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Analysis of the North America Vacuum Pumps Market : Increasing Investments in the Oil and Gas and the Chemicals Industries are Expected to Drive the Market

  • January 2015
  • 94 pages
  • Frost & Sullivan
Report ID: 2657218

Summary

Table of Contents

Key Findings

•The rising investments in industries, such as oil and gas, chemicals, and power generation, as a result of increased natural gas production, are positively impacting the vacuum pumps market as demand for these pumps in various applications is on the rise.
•In 2013, rotary pumps contributed a revenue share of x % to the total vacuum pumps market. A key trend being seen in this segment is the shift from oil-filled pumps to dry compressing systems, which comply with environmental standards and offer minimal contamination.
•With increasing competition, it has become important for market participants to invest in new technology and expand their product offerings to end users.
•The North American vacuum pumps market is predicted to reach a revenue of $ x million in 2018, at a compound annual growth rate (CAGR) of x % from 2013 to 2018.

CEO’s Perspective

Rising investments in the chemicals industry are expected, which is likely to provide opportunities for vacuum pump manufacturers.
The demand for convenience foods in the region is boosting the use of vacuum pumps in food and packaging.
Dry compressing technology is anticipated to take the lead over liquid-filled pumps.
An increasing number of end users are opting for complete systems to take care of their vacuum requirements.
Environmental concerns in the oil and gas and the chemicals industries are also boosting market growth.

Market Definitions

In this study, vacuum pumps refer to devices that help reduce the pressure resulting from the gas in a chamber. These pumps are used to attain pressures between atmospheric and absolute zero. The many applications that use vacuum require varying degrees of pressure and pumping speed. Pumping speed, or flow, is expressed as the quantity of gas that can be pumped in a given time period. For the purposes of this study, the North American vacuum pumps market was divided, by technology, into the following 2 main product categories, each of which has been segmented further as:
•Rotary pumps
oLiquid-sealed pumps
oDry compressing pumps
•Reciprocating pumps
oDiaphragm pumps
oPiston pumps

Key Questions This Study Will Answer

Is the North American vacuum pumps market growing; how long will it continue to grow and at what rate?
Are the existing competitors structured correctly to meet customer needs?
What are the qualitative and quantitative trends affecting the market?
How will the market structure change with time? Is the market ready for acquisitions?
Are the products/services offered today meeting customer needs or is additional development needed?
What are the dynamics of this mature market and how will it pan out in future?

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Related Market Segments :

Vacuum Pump
Pumping Machinery And Equipment

ref:plp2015

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