Kinetic Vacuum Pump Market Segment To Exceed USD 3 Billion By 2025
SELBYVILLE, Del., July 9, 2018 /PRNewswire-iReach/ -- China Vacuum Pump Market value will likely cross USD 2 billion in 2025, witnessing growth with around 7% CAGR. Large presence of chemical and electronics manufacturing companies in the country will boost the regional market through the forecast years. The country also enjoys the presence of several small vacuum pump manufacturers with focus on low cost product development for local end-users.
Global Vacuum Pump Market size will surpass USD 6.5 billion by 2025. Chemical manufacturing and processing industry growth is a major influencing factor for the vacuum pump sales. Global chemical market will reach close to USD 5.5 Trillion in 2025, with a bulk share accounted by China-dominated Asia Pacific region. China accounted for close to a quarter of the global chemical consumption and will continue to hold sway over the forecast period with the presence of several small and medium scale enterprises catering to the local demand.
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Rebounding of the petrochemical sector after the fallout earlier this decade will also signify the vacuum pump market in the coming few years. These products have versatile applications throughout the upstream, midstream, and downstream oil & gas industry. These applications include oil & gas recovery, field gas boosting, vacuum reactors, etc. With the increase in the crude oil prices, the U.S. oil & gas companies are responding fast by increasing the expenditure in drilling activities. The quick recovery of the country's shale oil producers after 2014 will also signify the developments in the industry, which will further propel the vacuum pump demand over the forecast period.
Vacuum pump market has been segmented, based on lubrication, into dry and wet types. Wet vacuum pumps include water as well as oil lubricated machines and are capable of providing higher pumping speeds than the dry types. This segment will witness growth with a CAGR of around 6% from 2018 to 2025.
Based on vacuum pump technology, the market is classified into gas capture/binding, and gas transfer types. Gas transfer products are further classified into kinetic and positive displacement types. Kinetic pumps segment will witness healthy growth, crossing USD 3 billion in 2025. Gas capture/binding products will generate more than USD 1 billion annually by the conclusion of the forecast span.
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Key vacuum pump market players include Busch, Atlas Copco, Becker, Gardner Denver, Pfeiffer, Ebara, ULVAC, Shimadzu, Agilent, DEKKER, Kashiyama, and KNF Neuberger.
Some Chapter from Report table of Contents:
Chapter 2. Executive Summary
2.1. Vacuum pump industry 360° synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Lubrication trends
2.1.3. Technology trends
2.1.4. Product by end-user trends
2.1.5. End-user trends
2.1.6. Regional trends
Chapter 3. Vacuum Pump Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Profit margin analysis
3.3.2. Value addition at each stage
3.3.3. Distribution channel analysis
3.3.4. After sales service
3.3.5. Vendor matrix
3.3.5.1. List of key manufacturers/suppliers
3.3.5.2. List of key/potential customers
3.3.5.3. List of key service providers
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3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology trends
3.4.3. Comparison of equipment
3.4.4. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global drivers
3.5.1.1.1. Significant developments in the global semiconductor & electronics sector
3.5.1.2. Regional drivers
3.5.1.2.1. Rising chemical manufacturing in Asia Pacific and Latin America
3.5.1.2.2. Pharmaceutical industry growth in North America and Europe
3.5.1.2.3. Increasing oil & gas exploration activities in North America
3.5.2. Industry pitfalls & challenges
3.5.2.1. Maintenance and operational costs involved with vacuum pump application
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. Asia Pacific
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
3.8.1.1. R&D cost
3.8.1.2. Manufacturing & equipment cost
3.8.1.3. Raw material cost
3.8.1.4. Distribution cost
3.8.1.5. Operating cost
3.8.1.6. Miscellaneous cost
3.8.2. Price by lubrication
3.8.3. Price by technology
3.8.4. Price by product
3.8.5. Price by end-user
3.9. Competitive landscape, 2017
3.9.1. Company market share analysis, 2017
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategy dashboard
3.10. Porter's analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
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