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Vacuum Pumps Market Research Report Information By Lubrication (Dry and Wet), By Pressure (Low Vacuum Pumps, Medium Vacuum Pumps, High Vacuum Pumps, Ultra-High Vacuum Pumps, And Extreme High Vacuum Pumps), By End User (Automotive, Chemical and Petrochemical, Aerospace and Defense, Oil and Gas, Healthcare and Pharmaceuticals, and Others), and By Region (North America, Europe, Asia-Pacific, and Rest of The World) – Market Forecast Till 2032

ID: MRFR/IA - E/10188-HCR | 128 Pages | Author: Snehal Singh| April 2024

Global Vacuum Pumps Market Overview

Vacuum Pumps Market Size was valued at USD 5.2 Billion in 2022. The Vacuum Pumps market is projected to grow from USD 5.5 Billion in 2023 to USD 8.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.90% during the forecast period (2024 - 2032). Investments made by customers in new production equipment and an increase in the use of vacuum pumps in the semiconductor, chemical processing, oil & gas, and power industries, are the key market drivers enhancing the market growth.Vacuum Pumps Market overviewSource: Secondary Research, Primary Research, MRFR Database and Analyst Review

Vacuum Pumps Market Trends

  • Significant developments in the semiconductor & electronics sectors is driving the market growth

The semiconductor and electronics industries are expected to experience significant advances that will accelerate industrial growth. For instance, according to the Semiconductor Industry Association, global semiconductor sales reached USD 144.8 billion in the third quarter of 2021, representing a growth of 27.6% year over year compared to the third quarter of 2020. Additionally, the sales increased 7.4% from the second quarter of 2021. Vacuum pumps are essential to the fabrication of semiconductors, therefore the growing global demand for chips and the exceptional production efforts made by industry players will undoubtedly increase demand for these pumps.

Vacuum pumps' adaptability in a variety of applications is a key growth engine for the global vacuum pump market. The vacuum pumps can be used to pump gases and air out of a closed or restricted area. The food and beverage, processing, chemical and pharmaceutical, automotive, oil and gas, and a wide range of other industries all employ them. Another factor that is projected to increase semiconductor & electronics sales is the expanding purchasing power of the middle-class people around the world, which is in addition to the rapid technological advancements in electronics products like computers, mobile phones, and tablets. Over the course of the forecast period, this is also anticipated to be advantageous for the global vacuum pump market. Additionally, the use of cryogenics in the beverage and microelectronics industries is growing, and industries like aviation and astrophysics are experiencing rapid technological development, which will boost demand for vacuum pumps. Additionally, the market may have a profitable opportunity for growth as a result of growing research and development into the use of vacuum pumps in the medical industry. The significant expenses of product operation and maintenance, however, could limit market expansion.

The widespread adoption of the work from home culture is also to blame for the explosive growth in demand for electronic gadgets brought on by the coronavirus pandemic. Additionally, through technological advancements and well-established distribution networks, European and American electronics manufacturers are attempting to expand their operations in developing nations. The popularity of consumer electronics among young people in China and India will also probably have a beneficial impact on market revenue. On the other hand, vacuum pump users and other industry participants may face difficulties due to the potential of supply collapse as well as the maintenance and operational costs involved. Thus, driving the Industrial Vacuum Pump market revenue.

Vacuum Pumps Market Segment Insights

Vacuum Pumps by Lubrication Insights

The Vacuum pump systems Market segmentation, based on Lubrication, includes dry and wet. In 2022, the dry sub-segment dominated the global market and generated more over half of the revenue. The expansion in oil and gas activity is to blame for this. Dry vacuum pumps provide improved purity by reducing contamination from oil and other substances. They also require less maintenance because the oil doesn't need to be changed as regularly. These pumps effectively reduce contamination from oil or other chemicals, maintaining the product's purity as a result. Dry vacuum pumps also require less maintenance because oil changes are done less frequently.

Vacuum Pumps by Pressure Insights

The Turbomolecular pumps Market segmentation, based on Pressure, includes low vacuum pumps, medium vacuum pumps, high vacuum pumps, ultra-high vacuum pumps, and extreme high vacuum pumps. The market for high vacuum pumps is estimated to increase at a rate of about 5% through 2027, making it the fastest-growing market. For certain critical applications including mass spectrometry, evaporation coating, electron microscopy, and space technology, high vacuum pumps may deliver a vacuum pressure range as low as 10-10 to 10-12 Torr. They are used when low and medium pumps are unable to create the necessary vacuum environment. To operate effectively, they must be combined with booster pumps, medium and low vacuum backups, and other devices.

Vacuum Pumps End User Insights

The Vacuum pump systems Market segmentation, based on End User, includes automotive, chemical and petrochemical, aerospace and defense, oil and gas, healthcare and pharmaceuticals, and others. In 2022, the chemical & petrochemical category accounted for the biggest market share for vacuum pumps due to the growth of both the small- and large-scale chemical industries. Suction is provided by vacuum pumps to power the liquid filtration process.

Figure 1: Vacuum Pumps Market, by End User, 2022 & 2032 (USD Billion)Vacuum Pumps Market, by End User, 2022 & 2032Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Vacuum Pumps Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific Vacuum Pumps market is projected to dominate the market over the forecast period. The vacuum pump market in the Asia Pacific area is majorly impacted by the rising investments in end-user sectors like oil and gas, chemical, and power generation. Oil sands, which are abundant in the region, are found in nations like China and India. Further, China’s Vacuum Pump market held the largest market share, and the Indian Vacuum pump technology market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Vacuum Pumps Market Share By Region 2022 (%)

Vacuum Pumps Market Share By Region 2022Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America Vacuum Pumps market grew significantly in Vacuum Pumps Market in 2022. Vacuum pumps are increasingly being used in the chemical and oil and gas industries due to the rise in shale gas production in the United States and the stabilizing oil prices. Additionally, these applications frequently operate in harsher environments, which reduces productivity and forces the oil and gas industry to replace outdated equipment with cutting-edge technology. Further, the U.S. Vacuum Pumps market held the largest market share, and the Canada Vacuum Pumps market was the fastest growing market in the North America region.

