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Growth for Vacuum Pumps is in High-Tech Applications According to Frost & Sullivan - The European market will expand from €405.2 million in 2010 to €750.1 million in 2017 - Dry and Energy-Efficient Vacuums Set for Strongest Gains
Growth for Vacuum Pumps is in High-Tech Applications According to Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2011/09/06 - The European market will expand from €405.2 million in 2010 to €750.1 million in 2017 - Dry and Energy-Efficient Vacuums Set for Strongest Gains.

   
 
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The European vacuum pumps market is anticipated to witness growth, fuelled by high-tech applications for vacuum technologies and the rising awareness of the benefits of using vacuum systems.

New analysis from Frost & Sullivan (industrialautomation.frost.com), Strategic Analysis of the European Vacuum Pumps Market, finds that the market earned revenues of €405.2 million in 2010 and estimates this to reach €750.1 million in 2017. The following application areas are covered in this research: process industry, semiconductor, coating technology, solar, analytics and R&D.

"The semiconductor industry, although affected by the economic crisis, remains the largest segment for vacuum pumps and accounted for just over 20% of the market in 2010," notes Frost & Sullivan Research Associate Rajita Sahitya. "While its share is likely to decrease over the long-term, there will continue to be rising demand from high-tech sectors such as LED."

There is also an increasing need for high vacuum quality and energy efficiency to reduce operational costs. Industry is moving towards efficient pumps to meet commercial and legislative requirements to preserve the environment. Suppliers will therefore benefit from the increased sale of energy-efficient vacuum pumps in the long term.

"Such trends will drive the adoption of dry vacuum pumps, with government policies and regulations on safety and health concerns also encouraging their use across Europe," says Rajita. "These pumps are known to offer high quality and reliability and incur low maintenance costs."

In addition, as an increasing number of end users become aware of the benefits of using dry vacuum pumps in their applications, the market is expected to expand as a result of new sales. The demand for clean and dry vacuum is supporting the increased use of dry vacuum pumps; a growing number of manufacturers are investing in more efficient dry vacuum pump designs as they strive to minimise any risk of oil contamination in end users’ processes and/or products.

On the other hand, a number of end-user industries have started to move their manufacturing facilities outside Europe, to countries such as China and India, where there are less strict environmental regulations and flexible regulatory requirements.These regulations support lower overheads, enabling companies to price their products competitively. As a result, the overall growth potential of the European market has been impacted, which presents a challenge to all market participants.

"Promisingly, however, Central and Eastern Europe is expected to be a growth pocket," remarks Rajita."Manufacturing bases in the chemical processing and water and effluent treatment sectors are shifting to the region, and offer good potential for market growth."

If you are interested in more information on this study, please send an email to Anna Zanchi, Corporate Communications, atanna.zanchi[.]frost.com

Strategic Analysis of the European Vacuum Pumps Market is part of the Industrial Automation & Process Control Growth Partnership Service programme, which also includes research in the following markets: Strategic Analysis of Pumps Market in the European Pharmaceutical Industry, Strategic Analysis of the European Positive Displacement Pumps Market, Strategic Analysis of Eastern European Pumps Market and Strategic Analysis of the European Pumps Market in the Oil and Gas Industry.All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

 
 
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Growth for Vacuum Pumps is in High-Tech Applications According to Frost & Sullivan

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Publisher Contact: Anna Zanchi 
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