Vacuum Pumps Market to Reach $7.57 Billion by 2030

 

Meticulous Research®, a prominent global market research firm, has released a report titled, ‘Vacuum Pumps Market by Type (Gas Transfer Pumps, Gas Bindings/Entrapment Pumps), Lubrication (Dry Vacuum Pumps, Wet Vacuum Pumps), Pressure, End-use Industry and Geography - Global Forecasts to 2030.’

The vacuum pumps market is expected to grow from an estimated $5.51 billion in 2023 to $7.57 billion by 2030, with a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2023 to 2030. This growth is fuelled by the increasing use of vacuum pumps in the mining industry, their rising importance in the chemicals industry, and the expansion of the automotive sector. However, the market growth is hindered by the high-power consumption of vacuum pumps.

The increasing use of vacuum pumps in seawater desalination and their growing significance in the photovoltaics value chain are anticipated to provide growth opportunities for market players. Nevertheless, improper installation of vacuum pumps poses a significant challenge to market growth.

The global vacuum pumps market is categorized by type, lubrication, pressure, end-use industry, and geography. The report also assesses industry competitors and examines markets at the country and regional levels.

Based on type, The global vacuum pumps market is divided into gas transfer pumps, gas binding/entrapment pumps, and other vacuum pumps. In 2023, the gas transfer pumps segment is projected to hold the largest share of the market. This dominance is due to the segment's applications requiring a high level of vacuum, their low maintenance costs, and the ease of operation in processes like chemical processing and vacuum deposition, among others.

Based on lubrication, The global vacuum pumps market is categorized into dry and wet vacuum pumps. In 2023, the wet vacuum pumps segment is anticipated to hold the larger market share. This is due to their high pumping speeds, increasing demand in industries such as chemical processing and pharmaceuticals, and their cost-effective and economical nature.

Based on pressure, The global vacuum pumps market is divided into rough vacuum (1 bar to 1 mbar), medium vacuum (1 mbar to 10–3 mbar), high vacuum (10–3 mbar to 10–7 mbar), ultra-high vacuum (10–7 mbar to 10–12 mbar), and extreme high vacuum (more than 10–12 mbar). In 2023, the high vacuum (10–3 mbar to 10–7 mbar) segment is expected to hold the largest market share. This is attributed to these pumps achieving higher pressure levels than any other rotary vane pump, leading to their significant market share.

Based on end-use industry, The global vacuum pumps market is segmented by end-use industries, including electronics & semiconductors, aerospace & defense, chemicals, automotive, healthcare, food & beverage, industrial manufacturing, oil & gas, mining, construction, energy & utilities, and others. In 2023, the oil & gas segment is expected to hold the largest market share. This is due to the increasing need to boost low-pressure gas from wellheads to high-pressure pipelines, the rising demand for oil, gas, and petrochemicals, and the significant adoption of vacuum pumps in oil-producing countries like Saudi Arabia, the UAE, and Russia.

Based on geography, The vacuum pumps market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is projected to hold the largest share of the global market. This growth is driven by technological advancements in vacuum pumps and rising demand in emerging economies, fueled by increasing manufacturing activities in industries such as pharmaceuticals, automotive, and chemicals.

Key Players:

The major players in the global vacuum pumps market include Atlas Copco AB (Sweden), Agilent Technologies Inc. (U.S.), Busch Dienste GmbH (Germany), EBARA CORPORATION (Japan), Flowserve Corporation (U.S.), Gebr. Becker GmbH (Germany), Gast Manufacturing, Inc. (U.S.), Graham Corporation (U.S.), Ingersoll Rand Inc. (U.S.), KNF DAC GmbH (Germany), Kashiyama Industries, Ltd. (Japan), Pfeiffer Vacuum Technology AG (Germany), Shimadzu Corporation (Japan), Wenling Tingwei Vacuum Equipment Co., Ltd (China), VACUUBRAND GMBH + CO. KG (Germany), GlobalVac & Air (U.S.), and ULVAC, Inc. (Japan).

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5500

Key Questions Answered in the Report:

  • What are the market segments experiencing significant growth in terms of type, lubrication, pressure, end-use industry, and geography?
  • What is the past market size of vacuum pumps worldwide?
  • What are the projected market forecasts and estimates for the timeframe between 2023 and 2030?
  • What are the primary factors propelling, inhibiting, offering potential, and posing obstacles in the global vacuum pumps market?
  • Who are the key players in the market, and what are their respective shares of the market?
  • What does the competitive scenario look like in the global vacuum pumps market?
  • What are the latest advancements or changes observed in the global vacuum pumps market?
  • What are the various approaches taken by the leading players in the market?
  • What are the significant geographical patterns, and which countries are experiencing notable growth?
  • Who are the emerging local players in the global vacuum pumps market, and what strategies do they employ to compete with established competitors?

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Meticulous Research®
Email- sales@meticulousresearch.com
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