Vacuum Pump Market Size, Share & Trends Analysis Report By Lubrication (Dry, Wet), By Vacuum Level (Low, Medium), By End-use (Semiconductor & Electronics, Manufacturing), By Region, And Segment Forecasts, 2023 - 2030

Vacuum Pump Market Size, Share & Trends Analysis Report By Lubrication (Dry, Wet), By Vacuum Level (Low, Medium), By End-use (Semiconductor & Electronics, Manufacturing), By Region, And Segment Forecasts, 2023 - 2030

Vacuum Pump Market Growth & Trends

The global vacuum pump market size is anticipated to reach USD 8.75 billion by 2030, registering a CAGR of 5.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth is expected to be driven by the increasing product demand from industries, such as semiconductors & electronics, pharmaceuticals, and manufacturing. Furthermore, the growing focus on energy efficiency & sustainability and advancement in technology are expected to propel the market growth. For instance, in April 2020, Flowserve launched a vacuum pump series with the name SIHI DRY PD MI series. The new series would improve the throughput times, process efficiency, and the time required to achieve the target vacuum levels, thereby strengthening the company’s pump product portfolio.

The demand for semiconductors is increasing progressively worldwide as the design of integrated circuits is becoming increasingly complicated, resulting in the usage of many semiconductors for developing them. Furthermore, a rise in the demand for consumer electronics can be attributed to the increasing disposable income of the masses. The rising adoption of electronic products in workplaces, daily routines, and entertainment is expected to increase the market demand.Vacuum pumps play a crucial role in the semiconductor & electronics industry for processes like semiconductor manufacturing, photolithography, and deposition. They create the necessary vacuum conditions for precise fabrication and coating of semiconductor components, ensuring high-quality production and performance.

The growing pharmaceutical industry has an increasing product demand due to their role in various critical processes. Vacuum pumps are used for tasks like filtration, distillation, drying, and pharmaceutical freeze-drying processes. They help maintain optimal conditions, ensuring the efficiency and quality of pharmaceutical production. Dry vacuum pumps eliminate the need for lubricating fluids, reducing the risk of contamination, and making them more environmentally friendly compared to oil-sealed pumps. Moreover, dry vacuum pumps generally have lower energy consumption and operating costs, appealing to industries seeking energy-efficient solutions.

In addition, the need for clean and dry vacuum conditions is critical in industries like semiconductor manufacturing, pharmaceuticals, and food packaging, driving the demand for dry vacuum pumps. For instance, Ingersoll Rand offers dry vacuum pumps that deliver clean, flexible, dry vacuum solutions. They are engineered due to the high demands from industrial environments, such as pharmaceutical & fine chemicals. Manufacturers undertake strategies, such as product launches, M&As, and expansions, to gain higher market share. Busch, for instance, introduced the energy-efficient R5 RA vacuum pump in July 2023. It is a rotary vacuum pump that saves up to 25% on energy. Furthermore, it has a small & hygienic design, lower heat emissions, and allows for faster & easier maintenance.

Vacuum Pump Market Report Highlights

• The dry lubrication segment led the market and accounted for a 61.4% share of the global revenue in 2022. Dry vacuum pumps offer a range of advantages, which make them a preferred choice in various industries where cleanliness, efficiency, and environmental considerations are critical. For instance, in the semiconductor industry, these pumps help maintain the integrity of delicate semiconductor components by avoiding oil contamination
• Wet vacuum pumps are expected to witness a CAGR of 4.9% over the forecast period. Wet vacuum pumps can be more cost-effective in terms of upfront investment, making them attractive to industries with budget considerations. Furthermore, these pumps handle applications with the presence of particulate matter or condensable vapors, making them suitable for certain industrial processes where dry pumps may struggle
• The F&B end-use segment is expected to witness a CAGR of 4.9% over the forecast period. In the F&B industry, vacuum pumps serve various crucial purposes, contributing to the overall efficiency and quality of production processes. The product usage in this industry is diverse, covering processes from production to packaging. These pumps contribute to product quality, shelf-life extension, and operational efficiency
• The high-level vacuum pump segment is expected to witness a CAGR of 6.4% over the forecast period. These types of pumps are crucial in semiconductor fabrication processes, where extreme precision and cleanliness are required to produce microchips and electronic components. Moreover, these pumps are integral in pharmaceutical freeze-drying processes, ensuring efficient removal of moisture from sensitive pharmaceutical products
• The demand for high-level vacuum pumps is closely tied to industries and applications that necessitate extremely low-pressure environments. Advancements in technology, scientific research, and the increasing complexity of manufacturing processes in various sectors contribute to the growing need for pumps that can achieve and maintain high vacuum levels

Please note The report will be delivered in 4-8 business days upon order notification.