Vacuum Pump Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Published on : Feb-2021 | List of Tables : 112 | List of Figures : 344 | No. of Pages : 170 | Report Code : FACT4889MR |

About the Report

A vacuum pump is a mechanical device that generates a vacuum into a closed or sealed chamber by drawing out the gas or air molecules from it to the open atmosphere. The most common place where a vacuum pump is used is at home, in vacuum cleaners. Due to the numerous advantages of vacuum pumps, they are deployed for various industrial applications such automotive, aerospace, and industrial manufacturing. However, electronics and semiconductors, packaging, oil and gas, and chemical and petrochemical industries are also emerging industries increasingly using vacuum pumps.

Fact.MR published an exclusive forecast report on the global vacuum pump market for 2020 to 2030. The foremost objective of this report is to pitch insights on the market scenario, demand generators, and technological advancements in this space. The report further proceeds with a market taxonomy, elaborating on the key segments. Also, the report outlines visionary insights on the dynamics of the global market, including the drivers, restraints, opportunities, and trends, and pricing analysis along with key success factors of vacuum pumps. The report also details what impact the COVID-19 pandemic is having on the demand for vacuum pumps across the world.

What do historical and future outlooks of vacuum pumps signify?

From 2015 to 2019, global demand for vacuum pump expanded at a moderate CAGR of 4.1% in terms of value. Due to numerous benefits such as evaporation, drying, filling, conveying, assembly, material handling, and many more, vacuum pumps have gained fast traction over the past years.

The industrial manufacturing segment will continue to account for the largest market share of more than 10% in terms of value. The electronics & semiconductors industry is the most potential segment for vacuum pumps, expected to progress at a CAGR of over 7% from 2020 to 2030.  

Being an integral part of industries such as industrial manufacturing, electronics and semiconductors, chemical and petrochemicals, packaging, oil and gas, mining, healthcare and pharmaceuticals, and others, steady growth of these sectors has raised demand for vacuum pumps substantially, with the market projected to expand at a healthy CAGR of over 6% through 2030.     

Will requirements rise from semiconductors and healthcare & pharmaceutical industries?

Use of vacuum pumps is essential in the semiconductor industry to establish a highly-controlled environment with the complete absence of dust. Growth of the semiconductor and electronics industry has been prominent with their wide use in solar panels, and 4G and 5G network testing. Thus, this remains a lucrative end-use industry for vacuum pump manufacturers and suppliers.

Further, central vacuum systems that comprise vacuum pumps create suction during surgeries, and saw a surge in demand due to the advent of COVID-19; this indicated the rise of vacuum pump usage in the medical and healthcare industry. During the pandemic, companies such as Gardner Denver Inc., Becker Pumps, KNF Neuberger, and Busch Vacuum facilitated continuous supply of vacuum systems to the worst affected city Wuhan in China.

How is increase in demand from food & beverage industry spurring growth?

According to the Food and Drug Administration, human drugs and biologics must be packaged under stringent regulations of Container Closure Integrity Testing, as sensitive drugs require prevention from air and contamination. Hence, vacuum pumps are deployed for ensuring the aseptic packaging of food items and beverages. The MAP process allows removal of air, particularly oxygen, to create a vacuum to prevent oxidation.

Rise in the demand for packaged food & beverages, along with stringent regulations enforced by governments with respect to food packaging, is drive requirement for vacuum pumps. Rising number of working professionals, especially women, and rapid urbanization, are also key factors leading to the growth of the food & beverage industry, thereby increasing the need for vacuum pumps simultaneously.

What are the key challenges faced by vacuum pump manufacturers?

One of the major challenges faced by vacuum pump manufacturers is the presence of China-based manufacturers that offer vacuum pumps at low. These local manufacturers supply high-quality vacuum pumps that are technically-advanced, but at lower prices. 

The global vacuum pump market is inhibited by the lack of talented professionals, while labor cost is comparatively lower in South East Asian countries. However, absence of skilled individuals helps in the rise of local manufacturers in target markets, depleting the market opportunities for key players.

Food & beverage manufacturers are enforced to perform Container Closure Integrity Testing while packaging with the help of vacuum pumps. Furthermore, they also need to be compliant to ISO 22000, which ensures food safety and quality control of food & beverages during the vacuum packaging. Any manufacturer failing to do so can be subject to both legal and customers’ obligations. 

Furthermore, with the advent of COVID-19, shutdowns and lockdowns imposed across almost all regions limited the procurement of raw materials and led to dearth of manpower. Following stringent social distancing norms resulted in the slowdown of trade activities, disrupted the supply chain, and led to uncertainty in global economies, which restrained the growth of the vacuum pump sector. 

How has COVID-19 impacted the global vacuum pump market?

The COVID-19 pandemic adversely impacted the global economy due to imposed lockdowns and complete shutdowns across almost all regions of the world. Manufacturing and supply chain of most industries witnessed a huge slump in the initial phase of the pandemic.

