Vacuum Pumps Market is Projected to Grow by US$ 8.35 Billion at a CAGR of 6.80% | IMARC Group

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Vacuum Pumps Market is Projected to Grow by US$ 8.35 Billion at a CAGR of 6.80% | IMARC Group

Vacuum Pumps Market is Projected to Grow by US$ 8.35 Billion at a CAGR of 6.80% | IMARC Group
IMARC Group expects the market to reach a value of US$ 8.35 Billion by 2027, exhibiting a CAGR of 6.80% during 2022-2027.

According to the latest report by IMARC Group, the global vacuum pumps market reached a value of US$ 5.53 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.35 Billion by 2027, exhibiting a CAGR of 6.80% during 2022-2027.

Vacuum pumps are compressors that are used to extract gas molecules out of a sealed chamber to generate a low-pressure space or partial vacuum. They have motors, handles, oil drains, exhaust fittings, and fan covers to avoid harmful chemical reactions, help maintain a vacuum, and reduce the boiling point of several gases. Vacuum pumps are available in various technologies as per the pressure requirements. They find extensive applications in electronics, radio-pharmacy, radiosurgery, and radiotherapy. As a result, vacuum pumps are used across numerous sectors, such as oil and gas, chemical processing, food and beverage (F&B), power generation, etc.

Vacuum Pumps Market Trends and Drivers:

The expanding chemical industry is primarily driving the vacuum pumps market. Besides this, the rising utilization of vacuum pumps in photolithography, mass spectrometers, electron microscopy, composite molding, flight instruments, cabinetry fabrication, uranium enrichment, glass and stone-cutting factories, etc., is further augmenting the market growth.

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Apart from this, the F&B sector is also utilizing these devices for dairy processing, sterilization of tea and spices, chocolate production, coffee roasting, deaeration of mineral water, etc., which is also positively influencing the product demand. In addition to this, the escalating requirement for vacuum pumps in the pharmaceutical industry for degassing, crystallization, drying, and distillation is acting as another significant growth-inducing factor.

Moreover, the widespread product usage in eliminating moisture and air from refrigeration and air conditioning systems is expected to bolster the vacuum pumps market in the coming years. Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Vacuum Pumps Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Atlas Copco AB, Becker Pumps Corporation, Busch Group, Cutes Corporation, Ebara Corporation, Flowserve Corporation, Graham Corporation, Ingersoll Rand Inc., Pfeiffer Vacuum GmbH, PPI Pumps Pvt. Ltd., Tsurumi Manufacturing Co. Ltd. and ULVAC Inc.

The report has segmented the market on the basis of region, type, lubrication, pressure and application.

Breakup by Type:

  • Rotary Vacuum Pumps
  • Rotary Vane Pumps
  • Screw and Claw Pumps
  • Roots Pumps
  • Diaphragm Pumps
  • Piston Pumps
  • Ejector Pumps
  • Turbomolecular Pumps
  • Diffusion Pumps
  • Liquid Ring Pumps
  • Side Channel Pumps
  • Getter Pumps
  • Cryogenic Pumps 
  • Reciprocating Vacuum Pumps
  • Kinetic Vacuum Pumps
  • Dynamic Pumps
  • Specialized Vacuum Pumps

Breakup by Lubrication:

  • Dry Vacuum Pump
  • Wet Vacuum Pump

Breakup by Pressure:

  • Rough Vacuum Pumps (103 Mbar to 1 Mbar)
  • Medium Vacuum Pumps (1 Mbar to 10-3 Mbar)
  • High Vacuum Pumps (10-3 Mbar to 10-7 Mbar)
  • Ultra-High Vacuum Pumps (10-7 Mbar to 10-12 Mbar)
  • Extreme High Vacuum Pumps (Less Than 10-12 Mbar)

Breakup by Application:

  • Oil and Gas
  • Electronics
  • Medical
  • Chemical Processing
  • Food and Beverages
  • Power Generation
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure:

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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