- Press Release -

The global vacuum pumps market is expected to reach US$ 1,415 Mn, expanding at a CAGR of 7% from 2022 to 2032, concludes a recently revamped Fact.MR study. Extensive applications such as conveying, assembly line cleaning, drying, evacuation, suction, and others related to the electronics and semiconductor industry are offering beneficial opportunities for vacuum pump manufacturers around the world.

From 2017 to 2021, the industry expanded at a CAGR of 5.2%. As the COVID-19 pandemic raged, prospects dipped significantly, as mandatory lockdowns led to shutdowns in the industrial manufacturing domain. Enforcement of social distancing measures led to a contraction of the manufacturing capacities of various industries, leading to a fall in demand. However, prospects began to elevate since 2021, as these restriction began to be lifted.

The semiconductor industry has witnessed robust demand for use in electronics such as smartphones and application in Internet of Things and cloud computing, largely driven by growth in emerging technologies such as AI in products as well growth in automotive and industrial electronics. Furthermore, integration of semiconductors in 5G-enabled devices and network connection levers the growth of vacuum pumps in the processing of integrated circuits and boards.

Key Takeaways from the Market Study

• Global vacuum pumps market to be valued at US$ 719.09 Mn by 2022-end
• Regenerative vacuum pumps to be highly preferred, surging at an 8% value CAGR
• Dry vacuum pumps to accumulate a value share of US$ 360 Mn by the end of 2032
• Applications in the chemical & petrochemical industry to flourish at a CAGR of 7.5%
• Gas transfer vacuum pumps to account for nearly 3 out of 5 sales until 2032
• U.S to account for 86% of global vacuum pumps market revenue
• Germany to expand at a CAGR of 4.5% from 2022 to 2032
• China to accumulate a revenue share worth 45% across the assessment period

“Ascending demand from the electronics and semiconductor industry is expected to boost consumption of vacuum pumps throughout the forecast period,” says a Fact.MR analyst.

Competitive Landscape

Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. New products and technologies will enable end-users to benefit in various industries.

• In July 2021, Leybold introduced two new vacuum technologies based on dry screw vacuum pumps: the DRYVAC DV 500 and DV 800. A screw-type machine compresses completely dry, eliminating the necessity for lubrication. Its particle and condensate compatibility, which reduces the operating costs, makes screw vacuum pumps more efficient.
• Likewise, in February 2021, ADVIK acquired Hanon Bangalore Operations from Hanon Systems, which specialized in vacuum pumps and water pumps. As a result, ADVIK is expanding its expertise in Vacuum Pumps and Water Pumps for passenger cars.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global vacuum pump market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the basis of pump type (positive displacement, dry vacuum pumps, centrifugal pumps, momentum transfer, and regenerative), lubrication (dry and wet), application (assembly, conveying, dehydration/drying, engine testing, evaporation & distillation, filling, holding/chucking, manufacturing, material handling, thermoforming and others), mechanism (gas transfer vacuum pump and gas binding vacuum pump), pressure (rough vacuum (10.3 mbar-1 mbar), medium vacuum (1 mbar-10-3 mbar), high vacuum (10-3mbar-10-7 mbar), ultra-high vacuum (10-7 mbar-10-12 mbar) and extreme high vacuum (less than 10-12 mbar)), flow (upto 85 ACFM, upto 150 ACFM, upto 550 ACFM, upto 1500 ACFM, upto 4500 ACFM, upto 8500 ACFM, upto 15000 ACFM and upto 17000 ACFM) and end use vertical (aerospace & defense, automotive, chemical & petrochemical, electronics & semiconductors, food & beverage, healthcare & pharmaceuticals, mining & construction, oil & gas, packing, power generation and others) across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa).

About the Industrial Goods Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Industrial Goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the Industrial Goods industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Shubham Patidar

Fact.MR

Consultant - Industrial Goods and Automotive

E-mail: Shubham@factmr.com