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Palo Alto, CA, United States, 2006/11/02 - New analysis from Frost & Sullivan, North American Reciprocating and Rotary Vacuum Pumps Market, reveals that the market earned revenues of $484.5 million in 2005 and estimates this to reach $584.2 million in 2012..
To prevent the North American reciprocating and rotary vacuum pumps market from being relegated to the position of a commodity market, manufacturers will have to differentiate their products. Research and development is the way forward for this market, since it is becoming increasingly difficult for participants to tell themselves apart on the basis of pump design.
New analysis from Frost & Sullivan, North American Reciprocating and Rotary Vacuum Pumps Market, reveals that the market earned revenues of $484.5 million in 2005 and estimates this to reach $584.2 million in 2012.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the North American reciprocating and rotary vacuum pumps market, then send an e-mail to Tori Foster, Corporate Communications, at tori.foster[.]frost.com with the following information: your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.
The lack of innovative products has compelled the participants to compete on prices. However, to stave off such a situation, manufacturers are offering engines that are more energy efficient as well as improved customer care from the time of initial contact to even after installation.
Participants are also promoting their products’ lower servicing and maintenance requirements as well as sophisticated controls and diagnostic systems. Some participants are also marketing the reduced size of their equipment as a significant product benefit.
These efforts of manufacturers are being backed by government initiatives such as strict environment regulations regarding emissions and contamination control. These laws compel end users in chemical processing and other industrial sectors to replace equipment that does not comply with industry standards.
“A growing number of industries are avoiding risks of contamination by switching from older oil filled pumps to dry pumps,” notes Frost & Sullivan Research Analyst Alok Tiku. “Dry vacuum pumps, although priced at a premium, have relatively low maintenance costs as there is no need for oil changes or associated maintenance.”
Dry rotary pumps are becoming increasingly popular in end-user sectors where high purity is vital. This low-contamination equipment is in great demand in hospitals, pharmaceutical facilities, laboratories and certain chemical-processing environments.
Reciprocating vacuum pumps also score over other pumps in the area of equipment efficiency, since these devices maintain optimum efficiency throughout its lifetime. This considerably reduces maintenance needs as well.
“This efficiency is being particularly valued in the semiconductor market, which has been a major end-user segment of the reciprocating vacuum pumps market,” notes Tiku. “An improving economy and a resurgent semiconductor industry have ensured that the market revenue gains a boost in the near future.”
The aerospace and defense sector has also contributed greatly to market’s expansion, since government agencies have invested a part of the hiked defense budgets in the reciprocating and rotary vacuum pumps market.
The North American Reciprocating and Rotary Vacuum Pumps Market is part of the Industrial Automation and Process Control Subscription, which also includes research in the following markets: North American HVAC Circulator Pumps Market, North American Compressors Markets, European Positive Displacement Pumps Markets, and The Chinese Industrial Pumps Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.