Global Dry Vacuum Pumps Market: Overview
A decent compound annual growth rate would be recorded in the global dry vacuum pumps market over the forecast period. This will lead market on to a fertile landscape of opportunities. Market players would hustle to leave no stone unturned to tap into these. Additionally, it is quite a pertinent factor here that this will also lead to higher valuation.
Global Dry Vacuum Pumps Market: Competitive Landscape
The fragmented vendor landscape of global dry vacuum pumps market is set to see quite a competitive future. Players of both international and regional stature operate the landscape. They are taking aggressive and active measures to ensure growth in this dynamic landscape. In turn, this leading to the market being rife with happenings that holds significant bearings on how it operates in the coming few years.
As far as growth strategies, often and popularly deployed by players are concerned, it is quite pertinent to make note that these are many and varies – fall across a vast spectrum of organic and inorganic. Some of these are collaborations, partnerships – based on mutual synergies, and mergers, acquisitions – that are strategic and fruitful.
A keen focus of players is towards development of technologically advanced products. Innovation, therefore, holds a prominent place in the market. The reason that this is so crucial is that it will determine growth for these players in a major way.
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Top players in the global dry vacuum pumps market are:
- EBARA CORPORATION
- Pfeiffer Vacuum GmbH
- Atlas Copco AB
- Gardner Denver, Inc.
- Agilent Technologies
- VACUUBRAND GMBH + CO KG
Global Dry Vacuum Pumps Market: Key trends and driver
Numerous growth factors are marking the landscape of global dry vacuum pumps market. Over the forecast period, these will interact with each other and independently with the market to drive it forward and upward. Some of these are outlined below:
- Industries that are expected to generate notable demand for dry vacuum pumps are pharmaceutical, semiconductors and electronics. As disposable incomes increase, the latter will drive the market on a high growth trajectory in a big way. Comfort, convenience and high technological advancement would be primary growth propellers over the forecast period.
- Older people – 60 and above – are seeing an increase in their numbers and by 2050, the number would reach 2 billion. In 2017, it was a mere 970 million (approximately). Besides, world over, in the age group of 65 and above, the number of occupants would be one in every six. In regions such as North America and Europe, the numbers would be steeper. The ratio would be around one in every four people. This will be a notable growth factor over the forecast period.
Global Dry Vacuum Pumps Market: Regional Analysis
Over the stated forecast period, it is anticipated that regions that will be of magnanimous significance are China and Asia Pacific Economic Cooperation (APEC) countries. The dominance would be primarily owed to factors such as capacity expansion and new installations in a number of end-use industries. It is quite pertinent to note here that semiconductors and electronics industry is growing at a steady pace in the region, particularly in Japan, South Korea, and other ASEAN countries. Other notable countries in the global dry vacuum pumps market are Brazil, Germany and the United States of America.
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