Despite suffering a downfall due to the outbreak of COVID-19, exponential growth of key end-use industries such as industrial manufacturing, electronics and semiconductors, chemicals and petrochemicals, oil and gas, and others helped in the resurrection of the demand for vacuum pumps, with the market projected to witness an increasing CAGR over the forecast period.

vacuum pump market region

 

Country-Wise Analysis

How is innovation playing a key role in Germany for vacuum pumps?

Germany, being Europe’s largest market for vacuum pumps, followed by the U.K., is highly lucrative for manufacturers. Steady growth of healthcare and pharmaceutical, industrial manufacturing, electronics and semiconductors, and other industries, coupled with rise in investments in technical innovation, is aiding growth in innovation.

The market in Germany expanded at a CAGR of around 4.5% over the past five years, and will continue to grow at a significant rate over the forecast period as well, owing to innovations in vacuum pumps, which is popularizing their use. Integration of smart sensors in vacuum pumps allows the recording and saving of operating data. These pumps will be deployed in industries where high level of accuracy is required, such as pharmaceuticals and healthcare.   

Why is China an emerging market for vacuum pump manufacturers?

China has emerged as another lucrative market for vacuum pumps. Rising demand from vacuum pump applications areas such as industrial manufacturing, electronics & semiconductors, healthcare & pharmaceuticals, and other sectors is fuelling consumption in the country.

Constant 5G testing and usage of 5G has fueled growth of the electronics and semiconductor industry. China is on the verge of becoming a leader in the electronics and semiconductor industry. Hence, value demand for vacuum pumps is expected to increase at a CAGR of more than 6% over the next ten years, in the country.

What’s keeping the U.S. market at the forefront?

The U.S. is a rapidly evolving market for vacuum pump manufacturers, and will attain a prominent market share of over 86% in terms of value in 2020, in North America. Rapidly evolving industrial manufacturing, electronics and semiconductor, oil and gas, chemical and petrochemical, and other industries, and increase in business investments, are propelling growth in this country.

vacuum pump market type

Category-wise Insights

What’s exhilarating regenerative vacuum pump propulsion in the long haul?

Upturning of wastewater treatment for the conservation of water brought forth the utilization of vacuum pumps that operated for longer hours without maintenance. Regenerative vacuum pumps serve at high CFM capacities, and provide moderate vacuum conditions suitable for pharmaceutical, pulp & paper, plastic, and printing industries. 

Accretion of packaging industries has necessitated contact-less operations ensuring the safety and hygiene of food & beverages and pills. Regenerative vacuum pumps transmit quiet, point of use application, and are dust-tolerant and highly efficient, which perks up their acclamation in explicit end-use industries.

How evaporation and distillation features caters to the prevalence of vacuum pumps in unequivocal industries?

Chemical & petrochemical industries operate to extract and capture light hydrocarbons that disperse from crude oil, and prevent thermal degradation along with discolouration of the product. This unambiguous application solely requires mediation of vacuum distillation carried out by vacuum pumps.

An upsurge in general manufacturing, chemical & petrochemical, and pharmaceutical facilities soared the efficacy of vacuum pumps for evaporation and distillation functions. Moreover, vacuum distillation lowers operating costs that occur while thermal derogation of solvents, and inhibits hydrocarbon chain breakage. Thus, vacuum pumps illustrate a vital prospect in these specific sectors.  

Competitive Landscape    

Fact.MR has profiled the following prominent vacuum pump manufacturers in its report:

  • Atlas Copco
  • Ebara Corporation
  • Busch Vacuum Solutions
  • Edwards (Atlas Copco)
  • ULVAC
  • Becker Pumps Corporations
  • Others

The vacuum pump market is moderately fragmented in terms of the supply pie. Key players such as Atlas Copco, Gardner Denver, and Edwards (Atlas Copco) hold a majority of the market share, and are key price controllers in the vacuum pump landscape.

Report Scope

Attribute

Details

Forecast Period

2020-2030

Historical Data Available for

2015-2019

Market Analysis

US$ Mn for Value & 000 units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • China
  • Japan
  • South Korea
  • India
  • GCC
  • Turkey

Key Segments Covered

  • Pump Type
  • Pressure
  • Mechanism
  • Lubrication
  • Flow
  • Application
  • End-use Vertical
  • Region

Key Companies Profiled

  • Atlas Copco
  • Ebara Corporation
  • Busch Vacuum Solutions
  • Edwards (Atlas Copco)
  • ULVAC
  • Becker Pumps Corporations
  • Others

Customization & Pricing

Available upon Request

Key Questions Answered in Report

  • How will the vacuum pump market expand until 2030?

Fact.MR projects the global market to portray a steady growth of over 6% CAGR across the 2020-2030 assessment period. High demand for vacuum pumps in industrial manufacturing is anticipated to drive growth in a positive direction.

  • What is the most prominent growth driver for vacuum pumps?

