Vacuum Pumps Market Size, Share, Trends, Growth 2032

Vacuum Pumps Market Insights

According to a report from Zion Market Research, the global Vacuum Pumps Market was valued at USD 5.38 Billion in 2023 and is projected to hit USD 8.88 Billion by 2032, with a compound annual growth rate (CAGR) of 5.72% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Vacuum Pumps industry over the next decade.

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Vacuum Pumps Market: Overview

The vacuum pump is a device used to separate gas molecules from any enclosed area by maintaining a vacuum pressure behind. They are most widely used for the manufacture of electrical lamps and vacuum tubes for the manufacturing of semiconductors. Besides these, the commodity has a broad variety of research and industrial uses. It is used in electron microscopy, flight tools, etc. These pumps are often used in various uses such as chemical reaction processes, plastic molding processes, packaging and glass coating generation, manufacturing of cylinders, lamps, and CRT displays, and fabrication of various components in the aviation industry.

The condition of COVID19 impacted the oil and gas sector, which may have an effect on the demand for vacuum pumps. The pandemic has resulted in increased demand for specialized medical diagnostic devices, which require vacuum suction, which further reinforces the demand for vacuum pumps on the world market.

Global Vacuum Pumps Market: Growth Factors

The growth in demand for commercial vacuum pumps in the pharmaceutical and micro-tech industries to manage the pollution arising from the process plant has been one of the factors driving the need for industrial vacuum pumps. Demand for electricity has grown all over the globe. This leads to widespread expansion of operations in the power sector. This, in essence, is expected to improve the worldwide demand for commercial vacuum pumps. Increased developments in the use of digital equipment and solid growth in the semiconductor manufacturing industry are projected to fuel the global market for industrial vacuum pumps during the projected era.

A semiconductor is one of the world's main technology fields for commercial vacuum pumps. This can be due to a rise in demand for electronic appliances. Dynamic technological growth and an increase in population are the main factors driving the need for technological vacuum pumps.

Global Vacuum Pumps Market: Segmentation

The Vacuum Pumps market is fragmented based on airflow, pump type, application, and vacuum range.

On the basis of airflow, the market is bifurcated into momentum displacement, positive displacement, and entrapment.

On the basis of pump type, the market is segmented into screw air vacuum pumps, rotary vane vacuum pumps, diaphragm pumps, piston vacuum pumps, and others.

On the basis of vacuum range, primary (backing) pumps, booster pumps, and secondary pumps.

The uses of cryogenics in the beverages and microelectronics industries, along with technology-dependent industries, including aviation and astrophysics, would expand the demand for medium vacuum pumps over the projected timeframe. These pumps are most often used together with a lower vacuum pump to improve the performance of the vacuum system and to be used in various industrial sectors such as semiconductors and oil & gas.

Vacuum Pumps Market: Report Scope

Global Vacuum Pumps Market: Regional Analysis

APAC electronics suppliers are seeking to expand their reach through accelerated technology advances, aggressive bidding, mergers and acquisitions, and a well-connected distribution network focused on developing economies. The rising youth population in China and India has had a positive effect on consumer electronics sales, which will fuel semiconductor demand in the country. Development in the semiconductor industry would result in positive gains in production.

Global Vacuum Pumps Market: Competitive Players

Some main participants in the Vacuum Pumps market are

• Graham Corporation
• Gebr. Becker GmBH
• Gast Manufacturing
• Gardner Denver Holdings, Inc
• Edwards Group Ltd
• EBARA CORPORATION
• Dekker Vacuum Technologies, Inc
• Busch Vacuum
• Becker Pumps Corporation
• Atlas Copco
• Vooner
• ULVAC, Inc
• Tuthill Corporation
• Sterling SIHI GmbH
• Sihi Group B.V (Flowserve)
• Pfeiffer Vacuum Gmbh
• Oerlikon Corporate Switzerland
• KNF Neuberger GmBH
• IDEX Corporation, Ltd

This report segments the global vacuum pumps market into:

By Airflow

• Positive Displacement
• Momentum Displacement
• Entrapment

By Pump Type

• Rotary Vane Vacuum Pump
• Screw Air Vacuum Pump
• Piston Vacuum Pump
• Diaphragm Pump
• Others

By Vacuum Range

• Primary (Backing) Pumps
• Booster Pumps
• Secondary (High Vacuum) Pumps

By Application

• Industrial Manufacturing
• Semiconductor and Electronics
• Medical
• Chemical and Pharmaceutical
• Oil
• Gas and Mining
• Power and Energy
• Others

Vacuum Pumps Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa