Compressors and Vacuum Pumps: A Global Strategic Business Report
San Jose, CA (PRWEB) October 08, 2012
Follow us on LinkedIn – Compressors and vacuum pumps are indispensable powerful tools for modern industrial businesses. From powering equipment, machinery and power tools, to providing an emergency air supply system, compressors and vacuum pumps find ubiquitous applications in improving industrial processes in today’s modern world of technology. The market is characterized by cyclical demand patterns and technological innovations triggered by the competitive need to make quality enhancements.
Demand for compressors and vacuum pumps, which took a hurting blow during the 2007-2009 world economic recession, recovered in the years 2010 & 2011, triggered primarily by end-users stepping-up their budgetary outlays for innovative and specialized vacuum pump technologies. The period also witnessed increased demand for dry vacuum pumps in line with the growing concerns over process contamination during manufacturing of semiconductors, electronics, and chemical products. Other factors that encouraged growth during the period were resurgence in investments and rebound in production activities. Improving economic conditions additionally unleashed pent-up demand as hitherto postponed purchase decisions resurged to provide commercial opportunities.
With tough economic conditions being touted as the new normal, especially among the developed economies, which are now saddled with conditions likely to persist into the foreseeable future, consumers in key end-user markets will continue to make cautious capital investments. In other words, the fundamental structural change underway in the developed economies and the ensuing era of depressed GDP growth, federal austerity measures, capital raising constraints, and increased taxes will compel companies to do more with less and run leaner, meaner, more efficiently and cost effectively. Against this backdrop, increased focus will be shed on cost-effective and energy efficient compressor and vacuum pump solutions. Energy efficient vacuum pumps will witness especially wide adoption in the semiconductor end-use industry, given the fact that vacuum pumps represent as much as 25% of total fab energy consumption. With stricter environmental legislations being implemented and the rising cost of actions/activities that increase greenhouse gas emissions, companies will focus on greener solutions that help bring down the cost of environmental compliance.
For a market which pins future growth prospects on medium to long term health of the economy, the periodic flaring up of Europe’s financial problems is currently throwing the European compressor and vacuum pump market into a state of sustained uncertainty. With Europe now engulfed in a crisis of confidence, the scenario in itself is dragging down growth patterns. The aggressive de-leveraging of European banks as indicated by the slowdown in credit growth and the austerity measures being implemented already triggered volatility in domestic demand and industrial output in 2011. The year witnessed EUs industrial sentiment being torn between optimism and fear, as a result of the mixed signals which emanated from the volatile manufacturing data in Spain and Italy and the encouraging industrial performance in Germany. The European debt crisis and its induced volatility in the Index of Industrial Production (IIP), not surprisingly leaves the compressors and vacuum pumps market nervous over the future playout of the crisis. With numerous factors still continuing to threaten capital expenditure in manufacturing industries in debt affected economies, demand growth for compressors and vacuum pumps in the region is treading the tight rope.
Developing markets in Latin America, Asia, Africa and the Middle East are forecast to rise over the horizon as important regions driving future growth. Higher levels of industrialization, and resultant spike in manufacturing activities including petroleum, mining, food, electronics, construction, are triggering growth in these markets. Over the last decade, the BRIC (Brazil, Russia, India and China) countries emerged into the spotlight as the next group of emerging economies with the potential to offset the diminishing power of advanced economies. However, vigorous ferreting of opportunities in these markets have diminished the potential for manufacturers to achieve first mover advantages. The last decade of booming growth in BRIC countries have also resulted in these countries becoming more interconnected by trade to the developed economies and thus tend to mirror the slowdown effects of the developed economies. The future is now poised to witness a new group of countries rise to center stage as the next generation of tiger economies that are characterized by rapidly growing domestic consumption, rising middle class, cheap labor, and favorable demographics. Given the subtle shift in geopolitical power and standard of living from West to East, its opportunities galore in the CIVETS (comprising Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa) region.
As stated by the new market research report on Compressors and Vacuum Pumps, the US represents the largest regional market. Asia-Pacific remains the fastest growing regional market waxing at a CAGR of about 6.0% over the analysis period. Compressors market represents the largest product segment accounting for a lion’s of global dollar sales.
Key players in the global market include Agilent Technologies Inc., ATLAS COPCO AB, Bristol Compressors International, Inc., Busch, LLC, Edwards Limited, Embraco SA, Emerson Climate Technologies, Inc., Gardner Denver, Inc., Ingersoll-Rand Plc, Kaeser Kompressoren GmbH, Oerlikon Leybold Vacuum GmbH, Pfeiffer Vacuum GmbH, PIAB AB, Sanden Corporation, Sundyne Corporation, Tecumseh Products Company, and Toyota Industries Corporation, 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 (France, Germany, Italy, UK, Spain, Russia and Rest of 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).
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Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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