Vacuum Pumps Market Segments Overview 2023: Global Size, Share, Sales, Key Players, Technology and Trends, Forecast 2030

According to a Comprehensive Research Report by Market Research Future, The Vacuum Pumps market will rise from the valuation of USD 5.5 Billion attained in 2023 to USD 8.0 Billion by 2032, while exhibiting growth at a rate of 4.90% between 2023 and 2032.

Vacuum Pumps Market Overview

A vacuum pump is a machine that expels gas molecules from a closed area in an effort to create a partial vacuum. A partial hoover is created inside a container by hoover pumps, which is their main job. It has a wide range of uses, including in tilt tanks, propelled jet aircraft, chemical and petrochemical processing, and assembly machinery. Support for mechanical devices is provided by hoover. For instance, this pump can be installed on the engines of diesel and hybrid cars. The vacuum pump technology will see strong demand in the forthcoming years, in light of the escalating sales of semiconductors worldwide.

Market Competitive Landscape:

To increase their market presence, vendors are using a variety of techniques, including product/service launches, geographic growth, strategic alliances, partnerships, mergers, and acquisitions. The important companies in the vacuum pumps industry are,

• Atlas CoVacuum pumpo AB
• Becker Pumps Corporation
• Busch Vacuum Solutions
• Ebara Corporation
• Flowserve Corporation
• GlobalVac & Air
• Graham Corporation
• Ingersoll Rand
• Pfeiffer Vacuum GmbH
• ULVAC Inc.

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The demand for HVAC vacuum pump has been on a notable rise as well, as a result of the surging need for HVAC systems. In addition, there is a rise in the need for heating and cooling equipment. Pumps are also crucial in HVAC systems because they move water and other fluids through connections, machinery, and piping. All of these elements therefore fuel the development of the HVAC pump sector.

Market Segmentation

By Lubrication

Both dry and wet vacuum pumps are included in the lubrication-based market segmentation. The dry sub-segment dominated the world market and contributed to more than half of the revenue in 2022.  

By Pressure

Low vacuum pumps, medium vacuum pumps, high vacuum pumps, ultra-high vacuum pumps and extreme high vacuum pumps are the different pressure-based segments. The high vacuum pump market is predicted to develop at a rate of roughly 5% through 2027, making it the one with the fastest rate of expansion.  

By End User

Automotive, chemical and petrochemical, aerospace and defence, oil and gas, healthcare and pharmaceuticals, and others are the top end-users.

Regional Insights

Over the forecast period, the Asia Pacific will be the ruling market for vacuum pumps. The growing investments in end-user industries including oil and gas, chemical, and power generation have a significant impact on the vacuum pump market in the Asia Pacific region. Countries like China and India include oil sands, which are common in the area. In addition, the Indian hoover pump market had the highest rate of growth in the Asia-Pacific area, while China’s hoover pump market had the greatest market share.

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On the other hand, the sales of auto ac vacuum pumps are seeing a spike too, as a result of rising passenger car sales. Features of passenger automobiles like their appealing designs, compact sizes, and reasonable pricing have drawn strong sales and increased consumer demand. The growth of the middle class and growing living standards in emerging economies are having an impact on passenger vehicle sales. The availability of vehicles at competitive prices is changing customer purchasing patterns. The high usage of vacuum pumps in the automotive industry can also be accredited to the rise in technology advances and consumer demand for autonomous vehicles.

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