Vacuum Pumps - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Vacuum Pumps Market is accounted for $4.26 billion in 2018 and is expected to reach $8.17 billion by 2027 growing at a CAGR of 7.5% during the forecast period. Increasing purchase power of the middle-class population around the world, in addition to rapid technological developments in the electronics products such as computers, mobile phone, and tablets are some of the factors fuelling the market growth. However, impeller design, improper priming and clogging of the suction pipeline are restricting market growth.
A vacuum pump is a mechanical device which is used to create a vacuum by removing gas molecules from a sealed volume by leaving a partial vacuum. Growing adoption of vacuum pumps in power, oil & gas, chemical processing, and semiconductor industries is driving the demand for vacuum pumps. These are extensively used in plastic and composite moulding, manufacturing of vacuums tubes and electric lamps, to process semiconductor, coating process, air conditioning systems and in various medical application. Major application areas of vacuum pumps are automotive, energy, chemical, semiconductor, and healthcare sector. Implementation of energy storage solutions across various applications is very challenging in terms of duration of energy storage, number of charges and discharges, and so on. Vacuum technology is a common technology implemented across various energy storage applications.
Based on product, the medium vacuum pumps segment is estimated to have a lucrative growth due to the typical ultimate pressure range of its product class lies between 100 to 10-1 Pascal and is extensively used in oil & gas and chemical industries. By Geography, Asia Pacific is likely to have a huge demand due to the strong presence of chemical, semiconductor manufacturers and a large number of small and medium scale vacuum pump manufacturers and suppliers.
Some of the key players profiled in the Vacuum Pumps market include Atlas Copco, Busch Vacuum, Cutes Corp., Dekker, Ebara, Gardner Denver, Gast(IDEX), Gebr. Becker, Graham, KNF Neuberger, Pfeiffer Vacuum, PPI Pumps, Samson Pump, Sterling SIHI, Tsurumi Manufacturing, Tuthill, ULVAC, Value Specializes and Wenling Tingwei.
• High Vacuum Pumps
• Low Vacuum Pumps
• Medium Vacuum Pumps
• Liquid Ring Vacuum Pumps
• Rotary Vane Vacuum Pumps
• Steam Jet Ejectors
• Turbo Molecular Vacuum Pumps
• Gas Capture/Binding Pumps
• Gas Transfer Pumps
• Dry Vacuum Pumps
• Wet Vacuum Pumps
• Chemical Processing
• Industrial and Manufacturing
• Other Applications
End Users Covered:
• Chemical & Pharmaceutical
• Energy & Power
• Food & Beverages
• Oil & Gas
• Semiconductor & Electronics
• Wood, Paper & Pulp
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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