Vacuum Pumps Market 2021 Global Industry Size, Share, Growth Analysis and Developments to 2026

The Global Vacuum Pumps Market report size 2021 present’s insights on the current and future development trends, global & regional scale, revenue growth, and profitability. The report also covers market share, production, challenges, constraints, drivers, and including different key players.

The Global “Vacuum Pumps Market” research report offers an overview of several major countries with key factors that are expected to market developments, dynamics, growth drivers, and business factors. The report present Key market segments valued based on Vacuum Pumps market size, growth rate and share. This report declares the historical and current market trends that are create the scope of the Vacuum Pumps industry. Also, it can provide an analysis of the impact of the Covid-19 pandemic that spread across various geographic regions over the globe. In detailed, the report delivers types of products, applications, end-users and countries, among others.

The global vacuum pumps market was valued at USD 2.58 billion in 2020, and it is projected to be worth USD 3.649 billion by 2026, registering a CAGR of 5.89%, during the period 2021 - 2026. 

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Top Companies in the Global Vacuum Pumps Market: Gardner Denver Inc., Atlas Copco Group, Sihi Group B.V (Flowserve), Busch Pumps and Systems, Pfeiffer Vacuum Gmbh, Ulvac Technologies, Graham Corporation, Tuthill Corporation, Becker Pumps Corporation, Ebara Corporation, Dekker Vacuum Technologies Inc., Tsurumi Manufacturing Co., Ltd., and Others.

Industry News and Update:

- In Feb 2020 - Atlas Copco acquired Dekker Vacuum Technologies, Inc., a US supplier of vacuum equipment and service solutions aimed at industrial applications.
This acquisition is expected to complement the existing portfolio of the former, in the liquid ring pump market and ensures a strong reputation serving diverse industrial markets in North America.
- May 2019 - Becker Pumps Corp. introduced two new series of vacuum pumps which are specifically designed for the Primary Packaging market. This announcement by Becker of the successful introduction of the new U 5 Series and Roots Booster Package Series of pumps is of particular significance to all end users in the primary packaging industries. These new pumps are direct replacements for the pumps currently being offered by the competition and are more energy efficient. It can now offer booster pump packages as a plug and play option against the competition.

Key Market Trend:

Natural Gas Extraction in Oil & Gas Sector to Drive the Market Growth

- Vacuum pumps are utilized in a variety of applications due to its versatility, and the oil and gas industry has adopted this machine in extraction and compression of gas, which significantly drives the market.
- Field gas boosting is described as the process of raising low-pressure gas from a wellhead to a high-pressure pipeline. The wellhead has a reasonably low positive pressure and is commonly below atmospheric pressure. Thus, a vacuum pump is required to extract the gas and boost it to a PSI above atmospheric pressure. The gas is then usually delivered to a gas processing plant by a high-pressure compressor through a pipeline.
- The United States boom of shale gas and stabilizing oil prices drive the use of vacuum pumps in the chemical and oil and gas industries. Also, these applications are often exposed to harsh conditions, resulting in low productivity, driving oil and gas companies to replace existing equipment with advanced technologies.
- Enhanced oil recovery is a process that involves putting a vacuum on an oil well to relieve pressure on the well. This increases oil production by allowing the oil to flow more freely through the well, and this application can also recover associated gas at the surface of the well.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Vacuum Pumps Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Frequently Asked Questions about Vacuum Pumps market:

–   Who are the key players operating in the Vacuum Pumps market?
–   Which is the leading segment in the market?
–   At What CAGR is the market projected to grow in the forecast period (2021-2026)?
–   What is the key factor driving the market?
–   Which data rates would lead the market during the forecast period?
–   Which region is expected to dominate the Vacuum Pumps market in the next five years? 

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