Turbomolecular Pumps Market Trends, Industry Overview, Latest Insights and Forecast 2024-2032
The latest report by IMARC Group, titled “ Turbomolecular Pumps Market Report by Product (Magnetically Levitated, Oil Lubricated, Hybrid), Application (Analytical Instrumentation, Semiconductor, Research and Development (R&D), and Others), and Region 2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on the market. The global turbomolecular pumps market size reached US$ 1.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.85% during 2024-2032. Factors Affecting the Growth of the Turbomolecular Pumps Industry: Semiconductor Industry Growth : The turbomolecular pumps market is significantly driven by the burgeoning semiconductor industry. As semiconductor manufacturing processes become increasingly complex and demand higher precision, turbomolecular pumps play a vital role in maintaining ultra-high vacuum conditions essential for deposition, etching, and other ...