Selbyville, Delaware, June 26, 2018 (GLOBE NEWSWIRE) --
Vacuum Pump Market size is slated to reach USD 6.5 billion by 2025; according to a new research report by Global Market Insights, Inc. 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 billion 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. Industrially emerging nations such as India, Indonesia, Thailand, etc. also offer a promising future to the chemical industry growth. Requirement of clean and dry reaction chambers for critical applications will boost the regional vacuum pump market demand throughout the forecast years.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2667
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.
Browse key industry insights spread across 305 pages with 515 market data tables & 27 figures & charts from the report, “Vacuum Pump Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/vacuum-pump-market
Medium vacuum pumps will dominate the overall industry in terms of revenue, accounting for over USD 2.5 billion in 2025. The typical ultimate pressure range of this product class lies between 100 to 10-1 Pascals and is extensively used in oil & gas and chemical industries.
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.
Key vacuum pump market players include Busch, Atlas Copco, Becker, Gardner Denver, Pfeiffer, Ebara, ULVAC, Shimadzu, Agilent, DEKKER, Kashiyama, and KNF Neuberger.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2667
Browse Related Reports:
Helical Screw Blowers Market Report 2018-2024
Helical Screw Blowers Market size was over USD 785 million in 2017, with projected gains close to 6% CAGR between 2018 and 2024. Growing need for highly efficient industrial products as demanded by the ongoing revolutionized industry 4.0 will propel the screw blowers market size in the near future.
https://www.gminsights.com/industry-analysis/helical-screw-blowers-market
Oil-Free Air Compressor Market Forecast, 2018 – 2024
Global Oil-free Air Compressor Market size was estimated over USD 11 billion in 2017 and will exhibit growth of over 4% up to 2024. The flourishing global oil-free air compressor market is set to grow throughout the forecast spell owing to increasing energy efficient, compact and portable mechanisms driving the industry.
https://www.gminsights.com/industry-analysis/oil-free-air-compressor-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.