Meticulous Research®—a leading global market research company, published a research report titled, "Vacuum Pumps Market by Type (Gas Transfer Pumps, Gas Binding/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 grow from an estimated $5.51 billion in 2023 to $7.57 billion by 2030, at a CAGR of 4.6% during the forecast period. This growth is driven by the increasing adoption of vacuum pumps in the mining industry, their growing importance in the chemicals industry, and expansion in the automotive sector. However, the market growth is restrained by the high power consumption of vacuum pumps.
Opportunities for market growth are expected from the rising adoption of vacuum pumps for seawater desalination and their growing significance in the photovoltaics value chain. A major challenge for market growth is the improper installation of vacuum pumps.
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.
Based on type, the global vacuum pumps market is divided into gas transfer pumps, gas binding/entrapment pumps, and other vacuum pumps. In 2023, the gas transfer pumps segment is expected to hold the largest share due to their high efficiency, low maintenance cost, and ease of operation in applications like chemical processing and vacuum deposition processes.
Based on lubrication, the market is segmented into dry and wet vacuum pumps. In 2023, the wet vacuum pumps segment is anticipated to have the larger share due to their high pumping speeds, growing demand in industries such as chemical processing and pharmaceuticals, and cost-effectiveness.
Based on pressure, the market is categorized 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). The high vacuum (10–3 mbar to 10–7 mbar) segment is expected to dominate in 2023 due to its ability to achieve higher pressure levels compared to other rotary vane pumps.
Based on end-use industry, the market is segmented into electronics & semiconductors, aerospace & defense, chemicals, automotive, healthcare, food & beverage, industrial manufacturing, oil & gas, mining, construction, energy & utilities, and other industries. The oil & gas segment is expected to hold the largest share in 2023 due to the growing need to boost low-pressure gas to high-pressure pipelines, increased demand for oil, gas, and petrochemicals, and significant adoption in oil-producing countries like Saudi Arabia, UAE, and Russia.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to lead the market, driven by technological advancements in vacuum pumps and rising demand in emerging economies due to increasing manufacturing activities in industries like pharmaceuticals, automotive, and chemicals.
Key Players:
The key players in the global vacuum pumps market include 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:
1. Which are the high-growth market segments in terms of type, lubrication, pressure, end-use industry, and geography?
2. What is the historical market size for vacuum pumps across the globe?
3. What are the market forecasts and estimates for the period 2023–2030?
4. What are the major drivers, restraints, opportunities, and challenges in the global vacuum pumps market?
5. Who are the major players in the market, and what are their market shares?
6. How is the competitive landscape for the global vacuum pumps market?
7. What are the recent developments in the global vacuum pumps market?
8. What are the different strategies adopted by the major players in the market?
9. What are the key geographic trends, and which are the high-growth countries?
10. Who are the local emerging players in the global vacuum pumps market, and how do they compete with other players?
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