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 % 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 $ million in 2018, at a compound annual growth rate (CAGR) of % from 2013 to 2018.
About this report
This research service identifies the market drivers and restraints and the key trends in the North America vacuum pumps market. It also offers comprehensive forecasts for the total market, the product segments (rotary and reciprocating), and the end-user segments (oil and gas, electrical, chemicals, power generation, and food and packaging). In addition, pricing analysis, distribution structure, competitive analysis, and market-related Mega Trends are discussed. The regions covered in this study include the United States and Canada. The base year is 2013; the forecast period runs from 2014 to 2018.
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