Industrial Vacuum Pump Market by End-user and Geography - Forecast and Analysis 2022-2026

The industrial vacuum pump market share is expected to increase to USD 1.16 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.03%.

This industrial vacuum pump market research report extensively covers industrial vacuum pump market segmentation by end-user (semiconductor industry, process industry, power industry, coating industry, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The industrial vacuum pump market report also offers information on several market vendors, including Agilent Technologies Inc., Atlas Copco AB, Becker Pumps Corp., Busch Dienste GmbH, Cutes Corp., Dekker Vacuum Technologies Inc., Ebara Corp., Graham Corp., IDEX Corp., Ingersoll Rand Inc., KNF DAC GmbH, OC Oerlikon Corp. AG, Pfeiffer Vacuum Technology AG, Samson Pump AS, Technika Chlodzenia Spolka z o.o., Tsurumi Manufacturing Co. Ltd., Tuthill Corp., ULVAC Inc., Vooner FloGard Corp., and PPI Pumps Pvt. Ltd. among others.

What will the Industrial Vacuum Pump Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global industrial vacuum pump market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial vacuum pump market during the forecast period.

Who are the Major Industrial Vacuum Pump Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Agilent Technologies Inc.
• Atlas Copco AB
• Becker Pumps Corp.
• Busch Dienste GmbH
• Cutes Corp.
• Dekker Vacuum Technologies Inc.
• Ebara Corp.
• Graham Corp.
• IDEX Corp.
• Ingersoll Rand Inc.
• KNF DAC GmbH
• OC Oerlikon Corp. AG
• Pfeiffer Vacuum Technology AG
• Samson Pump AS
• Technika Chlodzenia Spolka z o.o.
• Tsurumi Manufacturing Co. Ltd.
• Tuthill Corp.
• ULVAC Inc.
• Vooner FloGard Corp.
• PPI Pumps Pvt. Ltd.

 

This statistical study of the industrial vacuum pump market encompasses successful business strategies deployed by the key vendors. The industrial vacuum pump market is fragmented and the vendors are deploying growth strategies such as constantly trying to differentiate the industrial pumps manufactured by them from the other versions of screw pumps available in the market through technological innovations to compete in the market.

Product Insights and News

• Atlas Copco AB - Under the compressor technique segment, the company offers compressed air solutions, industrial compressors, gas and process compressors and expanders, air and gas treatment equipment, air management systems, and service through a global network. 
• Atlas Copco AB - The company offers industrial vacuum pumps such as liquid ring vaccum pumps and dry vaccum pumps. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial vacuum pump market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Industrial Vacuum Pump Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial vacuum pump market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Industrial Vacuum Pump Market?

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48% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for industrial vacuum pump market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The end-users in the market are becoming aware of energy-efficient and eco-friendly solutions, which will facilitate the industrial vacuum pump market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 hindered the growth of the regional industrial vacuum pumps market. However, after the second wave of COVID-19 during the first half of 2021, construction and other industrial activities were resumed due to the initiation of large-scale vaccination drives followed by strict safety norms. Such factors will drive the demand for industrial vacuum pumps in the region during the forecast period.

Industrial Vacuum Pump Market: Key Drivers, Trends, and Challenges

The increasingly stringent regulations in the food and beverage and pharmaceutical industries is notably driving the industrial vacuum pump market growth, although factors such as the presence of operational issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial vacuum pump industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Vacuum Pump Market Driver

• The increasingly stringent regulations in the food and beverage and pharmaceutical industries is one of the key drivers supporting the industrial vacuum pump market growth. 
• Regulations in the food and beverage and pharmaceutical industries are becoming more stringent, with regulatory agencies imposing huge penalties and initiating product recalls in case of deviations in product quality regarding hygiene and cleanliness.
• Several manufacturers in the US recalled an oral liquid drug, docusate sodium, as it was related to an outbreak of Burkholderia cepacia complex (B. cepacia), a kind of bacteria. Since B. cepacia is resistant to certain preservatives and antimicrobials, it can survive and multiply in non-sterile, water-based products.
• The US FDA has advised pharmaceutical manufacturers to adopt measures and protocols to prevent water-borne contaminants in their production processes. Such stringent regulations are driving the market growth.

