GIA announces the release of a comprehensive global report on Compressors and Vacuum Pumps markets. Global market for Compressors and Vacuum Pumps is projected to reach US$24.7 billion by 2020, driven by steady improvements in global manufacturing PMI, healthy growth in semiconductor manufacturing, and robust investments in oil and natural gas pipeline projects.
San Jose, California (PRWEB) March 19, 2014
Follow us on LinkedIn – Compressors and vacuum pumps are ubiquitous and indispensable electrical components used in consumer and industrial equipment and machinery. As critical electrical devices that produce kinetic energy by compressing air, gas or fluids, compressors are widely used in powering pneumatic tools and equipment. Widespread applications of compressors and vacuum pumps ranges from air conditioning systems, home and industrial refrigeration, hydraulic industrial machines to equipment for industrial manufacturing, among others. Rapid economic development, industrialization, expansion in manufacturing bases, and massive investments in plant machinery were largely responsible for the market’s strong evolution over the years.
Current growth in the market is benefiting from the relatively stable global manufacturing Purchasing Managers Index (PMI). Manufacturing output worldwide expanded and ended on an encouraging note in the year 2013 largely due to the recovery in demand and trade in countries such as United States, Japan and Germany. Industrial output in China expanded as a result of improved exports to Europe. EU continued to emerge from the recession with economic contraction in EU countries finally easing and making a modest and fragile recovery. In the United States, the PMI index made sturdy gains with the domestic economy shrugging off fears of fiscal budget cuts and government shutdown to post strong GDP gains in the last three quarters of the year 2013. Corporate profits in the country hit an all-time high, while household savings and wealth witnessed significant improvement, encouraging positive consumer sentiment and creating for the first time the largest spurt in consumer spending witnessed in over the last three years. The improving global manufacturing output is driving growth in the market with increased investments in plant capacity expansions and upgrades resulting in a parallel rise in new and replacement demand for compressors and vacuum pumps.
Strong growth in the semiconductor industry, one of the largest end-use sectors, is forecast to drive demand for compressors and vacuum pumps, especially cryogenic vacuum pumps and compressors. Compressors and vacuum pumps are used in several critical semiconductor process applications such as plasma etching, and ashing, ion implantation, low pressure CVD and metallization, among others. Other types of compressors and vacuum pumps poised to witness increased demand from this end-use sector include oil free screw compressors/dry screw compressors, diaphragm compressors, regenerative vacuum pumps, oil seal rotary pumps, turbomolecular pumps, Ion pump, evaporation pumps, roots pumps, and crysorption pumps.
Robust investments in oil and natural gas pipeline projects worldwide and the ensuing construction of compressor stations along the pipeline route are expected to benefit demand for compressors. Especially poised to gain are gas-fired reciprocating compressors and centrifugal compressors, which are largely deployed in compressor stations. Creaking pipeline infrastructure in developed regions such as North America is creating an immediate need for new pipeline construction. Growing natural gas production in Canada and the United States largely as the result of the shale gas boom, and increased migration to natural gas fired power generation as a result of environmental regulations induced closure of coal fired power plants, is throwing the focus on piped transport. Also encouraging investments in natural gas pipeline projects is the growing awareness over the fact that pipelines are the safest mode of transportation of oil and gas and the resulting government focus on development of oil and natural gas pipelines. In the United States, investments in energy highways is expected to get an additional boost with the country’s emergence as key net exporter of piped natural gas by 2020.
As stated by the new market research report on Compressors and Vacuum Pumps, Asia Pacific represents the largest and the fastest growing market worldwide with a CAGR of 7.6% over the analysis period. Growth in the region is led by its emergence as a low-cost global manufacturing hub as a result of the recession induced acceleration of production migration to developing Asian countries. In addition to linear flow of capital witnessed from developed nations to emerging markets, other factors encouraging growth in the region include higher levels of industrialization and resultant spike in manufacturing activities i.e. petroleum, mining, food, electronics; and increase in energy demand and a proportional rise in exploration activity.
Key players covered in the report include Agilent Technologies Inc., ATLAS COPCO AB, ABAC Aria Compressa S.p.A, Quincy Compressor, Bristol Compressors International Inc., Busch LLC, Calsonic Kansei Corp., Desser-Rand Group Inc., Ebara Corporation, Embraco SA, Emerson Climate Technologies Inc., Fusheng Co. Ltd., GEA Group Aktiengesellschaft, Ingersoll-Rand Plc, Kaeser Kompressoren GmbH, Kaishan Compressors, Mitsubishi Heavy Industries Compressor Corporation, Oerlikon Leybold Vacuum GmbH, Pfeiffer Vacuum GmbH, PIAB AB, Sanden Corporation, Secop GmbH, SIEMENS AG, Sulzer Ltd., Sundyne Corporation, Tecumseh Products Company and Toyota Industries Corporation.
The research report titled “Compressors and Vacuum Pumps : A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, issues, and recent industry activity. The report provides market estimates and projections in US dollars for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East and Latin America. Product segments analyzed in the report include Compressors (Positive Displacement Compressors and Dynamic Compressors) and Vacuum Pumps (Rotary Vacuum Pumps, Liquid Ring Vacuum Pumps, Diaphragm Vacuum Pumps, Diffusion Vacuum Pumps, Cryogenic Vacuum Pumps and Turbomolecular Vacuum Pumps).
