Vacuum pump is a mechanical device which is used to create vacuum by removing gas molecules from a sealed volume. Growing adoption of vacuum pumps in power, oil & gas, chemical processing, and semiconductor industries is driving the demand for vacuum pumps. Moreover, rising investment in these industries is also expected to benefit the market of vacuum pumps globally.
On the basis of types, vacuum pumps market is segmented into five categories: liquid ring vacuum pumps, dry vacuum pumps, rotary vane vacuum pumps, turbo molecular vacuum pumps, and steam jet ejectors. Out of all these segments, liquid ring and dry vacuum pumps are currently dominating the global market by capturing over 60% share of the market.
Strong growth in semiconductor industry is leading to a surge in the potential of dry vacuum pumps, whereas liquid ring vacuum pumps find wide application in pulp and paper, and oil and gas industries. In order to reduce the overall operation cost, demand for high vacuum quality (clean and dry vacuum) and energy efficient pumps is increasing which is also supporting the growth of dry vacuum pumps.
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