Press release
Analysis of Key Market Segments Influencing the Vacuum Pumps Market
Vacuum Pumps Market
Projected Market Expansion for Liquid Ring Vacuum Pumps
The liquid ring vacuum pumps market is anticipated to experience robust growth, reaching a valuation of $3.52 billion by 2029. This expansion corresponds to a compound annual growth rate (CAGR) of 8.2%. Factors propelling this growth include the move towards energy-efficient and low-maintenance pump designs, the incorporation of IoT and condition monitoring technologies to enable predictive maintenance, and an increased focus on waste reduction and resource recovery across multiple industries. Additionally, rising demand for pumps designed to handle hazardous and corrosive environments, alongside growing use of vacuum technology in semiconductor and electronics manufacturing, contributes to the market's positive outlook. Key trends expected to shape this period include smart sensor integration for real-time condition monitoring, initiatives to reduce operational noise, a push for oil-free and contaminant-free systems, and ongoing development of advanced, ATEX-certified, and intrinsically safe pumping solutions.
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Top Players Shaping the Liquid Ring Vacuum Pumps Market
Several prominent companies lead the liquid ring vacuum pumps sector, including Atlas Copco Airpower N.V, Busch Vacuum Technics Inc., Dekker Vacuum Technologies Inc., Flowserve Corporation, Graham Corporation, Gardner Denver, PPI Pumps Pvt. Ltd., Samson Pumps A/S, Schaft GmbH, Tsurumi Manufacturing Co. Ltd, Vooner FloGard Corporation, Zibo Zhaohan Vacuum Pump Co. Ltd, Gast (IDEX), Samson Corporation, ULVAC Inc., Agilent Technologies Inc., Tuthill Vacuum & Blower Systems, Sterling SIHI GmbH, Pfeiffer Vacuum GmbH, Ebara Corporation, Edwards Limited, Kashiyama Industries Ltd., Kinney Vacuum Company Inc., Becker Pump Corporation, Elmo Rietschle, Pompetravaini S.p.A., Speck Pumpen Walter Speck GmbH & Co. KG, Robuschi S.p.A., Gardner Denver Holdings Inc., and Sihi Group B.V.
Expanding Regional Presence Through Strategic Acquisition
In January 2022, Sweden-based Atlas Copco acquired HHV Pumps Pvt. Ltd for an undisclosed sum. This acquisition is expected to strengthen Atlas Copco's footprint in the Asia-Pacific region, with particular emphasis on the fast-growing Indian market. By acquiring HHV Pumps, Atlas Copco aims to bolster its local manufacturing capabilities, enabling it to produce equipment within India and better serve regional demand.
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Innovations Driving Market Growth in Vacuum Pumps
A major growth driver in the liquid ring vacuum pumps market is the development of innovative products tailored to operate efficiently in humid and dusty conditions, ensuring sustainable productivity. For example, in May 2022, Atlas Copco introduced the GHS 1402-2002 VSD+ series. This latest product line offers enhanced performance, superior oil separation, a compact build, and cutting-edge controller technology. The GHS 1402-2002 VSD+ pumps are particularly suitable for challenging vacuum applications, including thermoforming, food packaging, altitude simulation, woodworking lamination, clay extrusion, vacuum cooling, precise electronics material handling, and industries such as paper, canning, and woodworking.
Segmentation Overview of the Vacuum Pumps Market
The vacuum pumps market is categorized in this report primarily by type, voltage, and application:
1) By Type: Fiber-optic Cables, Electric Cables
2) By Voltage: Medium Voltage Cable, Low Voltage Cable
3) By Applications: Marine and Offshore, Oil & Gas and Petrochemical, Other Applications
Further subsegments include:
- Fiber-optic Cables: Single-Mode Fiber-optic Cables and Multi-Mode Fiber-Optic Cables
- Electric Cables: Power Cables, Control Cables, Instrumentation Cables
This detailed segmentation facilitates a comprehensive understanding of market demand and aids companies in targeting their products and services effectively across different industries and use cases.
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