According to the global turbomolecular pumps market report by IMARC Group, the market reached a value of US$ 1.22 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.80 Billion by 2027, exhibiting a CAGR of 6.50% during 2022-2027.
Turbomolecular Pumps Industry Outlook:
Turbomolecular pumps (TMPs) are kinetic vacuum pumps consisting of a turbine, fast-spinning rotor, and stationary stator discs with channels for gas conveyance. They have a low vibration and hydrocarbon-free operation that requires no regeneration. They are extremely easy to operate and require low maintenance. They are used in harsh industrial environments and ultra-high vacuum applications, such as analytical instruments, to handle corrosive gases or critical process conditions. Since they can be highly compact when combined with a dry pump, turbomolecular pumps find extensive applications ranging from electron microscopy to semiconductor processing across the globe.
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The global turbomolecular pumps market is primarily driven by the rising demand for semiconductor equipment in the production of consumer electronics, such as laptops, tablets, and smartphones. Additionally, the surging adoption of semiconductors in hybrid and electric vehicles is positively influencing the market growth. Moreover, due to their operational proficiency and enhanced productivity, the rising applications of TMPs in research and development (R&D) of nuclear fusion that requires a clean ultra-high vacuum is another major growth-inducing factor.
Apart from this, TMPs produce a vacuum environment that is needed to manufacture silicon wafers and solar cells. Consequently, the increasing use of silicon wafers in automobiles for touch-free human-machine interfaces, automatic braking systems, adaptive cruise control, and advanced driver assistance systems (ADAS) has catalyzed market growth.
Furthermore, the escalating demand for focused ion beam systems, surface analysis systems, and electron microscopes is contributing to the market growth. Other factors, including rising usage of analytical instrumentation, stringent government policies on energy saving, and technological advancements, are also anticipated to drive the market further.
|Turbomolecular Pumps Market Report Scope|
|Market size value in 2021||US$ 1.22 Billion|
|Market forecast in 2027||US$ 1.80 Billion|
|Growth Rate||CAGR of 6.50% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Product:
- Magnetically Levitated
- Oil Lubricated
Breakup by Application:
- Analytical Instrumentation
- Research and Development (R&D)
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are Agilent Technologies Inc., Atlas Copco, Busch LLC, Ebara Corporation, Elettrorava S.r.l., FMG Enterprises Inc., Ingersoll Rand Inc., KYKY Technology Co. Ltd., Osaka Vacuum Ltd., Shimadzu Corporation and ULVAC Inc.
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About IMARC Group:
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