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

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

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


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

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