Key Industrial Vacuum Pump Market Trend

• The rise in the electrification of mechanical components is one of the key trends contributing to the industrial vacuum pump market growth. 
• Taking out the ancillary system from the engine is the main motive behind electrification. It reduces the load from engines and increases the efficiency of engines.
• In EPS, steering wheel movements are converted into electronic signals, which control the electric motors responsible for moving the wheels. For instance, electric coolant pumps proactively manage the internal combustion engine and ensure that the optimal amount of coolant is supplied to the engine.
• Electric power steering (EPS) responds more quickly and efficiently, along with software such as parking assistance and lane-change assists.
• The major advantage of the electric coolant pump over the mechanically driven belt is its capacity to provide the required coolant in all situations. Such advantages are expected to drive market growth during the forecast period.

Key Industrial Vacuum Pump Market Challenge

• The presence of operational issues is one of the factors hindering the industrial vacuum pump market growth. 
• Issues occurring in industrial vacuum pumps include horsepower leakage, pump stalls, vacuum surges, and others.
• A knocking noise can occur due to damage to the gear. The gear can be damaged due to overload or improper assembly and incorrect assembly positioning between the timing gear and the screw.
• The issues are mainly caused due to variations in utility specifications, equipment malfunction, and process conditions. An increase in such issues can lead to high maintenance or operational costs to end-users.
• Frequent maintenance increases the need for a skilled workforce to carry out regular checks. Hence, the rising occurrence of operational issues can negatively impact the growth of the market.

This industrial vacuum pump market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

What are the Revenue-generating End-user Segments in the Industrial Vacuum Pump Market?

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The industrial vacuum pump market share growth in the semiconductor industry segment will be significant during the forecast period. For example, in China, in 2020, the value of total production from the semiconductor industry is expected to be USD 39.8 billion, with an annual growth rate of 30.6% growth. With a rise in product development, there is a decline in the cost per function of ICs. Moreover, advances in technology have endowed ICs with qualities such as enhanced quality, superior performance, and higher efficiency, leading to growth in the demand for ICs and encouraging their production. The demand for more ICs will lead foundries to raise their production. Consequently, there will be a positive impact on the growth of the global industrial vacuum pump market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial vacuum pump market size and actionable market insights on post COVID-19 impact on each segment.

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Laboratory Vacuum Pumps -  The market size has the potential to grow by USD 671.48 million during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 6.10%. 

Automotive Electric Vacuum Pump - The market size has the potential to grow by USD 1.28 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 8.19%. 

Industrial Vacuum Pump Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.03%
Market growth 2022-2026	$ 1.16 billion
Market structure	Fragmented
YoY growth (%)	4.52
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 48%
Key consumer countries	US, China, Japan, South Korea, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Agilent Technologies Inc., Atlas Copco AB, Becker Pumps Corp., Busch Dienste GmbH, Cutes Corp., Dekker Vacuum Technologies Inc., Ebara Corp., Graham Corp., IDEX Corp., Ingersoll Rand Inc., KNF DAC GmbH, OC Oerlikon Corp. AG, Pfeiffer Vacuum Technology AG, Samson Pump AS, Technika Chlodzenia Spolka z o.o., Tsurumi Manufacturing Co. Ltd., Tuthill Corp., ULVAC Inc., Vooner FloGard Corp., and PPI Pumps Pvt. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Industrial Vacuum Pump Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive industrial vacuum pump market growth during the next five years
• Precise estimation of the industrial vacuum pump market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industrial vacuum pump industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial vacuum pump market vendors

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