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CO20113478 |
Pages: 373 |
May 2023 |
The demand for vacuum pumps is increasing significantly owing to a variety of factors such as technical improvements, increasing demand from different end-use sectors, and escalating environmental concerns. Industrialization and urbanization are two significant drivers of economic growth and development. In order to meet the demands of the rising urban population, more enterprises and industries are formed, which raises the demand for industrial and commercial infrastructure. Particularly in the industrial and commercial sectors, vacuum pumps play a vital role. They are used in a variety of processes such as food processing, chemical manufacturing, and pharmaceutical manufacturing.
The vacuum pumps market has a number of restraints that limit its potential for expansion. One of the major factors affecting the growth of the vacuum pumps market is the price of vacuum pumps, which might prevent smaller firms or individuals from purchasing them. In addition, certain vacuum pumps use a lot of energy, which raises questions about the sustainability of the environment and drives up energy expenses for enterprises. In addition, vacuum pumps need regular maintenance, which may be time-consuming and expensive, to maintain their durability and effective performance. All these are the major factors projected to hamper the market growth during the forecast period.
The rising need for vacuum pumps across several industries, including food processing, pharmaceuticals, and electronics production, is one of the important prospects for the market expansion. As these industries grow, there will likely be a greater need for vacuum pumps, giving manufacturers a tremendous opportunity to expand their clientele. The rising focus on sustainability and energy efficiency has led to the development of more energy-efficient vacuum pump technology. These solutions might reduce energy costs for businesses while simultaneously fostering environmental sustainability. In addition, as these industries continue to grow and modernize, the use of vacuum pumps offers a significant possibility for the market expansion.
Vacuum pumps employ mechanical action to remove gas or air molecules from a sealed compartment in order to create a partial or total vacuum. These pumps have applications in the manufacturing of semiconductors, vacuum coating, chemical processing, and medical research. By establishing a low-pressure zone, vacuum pumps enable gas or air molecules to be pulled from the restricted area. They employ a number of methods, including positive displacement, momentum transfer, and entrapment, to produce this low-pressure region. For instance, transfer pumps employ high-speed jets of gas to propel gas molecules out of the sealed container, whereas positive displacement pumps use a mechanism to capture and drive gas molecules out of the sealed volume.
The coronavirus outbreak led to several uncertainties and economic crises owing to lockdowns imposed across several countries. The vacuum pumps market was negatively impacted owing to closure of manufacturing units, decline in import-export, and reduced demand from end-use industries namely automotive, aerospace & defense, oil & gas, and others. The vacuum pumping operations were greatly impacted due to shortage of physical workforce due to social distancing norms, which created a challenge for the manufacturing sector. According to the survey conducted by Leybold GmbH, the Swedish industry group of Atlas Copco, in July 2020, almost 46% of the managing business operations were hampered due to social distancing norms. Also, just over a quarter, that is 26% of vacuum pumps operating facilities were open during the pandemic. Centers for Disease Control and Prevention (CDC) also laid down regulations for the companies operating in the vacuum pumps market that were planning to resume normal business operations. Some of the guidelines laid down by CDC include daily health checkup of employees, carrying out hazard assessments, encouraging employees for the use of face coverings or face masks at workplace, implementation of social distancing policies and practices, as well as improving the building ventilation system to prevent the spread of coronavirus to some extent.
A number of reasons, including rising vacuum pump demand in sectors like chemical processing, pharmaceuticals, and food & beverage are driving the vacuum pumps market growth. These industries frequently use vacuum pumps for procedures including distillation, filtration, and dehydration. In addition, the market is expanding owing to the rising demand for vacuum pumps that use less energy and have a smaller environmental impact. The development of new technologies and materials is driving the advancement of vacuum pump technology, leading to availability of more sophisticated and effective vacuum pumps in the market. The use of advanced materials such as ceramics, composites, and polymers has enabled manufacturers to make more efficient and durable vacuum pumps.. Furthermore, the market participants are anticipated to have considerable possibilities in the upcoming years due to the rising usage of vacuum pumps in emerging economies to assist industrial growth.
To know more about global vacuum pumps market driver, get in touch with our analysts here.
