Meticulous Research® has launched its new report titled ‘Vacuum Pumps Market by Type (Rotary Vane, Dry, Liquid Ring, Screw, Claw), Lubrication (Oil-sealed, Dry), Pressure (Low, Medium, High), End-use Industry (Mining, Chemicals, Automotive, Others), and Geography – Global Forecast to 2030’.
The vacuum pumps market is projected to grow from USD 5.51 billion in 2023 to USD 7.57 billion by 2030, at a CAGR of 4.6% during the forecast period. This growth is fueled by increasing applications of vacuum pumps in mining, their growing importance in the chemical industry, and advancements in automotive technology. High power consumption remains a challenge for market growth.
Opportunities in seawater desalination and photovoltaic manufacturing are expected to boost growth, although challenges such as improper installation may impact market performance.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/vacuum-pumps-market-5500
Market Segmentation
- By Type: Covers rotary vane, dry, liquid ring, screw, and claw vacuum pumps. Rotary vane pumps are anticipated to lead the market due to their efficiency and versatility across different applications.
- By Lubrication: Includes oil-sealed and dry vacuum pumps. The oil-sealed segment is expected to dominate due to its proven reliability and performance in various applications.
- By Pressure: Low, medium, and high-pressure vacuum pumps. The high-pressure segment is forecasted to grow significantly due to its critical role in specialized industrial applications.
- By End-use Industry: Mining, chemicals, automotive, and others. The mining industry is projected to hold the largest market share, driven by the demand for advanced vacuum technologies.
- By Geography: The market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is expected to exhibit the highest growth rate, driven by rapid industrialization and infrastructure development.
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Prominent Market Players
- Atlas Copco AB: Located in Nacka, Sweden, Atlas Copco provides a range of industrial solutions, including vacuum pumps. The acquisition of Leybold GmbH has enhanced their market presence.
- EBARA CORPORATION: Tokyo, Japan-based EBARA CORPORATION offers a range of pumps and systems, including dry vacuum pumps crucial for semiconductor and display manufacturing.
- Flowserve Corporation: Texas, U.S.-based Flowserve specializes in flow control systems, including pumps and seals used in oil and gas and power generation industries.
- Graham Corporation: Based in Delaware, U.S., Graham Corporation focuses on vacuum and heat transfer technologies, with a strong emphasis on vacuum equipment.
- ULVAC, Inc.: Kanagawa Prefecture, Japan-based ULVAC produces vacuum equipment and components for sectors such as semiconductors and pharmaceuticals.
- Ingersoll Rand Inc.: North Carolina, U.S.-based Ingersoll Rand manufactures air and gas compression products and expanded its market capabilities through a merger with Gardner Denver Holdings.
- Pfeiffer Vacuum Technology AG: Asslar, Germany-based Pfeiffer Vacuum offers a comprehensive range of vacuum technology products, including turbomolecular pumps and helium leak detectors.
- Agilent Technologies Inc.: California, U.S.-based Agilent provides laboratory equipment and services, including vacuum pumps used in various industrial applications.
- Shimadzu Corporation: Kyoto, Japan-based Shimadzu develops and manufactures analytical instruments and vacuum equipment for diverse applications in healthcare and industrial sectors.
- Gebr. Becker GmbH: Headquartered in Wuppertal, Germany, Gebr. Becker is a leading manufacturer of vacuum pumps, compressors, and regenerative blowers.
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