Industrial Vacuum Pumps Market Outook, Share Analysis And Industry Report 2033

Overview and Scope
Industrial vacuum pumps refer to devices used to create a vacuum by removing gas molecules from a sealed volume, thus reducing the pressure within the space. These pumps are designed to handle different vacuum ranges, from low to ultra-high vacuum each suited for specific industrial requirements. Their primary function is to ensure efficient and reliable vacuum generation for processes that require controlled atmospheric conditions.

Sizing and Forecast
The industrial vacuum pumps market size has grown strongly in recent years. It will grow from $5.23 billion in 2023 to $5.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to growth of the semiconductor industry, expansion of the automotive industry, increasing applications in the oil and gas sector, rise in demand from the pharmaceutical industry, adoption of vacuum pumps in food and beverage processing, expansion of the chemical industry, and utilization of vacuum pumps in energy and power generation.

The industrial vacuum pumps market size is expected to see strong growth in the next few years. It will grow to $7.45 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increasing demand from the pharmaceutical sector, adoption of vacuum pumps in emerging markets, focus on energy efficiency and sustainability, and expansion of vacuum pump applications in aerospace and defense. Major trends in the forecast period include adoption of Industry 4.0 technologies in vacuum pump systems, shift towards oil-free and environmentally friendly vacuum pump solutions, integration of digital twins and simulation tools for vacuum system optimization, the emergence of smart vacuum pumps with remote monitoring and control capabilities, and technological advancements in vacuum pump technology.

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Segmentation & Regional Insights
The industrial vacuum pumps market covered in this report is segmented –

1) By Type: Rotary Vacuum Pumps, Reciprocating Vacuum Pumps, Kinetic Vacuum Pumps, Dynamic Pumps, Specialized Vacuum Pumps
2) By Application: Reaction Process, Drying Process, Distillation Process, Crystallization Process
3) By End-User: Food And Beverage, Energy And Power, Pharmaceutical, Chemical, Semiconductor, Oil And Gas, Automotive, Other End Users

North America was the largest region in the industrial vacuum pumps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial vacuum pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growth in semiconductor manufacturing is expected to propel the growth of the industrial vacuum pump market going forward. A semiconductor refers to a material with electrical conductivity between a conductor and an insulator, used extensively in electronic devices to control current flow. The rise of semiconductor manufacturing facilities is due to growing demand for electronic devices, technological advancements, and the Internet of Things (IoT) expansion. Industrial vacuum pumps are essential in semiconductor manufacturing processes for creating and maintaining vacuum environments critical for various fabrication steps, such as deposition, etching, and wafer handling. For instance, in May 2024, the Semiconductor Industry Association (SIA), a U.S.-based national trade association representing the semiconductor and microchip industries, reported that worldwide sales of semiconductors totaled $137.7 billion during the first quarter of 2024, marking a 15.2% increase compared to the first quarter of 2023. Regionally, year-over-year sales in March increased by 27.4% in China, 26.3% in the Americas, and 11.1% in Asia Pacific/All Other regions. Therefore, growth in semiconductor manufacturing is driving the industrial vacuum pump market.

Key Industry Players
Major companies operating in the industrial vacuum pumps market are Atlas Copco AB, Agilent Technologies Inc., GEA Group AG, MANN+HUMMEL Group, Gardner Denver Holdings Inc., Edwards Vacuum Limited, Busch Vacuum Solutions Inc., Pfeiffer Vacuum Technology AG, Tuthill Corporation, Oerlikon Leybold Vacuum GmbH, Leybold GmbH, Gebr. Becker GmbH, PIAB AB, Graham Corporation, Becker Pumps Corporation, Gast Manufacturing Inc., MDC Vacuum Products LLC, ULVAC Technologies Inc., DEKKER Vacuum Technologies Inc., DVP Vacuum Technology Co. Ltd., Precision Plus Vacuum Parts, MIL’S S.A.S., BGS General Srl, Pompetravaini S.p.A., Samson Pumps A/S

The industrial vacuum pumps market report table of contents includes:

1. Executive Summary

2. Industrial Vacuum Pumps Market Characteristics

3. Industrial Vacuum Pumps Market Trends And Strategies

4. Industrial Vacuum Pumps Market – Macro Economic Scenario

5. Global Industrial Vacuum Pumps Market Size and Growth

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32. Global Industrial Vacuum Pumps Market Competitive Benchmarking

33. Global Industrial Vacuum Pumps Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Industrial Vacuum Pumps Market

35. Industrial Vacuum Pumps Market Future Outlook and Potential Analysis

36. Appendix