Vacuum Pumps Market 2022 Analysis by Top Manufacturers – Gardner Denver Inc., Atlas Copco Group, Sihi Group B.V (Flowserve), Busch Pumps and Systems

The Vacuum Pumps Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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 Leading Companies of Vacuum Pumps Market are 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 Updates

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 Trends

North America to Account for a Major Share

- Increasing investments in end-user industries, such as oil & gas, chemical, and power generation, as a result of increased natural gas production, are positively impacting the vacuum pump market in North America. The United States and Canada have abundant oil reserves and are trying to utilize their oil sands resources.

- Energy production in the US continues to expand rapidly. For instance, ExxonMobil, one of the leading oil producers in the country, announced its plans to increase the production activity in the Permian Basin of West Texas by producing more than 1 million barrels per day (bpd) of oil- equivalent by as early as 2024.

- The US is home to iconic hydropower projects. Grand Coulee Dam built across the Columbia River in Washington is one of the best hydropower projects and generates about two-thirds of the state's electricity requirement. In April 2019, the US Department of Energy (DOE) announced the funding of up to USD 26.1 million to advance the marine and hydrokinetics (MHK) industry and increase hydropower's ability to serve a flexible grid resource, as a part of innovation drive for industry-led technology solutions.

Regional Outlook of Vacuum Pumps Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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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 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.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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