Scroll Vacuum Pumps Market Size, Share, Analysis, Trends and Forecast 2026

(I-BusinessNews.Com, October 16, 2019 ) Scroll Vacuum Pumps – Market worth around US $ 849.89 Million by 2026

The global scroll vacuum pumps market is forecasted to grow at a stable CAGR around 6.94% during the forecast period 2018 to 2026.
Increasing demand in the electronics & semiconductors industry all across the globe is one of the factors for the growth of scroll vacuum pumps market. The electronics & semiconductor industry is driven by the requirements of modern telecommunication tools and microelectronic devices. The manufacturing of flat panel displays and solar products require vacuum conditions for the fabrication of silicon wafers, and scroll vacuum pumps provide the enhanced facilities of the dry vacuum environment. The growing semiconductor industry will drive the market growth for scroll vacuum pumps in near future. For instance, according to World Semiconductor Trade Statistics, the semiconductor sales were up by around 21% in 2017 compared to 2016.

The semiconductor industry uses oil-free vacuum technology for the fabrication and processing techniques of lithography, chemical vapor deposition, etching, ion implantation, and physical vapor deposition, among many others. The industry experts are concerned with maintaining a balance between low cost of ownership while also achieving the target for process uptime and yield, coupled with the compliance with environmental emissions through reduced land and soil pollution. The yield output of scroll vacuum pumps for use in electronics & semiconductors industry is thus influenced by such factors.

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The rise in technological innovation is another driver for the market. The continued research and development of scroll vacuum pumps is of utmost importance to the manufacturers and companies involved, as product differentiation and enhancement of product properties play an essential role in business strategies of significant companies. The focus on product research and development technologies coupled with the employment of innovative services and technical expertise have positively influenced the market scenario, with industry experts actively recognizing and pursuing the consumer purchase pattern.

The implementation of new technology is the first area of target for the companies, with machine connectivity and software development to improve the performance and speed of scroll vacuum pumps. For instance, in July 2018, the U.S. Department of Energy (DOE) announced funding of grants totaling $95 million to 80 small businesses in 26 states through its Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, with the Office of Fusion Energy Sciences funding a project for high capacity, liquid-cooled all-metal tritium scroll vacuum pump.

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Electronics & semiconductor industry in application type to grow at Highest Rate for scroll vacuum pumps market

By Application type, the global scroll vacuum pumps market is segmented by an application such as electronics & semiconductor industry, the pharmaceutical industry, chemical industry, and others. The electronics & semiconductor industry is leading by overall market share owing to the vital role assumed by the scroll vacuum pumps the manufacturing processes, which require a clean production environment and high-vacuum range. Scroll vacuum pumps provide low pressure to the inert gas chamber during formation of a film on the silicon wafer surface. Increased productivity, high reliability configured for the process are some of the significant features of scroll vacuum pumps that positively influence the market growth in the electronics & semiconductor industry. The chemical processing and production applications use scroll vacuum pumps to handle organic solvents and compounds reliably and safely while ensuring control and reduction of environmental pollution and operating costs. The adoption of stringent environmental policies might hamper the widespread use of scroll vacuum pumps, but technological innovation and the development of fabrication processes are expected reduce the impact of these regulations over the market.

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Market Players

The competitive scenario of the global scroll vacuum pumps market is significantly influenced by the presence of international, regional, and local vendors and suppliers, with a focus on maintaining market position in a reasonably competitive market. The key market players have a diversified product portfolio, with multiple manufacturing and sales locations in significant countries. The companies also provide associated services and repair facilities post-purchase, intensifying efforts to provide complete consumer-concentric solutions. Over 50% of the Global Scroll Vacuum Pump market is attributed to five major players who are headquartered in the US or Europe. These recognized players include Edwards Vacuum, Inc., Agilent Technologies, Inc., Oerlikon Leybold Vacuum GmbH, Anest Iwata Corporation, and ULVAC, Inc.

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Source: EmailWire.Com