The market for vacuum pumps is being affected by a number of constraints. The high cost of vacuum pumps poses a serious problem, particularly for small and medium-sized businesses with tight budgets. This restricts the capacity to use vacuum pumps, which has an impact on the market revenue growth. Also, adopting certain types of vacuum pumps might be difficult due to their complex design and upkeep needs, especially for businesses with limited technical resources or knowledge. These are the major factors anticipated to hamper the market growth in the upcoming years.
The expansion of the oil & gas, automotive, and healthcare sectors in the upcoming years is anticipated to boost the vacuum pumps market growth. Vacuum pumps have large number of applications, such as material impregnation and vacuum packaging. These pumps are frequently used for fuel injection, power steering, and brake boosters in the automotive industry. Vacuum pumps are in huge demand due to the rising demand for automotives throughout the globe. Furthermore, a major share of the vacuum pumps market growth is anticipated to come from the healthcare industry. Vacuum pumps are used in a variety of medical devices, such as vacuum concentrators, vacuum ovens, and dialysis machines. All these are the key factors predicted to create several growth opportunities for the major players operating in the market.
To know more about global Vacuum pumps market opportunity, get in touch with our analysts here.
Based on lubrication, the market has been divided into wet and dry. Among these, the dry sub-segment accounted for the highest market share in 2021 and is estimated to show the fastest growth during the forecast period.
Source: Research Dive Analysis
The dry sub-segment accounted for the largest market share in 2021. Dry vacuum pumps have an oil- and liquid-free sealing system and are non-contact vacuum pumps. They achieve a clean process without any oil or water back-flow or diffusion. These pumps are simple to use as they do not need routine maintenance such as replacing or replenishing water or oil. In a variety of processes, including drying, solvent recovery, distillation, evaporation, crystallization, deodorization, and filtration, a dry vacuum is used majorly to pump out the gases. Dry pumps' ability to reduce heat load, power consumption, and the less necessity for water and oil can result in significant cost savings. In addition, compared to the old vacuum technology still in use, dry screw vacuum systems require less maintenance and repairs. Moreover, this helps in maintaining the production area at properly controlled temperature levels owing to the decreased noise levels and minimal heat generation in the work area. Oil leaking from dry screw pumps with less oil also reduces the possibility of slips and falls.
Based on pressure, the market has been divided into low vacuum pumps, medium vacuum pumps, ultra-high vacuum pumps, and extreme high vacuum pumps. Among these, the medium vacuum pumps sub-segment accounted for the highest market share in 2021.
Source: Research Dive Analysis
The medium vacuum pumps sub-segment accounted for the largest market share in 2021. Compared to other kinds of vacuum pumps, medium vacuum pumps have a variety of advantages, including: Greater pumping speed: Due to its ability to pump at up to 1000 liters per second, medium vacuum pumps are ideal for scenarios that demand for higher pumping rates than those feasible with a basic vacuum pump. Wide operating pressure range: Medium vacuum pumps are suited for a range of applications needing a moderate vacuum since they can operate between 10-3 Torr and 10-8 Torr. Less energy use: Medium vacuum pumps usually use less energy than high vacuum pumps, making them a more economical option for many applications. Better performance at higher pressures: Medium vacuum pumps are designed to operate better at pressures between 10-3 Torr and 10-8 Torr, making them ideal for applications that need a high rate of pumping. Overall, medium vacuum pumps are a great choice for many industrial and scientific applications that require intermediate vacuum levels and a greater pumping speed.
Based on end user, the market has been divided into automotive, chemical & petrochemical, aerospace & defense, oil & gas, healthcare & pharmaceuticals, and others. Among these, the chemical & petrochemical sub-segment accounted for the highest market share in 2021.
Source: Research Dive Analysis
The chemical & petrochemical sub-segment accounted for the largest market share in 2021. A vacuum pump is a crucial piece of machinery in the process industries as it removes gas and vapor from a pipeline, system, or vessel. In chemical and petrochemical operations, vacuum pumps are essential because they are used for a wide range of tasks such distillation, drying, filtration, evaporation, crystallization, and degassing. The following are some petrochemical & chemical vacuum pump trends and benefits: In the chemical and petrochemical sectors, energy efficiency is a crucial trend. Companies are seeking strategies to lower their energy use as energy costs continue to climb. Modern hoover pumps utilize technology like variable speed motors and optimized impeller designs to be more energy efficient than earlier types. In the chemical & petrochemical industries, vacuum pumps are frequently a source of maintenance and repair. Vacuum pumps that require less maintenance and are more dependable are in great demand because they minimize downtime and maintenance expenses. In order to increase productivity and decrease human error, automation is being employed more in the chemical & petrochemical industries. Operators may remotely monitor and manage vacuum pumps by integrating them into plant-wide control systems.
