Press release
Vacuum Pumps Market to Reach $4.49 Bn by 2030 at 5.8% CAGR Growth
Vacuum Pumps Market
The global vacuum pumps market is on a trajectory of substantial growth, driven by advancements in various industries and increasing technological applications. Projections indicate that the market size is expected to reach nearly USD 4.49 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period.
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Competitive Landscape and Regional Demand
The vacuum pumps industry is characterized by intense competition, with key players such as Atlas Copco, Flowserve, Becker Pumps, Busch Group, Ingersoll Rand, Ebara Corporation, Graham Corporation, ULVAC, Inc., GlobalVac & Air, Pfeiffer Vacuum GmbH, Sulzer Ltd., HCP Pump Manufacturer Co., Ltd., Schlumberger Ltd., ITT Inc., and HERMETIC-Pumpen GmbH leading the market.
Regionally, Asia Pacific dominates the market, accounting for approximately 47.2% of the revenue share in 2022, primarily due to the strong presence of chemical and semiconductor manufacturers.
United States: Growth Opportunities and Trends
The United States holds a significant share in the vacuum pumps market, driven by surging demand in renewable energy sectors, particularly in hydrogen production and carbon capture technologies requiring advanced vacuum systems.
Asia Pacific: Growth and Consolidation
Asia Pacific continues to dominate the vacuum pumps market, holding over 45.0% of the market share in 2024. The region's robust industrialization, particularly in electronics, semiconductor manufacturing, and automotive sectors, drives substantial demand for vacuum pumps. Additionally, the expanding healthcare and pharmaceutical industries further contribute to the market's growth.
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Middle East and Africa: Trends and Consolidation
The Middle East and Africa (MEA) vacuum pumps market is experiencing growth, driven by rising energy demand and the recovery of significant project activities post-economic downturn. The Gulf Cooperation Council (GCC) countries are anticipated to lead the market, owing to the oil and gas industry's rising demand for vacuum pumps. Prominent companies in the MEA region include Gardner Denver, Inc., Pfeiffer Vacuum GmbH, Ebara Corporation, ULVAC, Inc., Dekker Vacuum Technologies, Inc., Graham Corporation, and Atlas Copco AB.
Europe: Growth Opportunities and Trends
In Europe, the vacuum pumps market is witnessing growth, driven by diverse industrial applications and technological advancements. The flourishing automotive sector, where vacuum pumps are crucial for enhancing brake performance and fuel efficiency, significantly contributes to the market. For instance, according to the European Automobile Manufacturers' Association, overall motor vehicle manufacturing accounts for a share of 15.3% of global vehicle production.
Recent Developments and Mergers & Acquisitions
In March 2022, the Government of Canada invested approximately USD 240 million to expand its presence in photonics and semiconductor manufacturing.
In September 2022, Atlas Copco AB launched a new series of speed-driven screw pumps in three pumping speed classes (GHS 1402, GHS 1602, and GHS 2002 VSD+), featuring a new design for better performance, optimal oil separation, a smaller footprint, and an innovative new controller.
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Market Segmentation: In-Depth Analysis:
by Lubrication
Dry
Wet
by Pressure
Low vacuum pumps
Medium vacuum pumps
High vacuum pumps
Ultra-high vacuum pumps
Extreme high vacuum pumps
Due to the rapid growth of its end-user industries, the high vacuum pumps segment saw the fastest growth and the highest revenue by application range in 2023. These application ranges are used in extremely important application areas and can attain the ultimate pressure as low as 10-10 pascals.
by End user
Automotive
Chemical and Petrochemical
Aerospace and Defense
Oil and Gas
Healthcare and Pharmaceuticals
Others
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-vacuum-pumps-market/33082/
Learn about the top players driving innovation in the Market :
1. Busch
2. Atlas Copco
3. Becker
4. Gardner Denver
5. Pfeiffer
6. Ebara
7. ULVAC
8. Shimadzu
9. Agilent
10. DEKKER
11. Kashiyama
12. KNF Neuberger
13. Graham Corporation
14. Tsurumi Manufacturing Co. Ltd
15. Flowserve Corporation.
16. Sihi Group B.V
17. Gast Manufacturing, Inc.
18. Vooner
19. Edwards
20. Tuthill Corporation
21. BGS GENERAL
22. Don Whitley Scientific Limited
23. Hygeco International Products
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