Vacuum Pumps Market
PUBLISHED: 2023 ID: SMRC22783
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Vacuum Pumps Market

Vacuum Pumps Market Forecasts to 2028 - Global Analysis By Pressure (Extreme high vacuum pumps, Ultra-high vacuum pumps, High vacuum pumps, Medium vacuum pumps, Low vacuum pumps and Other Pressures), Lubrication, Product Type, Technology, End User and By Geography

4.1 (24 reviews)
4.1 (24 reviews)
Published: 2023 ID: SMRC22783

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $5.9 BN

Projected Year Value (2028)

US $9.8 BN

CAGR (2022 - 2028)

8.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Vacuum Pumps Market is accounted for $5.9 billion in 2022 and is expected to reach $9.8 billion by 2028 growing at a CAGR of 8.8% during the forecast period. A vacuum pump is a machine that partially creates a vacuum by removing gas molecules from an enclosed environment. A partial hoover is created inside a container by hoover pumps, which is their main job. It has a wide range of uses, including in tilt tanks, propelled jet aircraft, chemical and petrochemical processing, and assembly machinery. Support for mechanical devices is provided by hoover. This pump can be installed on the engines of diesel and hybrid cars.

According to the Energy Information Administration, the total consumption of coal in the United States totaled 133.7 MMst in the first quarter of 2022. This was 17.2% higher than the 114.1 MMst reported in the fourth quarter of 2021.



Market Dynamics:

Driver:

Rise in adoption of vacuum pumps

Vacuum pumps' adaptability in a variety of applications is one of the market's main growth drivers. The vacuum pumps can be used to remove gases and air from an enclosed or sealed location. Furthermore, to the quick technological advancements in electronics products, the expanding purchasing power of the middle-class people around the world is another element that is projected to boost market expansion.

Restraint:

Stringent regulations

Vacuum pumps used in specific industries are subject to severe regulatory requirements, which can raise production costs and limit access for new businesses. Hoover pump use has drawn more attention and regulatory pressure as a result of the potential for the discharge of dangerous pollutants, including greenhouse gases, in a variety of industries. Other technologies could occasionally replace hoover pumps, which could limit the market's growth.

Opportunity:

The surging demand for electronic devices

The high adoption rate can be attributed to the rising demand for electronic devices. Also, electronics producers are working to increase their operations in developing nations through the use of cutting-edge technology and dependable distribution systems. Another anticipated to have a beneficial impact on market sales is the growing popularity of consumer electronics among young people.

Threat:

Price volatility

Price volatility in the vacuum pump industry is caused by fluctuations in raw material prices and production costs. This can have an impact on the profitability of manufacturers as well as the market pricing of vacuum pumps. Product manufacturers and other market participants may face difficulties as a result of the maintenance and operational costs related to the use of vacuum pumps.

Covid-19 Impact

The new corona virus spread quickly over a number of nations and regions, having a profound effect on both individual lives and the community as a whole. Now a serious threat to international trade, the economy, and finance, it started as a human health issue. Vacuum pump businesses have now resumed operations at full capacity as a result of this. When the number of Corona virus infections starts to decline, manufacturers of equipment and machinery must concentrate on safeguarding their personnel, business operations, and supply networks so they can react quickly to emergencies and implement new operating procedures.

The wet segment is expected to be the largest during the forecast period

The wet segment is estimated to have a lucrative growth, due to increase in oil & gas activities. Water-based and oil-lubricated pumps that employ water or oil for lubrication or sealing are both included in the category of 'wet vacuum pumps'. As a result of increased natural gas output, strategic investments are having a positive market impact on end-user industries like oil & gas and power generation. Also, the market is being supported by the growing use of vacuum pumps as a low-cost equipment solution.

