Vacuum pumps Market By Lubrication (Dry, Wet), By Pressure (Low vacuum pumps, Medium vacuum pumps, High vacuum pumps, Ultra-high vacuum pumps, Extreme high vacuum pumps), By End user (Automotive, Chemical and Petrochemical, Aerospace and Defense, Oil and Gas, Healthcare and Pharmaceuticals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global vacuum pumps market was valued at $5,438.8 million in 2021, and is projected to reach $9,334.2 million by 2031, registering a CAGR of 5.5% from 2022 to 2031.
Vacuum pump is a mechanical device, which facilitates the removal of gas and air molecules from an enclosed area to create a space free of gas or air. Its key functions are to clean and seal. Vacuum pumps are available in dry and wet versions depending on the pressure and medium being pushed through them. The vacuum pumps pressure has various ranges, including low vacuum, medium vacuum, high vacuum, ultrahigh, and extreme high vacuum. These pumps are widely adopted in automotive, healthcare, chemical, oil & gas, petrochemical, and pharmaceuticals sectors.
The use of vacuum chambers by aircraft engineers allows them to imitate heights by converting them to absolute pressure. The ability to conduct a variety of vacuum testing makes vacuum pumps valuable to aerospace engineers. The test technique or the component being tested are often the focus of many of these tests. Hence, rising investment in aerospace and defense sector will drive the vacuum pumps market growth. Moreover, Vacuum pumps are used in the pharmaceutical industry in various manufacturing stages, including distillation, sublimation, degassing, drying, crystallization, and filling. In addition, an increase in oil & gas activities around the globe is likely to propel market growth. For instance, the Organization of the Petroleum Exporting Countries (OPEC) reveled that global oil production will reach around 109 million barrels per day till the year 2045. Hence, such factors are expected to provide lucrative growth of the vacuum pumps market.
The global vacuum pump market is segmented into lubrication, pressure, end user, and region. On the basis of lubrication, the market is divided into dry vacuum pumps and wet vacuum pumps. Depending on the pressure, it is divided into low vacuum medium vacuum, high vacuum, ultrahigh vacuum, and extremely high vacuum. On the basis of end-user, the market is segregated into automotive, chemical & petrochemical, aerospace & defense, oil & gas, healthcare & pharmaceutical, and others. Region-wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
The key players that are operating in the vacuum pumps industry 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.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vacuum pumps market analysis from 2021 to 2031 to identify the prevailing vacuum pumps market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the vacuum pumps market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global vacuum pumps market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Lubrication
Dry
Wet
By Pressure
Low vacuum pumps
Medium vacuum pumps
High vacuum pumps
Ultra-high vacuum pumps
Extreme high vacuum pumps
By End user
Automotive
Chemical and Petrochemical
Aerospace and Defense
Oil and Gas
Healthcare and Pharmaceuticals
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Atlas CoVacuum pumpo AB
Becker Pumps Corporation
Busch Vacuum Solutions
Ebara Corporation
Flowserve Corporation
GlobalVac & Air
Graham Corporation
Ingersoll Rand
Pfeiffer Vacuum GmbH
ULVAC Inc.
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