As per this study the Global Vacuum Pumps Market was valued USD XX BN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of 8.4%.
The vacuum pump is a device used to remove gas from an enclosed space by leaving a partial vacuum. These are extensively used in plastic and composite molding, manufacturing of vacuums tubes and electric lamps, to process semiconductor, coating process, air conditioning systems and in various medical application. Major application areas of vacuum pumps are automotive, energy, chemical, semiconductor, and healthcare sector.
Market Dynamics
High demand for vacuum pumps from automotive, medical, semiconductors, chemical, energy and medical application is driving the market growth. The major use of vacuum pumps to clean engine and machinery to extend their shelf life has widened its application areas. Also, increasing investment in industries coupled with rising R&D of the major players towards the production of small-scale, energy efficient vacuum pumps is likely to foster the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis, and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of vacuum pumps.
Market Segmentation
The broad vacuum pumps market has been sub-grouped into type and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Lubrication
- Dry Vacuum Pumps
- Wet Vacuum Pumps
By Technology
- Gas Capture/Binding Pumps (Gas Displacement Pumps, Kinetic Pumps)
- Gas Transfer Pumps
By Product
- Low Vacuum Pumps
- Medium Vacuum Pumps
- High Vacuum Pumps
By Industry
- Chemical & Pharmaceutical
- Semiconductor & Electronics
- Oil & Gas
- Food & Beverages
- Wood, Paper & Pulp
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for vacuum pumps in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Vacuum Pumps Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the vacuum pumps market include ULVAC Inc., Gardner Denver, Leybold GmbH, Agilent Technologies Inc., Busch Vacuum Solutions, Flowserve Corporation, KNF Neuberger, Gebr. Becker GmbH, Pfeiffer Vacuum Technology AG, and Atlas Copco. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.