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Compressors_And_Vacuum_Pumps_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
### Reported by PRWeb 15 hours ago.
San Jose, California (PRWEB) March 19, 2014
Follow us on LinkedIn – Compressors and vacuum pumps are ubiquitous and indispensable electrical components used in consumer and industrial equipment and machinery. As critical electrical devices that produce kinetic energy by compressing air, gas or fluids, compressors are widely used in powering pneumatic tools and equipment. Widespread applications of compressors and vacuum pumps ranges from air conditioning systems, home and industrial refrigeration, hydraulic industrial machines to equipment for industrial manufacturing, among others. Rapid economic development, industrialization, expansion in manufacturing bases, and massive investments in plant machinery were largely responsible for the market’s strong evolution over the years.
Current growth in the market is benefiting from the relatively stable global manufacturing Purchasing Managers Index (PMI). Manufacturing output worldwide expanded and ended on an encouraging note in the year 2013 largely due to the recovery in demand and trade in countries such as United States, Japan and Germany. Industrial output in China expanded as a result of improved exports to Europe. EU continued to emerge from the recession with economic contraction in EU countries finally easing and making a modest and fragile recovery. In the United States, the PMI index made sturdy gains with the domestic economy shrugging off fears of fiscal budget cuts and government shutdown to post strong GDP gains in the last three quarters of the year 2013. Corporate profits in the country hit an all-time high, while household savings and wealth witnessed significant improvement, encouraging positive consumer sentiment and creating for the first time the largest spurt in consumer spending witnessed in over the last three years. The improving global manufacturing output is driving growth in the market with increased investments in plant capacity expansions and upgrades resulting in a parallel rise in new and replacement demand for compressors and vacuum pumps.
Strong growth in the semiconductor industry, one of the largest end-use sectors, is forecast to drive demand for compressors and vacuum pumps, especially cryogenic vacuum pumps and compressors. Compressors and vacuum pumps are used in several critical semiconductor process applications such as plasma etching, and ashing, ion implantation, low pressure CVD and metallization, among others. Other types of compressors and vacuum pumps poised to witness increased demand from this end-use sector include oil free screw compressors/dry screw compressors, diaphragm compressors, regenerative vacuum pumps, oil seal rotary pumps, turbomolecular pumps, Ion pump, evaporation pumps, roots pumps, and crysorption pumps.
Robust investments in oil and natural gas pipeline projects worldwide and the ensuing construction of compressor stations along the pipeline route are expected to benefit demand for compressors. Especially poised to gain are gas-fired reciprocating compressors and centrifugal compressors, which are largely deployed in compressor stations. Creaking pipeline infrastructure in developed regions such as North America is creating an immediate need for new pipeline construction. Growing natural gas production in Canada and the United States largely as the result of the shale gas boom, and increased migration to natural gas fired power generation as a result of environmental regulations induced closure of coal fired power plants, is throwing the focus on piped transport. Also encouraging investments in natural gas pipeline projects is the growing awareness over the fact that pipelines are the safest mode of transportation of oil and gas and the resulting government focus on development of oil and natural gas pipelines. In the United States, investments in energy highways is expected to get an additional boost with the country’s emergence as key net exporter of piped natural gas by 2020.
As stated by the new market research report on Compressors and Vacuum Pumps, Asia Pacific represents the largest and the fastest growing market worldwide with a CAGR of 7.6% over the analysis period. Growth in the region is led by its emergence as a low-cost global manufacturing hub as a result of the recession induced acceleration of production migration to developing Asian countries. In addition to linear flow of capital witnessed from developed nations to emerging markets, other factors encouraging growth in the region include higher levels of industrialization and resultant spike in manufacturing activities i.e. petroleum, mining, food, electronics; and increase in energy demand and a proportional rise in exploration activity.
Key players covered in the report include Agilent Technologies Inc., ATLAS COPCO AB, ABAC Aria Compressa S.p.A, Quincy Compressor, Bristol Compressors International Inc., Busch LLC, Calsonic Kansei Corp., Desser-Rand Group Inc., Ebara Corporation, Embraco SA, Emerson Climate Technologies Inc., Fusheng Co. Ltd., GEA Group Aktiengesellschaft, Ingersoll-Rand Plc, Kaeser Kompressoren GmbH, Kaishan Compressors, Mitsubishi Heavy Industries Compressor Corporation, Oerlikon Leybold Vacuum GmbH, Pfeiffer Vacuum GmbH, PIAB AB, Sanden Corporation, Secop GmbH, SIEMENS AG, Sulzer Ltd., Sundyne Corporation, Tecumseh Products Company and Toyota Industries Corporation.
The research report titled “Compressors and Vacuum Pumps : A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, issues, and recent industry activity. The report provides market estimates and projections in US dollars for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East and Latin America. Product segments analyzed in the report include Compressors (Positive Displacement Compressors and Dynamic Compressors) and Vacuum Pumps (Rotary Vacuum Pumps, Liquid Ring Vacuum Pumps, Diaphragm Vacuum Pumps, Diffusion Vacuum Pumps, Cryogenic Vacuum Pumps and Turbomolecular Vacuum Pumps).
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Compressors_And_Vacuum_Pumps_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
### Reported by PRWeb 15 hours ago.