Compressors and Vacuum Pumps: A Global Strategic Business Report
San Jose, CA (PRWEB) July 25, 2007
Development of infrastructure for extraction, processing and transportation of natural gas is expected to propel the world demand for compressors and vacuum pumps. Technology developments coupled with manufacturer' efforts to enhance product quality is helping kindle demand patterns, given the growing emphasis placed by end-use industries on efficient products, which meet legislative, technical, and performance requirements. Growing levels of industrialization in developing countries in Eastern Europe, Asia-Pacific, Latin America, and Middle East, are churning out lucrative business opportunities. Compressors and vacuum pumps market in Asia-Pacific is poised to rise by US$89.64 million between the period 2007 to 2010. While in Latin America, the market value, between the period 2007 to 2010, is expected to rise by 16.39%. In Europe, Germany, and the United Kingdom represent the two largest individual markets cornering over 55% of the total European market for compressors and vacuum pumps. France, and Italy, the two other robustly growing markets, in addition to Germany, and the United Kingdom, are together expected to reach US$917.47 million by the year 2010.
The industry has come a long way from the year 1991, when global sales of compressors and vacuum pumps generated US$3.73 billion in revenues. By the year 2003, the figure doubled to reach US$6.85 billion. As stated by the recent report published by Global Industry Analysts, Inc., compressors is the largest product market followed by vacuum pumps. Demand for compressors in Asia-Pacific, Europe, and the United States, is expected to grow at rates ranging between 5% to 6%, over the analysis period of 2001 through 2010. Positive Displacement Compressors, the largest and the mature product category within the compressors market, is expected to witness tapering demand, while the emerging dynamic compressors market is expected to post robust growth in the upcoming years. The widespread use of dynamic compressors in the power generation industry and the oil and gas industry, together, is expected help the market rise by US$345.65 million between the period 2007 to 2010. Rotary vacuum pumps market represents the fastest growing product market, within the vacuum pumps market. Growing at a CAGR of 9.66%, sales of rotary vacuum pumps are projected to reach US$1.45 billion by the year 2010. Liquid ring vacuum pumps market, another product sub-segment of vacuum pumps, is forecast to grow at a CAGR of 3.9% over the analysis period.
Leading global and regional players operating in the industry include Toyota Industries Corporation, BOC Edward, Sanden Corporation, Visteon Corporation, Busch Inc, Pfeiffer Vacuum GmbH, Alcatel Vacuum Technology, Bristol Compressors International Inc., Emerson Climate Technologies Inc., Sundyne Corporation, Tecumseh Products Company, Oerlikon Leybold Vacuum Gmbh, Ingersoll-Rand Co. Ltd, and Kaeser Kompressoren GmbH, among others.
The report titled "Compressors and Vacuum Pumps: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of product trends, technology developments, end-use industry overview, market drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key product segments. Product markets analyzed in the report include Compressors (Positive Displacement Compressors, Dynamic Type Compressors), Vacuum Pumps (Rotary Vacuum Pumps, Liquid Ring Vacuum Pumps, and Diaphragm Vacuum Pumps). Latent demand patterns in product markets are quantified across major geographic market verticals including United States, Canada, Japan, France, Germany, Italy, United Kingdom, Spain, Russia, Asia-Pacific, Latin America, and Middle East. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit http://www.strategyr.com/MCP-1146.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.
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