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| Vacuum Pump Market |
The Vacuum Pump Market comprises pumps that aid in evacuation and deposition processes. Vacuum pumps are used across various industries such as semiconductor, coating, packaging, chemicals, and others. They help in processes such as microelectronics fabrication, surface treatment, thermal insulation manufacturing, and sputtering. The demand for robust and energy-efficient vacuum pumps has been increasing owing to strict regulatory norms regarding greenhouse gas emissions.
The Global Vacuum Pump Market is estimated to be valued at US$ 7.5 Mn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period
2024 to 2030.
Key Takeaways
Key players operating in the Vacuum Pump Market are 3M Company, Johnson &
Johnson, Procter & Gamble, Reckitt Benckiser Group plc, Ecolab Inc. These
players have been focusing on new product launches and strategic collaborations
to gain a competitive edge in the market.
There are significant opportunities for vacuum pump manufacturers in the
healthcare, food & beverage, and solar industries. Various emerging
economies are also witnessing substantial infrastructure development, which
will propel the demand for vacuum pumps in the coming years.
Key players have been expanding their global footprint by setting up
manufacturing facilities across Asia Pacific, Latin America, and the Middle
East & Africa. This allows them to better cater to the rising product
demand.
Market drivers
One of the key drivers for the Vacuum
Pump Market Demand is the widening
application scope across various process industries. Vacuum pumps play a
crucial role in manufacturing processes such as liquid extraction, degassing,
distillation, and drying. The growth of end-use industries is expected to drive
the sales of vacuum pumps over the forecast period.
Market restraints
High maintenance cost of vacuum pumps pose a major challenge for manufacturers.
Frequent repairs and part replacements increase the operating expenses.
Additionally, stringent environmental regulations regarding the use of CFC
refrigerants in vacuum pumps restrain the market growth.
Segment
Analysis
The vacuum pump market is divided into two major segments - gas transfer pumps
and gas displacement pumps. Gas displacement pumps dominated the market and
accounted for over 60% of total sales in 2024. These pumps, also known as
positive displacement pumps, are used in a wide range of industries like oil
& gas, chemicals, and food processing. They displace a fixed volume of gas
for each cycle through mechanical action like rotors, lobes, or scrolls. Their
easy priming, self-priming capability, and being air or liquid tolerant make
them suitable for handling gases in these industries.
Global Analysis
The North American region dominated the vacuum pump market in 2024 with over
35% share. This was due to strong demand from end-use industries like
healthcare, electronics, chemicals and oil & gas. The U.S. held the
majority share in North America, driven by the presence of key pump
manufacturers and well-established end-use industries. Asia Pacific is expected
to be the fastest growing region during the forecast period. This rapid growth
can be attributed to the expansion of manufacturing activities and increased
investments in electronics and semiconductor industries of China, Japan, South
Korea and other developing economies. Countries like India and China are
further expected to boost the regional market.
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Pump Market
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