Press release
Steady Expansion Forecast for Industrial Vacuum Pumps Market, Projected to Reach $7.62 Billion by 2029
Industrial Vacuum Pumps Market
Industrial Vacuum Pumps Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of industrial vacuum pumps has witnessed robust growth in recent times. The market, which is expected to expand from $5.61 billion in 2024 to $5.93 billion in 2025, will follow a compound annual growth rate (CAGR) of 5.8%. This historical period growth can be traced back to the expansion of the semiconductor industry, growth of the automotive industry, broader applications within the oil and gas sector, increased demand from the pharmaceutical industry, the adoption of vacuum pumps in the food and beverage processing sector, the extension of the chemical industry, and the implementation of vacuum pumps in energy and power generation sectors.
Industrial Vacuum Pumps Market Size Forecast: What's the Projected Valuation by 2029?
In the years to come, the industrial vacuum pumps market is set to exhibit robust growth, with its value expected to reach $7.62 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.5%. This surge in the projected period is a consequence of increasing demands from the pharmaceutical sector, market penetration of vacuum pumps in new markets, focus on energy efficiency and sustainability, and the expanding use of vacuum pumps in aerospace and defence. The forecast period will also see key trends such as the integration of Industry 4.0 technologies in vacuum pump configurations, transition to oil-free and eco-friendly vacuum pump solutions, the incorporation of digital twins and simulation tools for optimizing vacuum systems, the advent of intelligent vacuum pumps equipped with remote control and monitoring, and breakthroughs in vacuum pump technology.
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What Are the Drivers Transforming the Industrial Vacuum Pumps Market?
The expansion of the industrial vacuum pump market is projected to be fueled by the growth in semiconductor production. Semiconductors, which are materials with electrical conductivity that falls between that of a conductor and an insulator, are widely used in electronic devices to regulate the flow of current. The boom in semiconductor manufacturing facilities can be attributed to an increase in the demand for electronic devices, advancements in technology, and the rise of the Internet of Things (IoT). Industrial vacuum pumps, which are necessary to generate and sustain vacuum conditions vital for different fabrication stages like deposition, etching, and wafer handling, are integral to the semiconductor manufacturing process. For instance, the Semiconductor Industry Association (SIA), a national trade association based in the U.S. representing the semiconductor and microchip sectors, stated in May 2024 that worldwide semiconductor sales reached $137.7 billion in Q1 2024, denoting a 15.2% rise compared to Q1 2023. In terms of regions, YoY sales in March surged by 27.4% in China, 26.3% in the Americas, and 11.1% in the Asia-Pacific/All Other regions. Hence, the surging semiconductor manufacturing is propelling the growth of the industrial vacuum pump market.
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What Long-Term Trends Will Define the Future of the Industrial Vacuum Pumps Market?
Leading enterprises in the industrial vacuum pump market are prioritizing the creation of advanced vacuum pumps, including ready-to-plug vacuum pumps, to simplify assembly processes and boost operational performance. These ready-to-plug vacuum pumps are pre-packaged, fully set up devices crafted for prompt installation and operation, guaranteeing fast and effective rollout in multiple applications. For example, in March 2023, Kaishan USA, an American industrial equipment producer, introduced a novel series of industrial vacuum pumps named KRSV, oil-drenched rotary screw vacuum pumps tailored for energy conservation and universal relevance across multiple sectors. These state-of-the-art pumps are fully assembled and pre-set, providing effortless integration into any existing system or standalone use. The pumps are installed with a variable speed drive and variable discharge port airend, offering maximum control and energy efficiency for a wide array of applications such as woodworking, printing, glass manufacturing, ceramics, and medical and laboratory procedures.
Which Segments in the Industrial Vacuum Pumps Market Offer the Most Profit Potential?
The industrial vacuum pumpsmarket 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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Which Firms Dominate the Industrial Vacuum Pumps Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Industrial Vacuum Pumps Market?
North America was the largest region in the industrial vacuum pumps market in 2024. 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.
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