Evaporation and drying applications of vacuum pumps will act as a prominent driver for the market over the long-term forecast period. A growing packaging industry will result in increased usage of vacuum pumps in future.

  • Which players have strong presence in the vacuum pump space?

Prominent players operating in the global vacuum pump landscape are Atlas Copco, Ebara Corporation, Busch Vacuum Solutions, Edwards (Atlas Copco), Leybold GmBH (Atlas Copco), ULVAC, Becker Pumps Corporations, and others.

Enquiry before Buying

  • Is this research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

  • Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request. 

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Key Market Segments

Pump Type

  • Positive Displacement 
    • Liquid Ring Vacuum Pumps
    •  Rotary Screw Pumps
    •  Rotary Root Pumps
  • Dry Vacuum Pumps
    •  Dry Screw Vacuum Pumps
    •  Dry Scroll Vacuum Pumps
    •  Dry Diaphragm Vacuum Pumps
    •  Dry Clan & Hook Pumps
    •  Others
  • Centrifugal Pumps
  • Momentum Transfer
    •  Rotary Vane Vacuum Pumps
    •  Turbo Molecular Vacuum Pumps
  • Regenerative Application

Lubrication

  • Dry
  • Wet

Application

  • Assembly
  • Conveying
  • Dehydration/Drying
  • Engine Testing
  • Evaporation & Distillation
  • Filling
  • Holding/Chucking
  • Manufacturing
  • Material Handling
  • Thermoforming
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

Vacuum Pump Market – Report Scope

A recent study by Fact.MR on the vacuum pump market offers a 10-year forecast for 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of vacuum pumps.

The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of the value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the vacuum pump market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the vacuum pump market across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of vacuum pumps during the forecast period. Price point comparison by region with global average price is also considered in the study.

Market Segmentation

Fact.MR has studied the vacuum pump industry with detailed segmentation on the basis of pump type, mechanism, pressure, lubrication, flow, application, end-use vertical, and key regions.

By Pump Type

 

  • Positive Displacement
    • Liquid Ring Vacuum Pumps
    • Rotary Screw Pumps
    • Rotary Root Pumps
  • Dry Vacuum Pumps
    • Dry Screw Vacuum Pumps
    • Dry Scroll Vacuum Pumps
    • Dry Diaphragm Vacuum Pumps
    • Dry Clan & Hook Pumps
    • Others 
  • Centrifugal Pumps
  • Momentum Transfer
  • Rotary Vane Vacuum Pumps
  • Turbo Molecular Vacuum Pumps
  • Regenerative

By Mechanism

  • Gas Transfer Vacuum Pumps
    • Gas Displacement Vacuum Pumps
    • Kinetic Vacuum Pumps
  • Gas Binding Vacuum Pumps

By Pressure

  • Rough Vacuum (from 10 3 mbar to 1 mbar)
  • Medium Vacuum (1 mbar to 10 - 3 mbar)
  • High Vacuum (10 -3 mbar to 10 - 7 mbar)
  • Ultra-high Vacuum (10 -7 mbar to 10 -12 mbar)
  • Extreme High Vacuum (less than 10 -12 mbar)

By Lubrication

  • Dry
  • Wet

By Flow

  • Up to 85 ACFM
  • Up to 150 ACFM
  • Up to 550 ACFM
  • Up to 1,500 ACFM
  • Up to 4,500 ACFM
  • Up to 8,500 ACFM
  • Up to 15,000 ACFM
  • Up to 17,000 ACFM

Assembly

  • Conveying
  • Dehydration/Drying
  • Engine Testing
  • Evaporation & Distillation
  • Filling
  • Holding/Chucking
  • Manufacturing
  • Material Handling
  • Thermoforming

By End-use Vertical

  • Aerospace & Defense
  • Automotive
  • Chemicals & Petrochemicals
  • Electronics & Semiconductors
  • Food & Beverages
  • Healthcare & Pharmaceuticals
  • Industrial Manufacturing
  • Mining & Construction
  • Oil & Gas
  • Packaging
  • Power Generation
  • Rubber and Composites
  • Others

By Regions

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Analysis on Market Size Evaluation

The vacuum pump market has been analyzed for each market segment in terms of volume (‘000 units) and value (US$ Mn).

Market estimates at global and regional levels are available in terms of “US$ Mn” for value and in “000 units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.

Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global vacuum pump market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.

Country-specific valuation on demand for vacuum pumps has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of vacuum pumps, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of vacuum pumps has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the vacuum pump market.

Prominent companies operating in this space include Atlas Copco, Ebara Corporation, Busch Vacuum Solutions, Edwards (Atlas Copco), Leybold GmBH (Atlas Copco), ULVAC, Becker Pumps Corporations, Gardner Denver Inc. (Ingersoll Rand), Gebr. Becker GmBH, Pfeiffer Vacuum GmBH, KNF Neuberger, Inc., Sihi Group B.V. (Flowserve), Tuthill Corporation, Vooner FloGard Corporation, and others.

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Vacuum Pump Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030