The vacuum pumps market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Source: Research Dive Analysis
The Asia-Pacific vacuum pumps market is anticipated to expand by 2031, due to increasing demand from a number of industries, including the chemical, semiconductor, and healthcare. The rising need for petrochemicals and fertilizers is one of the factors that is driving the growth of the vacuum pumps market, particularly in the chemical industry in the region. The chemical industry relies heavily on vacuum pumps for various applications, such as distillation, dehydration, and solvent recovery.. The need for vacuum pumps in the chemical industry is being driven by their ability to handle caustic and toxic substances, which are often used in chemical processes. Another significant consumer of vacuum pumps in Asia-Pacific is the semiconductor sector. The market for vacuum pumps is expected to grow significantly over the next few years due to the increase in demand for consumer electronics and the expanding semiconductor industry in the region.
Investment and agreement are common strategies followed by major market players. For instance, in January 2022, Atlas CoVacuum pumpo acquired HHV Pumps based in Burlington in Bengaluru, India. The company designs and manufactures vacuum pumps and this acquisition is expected to boost its sales in India.
Source: Research Dive Analysis
Some of the leading vacuum pumps market players are Atlas Copco, Becker Pumps Corporation, Busch Vacuum Solutions (Busch Group), Ebara Corporation, Flowserve Corporation, GlobalVac & Air, Graham Corporation, Ingersoll Rand, Pfeiffer Vacuum GmbH, and ULVAC Inc.
| Aspect | Particulars |
| Historical Market Estimations | 2019-2020 |
| Base Year for Market Estimation | 2021 |
| Forecast Timeline for Market Projection | 2022-2031 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Lubrication |
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| Segmentation by Pressure |
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| Segmentation by End-user |
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| Key Companies Profiled |
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1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global vacuum pumps market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of raw material suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental
4.7.Impact of COVID-19 on Vacuum Pumps market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.Vacuum Pumps Market Analysis, by Lubrication
5.1.Dry
5.1.1.Definition, key trends, growth factors, and opportunities
5.1.2.Market size analysis, by region,2021-2031
5.1.3.Market share analysis, by country,2021-2031
5.2.Wet
5.2.1.Definition, key trends, growth factors, and opportunities
5.2.2.Market size analysis, by region,2021-2031
5.2.3.Market share analysis, by country,2021-2031
5.3.Research Dive Exclusive Insights
5.3.1.Market attractiveness
5.3.2.Competition heatmap
6.Vacuum Pumps Market Analysis, by Pressure
6.1.Low Vacuum Pumps
6.1.1.Definition, key trends, growth factors, and opportunities
6.1.2.Market size analysis, by region,2021-2031
6.1.3.Market share analysis, by country,2021-2031
6.2.Medium Vacuum Pumps
6.2.1.Definition, key trends, growth factors, and opportunities
6.2.2.Market size analysis, by region,2021-2031
6.2.3.Market share analysis, by country,2021-2031
6.3.Ultra-high Vacuum Pumps
6.3.1.Definition, key trends, growth factors, and opportunities
6.3.2.Market size analysis, by region,2021-2031
6.3.3.Market share analysis, by country,2021-2031
6.4.Extreme High Vacuum Pumps
6.4.1.Definition, key trends, growth factors, and opportunities
6.4.2.Market size analysis, by region,2021-2031
6.4.3.Market share analysis, by country,2021-2031
6.5.Research Dive Exclusive Insights
6.5.1.Market attractiveness
6.5.2.Competition heatmap
7.Vacuum Pumps Market Analysis, by End User
7.1.Automotive
7.1.1.Definition, key trends, growth factors, and opportunities
7.1.2.Market size analysis, by region,2021-2031
7.1.3.Market share analysis, by country,2021-2031
7.2.Chemical and Petrochemical
7.2.1.Definition, key trends, growth factors, and opportunities
7.2.2.Market size analysis, by region,2021-2031
7.2.3.Market share analysis, by country,2021-2031
7.3.Aerospace & Defense
7.3.1.Definition, key trends, growth factors, and opportunities
7.3.2.Market size analysis, by region,2021-2031
7.3.3.Market share analysis, by country,2021-2031
7.4.Oil & Gas
7.4.1.Definition, key trends, growth factors, and opportunities
7.4.2.Market size analysis, by region,2021-2031
7.4.3.Market share analysis, by country,2021-2031
7.5.Healthcare & Pharmaceuticals
7.5.1.Definition, key trends, growth factors, and opportunities
7.5.2.Market size analysis, by region,2021-2031
7.5.3.Market share analysis, by country,2021-2031
7.6.Others
7.6.1.Definition, key trends, growth factors, and opportunities
7.6.2.Market size analysis, by region,2021-2031
7.6.3.Market share analysis, by country,2021-2031
7.7.Research Dive Exclusive Insights
7.7.1.Market attractiveness
7.7.2.Competition heatmap
8.Vacuum Pumps Market, by Region
8.1.North America
8.1.1.U.S.
