According to a new report published by Allied Market Research, titled, "Turbomolecular Pumps Market: Global Opportunity Analysis and Industry Forecast, 2018-2025," the global turbomolecular pumps market was valued at $1,005 million in 2017, and is expected to reach at $1,529 million by 2025, growing at a CAGR of 5.4% during the forecast period. The magnetically levitated segment accounted for more than two-fifths of the market share in 2017, and is expected to witness significant growth during the forecast period.
A turbomolecular pump is a special type of vacuum pump, similar to a turbopump, which is designed to obtain and maintain high vacuum. A rapidly spinning fan rotor in the turbomolecular pump pushes gas molecules from the inlet of the pump towards the exhaust, creating and maintaining vacuum.