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Vacuum pump market for chemical industry is nearly record a valuation of EUR 4.87 trillion by 2025

Author : Rahul Varpe | Published Date : 2019-04-17 

An analysis of vacuum pump market has been provided in the latest report introduced by Global Market Insights that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

This newly launched dry vacuum pump range that has been brought forth by the giant at this year’s ACHEMA, is claimed to be incorporated with an emission free ventilation. Allegedly, since this vacuum pump is absolutely oil-free and dry, it avoids any type of oil adulteration and particle emission, making it an absolute choice for industrial applications. Leybold’s initiative sheds a positive light on the sustainability trend and the up-to-the-minute developments that vacuum pumps market is presently characterized by. 

China Vacuum Pump Market is forecast to surpass USD 2 billion by 2025. Geographically, Asia Pacific exhibits a strong contendership in the global landscape becoming one of the top-notch investment spots for industry players. The extensive proliferation of chemical processing sector in this belt can be a cited as a major factor propelling the regional demand. In fact, estimates suggest, APAC procured nearly 50% of the global vacuum pump industry share in 2017, with China and India at the helm. Reportedly, India is estimated to record a CAGR of 7% over 2018-2025.

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This new vacuum range has already garnered rave reviews in the business space on grounds of its compact design and highly reliable performance with low capital investment and operating cost. Given the fact that it neither requires compressed air nor cooling water for its operation, handling the pump is quite easy. The pump is claimed to ensure uninterrupted operations without system downtimes. Undoubtedly, the product launch has remarkably strengthened Leybold’s stance in the vacuum pump market.

It is prudent to mention that the profitability quotient of vacuum pump industry is extensively influenced by the robust growth of chemical processing and manufacturing sectors. Estimates suggest, global chemical industry would nearly record a valuation of USD 5.5 trillion by 2025. Chemical processing verticals like oleochemical, petrochemicals demand highly advanced vacuum technology, as these sectors are mainly characterized by challenging operating environment.

Mostly what has been observed from past five years trends, chemical companies mainly deploy dry vacuum pumps that can be utilized for a broad range of processes. Some of the chemical giants are also inclining toward vacuum pumps that not only ensure flexibility, reliability, and efficacy, but also feature minimum maintenance and set up. Ergo, it can be said that chemical processing sector would prove to be a viable growth avenue for vacuum pump industry in the years ahead, in terms of new opportunities and product innovations.

Yet another instance depicting the efforts undertaken by major companies to increase the efficacy and performance level of vacuum pumps, Edwards Group Limited recently released its latest single stage rotary vane vacuum pumps, the nES EX series. According to the UK based firm, this enhanced version of rotary vane technology is specifically designed to operate in environments that are potentially explosive in nature.

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Apparently, this articulately designed nES EX 40-630 series is likely to amass a huge popularity in the market especially from chemical processing sector. The product which is claimed to offer safer and cleaner real-world operations is another breakthrough model underlining the innovation and development opportunities underlining the vacuum pumps market landscape.

While a vast application spectrum and favorable geographical opportunities underline this business space, lack of proper technical knowhow about how to run the pumps which often leads to machine damage is one of the major challenges in the vacuum pump market growth. However, in a bid to combat these challenges, modern day manufacturers are organizing myriad training programs for the operators to ensure a longer product lifecycle. With increasing investments by manufacturers in these initiatives and approaches, vacuum pump industry undoubtedly would be one of the most opportunistic business spheres to watch unfold. Speaking of the commercialization potential of the entire business space, Global Market Insights, Inc., forecasts overall vacuum pump market to exceed a valuation of USD 6.5 billion by 2025.

Related News - https://www.marketwatch.com/press-release/epoxy-based-polymer-concrete-market-to-register-significant-gains-global-industry-valuation-to-hit-usd-600-million-by-2025-2019-04-16

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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