8.1.1.1.Market size analysis, by Lubrication,2021-2031
8.1.1.2.Market size analysis, by Pressure,2021-2031
8.1.1.3.Market size analysis, by End User,2021-2031
8.1.2.Canada
8.1.2.1.Market size analysis, by Lubrication,2021-2031
8.1.2.2.Market size analysis, by Pressure,2021-2031
8.1.2.3.Market size analysis, by End User,2021-2031
8.1.3.Mexico
8.1.3.1.Market size analysis, by Lubrication,2021-2031
8.1.3.2.Market size analysis, by Pressure,2021-2031
8.1.3.3.Market size analysis, by End User,2021-2031
8.1.4.Research Dive Exclusive Insights
8.1.4.1.Market attractiveness
8.1.4.2.Competition heatmap
8.2.Europe
8.2.1.Germany
8.2.1.1.Market size analysis, by Lubrication,2021-2031
8.2.1.2.Market size analysis, by Pressure,2021-2031
8.2.1.3.Market size analysis, by End User,2021-2031
8.2.2.UK
8.2.2.1.Market size analysis, by Lubrication,2021-2031
8.2.2.2.Market size analysis, by Pressure,2021-2031
8.2.2.3.Market size analysis, by End User,2021-2031
8.2.3.France
8.2.3.1.Market size analysis, by Lubrication,2021-2031
8.2.3.2.Market size analysis, by Pressure,2021-2031
8.2.3.3.Market size analysis, by End User,2021-2031
8.2.4.Spain
8.2.4.1.Market size analysis, by Lubrication,2021-2031
8.2.4.2.Market size analysis, by Pressure,2021-2031
8.2.4.3.Market size analysis, by End User,2021-2031
8.2.5.Italy
8.2.5.1.Market size analysis, by Lubrication,2021-2031
8.2.5.2.Market size analysis, by Pressure,2021-2031
8.2.5.3.Market size analysis, by End User,2021-2031
8.2.6.Rest of Europe
8.2.6.1.Market size analysis, by Lubrication,2021-2031
8.2.6.2.Market size analysis, by Pressure,2021-2031
8.2.6.3.Market size analysis, by End User,2021-2031
8.2.7.Research Dive Exclusive Insights
8.2.7.1.Market attractiveness
8.2.7.2.Competition heatmap
8.3.Asia-Pacific
8.3.1.China
8.3.1.1.Market size analysis, by Lubrication,2021-2031
8.3.1.2.Market size analysis, by Pressure,2021-2031
8.3.1.3.Market size analysis, by End User,2021-2031
8.3.2.Japan
8.3.2.1.Market size analysis, by Lubrication,2021-2031
8.3.2.2.Market size analysis, by Pressure,2021-2031
8.3.2.3.Market size analysis, by End User,2021-2031
8.3.3.India
8.3.3.1.Market size analysis, by Lubrication,2021-2031
8.3.3.2.Market size analysis, by Pressure,2021-2031
8.3.3.3.Market size analysis, by End User,2021-2031
8.3.4.Australia
8.3.4.1.Market size analysis, by Lubrication,2021-2031
8.3.4.2.Market size analysis, by Pressure,2021-2031
8.3.4.3.Market size analysis, by End User,2021-2031
8.3.5.South Korea
8.3.5.1.Market size analysis, by Lubrication,2021-2031
8.3.5.2.Market size analysis, by Pressure,2021-2031
8.3.5.3.Market size analysis, by End User,2021-2031
8.3.6.Rest of Asia-Pacific
8.3.6.1.Market size analysis, by Lubrication,2021-2031
8.3.6.2.Market size analysis, by Pressure,2021-2031
8.3.6.3.Market size analysis, by End User,2021-2031
8.3.7.Research Dive Exclusive Insights
8.3.7.1.Market attractiveness
