The rising industrial applications in packaging, evaporation, and drying are expected to drive the Global Vacuum Pumps Market during the forecast period 2024-2028.
According to TechSci Research report, Vacuum Pumps Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018–2028F, the Global Vacuum Pumps Market is anticipated to register a robust growth during the forecast period 2024-2028. The Global Vacuum Pumps market is being driven on account of rising industrial applications in packaging, evaporation, and drying application in private sector such as food & beverage industry. Technology has become the key enabler of excellence due to which businesses are gradually adopting advance technologies due to business export-import expansion, along with the rising adoption of smart technology and increasing demand for emerging IoT-based technology. Moreover, the easy availability of low and medium pressure based vacuum pumps and increasing use of electric vacuum pumps in the automotive cleaning have enabled vendors to reduce fuel consumption, leading to a decrease in vehicle emissions. Furthermore, it is very essential for various industries such as pharmaceuticals industries for purchasing vacuum pumps in enhancing performance, better working conditions, lower maintenance cost, save valuable time of operation and industries expenditures, lower power consumption, increases production, after sales services, and reliability. Thus, increasing demand for efficient vacuum pumps devices is among the key driving factors leading to growth of the global vacuum pumps market.
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The vacuum pumps market is segmented into lubrication, mechanism, pressure, application, end-user, and region. Based on lubrication, the market is bifurcated into dry vacuum pumps and wet vacuum pumps. Based on mechanism, the market is categorized into gas transfer vacuum pumps and gas binding vacuum pumps. Based on pressure, the market is bifurcated into low vacuum pumps, medium vacuum pumps, high vacuum pumps, ultra-high vacuum pumps and extreme-high vacuum pumps. Based on application, the market is bifurcated into assembling, conveying, dehydration/drying, engine testing, evaporation & distillation, filling, holding/chucking, manufacturing, material handling, thermoforming, and others. The end-user segment is further categorized into aerospace & defense, automotive, chemical & petrochemical, electronics & semiconductors, food & beverage, healthcare & pharmaceuticals, and others.
Based on lubrication, the dry vacuum pumps segment is expected to dominate in the global vacuum pumps market. The high growth of this segment is attributed to the growing activities of oil & gas industries by the authorities. Dry vacuum pumps reduce the contamination from oil and other substances to offer more purity. Additionally, they require less maintenance, as they don’t need their oil changed, as regularly. Moreover, the dry vacuum pumps are the newest development in the vacuum pumps industry. These pumps offer numerous advantages over the traditional vacuum pump and wet pumping technologies for pharmaceutical and chemical processing. The breathtaking benefits of industrial and chemical duty dry vacuum pumps applications such as regenerative blowers, dry rotary vane vacuum pumps, multi-lobe dry vacuum pumps, are enabling the growth of dry vacuum pumps. Moreover, the clean, reliable, low to high vacuum and minimal maintenance advantages are growing the demand of dry vacuum pumps apart from other technology devices. Furthermore, enterprises like food industries are deploying and utilizing these devices to ensure product freshness and improve sanitation procedures. Thus, these factors are leading to the high adoption of dry vacuum pumps, enabling the growth of vacuum pumps market.
Based on mechanism segment, gas transfer vacuum pumps segment is expected to dominate in the global vacuum pumps market due to the growing industrialization, technological developments, rapid urbanization and growth in infrastructure. The rapid advancement in the consumer electronics products such as smartphone, tablets and other digital electronics is further accelerating the adoption of the dry vacuum pumps in the market. The demands in semiconductor industry which are leveraging on the SVF-100 or SVF-300 dry vacuum pumps for circuit boards, dry cleaning chips, and other manufacturing equipment’s in their business operations are also increasing. Such growing adoption for various applications across the chemical, oil & gas, and varied sector are expected to fuel market demand for gas transfer vacuum pump products.
Key market players in the global vacuum pumps market:
- Atlas Copco AB
- Flowserve Corporation
- Dr-Ing. K. Busch GmbH
- Pfeiffer Vacuum Technology AG
- Ingersoll Rand
- Becker Pumps Corporation
- Ebara Corporation
- Global HVAC, LLC
- Graham Corporation
- ULVAC, Inc.
- In February 2023, Atlas Copco AB, a leading provider of sustainable productivity solutions, announced the acquisition of CVS Engineering GmbH. CVS Engineering GmbH is a German manufacturer of transportable industrial vacuum pumps and blowers for use on tanker trucks and other modes of transportation.
- In September 2022, EBARA Corporation (EBARA) announced the acquisition of Hayward Gordon L.P. The company aims to expand its product portfolio by expanding sales in attractive abroad regions and nations with rising population and burgeoning industries as a part of its global strategy. Furthermore, the acquisition will also open the distribution channel for public sewage, industrial equipment, and process industry.
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“Asia Pacific is estimated to hold the largest market share in the global vacuum pumps market, owing to the increasing adoption of advanced next-generation technologies along with increasing technological advancements in semiconductor devices in the region. However, the vacuum pumps market in North America has experienced significant growth during the forecast period. This owes to the presence of many small and medium scale vacuum pump manufacturers and suppliers that are focusing on offering advanced vacuum pump solutions to the high unmet needs, especially in public places. Additionally, it is anticipated that the growing investments in the oil and gas sector, chemicals, power generation, and pharmaceuticals, all have a relatively high need for vacuum pumps. Furthermore, medium to high vacuum pump applications are becoming common in nuclear, solar, semiconductor, space, chemical, pharmaceutical, agricultural, polymer, oil refining, solvent recovery, zero discharge, and other operations. Such applications are anticipated to fuel market expansion in North America”, said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Vacuum Pumps Market Segmented By Lubrication (Dry Vacuum Pumps and Wet Vacuum Pumps), By Mechanism (Gas Transfer Vacuum Pumps and Gas Binding Vacuum Pumps), By Pressure (Low Vacuum Pumps, Medium Vacuum Pumps, High Vacuum Pumps, Ultra-High Vacuum Pumps and Extreme-High Vacuum Pumps), By Application (Assembling, Conveying, Dehydration/Drying, Engine Testing, Evaporation & Distillation, Filling, Holding/Chucking, Manufacturing, Material Handling, Thermoforming, and Others), By End-User (Aerospace & Defense, Automotive, Chemical & Petrochemical, Electronics & Semiconductors, Food & Beverage, Healthcare & Pharmaceuticals, and Other), By Region, Competition, Forecast & Opportunities” has evaluated the future growth potential of global vacuum pumps market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global vacuum pumps market.