From GlobeNewswire: 2024-05-29 02:00:00

The Global Non-Evaporable Getters (NEG) Pumps Market is expected to grow from $79.83 million in 2023 to $122.4 million by 2033, with a CAGR of 4.37%. NEG pumps use getter material to remove reactive gas compounds. The 200-400 segment is projected to dominate the market, especially in the electronics & telecommunication sector. Asia Pacific is expected to lead the market due to semiconductor manufacturing needs.

The electronics & telecommunication segment is poised to experience the fastest growth in the NEG pumps market, driven by demand for lightweight pumps in semiconductor applications. Taiwan, a major player in semiconductor production, contributes significantly to this growth. North America is expected to see the fastest CAGR growth due to potential use of NEG pumps in carbon capture and storage.

Key industry players in the global NEG pumps market include SAES Getters S.p.A., Edwards Vacuum, Agilent Technologies Inc., and Leybold (Atlas Copco). In May 2022, Leybold introduced the TURBOVAC iR series of turbomolecular pumps. The market is segmented by type, application, and region, forecasting revenue from 2020 to 2033. Spherical Insights & Consulting offers market research and consulting services to assist businesses in achieving their objectives and strategic improvements.



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