The oil & gas segment is expected to have the highest CAGR during the forecast period

The oil & gas segment is anticipated to witness the fastest CAGR growth during the forecast period, owing to their flexibility. This device is used by the oil and gas industry to extract and compress gas, which has a considerable impact on the market. Other elements that are projected to contribute to the market's expansion include increased onsite processing needs, the discovery of fresh oilfields, and expanding crude oil production.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the expansion of the automotive, oil & gas, healthcare, and aerospace sectors. The significant unmet demands, the escalating water crisis, and the rising demand for safe drinking water. Also, the expansion of the market is being fuelled by the presence of several electronic and semiconductor manufacturers in the countries.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to rising investments. Energy production continues to expand rapidly. Vacuum pumps are widely used in the chemical and oil and gas industries due to the shale gas development and the stable price of oil. The region's expansion is being driven by the electronics and semiconductor industries, growing oil and gas investment, and rapidly changing industrial manufacturing.



Key players in the market

Some of the key players profiled in the Vacuum Pumps Market include Becker Pumps Corporation, Ulvac Technologies, Pfeiffer Vacuum GmbH, Gardner Denver Inc., Ebara Corporation, Tsurumi Manufacturing Co Ltd, Gast Manufacturing, Inc., Dekker Vacuum Technologies Inc., Busch Vacuum Solutions, Flowserve Corporation, GlobalVac & Air, Ingersoll Rand, Flowserve Corporation, Wintek Corporation, Samson Pump, Value Specializes and PPI Pumps.

Key Developments:

In May 2022, Atlas Copco launched a new range of GHS VSD+ vacuum pumps. The new GHS 1402-2002 VSD+ series pumps have a new design for better performance, smaller footprint, optimal oil separation, and an innovative new controller to support the use cases of Industry 4.0.

In January 2022, Atlas Copco acquired HHV Pumps Pvt. Ltd, a company that designs and manufactures vacuum pumps and systems for applications used in various industries. The vacuum pumps offered by HHV Pumps are used for electrical power equipment, chemical and pharmaceutical industries, and the general industry.

Pressures Covered:
• Extreme high vacuum pumps
• Ultra-high vacuum pumps
• High vacuum pumps
• Medium vacuum pumps
• Low vacuum pumps
• Other Pressures

Lubrications Covered:
• Wet
• Dry
• Other Lubrications

Product Types Covered:
• Kinetic Vacuum Pumps
• Reciprocating Vacuum Pumps
• Dynamic Pumps
• Specialized Vacuum Pumps
• Rotary Vacuum Pumps
• Other Product Types

Technologies Covered:
• Gas Transfer Pumps
• Gas Binding Pumps
• Other Technologies

End Users Covered:
• Aerospace and Defense
• Healthcare & Pharmaceuticals
• Chemical & Petrochemical
• Oil & Gas
• Automotive
• Electronics
• Power Generation
• Paper & Pulp
• Other End users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Vacuum Pumps Market, By Pressure
5.1 Introduction
5.2 Extreme high vacuum pumps
5.3 Ultra-high vacuum pumps
5.4 High vacuum pumps
5.5 Medium vacuum pumps
5.6 Low vacuum pumps
5.7 Other Pressures

6 Global Vacuum Pumps Market, By Lubrication
6.1 Introduction
6.2 Wet
6.3 Dry
6.4 Other Lubrications

7 Global Vacuum Pumps Market, By Product Type
7.1 Introduction
7.2 Kinetic Vacuum Pumps
7.3 Reciprocating Vacuum Pumps
7.4 Dynamic Pumps
7.5 Specialized Vacuum Pumps
7.6 Rotary Vacuum Pumps
7.7 Other Product Types

8 Global Vacuum Pumps Market, By Technology
8.1 Introduction
8.2 Gas Transfer Pumps
8.3 Gas Binding Pumps
8.4 Other Technologies

9 Global Vacuum Pumps Market, By End user
9.1 Introduction
9.2 Aerospace and Defense
9.3 Healthcare & Pharmaceuticals
9.4 Chemical & Petrochemical
9.5 Oil & Gas
9.6 Automotive
9.7 Electronics
9.8 Power Generation
9.9 Paper & Pulp
9.10 Other End users

