Global Vacuum (Pumps & Valves) Market: Industry Analysis & Outlook (2017-2021)
A vacuum is defined colloquially as the state encountered in a room at pressures below atmospheric pressure. These pressures can be generated by gases or vapors that are evenly distributed over the room. In simple term, vacuum systems help in creating vacuum inside the sealed container.
In vacuum technology, all processes and physical measurements carried out under conditions of below-normal atmospheric pressure. Vacuum is a key enabling technology in various industries, most notably semiconductor and is gaining further importance with the move to smaller chips. Demand for vacuum products is expected to flourish as there is a requirement for more particle-free environments, as well as more demand for vacuum-based measurement tools that enhance yield for semiconductor fab operators.
The global vacuum market is set to experience favorable growth driven by factors such as growing semiconductor industry, rising IP traffic, increasing installation of solar PV capacity, increased application in oil & gas industry and accelerating economic development. The major trends observed in this market include technological advancements, evolving 3D NAND technology, increasing OLED capacity, growing miniaturization of chips and increasing vacuum based processing steps. However, the growth of this budding market is constrained by challenges such as higher barriers to entry and stringent regulations.
The report “Global Vacuum (Pumps & Valves) Market: Industry Analysis & Outlook (2017-2021)” analyses the development of this market. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. The four major players: Atlas Copco Group, Ebara Corporation, Pfeiffer Vacuum Technology AG and Shimadzu Corporation are being profiled along with their key financials and strategies for growth. The report contains a comprehensive analysis of the global Vacuum (Pumps & Valves) market."