Global Vacuum Pump Market Overview
Vacuum pumps are pumps that remove gas molecules from a sealed volume and leave a partial vacuum behind. They are used in various applications like cleaning, sealing, etc. The vacuum pump market is mainly driven by the electronics and semiconductor industry where the vacuum pumps are used while producing electric lamps and vacuum tubes. The rapid rise in demand for smartphones and tabs have resulted in the growth of the semiconductor industry boosting the vacuum pump market growth. Vacuum pumps are also used in medical applications like radiotherapy, radiosurgery and radio pharmacy which is further empowering the vacuum pump market growth. The Vacuum pump market is also extensively associated with the chemical, glass and metal industry with vacuum pumps used for vacuum coating and ophthalmic coating. The COVID19 situation has affected the Oil and Gas industry which might affect the vacuum pump market. The pandemic has also resulted in increased demand for advanced medical diagnosis equipment, these equipments require suction using vacuum, further reinforcing the demand for vacuum pump in the global market.
Global Vacuum pump market: Market segmentation
The vacuum pump market can be segmented based on airflow, pump type, vacuum range and application.
By airflow, the vacuum pump market can be segmented as:
- Positive Displacement
- Momentum Displacement
By pump type, the vacuum pump market can be segmented as:
- Rotary vane vacuum pump
- Screw air vacuum pump
- Piston vacuum pump
- Diaphragm pump
By vacuum range, the vacuum pump market can be segmented as:
- Primary (Backing) pumps
- Booster pumps
- Secondary (High vacuum) pumps
By application, the vacuum pump market can be segmented as:
- Industrial Manufacturing
- Semiconductor and Electronics
- Medical, Chemical and Pharmaceutical
- Oil, gas and Mining
- Power and Energy
North America and Asia Pacific to be the Frontrunner Regions in Global Vacuum Pump Market
The rising demand, infrastructural development and technological advancements in oil & gas, chemical, semiconductors and pulp and paper industries in the regions of North America and the Asia Pacific has helped the vacuum pump market development. The vacuum pump market in Europe is growing moderately with the semiconductor manufacturing industry being the key driver. The stringent environmental regulations imposed on end user industries in Europe have although resulted in a shift of the vacuum pump market from Europe to emerging economies such as India and China. The rise of the Healthcare industry in India, Japan, UK and the US promises further boost for the vacuum pump market.
COVID-19: Increase in demand for medical and healthcare industry a positive amidst the slowdown in other industries
The global outbreak of COVID-19 has caused a surge in the medical and healthcare industry resulting in demand for the vacuum pump market. Medical applications that require suction, the respiratory devices and the central vacuum systems all depend on vacuum pumps to function which will elevate the demand for vacuum pump market. The requirement of discovering vaccines for prevention and cure of deadly diseases has become significant which has boosted the vacuum pump market owing to demand from laboratories. The oil and gas industries use vacuum pumps for applications like enhanced oil recovery, vapor recovery. With the collapse of these industries due to rapid fall in prices the vacuum pump market may observe a considerable decrease in demand. Paper and pulp, chemical, electronics and semiconductor industry have also slowed down causing a decline in demand for the vacuum pump market.
R&D Investment and Facility Upgrades in Power, Oil and Gas industry to Increase Demand for the Vacuum Pumps
The vacuum pump market is a fragmented, highly competitive market with an evenly distributed spread of players across different regions. With various variants available in the vacuum pump market, players are looking to focus on one or two types and enter into trade agreements with companies needing those variants. The increasing investment in Analytics and R&D sector where vacuum pumps are used for analysing solid, gas, surface, liquid and bio materials and the facility upgrades in the oil and gas industry has resulted in high rivalry amongst the competitors in the vacuum pump market. Some of the key players in the vacuum pump market are Atlas Copco, Busch Vacuum, Cutes Corp., Dekker, Ebara, Gardner Denver, Gast (IDEX), Gebr. Becker, Graham, KNF Neuberger, Pfeiffer Vacuum, PPI Pumps, Samson Pump, Sterling SIHI, Tsurumi Manufacturing, Tuthill, ULVAC, Shanghai EVP Vacuum Technology Co. and Wenling Tingwei.
The research report presents a comprehensive assessment of the vacuum pump market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated data. It also contains projections using a suitable set of assumptions and methodologies. The vacuum pump market report provides analysis and information according to market segments such as airflow, pump type, vacuum range, application and region.
The Vacuum Pump Market Report Covers Exhaustive Analysis On:
- Market Segments in the Vacuum Pump Market
- Vacuum Pump Market Dynamics
- Vacuum Pump Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the Vacuum Pump Market
- Value Chain of the Vacuum Pump Market
Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Rest of Europe)
- East Asia (Japan, China, South Korea)
- South Asia & Oceania (India, Thailand, Indonesia, Australia, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, Turkey, Rest of MEA)
The vacuum pump market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The vacuum pump market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The vacuum pump market report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of the parent market
- Changing vacuum pump market dynamics in the industry
- In-depth vacuum pump market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- Must-have information for vacuum pump market players to sustain and enhance their market footprint.
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