Vacuum Pumps Market to Reach $7.57 Billion by 2030
Meticulous Research®—a leading global market research company, published a research report titled, ‘Vacuum Pumps Market by Type (Gas Transfer Pumps, Gas Bindings/Entrapment Pumps), Lubrication (Dry Vacuum Pumps, Wet Vacuum Pumps), Pressure, End-use Industry and Geography - Global Forecasts to 2030.’
The vacuum
pumps market is projected to reach $7.57 billion by 2030 from an estimated
$5.51 billion in 2023, at a CAGR of 4.6% during the forecast period of 2023 to
2030. The growth of the vacuum pumps market is driven by the rising adoption of
vacuum pumps in the mining industry, the growing significance of vacuum pumps
in the chemicals industry, and the growth in the automotive sector. However,
the high-power consumption of vacuum pumps restrains the growth of this market.
The rising
adoption of vacuum pumps for seawater desalination and the growing importance
of vacuum pumps in the photovoltaics value chain are expected to create growth
opportunities for the players operating in this market. However, the improper
installation of vacuum pumps is a major challenge for market growth.
The global
vacuum pumps market is segmented by type, lubrication, pressure, end-use
industry and geography. The study also evaluates industry competitors and
analyses the country and regional-level markets.
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Scope of the Report:
Vacuum Pumps Market
Assessment, by
Type
·
Gas Transfer Pumps
·
Gas Binding/Entrapment Pumps
·
Other Vacuum Pumps
Vacuum Pumps Market
Assessment, by Lubrication
·
Dry Vacuum Pumps
·
Wet Vacuum Pumps
Vacuum Pumps Market
Assessment, by Pressure
·
Rough Vacuum (1 Bar to 1 Mbar)
·
Medium Vacuum (1 Mbar to 10–3 Mbar)
·
High Vacuum (10–3 Mbar to
10–7 Mbar)
·
Ultra-high Vacuum (10–7 Mbar to
10–12 Mbar)
·
Extreme High Vacuum (More than 10–12 Mbar)
Vacuum Pumps Market
Assessment, by End-use Industry
·
Electronics & Semiconductors
·
Aerospace & Defense
·
Chemicals
·
Automotive
·
Healthcare
·
Food & Beverage
·
Industrial Manufacturing
·
Oil & Gas
·
Mining
·
Construction
·
Energy & Utilities
·
Other End-use Industries
Vacuum Pumps Market
Assessment, by Geography
·
Asia-Pacific
o
Japan
o
China
o
India
o
South Korea
o
Rest of Asia-Pacific
·
Europe
o
Germany
o
U.K.
o
France
o
Italy
o
Spain
o
Rest of Europe
·
North America
o
U.S.
o
Canada
·
Latin America
o
Brazil
o
Mexico
o
Rest of Latin America
·
Middle East & Africa
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Based on type, the global vacuum
pumps market is segmented into gas transfer pumps, gas binding/entrapment
pumps, and other vacuum pumps. In 2023, the gas transfer pumps segment is
expected to account for the largest share of the global vacuum pumps market.
The large market share of this segment is attributed to highly efficient
applications that require a high level of vacuum, low maintenance cost, and the
easy-to-operate nature of these pumps in operations such as chemical processing
and vacuum deposition processes, among others.
Based on lubrication, the global vacuum
pumps market is segmented into dry and wet vacuum pumps. In 2023, the wet
vacuum pumps segment is expected to account for the larger share of the global
vacuum pumps market. The large market share of this segment is attributed to
its high pumping speeds, growing demand in various industries such as chemical
processing and pharmaceuticals, and the economic and cost-effective nature of
these pumps.
Based on pressure, the global
vacuum pumps market is segmented into rough vacuum (1 bar to 1 mbar), medium
vacuum (1 mbar to 10–3 mbar), high
vacuum (10–3 mbar to 10–7 mbar), ultra-high vacuum (10–7 mbar to 10–12 mbar), and extreme high vacuum (more than 10–12 mbar). In 2023, the high vacuum (10–3 mbar to 10–7 mbar) segment is
expected to account for the larger share of the global vacuum pumps market. The
pressure levels reached by these types of pumps are higher than any other
rotary vane pump contributing to the large market share of this segment.
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Based on end-use industry, the global
vacuum pumps market is segmented into electronics & semiconductors,
aerospace & defines, chemicals, automotive, healthcare, food & beverage,
industrial manufacturing, oil & gas, mining, construction, energy &
utilities and other end-use industries. In 2023, the oil & gas segment is
expected to account for the largest share of the global vacuum pumps market.
This segment's large market share is attributed to the growing need to boost
the low-pressure gas from a wellhead to a high-pressure pipeline, increasing
demand for oil, gas & petrochemicals, and huge adoption of vacuum pumps
across oil-producing countries such as Saudi Arabia, UAE, and Russia.
Based on geography, the vacuum pumps
market is segmented into North America, Europe, Asia-Pacific, Latin America,
and the Middle East & Africa. In 2023, Asia-Pacific is expected to account
for the largest share of the global vacuum pumps market. The growth of this
market is attributed to the technological advancements in vacuum pumps and the
growing demand for vacuum pumps in emerging economies due to increasing
manufacturing activities in several industries such as pharmaceuticals,
automotive and chemicals.
Key Players:
The key
players operating in the global vacuum pumps market are Atlas Copco AB
(Sweden), Gebr. Becker GmbH (Germany), Flowserve Corporation (U.S.), Graham
Corporation (U.S.), Ingersoll Rand Inc. (U.S.), EBARA CORPORATION (Japan),
ULVAC, Inc. (Japan), Pfeiffer Vacuum Technology AG (Germany), Agilent
Technologies Inc. (U.S.), Shimadzu Corporation (Japan), Kashiyama Industries,
Ltd. (Japan), Wenling Tingwei Vacuum Equipment Co., Ltd (China), VACUUBRAND
GMBH + CO. KG (Germany), Gast Manufacturing, Inc. (U.S.), KNF DAC GmbH
(Germany), Busch Dienste GmbH (Germany), and GlobalVac & Air (U.S.).
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Key Questions Answered in the Report:
· Which are
the high-growth market segments in terms of type, lubrication, pressure,
end-use industry and geography?
· What is the
historical market size for vacuum pumps across the globe?
· What are
the market forecasts and estimates for the period 2023–2030?
· What are
the major drivers, restraints, opportunities, and challenges in the global
vacuum pumps market?
· Who are the
major players in the market, and what are their market shares?
· How is the
competitive landscape for the global vacuum pumps market?
· What are
the recent developments in the global vacuum pumps market?
· What are
the different strategies adopted by the major players in the market?
· What are
the key geographic trends, and which are the high-growth countries?
· Who are the
local emerging players in the global vacuum pumps market, and how do they
compete with other players?
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