Vacuum Pumps Market Analysis

Vacuum Pumps Market Analysis

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.