The European Vacuum Pumps market is expected to witness a decent growth rate during the forecast period, due to an increase in investments in end-user industries including oil and gas, chemicals, and power generation, as well as expanding natural gas production. Further, the German Vacuum Pumps market held the largest market share, and the U.K Vacuum Pumps market was the fastest growing market in the European region.

Vacuum Pumps Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their Product lines, which will help the Vacuum pump technology market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Vacuum Pumps Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Vacuum Pumps Industry to benefit clients and increase the market sector. In recent years, the Vacuum Pumps Industry has offered some of the most significant advantages to medicine. Major players in the Vacuum Pump market, including Atlas CoVacuum pumpo AB, Becker Pumps Corporation, Busch Vacuum Solutions, Ebara Corporation, Flowserve Corporation, GlobalVac & Air, Graham Corporation, Ingersoll Rand, Pfeiffer Vacuum GmbH, ULVAC Inc., are attempting to increase market demand by investing in research and development operations.

A leading manufacturer of vacuum goods, abatement systems, and related services, Edwards Group Ltd. operates globally. A wide variety of dry pumps, turbomolecular pumps, and other vacuum pumps are among the company's vacuum products. These settings are controlled, low-pressure, and particle-free for a variety of production processes. The development of an abatement solution, which ensures the production of the micro electric solution in large quantities while reducing environmental pollution, was the focus of the Edwards Group, a division of Atlas Corp., in December 2020.

Manufacturing and selling industrial, environmental, and associated equipment is what Ebara Corp (Ebara) does. It offers engineering, construction, operations, and maintenance services for nuclear power-related machinery, hydroelectric power plants, and hydroelectric power plants. The company sells pumps, turbines, compressors, blowers, fans, refrigeration, heating, dry vacuum pumps, plating, chemical mechanical polishing (CMP), and exhaust gas treatment equipment. Ebara Corporation produced a novel dry vacuum pump technology on November 13, 2018.

Key Companies in the Vacuum Pumps market include

Vacuum Pumps Industry Developments

May 2022: A brand-new line of GHS VSD+ vacuum pumps was introduced by Atlas Copco. The new GHS 1402-2002 VSD+ series pumps offer an innovative new controller to enable Industry 4.0 use cases, a redesigned design for higher performance, a smaller footprint, and superior oil separation. These speed-driven screw pumps are available from the manufacturer in three pumping speed classes.

May 2022: Leading producer of automotive components Advik Hi-Tech recently disclosed that it has reached an exclusive technology licensing agreement with Entecnia, a Spanish company, for electric vacuum pumps used in passenger car braking systems. The collaboration should allow Advik to support OEMs entering the xEV market and assist them in lowering ICE car CO2 emissions.

Vacuum Pumps Market Segmentation

Vacuum Pumps: Lubrication Outlook

  • Dry

  • Wet

Vacuum Pumps Pressure Outlook

  • Low vacuum pumps

  • Medium vacuum pumps

  • High vacuum pumps

  • Ultra-high vacuum pumps

  • Extreme high vacuum pumps

Vacuum Pumps End User Outlook

  • Automotive

  • Chemical and Petrochemical

  • Aerospace and Defense

  • Oil and Gas

  • Healthcare and Pharmaceuticals

  • Others

Vacuum Pumps Regional Outlook

  • North America

    • US.

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2022 USD 5.2 Billion
Market Size 2023 USD 5.5 Billion
Market Size 2032 USD 8.0 Billion
Compound Annual Growth Rate (CAGR) 4.90% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2018- 2023
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Lubrication, Pressure, End User, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Atlas CoVacuum pumpo AB, Becker Pumps Corporation, Busch Vacuum Solutions, Ebara Corporation, Flowserve Corporation, GlobalVac & Air, Graham Corporation, Ingersoll Rand, Pfeiffer Vacuum GmbH, ULVAC Inc.
Key Market Opportunities Increasing automotive, healthcare, and oil & gas activities
Key Market Dynamics Customers' investments in new production technology and growing adoption of vacuum pumps in oil & gas, power, chemical processing, oil & gas, and semiconductor industries

Frequently Asked Questions (FAQ) :

The Vacuum Pumps Market size was valued at USD 5.2 Billion in 2022.

The global market is projected to grow at a CAGR of 4.90% during the forecast period, 2024-2032.

Asia Pacific had the largest share in the global market

The key players in the market are Brunswick Corporation, Core Health & Fitness LLC, Draper Inc., EGYM, Johnson Health Tech Co. Ltd., Les Mills International Ltd., Nautilus Inc., Paradigm Health & Wellness, Precor Incorporated (Peloton Interactive Inc.), Technogym S.p.A and TRUE Fitness Technology Inc Atlas CoVacuum pumpo AB, Becker Pumps Corporation, Busch Vacuum Solutions, Ebara Corporation, Flowserve Corporation, GlobalVac & Air, Graham Corporation, Ingersoll Rand, Pfeiffer Vacuum GmbH, ULVAC Inc.

The Dry Lubrication dominated the market in 2022.

The High vacuum pumps Pressure had the largest share in the global market.

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