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Vacuum Pumps Market Size By Lubrication (Dry, Wet), By Technology (Gas Capture/Binding Pumps, Gas Transfer Pumps [Positive Displacement Pumps, Kinetic Pumps]), By Product (Low Vacuum, Medium Vacuum, High Vacuum), By Industry (Chemical & Pharmaceutical, Semiconductor & Electronics, Oil & Gas, Food & Beverages, Wood, Paper & Pulp), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI2667
  • Base Year: 2020
  • Report Format: PDF

Industry Trends

Vacuum Pumps Market size exceeded USD 5.05 billion in 2020 and is projected to grow at a CAGR of over 5.8% from 2021 to 2027. The industry shipments are expected to cross 3,484.9 thousand units by 2027. Vacuum pumps find growing usage in the healthcare sector along with rising oil & gas exploration activities.
 

Vacuum Pumps Market

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Significant developments in the semiconductor & electronics sectors are likely to boost the industry growth. For instance, the Semiconductor Industry Association reported the worldwide sales of semiconductors to be USD 144.8 billion in the third quarter of 2021, which indicated a year-on-year growth of 27.6% compared to Q3 2020. Moreover, the sales were also 7.4% higher than in the second quarter of 2021. Since vacuum pumps find a key role in the productivity of semiconductors, the fueling global demand for chips and extraordinary production efforts by industry participants are certain to fuel consumption of these pumps.
 

The surging demand for electronic devices, triggered by the outbreak of coronavirus, is also attributable to the high adoption of the work from home culture. Furthermore, European and American electronics manufacturers are attempting to expand operations in emerging economies through technological developments and well-established distribution networks. Additionally, the growing traction of consumer electronics among the youth of China and India is most likely to positively influence the market revenue. On the other hand, the threat of supply collapse coupled with maintenance and operational costs associated with the usage of vacuum pumps may present challenges for product manufacturers and other industry players.
 

Dry vacuum pumps to foster growth on the account of low oil contamination

Dry vacuum pumps market is poised to generate around USD 3 billion revenue by 2027 as these are witnessing traction from application areas where oil contamination is a crucial factor. These pumps can efficiently minimize the contamination from either oil or any other chemistries; hence, keeping the product’s purity intact. In addition, dry vacuum pumps require less attention as maintenance is reserved for less frequent oil changes. Although dry pumps deliver low capacity compared to a similar-sized wet pump, the unique nature of their pumping mechanism is propelling demand across industries that highly emphasize oil-free operations such as food & beverages and healthcare, among others.
 

High vacuum pumps to impart growth

High vacuum pumps market is expected to emerge as the fastest-growing market and is anticipated to register growth rate of around 5% till 2027. High vacuum pumps can provide a vacuum pressure range as low as 10-10 to 10-12 Torr for specific crucial applications such as mass spectroscopy, evaporation coating, electron microscopy, and space technology. They are employed where the required vacuum environment cannot be achieved by low and medium pumps. However, they are used in combination, medium & low vacuum backing, and booster pumps for an efficient operation.
 

Growing consumption of fine and specialty chemicals in chemical sector

Vacuum Pumps Market Size By End-user

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Chemical and pharmaceutical end-users is estimated to account for above 650 thousand units demand by 2027. Vacuum pumps are popularly used in the pharmaceutical and chemicals industries for a wide range of applications such as crystallization, evaporation, absorption, filtration, mixing, and drying, among others. Additionally, the accelerating consumption of fine & specialty chemicals in these sectors is further augmenting the adoption of vacuum pumps.
 

Asia Pacific to be the dominating region

Vacuum Pumps Market Size By Region

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Asia Pacific will dominate the global vacuum pumps market and is slated to surpass about USD 3.8 billion revenue by 2027. The presence of several electronic gadget manufacturers in countries including China, South Korea, and India will be the main driving force behind the regional market growth. Moreover, the presence of several small, medium & large chemical manufacturers will also influence the APAC industry statistics.
 

Key players to bank upon strategic initiatives for business performance

The vacuum pumps market is highly fragmented with the presence of several well-established and small players. Some of the prominent participants include Leybold GmbH, ULVAC Inc., Gardner Denver, Agilent Technologies Inc., Pfeiffer Vacuum Technology AG, Gebr. Becker GmbH, and Atlas Copco, among others.
 

Companies are emphasizing on strategic initiatives to foster growth and gain a competitive edge in the market. These initiatives may include mergers, acquisitions, production capacity expansion, geographical expansion, etc.
 

This market research report on vacuum pumps includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2017 to 2027, for the following segments:

Market, By Lubrication

  • Dry Vacuum Pumps 
  • Wet Vacuum Pumps

Market, By Technology

  • Gas Capture/Binding Pumps
    • Gas Displacement Pumps
    • Kinetic Pumps
  • Gas Transfer Pumps

Market, By Product

  • Low vacuum pumps
    • Chemical & Pharmaceutical
    • Semiconductor & Electronics
    • Oil & Gas
    • Food & Beverages
    • Wood, Paper & Pulp
    • Others
  • Medium Vacuum Pumps
    • Chemical & Pharmaceutical
    • Semiconductor & Electronics
    • Oil & Gas
    • Food & Beverages
    • Wood, Paper & Pulp
    • Others
  • High Vacuum Pumps
    • Chemical & Pharmaceutical
    • Semiconductor & Electronics
    • Oil & Gas
    • Food & Beverages
    • Wood, Paper & Pulp
    • Others

Market, By Industry

  • Chemical & Pharmaceutical
  • Semiconductor & Electronics
  • Oil & Gas
  • Food & Beverages
  • Wood, Paper & Pulp
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

 

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The market size of vacuum pumps crossed USD 5,050.4 million in 2020 and will witness a CAGR of over 5.8% through 2027 with growing demand from healthcare and oil & gas sectors.

Dry vacuum pumps segment is poised to generate around USD 3 billion revenue by 2027 with increasing demand to efficiently minimize the contamination from either oil or any other chemistries.

Asia Pacific market will record a valuation of around USD 3.8 billion by 2027 owing to the presence of various electronic gadget manufacturers in China, South Korea, and India.

The prominent vacuum pumps industry participants include Leybold GmbH, ULVAC Inc., Gardner Denver, Agilent Technologies Inc., Pfeiffer Vacuum Technology AG, Gebr. Becker GmbH, and Atlas Copco, among others.

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Premium Report Details

  • Published Date: Nov 2021
  • Companies covered: 15
  • Tables & Figures: 533
  • Countries covered: 21
  • Pages: 350

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