MEA Vacuum Pumps Market, By Application Range (Low Vacuum Pressure, Medium Vacuum Pressure and High and Ultra-high Vacuum Pressure), By Type (Entrapment Pumps (Adsorption Pump, Getter Pump, Cyropump, and Condenser Pump), Gas Transfer Pumps, (Positive Displacement Pumps and Kinetic Vacuum Pumps)), By End-use Application (Oil & Gas, Industrial and Manufacturing, Power, Chemical Processing, Semiconductor and Electronics and Others (Pharmaceutical, Aviation)) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
A vacuum pump is a device that removes gas molecules from a sealed volume so as to leave behind a partial vacuum. The different pressure range includes the rough vacuum, process vacuum, industrial vacuum, semiconductor process vacuum, thin-film deposition (non-Semiconductor), instrumentation manufacturer’s pressure range, and vacuum pressure for R&D activities. Furthermore, vacuum pumps are majorly used in various sectors such as oil and gas, industrial and manufacturing, power, chemical processing, semiconductor, and electronics.
The MEA Vacuum Pumps market was valued for US$ 404.9 Mn in 2021.
Market Dynamics
Automotive companies are increasingly focused on manufacturing fuel-efficient vehicles. Vacuum pumps are used in hybrid vehicles, which saves a significant amount of energy thereby making them fuel-efficient. Automotive electric vacuum pumps can monitor vacuum changes within the booster. Therefore, these factors are expected to drive growth of the MEA vacuum pumps market during the forecast period. MEA region has suffered a slowdown in the manufacturing and industrial sectors due to the MEA recession in 2008. It affected the overall economy of countries in the MEA region, especially in GCC countries. This led to the stalling of large projects including infrastructure development, setting up free zone, and industrial parks for the manufacturing sector.
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