Industry Background:
Turbomolecular pump is a type of vacuum pump which works on the principle that gas molecules can be given momentum in the desired direction by repeated collision with a moving solid surface. Increasing production of electronic equipment lifts the need for semiconductors which boosts the demand for Turbomolecular pumps. Further, technological advancement in the turbomolecular pumps for analytical Instrumentation rising the demand for Turbomolecular pumps.
According to AMA Research, the market for Turbo Molecular Pumps is expected to register a CAGR of 5.3% during the forecast period to 2027. This growth is primarily driven by Increasing Production of Electronic Equipment
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | Units |
Value Unit | USD (Million) |
Dominating Type | Hybrid |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electrical Components & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Agilent Technologies, Inc. (United States), Atlas Copco (Sweden), Busch Vacuum India Pvt. Ltd. (India), Ebara Technologies, Inc. (United States), KYKY Technology Co. Ltd. (China), Osaka Vacuum, Ltd. (United States), Pfeiffer Vacuum GmbH (Germany), Shimadzu Corporation (Japan), Ulvac Inc. (Japan), Edwards Vacuum (United States) and Leybold GmbH (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 14 June 2021, Atlas Copco has acquired the operating assets of Compressed Air Systems, Inc. (CAS), a distributor of compressors located in North Carolina in the US. CAS is a privately owned company and has 30 employees. The company is located in Salisbury, North Carolina.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Increasing Application of Turbo Molecular Pumps in Ultra High Vacuum System
Market Growth Drivers:
Increasing Production of Electronic Equipment and Development in Semiconductor Industry
Challenges:
Increasing Efficiency of Turbo Molecular Pumps
Restraints:
High Manufacturing Cost Associated With Turbo Molecular Pumps and Noise and Vibration Problems Cause By Turbo Molecular Pumps
Opportunities:
Increasing Applications of Turbo Molecular Pumps in Analytical Instrumentation and Technological Advancement in Turbo Molecular Pumps
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Turbo Molecular Pumps Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Turbo Molecular Pumps Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Turbo Molecular Pumps players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Turbo Molecular Pumps Study Sheds Light on
The Turbo Molecular Pumps Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Turbo Molecular Pumps industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Turbo Molecular Pumps industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.