Focus on Sustainability Stimulating Adoption of Vacuum Pumps Complying with Ambitious Sustainability Goals, Fact.MR Report
According to a recently revised study published by seasoned analysts at Fact.MR, worldwide revenue from the sales of vacuum pumps is poised to reach US$ 817.1 million in 2024. The global vacuum pump markethas been analyzed to increase at a CAGR of 7.1% from 2024 to 2034.
Rapid technological advancements in vacuum pumps are playing a significant role in driving market growth and encouraging businesses to become more sustainable and efficient. Development of energy-efficient pumps, oil-free designs, and advanced monitoring systems is changing traditional pump operations. These advancements not only help in improving pump performance and efficiency but also significantly reduce energy usage and its detrimental impact on the environment. By addressing important industry concerns such as energy efficiency and sustainability, these advancements are increasing usage in several industries, including mining, food & beverages, aerospace & military, and healthcare.
Key Takeaways from Market Study:
- The global vacuum pump market is evaluated to reach a valuation of US$ 1.62 billion by the end of 2034.
- North America is expected to hold 28.3% of the global market share in 2024.
- Demand for positive displacement vacuum pumps is forecasted to increase at 7.2% CAGR through 2034.
- The East Asia market is evaluated to reach US$ 429.9 million by the end of 2034.
- In 2024, China is poised to account for 48.4% of the market share in the East Asia region.
- Under lubrication, sales of wet vacuum pumps are forecasted to ascend to US$ 939.4 million by the end of 2034.
- The market in Japan is projected to rise at a CAGR of 7.2% between 2024 and 2034.
“Vacuum pumps being increasingly used in laboratories, hospitals, and medical equipment for tasks such as suction, sterilization, and anesthesia,” says a Fact.MR analyst
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Leading Players Driving Innovation in theVacuum Pump Market
ULVAC; Atlas Copco; Pfeiffer Vacuum GmbH; Tuthill Corporation; Busch Vacuum Solution; Leybold GmbH; Gebr. Becker GmbH; KNF Neuberger Inc.; Ebara Corporation; Sihi Group B.V. (Flowserve); Vooner FloGard Corporation.
Rising Sales of Positive Displacement Vacuum Pumps Driven by Their Versatility and Durability
Need for positive displacement vacuum pumps is rising due to their versatility, durability, and ability to handle a wide range of applications across several industries. These pumps are particularly useful for processes requiring high vacuum levels or handling harsh or condensable gases. Positive displacement vacuum pumps are preferred because they achieve and maintain the required high vacuum levels with minimal pollution in industries such as semiconductor manufacturing, vacuum coating, and analytical equipment. Because of their sturdy construction and simple design, vacuum pumps are ideal for handling corrosive gases and particles since they require little maintenance and provide dependable performance.
Vacuum Pump Industry News:
- In November 2023, Busch Vacuum Solutions, a global market leader in the production of vacuum pumps, vacuum systems, blowers, and compressors, launched the R5 RA 0520 A rotary vane vacuum pump.
- In September 2023, Busch introduced the R5 RA vacuum pump, a new model that is energy-saving and possibly increases energy savings up to 25%.
- In September 2023, Mass-Vac introduced a high-capacity vacuum pump intake trap that is intended to recover large amounts of contaminants from processes such as LPCVD, PECVD, MOCVD, HVPE, and ALD.
- In March of 2023, Kaishan USA, a leading world producer of industrial air compressors, launched the KRSV, a series of new industrial vacuum pumps. The brand-new Kaishan KRSV oil-flooded rotary screw vacuum pumps came fully assembled and ready to plug into any system or be run standalone.
- In March 2022, Ingersoll Rand Inc., a global industrial solutions leader and creator of mission-critical flow, introduced the new SVT Series of high-capacity, high-efficiency oil-lubricated rotary screw vacuum pumps under the Elmo Rietschle specialty vacuum brand.
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More Valuable Insightson Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the vacuum pump market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on pump type (positive displacement, dry, centrifugal, momentum transfer, regenerative application), lubrication (dry, wet), application (assembly, conveying, dehydration/drying, engine testing, evaporation & distillation, filling, holding/chucking, manufacturing, material handling, thermoforming), mechanism (gas transfer, gas binding), pressure (rough, medium, high, ultra-high, extremely high), and end-use vertical (aerospace & defense, automotive, chemicals & petrochemicals, electronics & semiconductors, food & beverages, healthcare & pharmaceuticals, mining & construction, oil & gas, packing, power generation), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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