ALBANY, N.Y.–(BUSINESS WIRE)–
High energy demand growth and recovery of large scale projects after economic slowdown are significant key factors propelling the growth of vacuum pumps market, states Transparency Market Research in its new report based on MEA vacuum pumps market.
Browse Report: http://www.transparencymarketresearch.com/mea-vacuum-pumps-market.html
According to this report, the MEA vacuum pumps market stood at US$ 199.5 million in 2014 and is further expected to grow at a CAGR of 11.1% in the forecast period 2015 to 2025. The development of processing industries across the globe and modern technological innovations in the MEA vacuum pumps market have augmented the market growth for vacuum pumps over the next decade. MEA vacuum pumps market provide cost-savings solutions when implemented in vacuum-based applications.
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By application range, the market is segmented into low vacuum pressure, medium vacuum pressure, and high and ultra-high vacuum pressure pumps. The low vacuum pressure range held a market share of around 47% in 2014 due to its dominant presence in packaging and conveying industries.
Press Release: http://www.transparencymarketresearch.com/pressrelease/mea-vacuum-pumps-market.htm
The report also segments the market by type with entrapment pumps and gas transfer vacuum pumps as the two major types of vacuum pumps. The gas transfer vacuum pumps dominated the overall market with 61% in 2014.
The study report also states the end-user applications such as oil and gas, industrial and manufacturing, power, chemical processing, semiconductors and electronics, and others and their individual roles in driving the overall mea vacuum pumps market, globally.
Article: http://www.transparencymarketresearch.com/article/mea-vacuum-pumps-market.htm
Due to a number of manufacturing and industrial activities in the GCC countries, GCC led the overall MEA vacuum pumps market with about 30% share in 2014. New opportunities are expected to rise in North and South Africa and rest of MEA regions at a CAGR of 11.1% by 2025.
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About TMR
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.
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