces behind the keen interest and demand spurt in the global compressors and vacuum pumps market. With multinational companies now turning towards natural gas extraction, vacuum pumps and compressors market is bound to receive a major boost. Natural gas extraction and transportation applications are believed to be the future of this market the world over, with particular reference to the US market.
Major companies covered include ATLAS COPCO AB, Alcatel Vacuum Technology, ABAC Aria Compressa SpA, Bristol Compressors International, Inc., Busch, Inc, BOC Edwards, Emerson Climate Technologies, Inc., Embraco SA, Gardner Denver, Inc., Ingersoll-Rand Co., Ltd, Kaeser Kompressoren GmbH, Oerlikon Leybold Vacuum GmbH, Pfeiffer Vacuum GmbH, PIAB AB, Sundyne Corporation, Sanden Corporation, Tecumseh Products Company, Toyota Industries Corporation and Visteon Corporation.
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