Vacuum Pump Market Size, Share, and Trends Analysis Report, By Type (Rotary Vacuum Pumps, Reciprocating Vacuum Pumps, Kinetic Vacuum Pumps, Dynamic Pumps, and Specialized Vacuum Pumps), and By End-User (Oil and Gas, Electronics, Medicine, Chemical Processing, Food and Beverages, Power Generation, and Others) Forecast Period (2022-2028)

The global vacuum pump market is anticipated to grow at a CAGR of 7.1 % during the forecast period (2022-2028). A vacuum pump is a mechanical device that removes gas molecules from a sealed space to create a vacuum. The need for vacuum pumps is increasing as more vacuum pumps are used in the power, oil and gas, chemical processing, and semiconductor industries, which is propelling the growth of the market during the forecast period

Some driving factors for the global vacuum pump market are:

• The market is predicted to grow due to the rising use of MEMS technology in the vacuum pump industry. Since people’s perceptions of their surrounding environment have evolved, MEMS-based environmental hubs and gas sensor vacuum pumps are becoming more common. Due to pollution, people are more concerned about the air they breathe, both inside and outside their homes. The increasing concerns for health are expected to drive the market growth during the forecast period.
• Dry vacuum pumps are seeing a boom in potential due to strong growth in the semiconductor industry, whereas liquid ring vacuum pumps are widely used in the pulp and paper, as well as the oil and gas industries. Demand for high vacuum quality and energy-efficient pumps is increasing in order to lower total operating costs, which is additionally, boosting the rise of dry vacuum pumps.
• Furthermore, the market has seen activity to increase manufacturing capacity, driven by a strong desire to meet demand from the semiconductor industry. For instance, in October 2020, EBARA Precision Machinery Europe (EPME), a subsidiary of EBARA Corporation (EBARA) in Germany, announced the opening of a new dry vacuum pump maintenance center.

Some major players in the market include Ingersoll Rand Inc., Atlas Copco, Flowserve Corp., Busch Vacuum Solutions (Busch group), and Pfeiffer Vacuum Technology AG, among others. The market players are additionally, contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance,

• In August 2021, Pfeiffer Vacuum introduced the HiPace 80 Neo turbopump, which has a longer service life and lowers vibration and noise emissions. The novel, advanced Laser Balancing method developed for turbopump rotors enables these advantages.
• In April 2020, Busch Israel donated vacuum pumps to a Palestinian hospital in need of vacuum technology. Hospitals are having trouble managing the growing number of corona patients that require urgent medical treatment as a result of the corona crisis

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- Ingersoll Rand Inc., Atlas Copco, Flowserve Corp., Busch Vacuum Solutions (Busch group), Pfeiffer Vacuum Technology AG, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Vacuum Pump Market Report by Segment

By Type

• Rotary Vacuum Pumps
• Reciprocating Vacuum Pumps
• Kinetic Vacuum Pumps
• Dynamic Pumps
• Specialized Vacuum Pumps

By End-User

• Oil and Gas
• Electronics
• Medicine
• Chemical Processing
• Food and Beverages
• Power Generation
• Others

Global Vacuum Pump Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa