Vacuum Pumps Market by Type (Gas Transfer Pumps, Gas Bindings/Entrapment Pumps), Lubrication (Dry Vacuum Pumps, Wet Vacuum Pumps), Pressure, End-use Industry and Geography - Global Forecasts to 2030

The Vacuum Pumps Market is projected to reach $7.57 billion by 2030 from an estimated $5.51 billion in 2023, at a CAGR of 4.6% during the forecast period of 2023 to 2030. The growth of the vacuum pumps market is driven by the rising adoption of vacuum pumps in the mining industry, the growing significance of vacuum pumps in the chemicals industry and the growth in the automotive sector. However, the high power consumption of vacuum pumps restrains the growth of this market.

The rising adoption of vacuum pumps for seawater desalination and the growing importance of vacuum pumps in the photovoltaics value chain are expected to create growth opportunities for the players operating in this market. However, the improper installation of vacuum pumps is a major challenge for market growth.

Growing Importance of Vacuum Pumps in the Photovoltaics Value Chain

In the photovoltaics (PV) value chain, the use of vacuum pumps spans a wide range of processes, from producing raw materials (solar-grade silicon) to laminating thin-film or crystalline silicon-based modules. Using vacuum pumps in photovoltaic processes has become a trend in the solar industry. Different types of vacuum pumps are used for processes such as silicon (Si) production and plasma-enhanced chemical vapor deposition (PECVD). Innovative and efficient vacuum pumps are a quintessential part of any production line. They enable safe operation, meet process requirements effectively, guarantee high uptime reliability, and ensure a low cost of ownership (CoO) through minimal maintenance and servicing requirements.

In recent years, vacuum pumps, especially compressing screw-type pumps, have successfully replaced oil-sealed pumps in many solar applications. This technology is preferred as it delivers excellent pumping performance, especially when pumping down from the atmospheric level, while keeping the operating parameters of energy, water, purging gases, and oil exchanges to a minimum. A combination of the above factors offsets the higher capital costs of these pumps, lowering the cost of ownership and maximizing returns on investment. These benefits of vacuum pumps are driving their adoption in the solar industry.

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Key Findings in the Vacuum Pumps Market Study:

The Gas Transfer Pumps Segment is Projected to Register the Highest CAGR During the Forecast Period

Based on type, the global vacuum pumps market is segmented into gas transfer pumps, gas binding/entrapment pumps, and other vacuum pumps. The gas transfer pumps segment is projected to register the highest CAGR during the forecast period. These pumps are used in various industries for applications such as vacuum distillation in pharmaceuticals, manufacturing microchips in semiconductors & electronics, food packaging in food & beverages, and analytical instruments for sample analysis. The increasing demand from various industries, coupled with technological advancements, is expected to drive the growth of the gas transfer pumps market.

The Wet Vacuum Pumps Segment is Projected to Register the Highest CAGR During the Forecast Period

Based on lubrication, the global vacuum pumps market is segmented into dry and wet vacuum pumps. The wet vacuum pumps segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by increasing strategic development by the key players operating in the vacuum pumps market to promote the use of these pumps.

The High Vacuum (10–3 Mbar to 10–7 Mbar) Segment is Projected to Register the Highest CAGR During the Forecast Period

Based on pressure, the global vacuum pumps market is segmented into rough vacuum (1 bar to 1 mbar), medium vacuum (1 mbar to 10^–3 mbar), high vacuum (10^–3 mbar to 10^–7 mbar), ultra-high vacuum (10^–7 mbar to 10^–12 mbar), and extreme high vacuum (more than 10^–12 mbar). The high vacuum (10^–3 mbar to 10^–7 mbar) segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by the rising demand for a high vacuum for refrigeration, air-conditioning applications, and oil purification in oil regeneration and re-refining.

The Energy & Utilities Segment is Projected to Register the Highest CAGR During the Forecast Period

Based on end-use industry, the global vacuum pumps market is segmented into electronics & semiconductors, aerospace & defense, chemicals, automotive, healthcare, food & beverage, industrial manufacturing, oil & gas, mining, construction, energy & utilities and other end-use industries. The energy & utilities segment is projected to record the highest CAGR during the forecast period. The growth of this segment is driven by the increasing applications of vacuum pumps in power plants and the rising adoption of vacuum pumps in utility vehicles for pumping and containing industrial waste, wastewater, and cooking oil, among others.

Asia-Pacific: Slated to Register the Highest CAGR During the Forecast Period

Based on geography, the global vacuum pumps market is segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this market is attributed to the technological advancements in vacuum pumps and the growing demand for vacuum pumps in emerging economies due to increasing manufacturing activities in several industries such as pharmaceuticals, automotive and chemicals.

Key Players

The key players operating in the global vacuum pumps market are Atlas Copco AB (Sweden), Gebr. Becker GmbH (Germany), Flowserve Corporation (U.S.), Graham Corporation (U.S.), Ingersoll Rand Inc. (U.S.), EBARA CORPORATION (Japan), ULVAC, Inc. (Japan), Pfeiffer Vacuum Technology AG (Germany), Agilent Technologies Inc. (U.S.), Shimadzu Corporation (Japan), Kashiyama Industries, Ltd. (Japan), Wenling Tingwei Vacuum Equipment Co., Ltd (China), VACUUBRAND GMBH + CO. KG (Germany), Gast Manufacturing, Inc. (U.S.), KNF DAC GmbH (Germany), Busch Dienste GmbH (Germany), and GlobalVac & Air (U.S.).

Scope of the Report:

Vacuum Pumps Market Assessment, by Type               

• Gas Transfer Pumps
• Gas Binding/Entrapment Pumps
• Other Vacuum Pumps

Vacuum Pumps Market Assessment, by Lubrication

• Dry Vacuum Pumps
• Wet Vacuum Pumps

Vacuum Pumps Market Assessment, by Pressure

• Rough Vacuum (1 Bar to 1 Mbar)
• Medium Vacuum (1 Mbar to 10^–3 Mbar)
• High Vacuum (10^–3 Mbar to 10^–7 Mbar)
• Ultra-high Vacuum (10^–7 Mbar to 10^–12 Mbar)
• Extreme High Vacuum (More than 10^–12 Mbar)

Vacuum Pumps Market Assessment, by End-use Industry

• Electronics & Semiconductors
• Aerospace & Defense
• Chemicals
• Automotive
• Healthcare
• Food & Beverage
• Industrial Manufacturing
• Oil & Gas
• Mining
• Construction
• Energy & Utilities
• Other End-use Industries

Vacuum Pumps Market Assessment, by Geography     

• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Rest of Asia-Pacific
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa

Key Questions Answered in the Report: