MEA Vacuum Pumps Market to Exhibit 11.10% CAGR from 2015 to 2025
The Middle East and Africa vacuum pumps market is progressing at a CAGR of 11.10% between 2015 and 2025. The market was valued at US$199.5 mn at the end of 2014, according to data derived from a research report released by Transparency Market Research. The report is titled “Vacuum Pumps Market – MEA Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2025” and is available for sale on the official website.
As mentioned in the report, the MEA vacuum pumps market is driven by the growth in energy demand to fulfil a resurgent economy that is focusing on large-scale projects. The projects are coming in after periods of economic slowdown and therefore have significantly boosted the demand for vacuum pumps.By range of application, the MEA vacuum pumps market is dominated by low pressure vacuum pumps. Low pressure vacuum pumps held nearly 47% of the MEA vacuum pumps market in 2014, primarily driven by rising demand from the packaging industry as well as the conveyance industry. On the other hand, the segment of medium pressure vacuum pumps is expected to witness a significant rate of growth, owing to high demand from process industries. This list of process industries that require medium pressure vacuum pumps includes food and beverages, plastics, pharmaceuticals, chemicals, power, textile, and petrochemicals. The same process industries are also expected to up their demand for low pressure vacuum pumps in the coming years as well.
The key players in the MEA vacuum pumps market are Sterling SIHI GmbH, Ebara Corporation, Dekker Vacuum Technologies, Inc., Graham Corporation, Tuthill Corporation, Atlas Copco AB, Oerlikon Leybold Vacuum GmbH, ULVAC, Inc., Pfeiffer Vacuum GmbH, and Gardner Denver, Inc.
Download Report TOC for in-depth analysis @ https://www.transparencymarketresearch.com/report-toc/4760