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Emerging Trends Driving Vacuum Pump Sales

Posted July 30, 2016 12:00 AM by Engineering360 eNewsletter

Expanded use in the power industry as well as growing demand in the oil and gas, food processing, chemical processing, and semiconductor industries are trends driving global industrial vacuum pump sales. So notes a new survey that projects the compound annual growth rate (CAGR) of several vacuum pump end-use markets, and also describes how vacuum pumps are used in each industry. Tops among the markets in terms of projected growth is the biotechnology sector, expected to experience a CAGR of nearly 9% through 2020. Under the guise of "high-tech industrial applications" for vacuum pumps, the survey tabs cloud computing and LED manufacturing.


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