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Vacuum Pumps Market size is anticipated to record over 7.4% CAGR from 2023 to 2032. Driven by rapid developments across the global semiconductor and electronics sector.
Vacuum pumps play a key role in several applications within the semiconductor and electronics industry as they are employed for the creation and maintenance of vacuum environment to aid numerous manufacturing and research processes. The growing prominence of nanotechnology in line with the rising usage of electronic devices has steered the higher need for controlled vacuum conditions in material characterization, surface analysis, and nanofabrication processes. Increasing adoption of vacuum pumps to facilitate the testing as well as packaging processes in the electronics industry will add to the market growth.
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The rising prominence of MMES technology led by the growing adoption of consumer electronics, such as smartphones, tablets, and video game systems will stimulate the industry expansion. However, the increasing threat of supply collapses combined with the escalating maintenance and operational costs from the usage of vacuum pumps may pose as a restraint for product manufacturers, leading to restricted market growth.
Report Coverage | Details |
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Base Year: | 2022 |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | >7.4% |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 350 |
Tables, Charts & Figures: | 533 |
Segments covered: | Lubrication, Technology, Product, End-user, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The COVID-19 pandemic presented numerous challenges for the vacuum pumps industry on account of the hampered global supply chains and fluctuating demand for several products and services due to difficulties in skilled labor, sourcing raw materials and components. The slowdown and temporary shutdown along with the declining activities of several industries, including automotive, manufacturing, aerospace, and oil and gas sectors also reduced the need for vacuum pumps.
Moreover, the pandemic made way for increased demand for various equipment, including vacuum pumps in the medical and healthcare sectors in applications, like ventilators, suction devices, and laboratory equipment. The growing R&D efforts for understanding the virus, developing vaccines, and improving testing capabilities also influenced the market growth.
Extensive adoption in the pharmaceutical industry will drive the market expansion. Vacuum pumps are used in all manufacturing stages, including distillation, drying, crystallization, degassing, sublimation, and filling. In recent years, different types of vacuum pumps, including diaphragm pumps, rotary vane pumps, or liquid ring pumps are largely deployed to cater to specific needs of the pharmaceutical processes and applications. Increasing adoption in pharmaceutical packaging, such as blister packs and vacuum-sealed containers will further anchor the market growth.
Dry vacuum pumps market size is estimated to observe substantial growth through 2032, owing to advantages, such as lower maintenance and less frequent oil changes. Dry vacuum pumps are widely deployed in semiconductor manufacturing processes, including wafer fabrication, etching, and deposition for preventing contamination while ensuring high-quality semiconductor production. Extensive usage in the food processing sector in processes, including freeze-drying, vacuum packaging, and deaeration will add to the segment expansion.
Based on product, the high vacuum pumps market is expected to register more than 5% CAGR up to 2032. This growth can be attributed to the rising adoption of high vacuum pumps in mass spectroscopy, electron microscopy, evaporation coating, and space technology. These pumps are widely adopted to offer low-pressure environments in several scientific, industrial, and technological applications. Rising adoption in freeze-drying processes for removing moisture from sensitive materials, including food products, pharmaceuticals, and biological samples will boost the segment growth.
Asia Pacific will account for sizeable share of the global vacuum pumps market till 2032 due to the massive production of electronic gadgets in China, South Korea, and India. The rapid infrastructure development has led to the surge in the number of construction projects for applications, such as material handling, concrete pumping, and sewage systems. According to IBEF (India Brand Equity Foundation), India plans to invest US$ 1.4 trillion on infrastructure from 2019-23 for sustainable developments in the country. The surge in R&D activities and the subsequent adoption of vacuum pumps in laboratories and research facilities will contribute to the regional growth.
Some of the key participants in the vacuum pumps industry 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, among others.
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Market, By Lubrication
Market, By Technology
Market, By Product
Market, By Industry
The above information is provided on a regional and country basis for the following: