Press release
Growing Food and Beverage Industry to Drive Demand for Vacuum Pumps Driver: A Major Catalyst in the Evolution of the Vacuum Pumps Market in 2025
Vacuum Pumps Market Size
Recent years have seen robust growth in the vacuum pumps market, which is projected to rise from $5.5 billion in 2024 to $5.84 billion in 2025, marking a compound annual growth rate (CAGR) of 6.2%. Factors contributing to the growth during the historic period include the formation of new end-use industries, advancements in pharmaceuticals, expansion of the chemical industry, demand from the energy sector, and escalating environmental regulations.
In the coming years, the vacuum pumps market is projected to experience robust expansion, with an expected valuation of $7.36 billion in 2029, reflecting a compound annual growth rate (CAGR) of 5.9%. This anticipated rise during the forecast period can be ascribed to several factors such as the enlargement of the semiconductor sector, the burgeoning energy sphere, the evolution of up-and-coming markets, an increasing emphasis on research and development activities as well as a heightened focus on energy efficacy and sustainability. Key trends to watch in this forecast period encompass integration with industry 4.0, the creation of energy-conserving vacuum pumps employing advanced materials, a shift towards more compact vacuum pumps, progress in high vacuum technologies, as well as the integration of Internet of Things (IoT) technology within vacuum pumps.
What Are the Key Drivers Behind the Growth of the Vacuum Pumps Market?
The vacuum pumps market is forecasted to expand, driven by the growing food and beverage industry. The sector includes the generation, management, packing, and distribution of edible goods and beverages. The escalation of the food and beverage industry is attributed to shifting consumer tastes towards on-the-go food, mounting demand for wholesome and organic selections, and a burgeoning global populace contributing to consumption. In the packaging and manufacturing process of the industry, vacuum pumps are employed to enhance the shelf life and sustain the quality of the product by eliminating air and averting oxidation. For example, in the month of October 2023, the Agriculture and Agri-Food Department of a government department based in Canada reported that exported processed food and beverage products touched a record $54.3 billion in 2022. This marked a 14.1% growth from the preceding year, accounting for 34.7% of the total production value. Thus, the burgeoning food and beverage industry is steering the expansion of the vacuum pumps market.
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Who Are the Major Industry Players Fueling Vacuum Pumps Market Expansion?
Major companies operating in the vacuum pumps market are Atlas Copco AB, Agilent Technologies Inc., Ebara Corporation, Gardner Denver Holdings Inc., ULVAC Technologies Inc., Busch Vacuum Solutions, Pfeiffer Vacuum GmbH, Leybold GmbH, Anest Iwata Corporation, KNF Neuberger GmbH, Graham Corporation, Tuthill Corporation, Becker Pumps Corporation, VACUUBRAND GMBH + CO KG, Dekker Vacuum Technologies Inc., Gast Manufacturing Inc., Osaka Vacuum Ltd., Welch Vacuum Technology Inc., Wenling Tingwei Vacuum Equipment Co. Ltd, Kashiyama Industries Ltd.
Which Key Developments Are Influencing the Vacuum Pumps Market?
Leading companies in the vacuum pump industry are innovating and producing new products like dry-running vacuum pumps to secure a competitive advantage. Dry-running vacuum pumps are machines that suck out gas molecules from an airtight volume, generating a low-pressure or semi-vacuum environment. For example, Flowserve Corporation, an American company renowned for its flow control goods and services, introduced a groundbreaking dry-running vacuum pump known as the SIHI Boost UltraPLUS, in March 2023. Notable for its capability to curtail cycle times by 50% or more for batch processes, it presents itself as an efficient solution for load lock situations. While the new pump model maintains the positive features of the initial SIHI Boost pumps such as oil-free functioning and full electronic synchronization, it goes a step further, reducing the re-acceleration period by around half.
How Is the Segmentation of the Vacuum Pumps Market Defined?
The vacuum pumps market covered in this report is segmented -
1) By Pump Type: Positive Displacement, Dry Vacuum, Centrifugal, Momentum Transfer
2) By Mechanism: Gas Transfer, Gas Binding
3) By Pressure: Low Vacuum Pumps, Medium Vacuum Pumps, High Vacuum Pumps, Ultra-High Vacuum Pumps, Extreme High Vacuum Pumps
4) By End-User: Automotive, Chemical And Petrochemical, Aerospace And Defense, Oil And Gas, Healthcare And Pharmaceuticals, Other End-Users
Subsegments:
1) By Positive Displacement Pumps: Rotary Vane Pumps, Piston Pumps, Diaphragm Pumps, Liquid Ring Pumps, Screw Pumps
2) By Dry Vacuum Pumps: Dry Screw Pumps, Dry Diaphragm Pumps, Dry Scroll Pumps, Dry Claw Pumps, Dry Piston Pumps
3) By Centrifugal Pumps: Single-Stage Centrifugal Pumps, Multi-Stage Centrifugal Pumps, High-Capacity Centrifugal Pumps, Low-Pressure Centrifugal Pumps
4) By Momentum Transfer Pumps: Turbomolecular Pumps, Molecular Pumps, Cryogenic Pumps, Booster Pumps
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What Is the Leading Region in the Vacuum Pumps Market?
Asia-Pacific was the largest region in the vacuum pumps market in 2023. The regions covered in the vacuum pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Vacuum Pumps Global Market Report?
- Market Size Analysis: Analyze the Vacuum Pumps Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Vacuum Pumps Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Vacuum Pumps Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Vacuum Pumps Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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