Press release
Industrial Vacuum Pumps Market Size Forecasted To Achieve $7.98 Billion By 2029 With Steady Growth
Industrial Vacuum Pumps
What Is the Industrial Vacuum Pumps Market Size and Projected Growth Rate?
The industrial vacuum pumps market size has grown strongly in recent years. It will grow from $5.61 billion in 2024 to $6.03 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to the growth of the semiconductor industry, expansion of the automotive industry, increasing applications in the oil and gas sector, rise in demand from the pharmaceutical industry, adoption of vacuum pumps in food and beverage processing, expansion of the chemical industry, and utilization of vacuum pumps in energy and power generation.
The industrial vacuum pumps market is set to grow to $7.98 billion by 2029, at a CAGR of 7.3%. This growth is attributed to the pharmaceutical sector's demand and the shift to oil-free pump solutions. Trends include smart vacuum pumps, energy-efficient designs, and the integration of simulation tools.
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What Are the Major Segments in the Industrial Vacuum Pumps Market?
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
Subsegments:
1) By Rotary Vacuum Pumps: Rotary Vane Vacuum Pumps, Rotary Screw Vacuum Pumps, Scroll Vacuum Pumps
2) By Reciprocating Vacuum Pumps: Single-Stage Reciprocating Vacuum Pumps, Two-Stage Reciprocating Vacuum Pumps
3) By Kinetic Vacuum Pumps: Turbomolecular Vacuum Pumps, Diaphragm Vacuum Pumps
4) By Dynamic Pumps: Jet Pumps, Roots Vacuum Pumps
5) By Specialized Vacuum Pumps: Cryogenic Vacuum Pumps, Oil-Lubricated Vacuum Pumps, Dry Vacuum Pumps, Liquid Ring Vacuum Pumps
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What Are The Driving Industrial Vacuum Pumps Market Evolution?
The rise in semiconductor production is expected to support the growth of the industrial vacuum pump market. Semiconductors, which are essential components in modern electronics, are seeing increasing production due to high demand for devices and IoT technologies. Vacuum pumps are crucial in semiconductor fabrication, helping create vacuum environments for processes like etching and deposition. For example, in May 2024, the Semiconductor Industry Association reported that global semiconductor sales totaled $137.7 billion in Q1 2024-a 15.2% increase year-over-year. Regional growth included 27.4% in China, 26.3% in the Americas, and 11.1% in Asia-Pacific/All Other. Thus, growing semiconductor manufacturing is driving the industrial vacuum pump market.
Which Firms Dominate The Industrial Vacuum Pumps Market Segments?
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
What Industrial Vacuum Pumps Market Trends Are Gaining Traction Across Different Segments?
Leading organizations in the industrial vacuum pump market are prioritizing the development of innovative vacuum pumps like ready-to-plug vacuum pumps to simplify the installation method and improve operational efficacy. These ready-to-plug vacuum pumps are fully configured and pre-assembled, designed for immediate usage and installation, thus providing speedy and effective deployment across various applications. For example, Kaishan USA, a well-known industrial equipment manufacturer based in the US, released a novel series of industrial vacuum pumps in March 2023, named KRSV. These oil-inundated rotary screw vacuum pumps are specially designed for energy-saving and broad relevance in numerous sectors. These cutting-edge pumps are fully packaged and pre-configured, enabling smooth integration into any system or standalone operation. The pumps are equipped with a variable speed drive and variable discharge port airend, delivering the best control and energy conservation for a wide range of applications including woodworking, printing, glass production, ceramics, medical and laboratory processes.
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Which Is The Largest Region In The Industrial Vacuum Pumps Market?
North America was the largest region in the industrial vacuum pumps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial vacuum pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Vacuum Pumps Market?
2. What is the CAGR expected in the Industrial Vacuum Pumps Market?
3. What Are the Key Innovations Transforming the Industrial Vacuum Pumps Industry?
4. Which Region Is Leading the Industrial Vacuum Pumps Market?
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