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Industrial Vacuum Pumps Glycol Global Market Report 2024 Global Market Analysis, Trends, Growth, Research And Forecast 2033
Industrial Vacuum Pumps Glycol Global Market
As per the report, the industrial vacuum pumps market size has grown strongly in recent years. It will grow from $5.23 billion in 2023 to $5.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The industrial vacuum pumps market size is expected to see strong growth in the next few years. It will grow to $7.45 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
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Growth in Semiconductor Manufacturing Drives Demand For Industrial Vacuum Pumps
The growth in semiconductor manufacturing is expected to propel the growth of the industrial vacuum pump market going forward. A semiconductor refers to a material with electrical conductivity between a conductor and an insulator, used extensively in electronic devices to control current flow. The rise of semiconductor manufacturing facilities is due to growing demand for electronic devices, technological advancements, and the Internet of Things (IoT) expansion. Industrial vacuum pumps are essential in semiconductor manufacturing processes for creating and maintaining vacuum environments critical for various fabrication steps, such as deposition, etching, and wafer handling. For instance, in May 2024, the Semiconductor Industry Association (SIA), a U.S.-based national trade association representing the semiconductor and microchip industries, reported that worldwide sales of semiconductors totaled $137.7 billion during the first quarter of 2024, marking a 15.2% increase compared to the first quarter of 2023. Regionally, year-over-year sales in March increased by 27.4% in China, 26.3% in the Americas, and 11.1% in Asia Pacific/All Other regions. Therefore, growth in semiconductor manufacturing is driving the industrial vacuum pump market.
Innovation Drives Advancements In The Industrial Vacuum Pump Market
Major companies operating in the industrial vacuum pump market are focusing on developing advanced vacuum pumps, such as ready-to-plug vacuum pumps, to streamline installation processes and enhance operational efficiency. Ready-to-plug vacuum pumps are pre-assembled, fully configured units designed for immediate installation and use, ensuring quick and efficient deployment in various applications. For instance, in March 2023, Kaishan USA, a US-based industrial equipment manufacturer, launched a new series of industrial vacuum pumps, the KRSV, which are oil-flooded rotary screw vacuum pumps designed for energy efficiency and universal applicability across various industries. The innovative pumps come fully packaged and pre-configured, offering seamless integration into any system or standalone operation. These pumps feature a variable speed drive and variable discharge port airend, offering optimal control and energy savings for diverse applications such as woodworking, printing, glass production, ceramics, and medical and laboratory processes.
The industrial vacuum pumps market covered in this report is segmented -
1) By Type: Rotary Vacuum Pumps, Reciprocating Vacuum Pumps, Kinetic Vacuum Pumps, Dynamic Pumps, Specialized Vacuum Pumps
2) By Application: Reaction Process, Drying Process, Distillation Process, Crystallization Process
3) By End-User: Food And Beverage, Energy And Power, Pharmaceutical, Chemical, Semiconductor, Oil And Gas, Automotive, Other End Users
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Major companies operating in the industrial vacuum pumps market are Atlas Copco AB, Agilent Technologies Inc., GEA Group AG, MANN+HUMMEL Group, Gardner Denver Holdings Inc., Edwards Vacuum Limited, Busch Vacuum Solutions Inc., Pfeiffer Vacuum Technology AG, Tuthill Corporation, Oerlikon Leybold Vacuum GmbH, Leybold GmbH, Gebr. Becker GmbH, PIAB AB, Graham Corporation, Becker Pumps Corporation, Gast Manufacturing Inc., MDC Vacuum Products LLC, ULVAC Technologies Inc., DEKKER Vacuum Technologies Inc., DVP Vacuum Technology Co. Ltd., Precision Plus Vacuum Parts, MIL'S S.A.S., BGS General Srl, Pompetravaini S.p.A., Samson Pumps A/S
Contents of the report:
1. Executive Summary
2. Industrial Vacuum Pumps Market Report Structure
3. Industrial Vacuum Pumps Market Trends And Strategies
4. Industrial Vacuum Pumps Market - Macro Economic Scenario
5. Industrial Vacuum Pumps Market Size And Growth
…..
27. Industrial Vacuum Pumps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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