Meticulous Research® has issued a new report titled ‘Vacuum Pumps Market by Type (Rotary Vane, Dry, Liquid Ring, Screw, Claw), Lubrication (Oil-sealed, Dry), Pressure (Low, Medium, High), End-use Industry (Mining, Chemicals, Automotive, Others), and Geography - Global Forecast to 2030’.
This analysis projects the vacuum pumps market to expand from USD 5.51 billion in 2023 to USD 7.57 billion by 2030, growing at a CAGR of 4.6% throughout the forecast period. Key growth drivers include the rising application of vacuum pumps in mining operations, their increasing importance in the chemicals sector, and advancements in automotive technologies. High power consumption remains a significant market challenge.
Opportunities for growth are emerging from the adoption of vacuum pumps in seawater desalination and the photovoltaics sector. However, improper installation of vacuum pumps could impede market growth.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/vacuum-pumps-market-5500
Market Segmentation
• By Type: Rotary vane, dry, liquid ring, screw, and claw vacuum pumps. The rotary vane segment is expected to lead due to its efficiency and extensive use in various industrial processes.
• By Lubrication: Oil-sealed and dry vacuum pumps. Oil-sealed pumps are anticipated to dominate the market, known for their robustness and effectiveness in demanding environments.
• By Pressure: Low, medium, and high-pressure vacuum pumps. High-pressure pumps are projected to experience significant growth due to their role in specialized industrial processes.
• By End-use Industry: Mining, chemicals, automotive, and others. The mining industry is expected to capture the largest market share, driven by the need for advanced vacuum technologies in mineral processing.
• By Geography: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is forecasted to grow the fastest, driven by rapid industrialization and increased infrastructure investment.
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Major Market Players
• Atlas Copco AB: Located in Nacka, Sweden, Atlas Copco provides a wide range of industrial solutions, including vacuum pumps. The acquisition of Leybold GmbH in 2016 has strengthened their market presence.
• EBARA CORPORATION: Tokyo, Japan-based EBARA CORPORATION offers various pumps and systems, including dry vacuum pumps for semiconductor and display manufacturing.
• Flowserve Corporation: Texas, U.S.-based Flowserve specializes in flow control systems and offers pumps and seals used in critical industries such as oil and gas and power generation.
• Graham Corporation: Based in Delaware, U.S., Graham Corporation is known for its vacuum and heat transfer technologies, with its vacuum equipment segment playing a significant role.
• ULVAC, Inc.: Kanagawa Prefecture, Japan-based ULVAC manufactures vacuum equipment and components for industries including semiconductors and pharmaceuticals.
• Ingersoll Rand Inc.: Headquartered in North Carolina, U.S., Ingersoll Rand produces a variety of air and gas compression products. The merger with Gardner Denver Holdings in 2020 has expanded their market capabilities.
• Pfeiffer Vacuum Technology AG: Asslar, Germany-based Pfeiffer Vacuum offers a comprehensive range of vacuum technology products, including turbomolecular pumps and helium leak detectors.
• Agilent Technologies Inc.: California, U.S.-based Agilent provides laboratory equipment and services, including vacuum pumps for various industrial applications.
• Shimadzu Corporation: Kyoto, Japan-based Shimadzu develops and manufactures analytical instruments and vacuum equipment for sectors such as healthcare and industrial manufacturing.
• Gebr. Becker GmbH: Wuppertal, Germany-based Gebr. Becker is a leading manufacturer of vacuum pumps, compressors, and regenerative blowers.
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