10 Global Vacuum Pumps Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Becker Pumps Corporation
12.2 Ulvac Technologies
12.3 Pfeiffer Vacuum GmbH
12.4 Gardner Denver Inc.
12.5 Ebara Corporation
12.6 Tsurumi Manufacturing Co Ltd
12.7 Gast Manufacturing, Inc.
12.8 Dekker Vacuum Technologies Inc.
12.9 Busch Vacuum Solutions
12.10 Flowserve Corporation
12.11 GlobalVac & Air
12.12 Ingersoll Rand
12.13 Flowserve Corporation
12.14 Wintek Corporation
12.15 Samson Pump
12.16 Value Specializes
12.17 PPI Pumps

List of Tables
1 Global Vacuum Pumps Market Outlook, By Region (2020-2028) ($MN)
2 Global Vacuum Pumps Market Outlook, By Pressure (2020-2028) ($MN)
3 Global Vacuum Pumps Market Outlook, By Extreme high vacuum pumps (2020-2028) ($MN)
4 Global Vacuum Pumps Market Outlook, By Ultra-high vacuum pumps (2020-2028) ($MN)
5 Global Vacuum Pumps Market Outlook, By High vacuum pumps (2020-2028) ($MN)
6 Global Vacuum Pumps Market Outlook, By Medium vacuum pumps (2020-2028) ($MN)
7 Global Vacuum Pumps Market Outlook, By Low vacuum pumps (2020-2028) ($MN)
8 Global Vacuum Pumps Market Outlook, By Other Pressures (2020-2028) ($MN)
9 Global Vacuum Pumps Market Outlook, By Lubrication (2020-2028) ($MN)
10 Global Vacuum Pumps Market Outlook, By Wet (2020-2028) ($MN)
11 Global Vacuum Pumps Market Outlook, By Dry (2020-2028) ($MN)
12 Global Vacuum Pumps Market Outlook, By Other Lubrications (2020-2028) ($MN)
13 Global Vacuum Pumps Market Outlook, By Product Type (2020-2028) ($MN)
14 Global Vacuum Pumps Market Outlook, By Kinetic Vacuum Pumps (2020-2028) ($MN)
15 Global Vacuum Pumps Market Outlook, By Reciprocating Vacuum Pumps (2020-2028) ($MN)
16 Global Vacuum Pumps Market Outlook, By Dynamic Pumps (2020-2028) ($MN)
17 Global Vacuum Pumps Market Outlook, By Specialized Vacuum Pumps (2020-2028) ($MN)
18 Global Vacuum Pumps Market Outlook, By Rotary Vacuum Pumps (2020-2028) ($MN)
19 Global Vacuum Pumps Market Outlook, By Other Product Types (2020-2028) ($MN)
20 Global Vacuum Pumps Market Outlook, By Technology (2020-2028) ($MN)
21 Global Vacuum Pumps Market Outlook, By Gas Transfer Pumps (2020-2028) ($MN)
22 Global Vacuum Pumps Market Outlook, By Gas Binding Pumps (2020-2028) ($MN)
23 Global Vacuum Pumps Market Outlook, By Other Technologies (2020-2028) ($MN)
24 Global Vacuum Pumps Market Outlook, By End user (2020-2028) ($MN)
25 Global Vacuum Pumps Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
26 Global Vacuum Pumps Market Outlook, By Healthcare & Pharmaceuticals (2020-2028) ($MN)
27 Global Vacuum Pumps Market Outlook, By Chemical & Petrochemical (2020-2028) ($MN)
28 Global Vacuum Pumps Market Outlook, By Oil & Gas (2020-2028) ($MN)
29 Global Vacuum Pumps Market Outlook, By Automotive (2020-2028) ($MN)
30 Global Vacuum Pumps Market Outlook, By Electronics (2020-2028) ($MN)
31 Global Vacuum Pumps Market Outlook, By Power Generation (2020-2028) ($MN)
32 Global Vacuum Pumps Market Outlook, By Paper & Pulp (2020-2028) ($MN)
33 Global Vacuum Pumps Market Outlook, By Other End users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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