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The global vacuum pumps market was valued at US$ 5.53 Billion in 2021.
We expect the global vacuum pumps market to exhibit a CAGR of 6.80% during 2022-2027.
The rising demand for vacuum pumps in the food and beverage industry for chocolate production, dairy processing, coffee roasting, sterilization of tea and spices, etc., is primarily driving the global vacuum pumps market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries, thereby limiting the demand for vacuum pumps.
Based on the type, the global vacuum pumps market has been segmented into rotary vacuum pumps, reciprocating vacuum pumps, kinetic vacuum pumps, dynamic pumps, and specialized vacuum pumps. Among these, rotary vacuum pumps hold the majority of the total market share.
Based on the lubrication, the global vacuum pumps market can be divided into dry vacuum pump and wet vacuum pump. Currently, wet vacuum pump exhibits a clear dominance in the market.
Based on the pressure, the global vacuum pumps market has been categorized into 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), and extreme high vacuum pumps (less than 10-12 mbar). Among these, medium vacuum pumps (1 mbar to 10-3 mbar) accounts for the majority of the global market share.
Based on the application, the global vacuum pumps market can be segregated into oil and gas, electronics, medical, chemical processing, food and beverages, power generation, and others. Currently, the electronics sector holds the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global vacuum pumps market include 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.
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