According to the latest report by IMARC Group, title “Vacuum Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global vacuum pumps market reached a value of US$ 5.53 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.35 Billion by 2027, exhibiting a CAGR of 6.80% during 2022-2027.
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Vacuum Pumps Industry Outlook:
Vacuum pumps are compressors that generate a partial vacuum or a low-pressure space by drawing gas molecules out of a sealed chamber. They consist of fan covers, handles, motors, exhaust fittings, and oil drains to help maintain a vacuum, lower the boiling point of numerous gases, and prevent adverse chemical reactions. As a result, vacuum pumps find extensive applications in radiosurgery, radiopharmacy, radiotherapy, and electronics across the globe. At present, they are widely available in different technologies to meet pressure requirements and applications.
The global vacuum pumps market is primarily driven by the rapid expansion of the chemical industry. Moreover, the increasing use of vacuum pumps in cabinetry fabrication, glass and stone-cutting factories, uranium enrichment, photolithography, electron microscopy, flight instrument, and composite molding is positively influencing the market growth.
Additionally, the surging adoption of vacuum pumps in the pharmaceutical industry for crystallization, degassing, distillation, and drying has augmented the product demand. Besides this, the rising usage of vacuum pumps to eliminate moisture and air from air conditioning and refrigeration systems have catalyzed market growth.
Furthermore, the increasing oil and gas exploration activities have accelerated product adoption rates. Other factors, including the emerging applications in the food and beverage industry, expanding oil and gas sector, and growing product usage in manufacturing vacuum tubes and electric lamps, are also anticipated to create a favorable market outlook.
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|Vacuum Pumps Market Report Scope|
|Market size value in 2021||US$ 5.53 Billion|
|Market forecast in 2027||US$ 8.35 Billion|
|Growth Rate||CAGR of 6.80% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, Lubrication, Pressure, Application and Region|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Rotary Vacuum Pumps
- Rotary Vane Pumps
- Screw and Claw Pumps
- Roots Pumps
- Reciprocating Vacuum Pumps
- Diaphragm Pumps
- Piston Pumps
- Kinetic Vacuum Pumps
- Ejector Pumps
- Turbomolecular Pumps
- Diffusion Pumps
- Dynamic Pumps
- Liquid Ring Pumps
- Side Channel Pumps
- Specialized Vacuum Pumps
- Getter Pumps
- Cryogenic Pumps
Breakup by Lubrication:
- Dry Vacuum Pump
- Wet Vacuum Pump
Breakup by Pressure:
- Rough Vacuum Pumps (103 Mbar to 1 Mbar)
- Medium Vacuum Pumps (1 Mbar to 10-3 Mbar)
- High Vacuum Pumps (10-3 Mbar to 10-7 Mbar)
- Ultra-High Vacuum Pumps (10-7 Mbar to 10-12 Mbar)
- Extreme High Vacuum Pumps (Less Than 10-12 Mbar)
Breakup by Application:
- Oil and Gas
- Chemical Processing
- Food and Beverages
- Power Generation
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are Atlas Copco AB, Becker Pumps Corporation, Busch Group, Cutes Corporation, Ebara Corporation, Flowserve Corporation, Graham Corporation, Ingersoll Rand Inc., Pfeiffer Vacuum GmbH, PPI Pumps Pvt. Ltd., Tsurumi Manufacturing Co. Ltd. and ULVAC Inc.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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