Sellbyville, DE -- (SBWIRE) -- 11/29/2018 -- Vacuum Pump Market will surpass USD 6.5 billion by 2025. Significant growth in pharmaceutical industry in emerging economies such as Europe and North America will boost the sales of vacuum pump positively in future. Vacuum pumps are used during the manufacturing of active pharmaceutical ingredients (APIs), intermediate products and bulk drugs to maintain the perfect reaction environment. In 2017, the U.S. minimal spending on pharma products crossed USD 450 billion.

Powered by a widespread application scope and ongoing technological advancements, vacuum pump market trends have undergone a tremendous transformation since the last few years. The extensive involvement of industry players in research and development activities has been paving the way for remarkable breakthroughs in futuristic vacuum technology requirements. Having recognized the significance of frequent product launches, vacuum pump market contenders have been focusing lately on the development of customized solutions to strengthen their customer base.

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The Vacuum Pump Market is fragmented by product, which include high, low and medium vacuum pumps. Among these, high speed vacuum pumps are likely to register positive growth due to its end user industries will register the significant growth in forecast spell. In terms of value, the high vacuum pumps registered more than USD 2.5 billion by 2025.

Oil & gas sector will dominate the entire end-user segment with an estimated CAGR of 6% over the forecast years. Upsurge in investments for production & exploration activities with current changes in policies related to production of oil & gas specially in North America is crucial factor for vacuum pumps market growth by 2025.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

Atlas Copco
Pfeiffer Vacuum Technology AG
Gardner Denver
Agilent Technologies Inc.
ULVAC Inc.
Ebara Corporation
Leybold GmbH
Busch Vacuum Pumps and Systems
Shimadzu Corporation
Kashiyama Industries Ltd.
KNF Neuberger GmbH
Gast Manufacturing Inc.
Becker GmbH
DEKKER Vacuum Technologies, Inc.
PPI Pumps Pvt. Ltd.

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Of late, it has been observed that reliability and cleanliness are becoming highly important in most of the production processes. Having recognized that efficient vacuum technology development could fulfill these industrial requirements, a few days before, Leybold, a subsidiary of the Atlas Copco Group, unveiled an oil-free vacuum pump with two variants of speed, which are designed to be useful in dusty and moist processes. Through in-depth R&D, the product manufacturers have successfully reduced the operating noise and maintenance cost associated with the Oil-Free VARODRY Vacuum Pump. In addition, the compact design helps users to integrate this product into existing systems very easily.

Vacuum Pump Market by Lubrication

Dry Vacuum Pumps
Wet Vacuum Pumps

Vacuum Pump Market by Technology

Gas Capture/Binding Pumps
Gas Transfer Pumps
Positive Displacement Pumps
Kinetic Pumps

Vacuum Pump Market by Product

Low Vacuum Pumps
Medium Vacuum Pumps
High Vacuum Pumps

Vacuum Pump Market by End-user

Chemical & pharmaceutical
Semiconductor & electronics
Oil & gas
Food & beverages
Wood, paper & pulp
Others

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On the basis of lubrication, the market is segregated into wet and dry. Among these, dry vacuum segment will register annual growth with around 6% CAGR in future as the pumps don't require any kind of lubrication and also provide dust & contamination free environment. This feature makes these pumps suitable for various applications in pharma industry.

On the basis of technology, the industry is divided into gas transfer and gas capture/binding vacuum pumps. Among these, gas transfer pumps will capture around 80% of entire market share and dominate the overall technology segment. The gas transfer pumps segment is further bifurcated into kinetic type and positive displacement type. These types of pumps are extremely high-pressure machines and find application in chemical conveyance, energy sector, etc.

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On the basis of region, China vacuum pumps industry will likely to witness around 7% CAGR in future, with revenue more than USD 2 billion by 2025. Prevalence of basic chemical and consumer electronic products manufacturing industries in China will bolster the regional market demand over the forecast timeframe.

The major players in the vacuum pump market include DEKKER, Shimadzu, Busch, Becker, Pfeiffer, Atlas Copco, Ebara, Agilent, ULVAC, Kashiyama, etc.