Published on : Mar 09, 2018
Albany, New York, March 9, 2018: A laboratory vacuum pump is an adaptable tool that can aid a wide diversity of research scientists and engineers. Presently, various innovative products are being launched steadily to ideally meet the manufacturing and research practices of diverse industries that rely on vacuum systems, this as a result creating higher revenues for the global market for laboratory vacuum pumps. Market Research Hub (MRH) has freshly publicized a study titled “Laboratory Vacuum Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025” to its vast repository, which works to enlighten the readers about the major factors prompting the growth of the concerned market. As per the active research evaluations, the demand in the global laboratory vacuum pump market is projected to expand at a CAGR of 4.8% during the forecast period of 2017 to 2025.
4 Major Key Insights from the Study
- One of the major fact about the laboratory vacuum pumps is that it has gained consistent demand by a number of industries pertaining to biotechnology, semiconductor, pharmaceutical, chemical, power, oil and gas, and others. These industries utilize vacuum pumps for various applications that require pressure creation and filtration. In terms of volume, it has been estimated that more than 4.5 million laboratory vacuum pumps would be required across the world, which will ensure a prosperous foreseeable future for the global vacuum pump market.
- Moreover, this systematic research report covers various segments of global laboratory vacuum pump market on the basis of product type analysis and regional analysis. The research report also includes forecast analysis for a period of eight years, starting from 2017 (base year) till 2025 (assessment year). Various trends, developments, challenges and drivers that impact the growth of the laboratory vacuum pump market are also analyzed and their changing dynamics across key regions of South America, North America, Asia Pacific, Middle East and Africa (MEA) and Europe. Further, it provides the competitive landscape of key players in the laboratory vacuum pump market in order to spot the state of competition therein.
- The segmental analysis of the study analyzes global market scenario on the basis of product type which includes dry vacuum pumps, and rotary vane vacuum pumps. As compared to rotary vane vacuum pump, dry vacuum pump requires less maintenance, medium or variable vacuum range. Moreover, dry vacuum pumps are Oil-less pumps and dry running pump. All these factors make dry vacuum pump striking in the current market.
- In terms of geography, North America has been highlighted as the region of maximum profitability, likely to offer a demand worth of US$1,165.2 mn by 2025.
The final section of the report deals with the competitive landscape targeting the major players profiled in the report. Key players mentioned in the study are ULVAC, Inc, EBARA Corporations, KNF Group, Graham Corporation, Tuthill Corporation, Wenling Tingwei Vacuum Equipment Co, Atlas Copco AB, Edwards Limited, Pfeiffer Vacuum, Welch Vacuum - Gardner Denver, Oerlikon Leybold Vacuum GmbH, Dekker Vacuum Technologies, Inc. and Sterling SIHI GmbH.
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