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What is the current market size and future outlook for the vacuum pumps market?
The vacuum pumps market size has grown strongly in recent years. It will grow from $5.5 billion in 2024 to $5.84 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to the emergence of new end-use industries, pharmaceutical developments, chemical industry growth, energy sector needs, and increasing environmental regulations.
The vacuum pumps market size is expected to see strong growth in the next few years. It will grow to $7.36 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to the expansion of the semiconductor industry, energy sector expansion, development of emerging markets, increasing research and development activities, and growing focus on energy efficiency and sustainability. Major trends in the forecast period include industry 4.0 integration, the development of energy-efficient vacuum pumps utilizing advanced materials, a trend towards miniaturized vacuum pumps, advancements in high vacuum technologies, and the integration of Internet of Things (IoT) technology into vacuum pumps.
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How has the vacuum pumps market evolved, and what factors have shaped its growth?
The rising food and beverage industry is expected to propel the growth of the vacuum pumps market going forward. The food and beverage industry encompasses the production, processing, packaging, and distribution of food and drink products for consumption. The food and beverage industry is increasing due to shifting consumer preferences towards convenience foods, growing demand for healthy and organic options, and an expanding global population driving consumption. Vacuum pumps are utilized in the food and beverage industry to extend shelf life and maintain product quality by removing air and preventing oxidation during packaging and processing. For instance, in October 2023, according to the Agriculture and Agri-Food Department of a Canada-based government department in 2022, exports of processed food and beverage products reached a historic high of $54.3 billion, marking a 14.1% rise from the previous year and constituting 34.7% of the total production value. Therefore, the rising food and beverage industry is driving the growth of the vacuum pumps market.
What are the major segments of the vacuum pumps market?
The vacuum pumps market covered in this report is segmented –
1) By Pump Type: Positive Displacement, Dry Vacuum, Centrifugal, Momentum Transfer
2) By Mechanism: Gas Transfer, Gas Binding
3) By Pressure: Low Vacuum Pumps, Medium Vacuum Pumps, High Vacuum Pumps, Ultra-High Vacuum Pumps, Extreme High Vacuum Pumps
4) By End-User: Automotive, Chemical And Petrochemical, Aerospace And Defense, Oil And Gas, Healthcare And Pharmaceuticals, Other End-Users
Subsegments:
1) By Positive Displacement Pumps: Rotary Vane Pumps, Piston Pumps, Diaphragm Pumps, Liquid Ring Pumps, Screw Pumps
2) By Dry Vacuum Pumps: Dry Screw Pumps, Dry Diaphragm Pumps, Dry Scroll Pumps, Dry Claw Pumps, Dry Piston Pumps
3) By Centrifugal Pumps: Single-Stage Centrifugal Pumps, Multi-Stage Centrifugal Pumps, High-Capacity Centrifugal Pumps, Low-Pressure Centrifugal Pumps
4) By Momentum Transfer Pumps: Turbomolecular Pumps, Molecular Pumps, Cryogenic Pumps, Booster Pumps
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Which companies dominate the vacuum pumps market?
Major companies operating in the vacuum pumps market are Atlas Copco AB, Agilent Technologies Inc., Ebara Corporation, Gardner Denver Holdings Inc., ULVAC Technologies Inc., Busch Vacuum Solutions, Pfeiffer Vacuum GmbH, Leybold GmbH, Anest Iwata Corporation, KNF Neuberger GmbH, Graham Corporation, Tuthill Corporation, Becker Pumps Corporation, VACUUBRAND GMBH + CO KG, Dekker Vacuum Technologies Inc., Gast Manufacturing Inc., Osaka Vacuum Ltd., Welch Vacuum Technology Inc., Wenling Tingwei Vacuum Equipment Co. Ltd, Kashiyama Industries Ltd.
How will evolving trends contribute to the growth of the vacuum pumps market?
Major companies operating in the vacuum pumps market are developing new products, such as dry-running vacuum pumps, to gain a competitive edge in the market. Dry-running vacuum pumps refer to devices that remove gas molecules from a sealed volume to create a partial vacuum or low-pressure environment. For instance, in March 2023, Flowserve Corporation, a US-based provider of flow control products and services, launched the SIHI Boost UltraPLUS dry-running vacuum pump. It is designed to significantly reduce cycle times for batch processes by up to 50% or more, making it an effective solution for load lock applications. This improved pump design retains the benefits of the original SIHI Boost pumps, including oil-free operation and full electronic synchronization, and further enhances performance by cutting re-acceleration time by up to 50%.
What are the key regional dynamics of the vacuum pumps market, and which region leads in market share?
Asia-Pacific was the largest region in the vacuum pumps market in 2023. The regions covered in the vacuum pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Vacuum Pumps Market Report 2025 Offer?
The vacuum pumps market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A vacuum pump is a device that removes gas molecules from a sealed volume to create a partial vacuum. The main purpose of a vacuum pump is to reduce the pressure within a system, which can be useful in various applications across multiple industries, including manufacturing, scientific research, and medical fields. These pumps enable processes that require low-pressure environments, such as electron microscopy, semiconductor fabrication, and vacuum packaging.
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