8.3.7.2.Competition heatmap
8.4.LAMEA
8.4.1.Brazil
8.4.1.1.Market size analysis, by Lubrication,2021-2031
8.4.1.2.Market size analysis, by Pressure,2021-2031
8.4.1.3.Market size analysis, by End User,2021-2031
8.4.2.Saudi Arabia
8.4.2.1.Market size analysis, by Lubrication,2021-2031
8.4.2.2.Market size analysis, by Pressure,2021-2031
8.4.2.3.Market size analysis, by End User,2021-2031
8.4.3.UAE
8.4.3.1.Market size analysis, by Lubrication,2021-2031
8.4.3.2.Market size analysis, by Pressure,2021-2031
8.4.3.3.Market size analysis, by End User,2021-2031
8.4.4.South Africa
8.4.4.1.Market size analysis, by Lubrication,2021-2031
8.4.4.2.Market size analysis, by Pressure,2021-2031
8.4.4.3.Market size analysis, by End User,2021-2031
8.4.5.Rest of LAMEA
8.4.5.1.Market size analysis, by Lubrication,2021-2031
8.4.5.2.Market size analysis, by Pressure,2021-2031
8.4.5.3.Market size analysis, by End User,2021-2031
8.4.6.Research Dive Exclusive Insights
8.4.6.1.Market attractiveness
8.4.6.2.Competition heatmap
9.Competitive Landscape
9.1.Top winning strategies, 2021
9.1.1.By strategy
9.1.2.By year
9.2.Strategic overview
9.3.Market share analysis, 2021
10.Company Profiles
10.1.Atlas Copco AB
10.1.1.Overview
10.1.2.Business segments
10.1.3.Product portfolio
10.1.4.Financial performance
10.1.5.Recent developments
10.1.6.SWOT analysis
10.2.Becker Pumps
10.2.1.Overview
10.2.2.Business segments
10.2.3.Product portfolio
10.2.4.Financial performance
10.2.5.Recent developments
10.2.6.SWOT analysis
10.3.Busch Group
10.3.1.Overview
10.3.2.Business segments
10.3.3.Product portfolio
10.3.4.Financial performance
10.3.5.Recent developments
10.3.6.SWOT analysis
10.4.Ebara Corporation
10.4.1.Overview
10.4.2.Business segments
10.4.3.Product portfolio
10.4.4.Financial performance
10.4.5.Recent developments
10.4.6.SWOT analysis
10.5.Flowserve Corporation
10.5.1.Overview
10.5.2.Business segments
10.5.3.Product portfolio
10.5.4.Financial performance
10.5.5.Recent developments
10.5.6.SWOT analysis
10.6.GLOBAL HVAC, LLC
10.6.1.Overview
10.6.2.Business segments
10.6.3.Product portfolio
10.6.4.Financial performance
10.6.5.Recent developments
10.6.6.SWOT analysis
10.7.Graham Corporation
10.7.1.Overview
10.7.2.Business segments
10.7.3.Product portfolio
10.7.4.Financial performance
10.7.5.Recent developments
10.7.6.SWOT analysis
10.8.Ingersoll Rand
10.8.1.Overview
10.8.2.Business segments
10.8.3.Product portfolio
10.8.4.Financial performance
10.8.5.Recent developments
10.8.6.SWOT analysis
10.9.Pfeiffer Vacuum GMBH
10.9.1.Overview
10.9.2.Business segments
10.9.3.Product portfolio
10.9.4.Financial performance
10.9.5.Recent developments
10.9.6.SWOT analysis
10.10.ULVAC INC
10.10.1.Overview
10.10.2.Business segments
10.10.3.Product portfolio
10.10.4.Financial performance
10.10.5.Recent developments
10.10.6.SWOT analysis
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