The Vacuum Pump Market is fragmented by product, which include high, low and medium vacuum pumps. Among these, high speed vacuum pumps are likely to register positive growth due to its end user industries will register the significant growth in forecast spell. In terms of value, the high vacuum pumps registered more than USD 2.5 billion by 2025.
Vacuum Pump Market will surpass USD 6.5 billion by 2025. Significant growth in pharmaceutical industry in emerging economies such as Europe and North America will boost the sales of vacuum pump positively in future. Vacuum pumps are used during the manufacturing of active pharmaceutical ingredients (APIs), intermediate products and bulk drugs to maintain the perfect reaction environment. In 2017, the U.S. minimal spending on pharma products crossed USD 450 billion.
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Oil & gas sector will dominate the entire end-user segment with an estimated CAGR of 6% over the forecast years. Upsurge in investments for production & exploration activities with current changes in policies related to production of oil & gas specially in North America is crucial factor for vacuum pumps market growth by 2025.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Atlas Copco
- Pfeiffer Vacuum Technology AG
- Gardner Denver
- Agilent Technologies Inc.
- ULVAC Inc.
- Ebara Corporation
- Leybold GmbH
- Busch Vacuum Pumps and Systems
- Shimadzu Corporation
- Kashiyama Industries Ltd.
- KNF Neuberger GmbH
- Gast Manufacturing Inc.
- Becker GmbH
- DEKKER Vacuum Technologies, Inc.
- PPI Pumps Pvt. Ltd.
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Development in chemical industry is the key factor impacting the sales of vacuum pump positively in coming years. Global chemical industry is likely to register around USD 5.5 billion by 2025 and China accounts the major share in the entire industry. This is all due to the existence of various small as well as medium scale manufacturers which caters the native demand, and this trend is expected to follow throughout the forecast period. Developing economies like Indonesia, India and Thailand and will spur the chemical market growth in Asia Pacific region. Extensive usage of the product in chemical industry for many critical applications, such as in maintaining clean & dry reaction environments, will propel the regional vacuum pumps market demand over the forecast spell.
On the basis of lubrication, the market is segregated into wet and dry. Among these, dry vacuum segment will register annual growth with around 6% CAGR in future as the pumps don’t require any kind of lubrication and also provide dust & contamination free environment. This feature makes these pumps suitable for various applications in pharma industry.
On the basis of technology, the industry is divided into gas transfer and gas capture/binding vacuum pumps. Among these, gas transfer pumps will capture around 80% of entire market share and dominate the overall technology segment. The gas transfer pumps segment is further bifurcated into kinetic type and positive displacement type. These types of pumps are extremely high-pressure machines and find application in chemical conveyance, energy sector, etc.
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On the basis of region, China vacuum pumps industry will likely to witness around 7% CAGR in future, with revenue more than USD 2 billion by 2025. Prevalence of basic chemical and consumer electronic products manufacturing industries in China will bolster the regional market demand over the forecast timeframe.
The major players in the vacuum pump market include DEKKER, Shimadzu, Busch, Becker, Pfeiffer, Atlas Copco, Ebara, Agilent, ULVAC, Kashiyama, etc.