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Industrial Vacuum Pump Market Size
Industrial Vacuum Pump Market was valued at USD 7.2 billion in 2023 and is anticipated to register a CAGR of 5.1% between 2024 and 2032, driven by its critical applications across various industries. In the semiconductor and electronics sector, vacuum pumps are crucial for processes like coating, etching, and lithography, which are necessary for making high-precision components. According to the U.S. Bureau of Labor Statistics, the semiconductor industry has seen a 5% annual growth rate, highlighting the increasing demand for vacuum pumps. In addition, Vacuum pumps are essential in the chemical and pharmaceutical sectors for processes like distillation, drying, and crystallization, ensuring product purity and effectiveness.
Furthermore, in the food and beverage industry, vacuum pumps are used for packaging, drying, and preservation, which help maintain product quality and extend shelf life. According to the U.S. Bureau of Labor Statistics, the demand for vacuum pumps in these industries is expected to grow by 5% annually, driving the market expansion.
Report Attributes | Details |
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Base Year: | 2023 |
Market Size in 2023: | USD 7.2 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 5.1% |
2024 – 2032 Value Projection: | USD 11.2 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 135 |
Tables, Charts & Figures: | 49 |
Segments covered: | Type, Pressure Range, Size, End-Use Industry, Distribution Channel, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The industrial vacuum pump market faces challenges due to the significant upfront investment and ongoing maintenance costs, which can be a deterrent for small and medium-sized enterprises. Additionally, the complexity of vacuum pump systems and the requirement for skilled personnel to operate and maintain these systems can pose barriers, especially for industries with limited technical expertise. These factors can hinder the adoption of advanced vacuum pump technologies, impacting market growth and accessibility.
Industrial Vacuum Pump Market Trends
The industrial vacuum pump industry is changing rapidly, focusing on better efficiency and advanced technology. Modern vacuum pumps now use IoT and Industry 4.0 features, which allow for predictive maintenance and real-time performance monitoring. This technology improves automation and control systems, leading to better process control, higher efficiency, and less need for human intervention. Additionally, the demand for energy-efficient vacuum pumps is growing due to strict energy regulations and sustainability goals.
Industrial Vacuum Pump Market Analysis
Based on Type, the oil rotary pump segment was worth over USD 2.4 billion in 2023 and is expected to grow at a CAGR of 4.8% from 2024 to 2032, due to its robust performance and reliability in various applications. Oil rotary pumps are popular in industries like manufacturing, chemical processing, and pharmaceuticals due to their efficiency, durability, and ability to handle different vacuum levels. According to the U.S. Department of Energy, these pumps can achieve efficiencies of up to 90%. Their reliability and adaptability in various industrial settings ensure their continued growth.
Based on Pressure range, the medium vacuum (10^2 -10^-1 Pa) pressure range dominated the market share of 61.1% in 2023 and is expected to grow at a CAGR of 5.2% through 2032. This dominance is attributed to its broad applicability across various sectors, including electronics, pharmaceuticals, and chemical processing, where precise and reliable vacuum conditions are essential. The medium vacuum range offers versatility and efficiency for processes that require moderate vacuum levels.
Asia Pacific industrial vacuum pump market size USD 2.7 billion in 2023 and is expected to reach USD 4.3 billion by 2032. Rapid industrialization, expanding manufacturing, and substantial investments in electronics, pharmaceuticals, and chemicals in countries like China, Japan, and India are fueling growth. For instance, according to the World Bank, China's manufacturing sector grew by 6.9% in 2023. The region's robust economic performance, coupled with a rising appetite for advanced manufacturing technologies, is propelling market expansion.
Country-Level Analysis
North America: The U.S. dominated the North America industrial vacuum pump market by acquiring USD 1.4 billion in 2023 and is expected to grow at a CAGR of over 5.3% through 2032, due to its advanced industrial base, strong semiconductor manufacturing, and significant R&D investments. According to the U.S. Bureau of Economic Analysis, the U.S. invested over $580 billion in R&D in 2022. Key industries like electronics, pharmaceuticals, and chemicals drive consistent demand.
Asia Pacific: China dominated the Asia Pacific industrial vacuum pump market accounted for over 33% market share in 2023 and is expected to grow at a CAGR of over 5.6% through 2032, due to its rapid industrial growth, large investments in manufacturing and infrastructure, and the strong performance of its electronics and semiconductor sectors. Additionally, China's focus on technological advancements and the expansion of its pharmaceutical and chemical industries are increasing the demand for industrial vacuum pumps.
Industrial Vacuum Pump Market Share
The global market is fragmented, with prominent players, such as Busch Vacuum Solutions, Gardner Denver, Atlas Copco, Pfeiffer Vacuum and Agilent Technologies, holding a market share of ~10-15%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.
Industrial Vacuum Pump Market companies
Major key players operating in the industrial vacuum pump industry include:
- Agilent Technologies
- Atlas Copco AB (Edwards)
- Becker Pumps Corporation
- Busch Vacuum Solutions
- Ebara Corporation
- Flowserve Corporation
- Gardner Denver
- Global Vac
- Graham Corporation
- Ingersoll Rand Inc.
- Pfeiffer Vacuum GmbH
- Tsurumi Manufacturing Co. Ltd
- ULVAC Inc.
- Wintek Corporation
Industrial Vacuum Pump industry News
- In March 2023, Kaishan USA, a global leader in industrial air compressor manufacturing, launched the KRSV series of industrial vacuum pumps. The new Kaishan KRSV oil-flooded rotary screw vacuum pumps come fully assembled and ready for immediate integration into any system or for standalone use straight out of the box. These vacuum pumps are at the forefront of energy efficiency, featuring a combination of variable speed drive and variable discharge port airend.
- In October 2023, Atlas Copco has unveiled its next generation of dry claw vacuum pumps, the DZS A series. This new series establishes a new standard for performance, efficiency, and reliability. Engineered to meet the evolving demands of manufacturing industries, the DZS A series provides substantial benefits.
This industrial vacuum pump market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2021 to 2032, for the following segments:
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Market, By Type
- Liquid ring vacuum pump
- Oil Rotary Pump
- Roots Pump
- Dry vacuum pump
- Multi-Stage Roots Vacuum Pump
- Dry Screw Vacuum Pump
- Dry Scroll Vacuum Pump
- Dry Diaphragm Vacuum Pump
- Dry Rotary Vane Vacuum Pump
- Dry Rocking Piston Vacuum Pump
- Dry Rotary Crow Vacuum Pump
- Dry Turbo Vacuum Pump
Market, By Pressure Range
- Low vacuum (10^5-10^2 Pa)
- Medium vacuum (10^2 -10^-1 Pa)
Market, By Size
- Small (< 10 m3/h)
- Medium (10-100 m3/h)
- Large (> 100 m3/h)
Market, By End-use Industry
- Semiconductor
- Water & Wastewater Treatment
- Chemicals and Petrochemicals
- Mining
- Food and Beverages
- Construction
- Oil & Gas
- Pharmaceutical
- Others (Agricultural, Textile, etc.)
Market, By Distribution Channel
- Direct Sales
- Indirect Sales
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Indonesia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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