Vacuum Pumps Global Market Opportunities And Strategies To 2034

The vacuum pumps market is segmented by pump type into positive displacement, dry vacuum pumps, centrifugal, momentum transfer and other pump types. The positive displacement market was the largest segment of the vacuum pumps market segmented by pump type, accounting for 25.93% or $1.42 billion of the total in 2024. Going forward, the dry vacuum pumps segment is expected to be the fastest growing segment in the vacuum pumps market segmented by pump type, at a CAGR of 8.38% during 2024-2029.

The vacuum pumps market is segmented by mechanism into gas transfer and gas binding. The gas transfer market was the largest segment of the vacuum pumps market segmented by mechanism, accounting for 58.69% or $3.22 billion of the total in 2024. Going forward, the gas transfer segment is expected to be the fastest growing segment in the vacuum pumps market segmented by mechanism, at a CAGR of 6.56% during 2024-2029.

The vacuum pumps market is segmented by pressure into low vacuum pumps, medium vacuum pumps, high vacuum pumps, ultra-high vacuum pumps and extreme high vacuum pumps. The low vacuum pumps market was the largest segment of the vacuum pumps market segmented by pressure, accounting for 34.09% or $1.87 billion of the total in 2024. Going forward, the high vacuum pumps segment is expected to be the fastest growing segment in the vacuum pumps market segmented by pressure, at a CAGR of 7.78% during 2024-2029.

The vacuum pumps market is segmented by end-user into automotive, chemical and petrochemical, aerospace and defense, oil and gas, healthcare and pharmaceuticals and other end-users. The chemical and petrochemical market was the largest segment of the vacuum pumps market segmented by end-user, accounting for 27.92% or $1.53 billion of the total in 2024. Going forward, the healthcare and pharmaceuticals segment is expected to be the fastest growing segment in the vacuum pumps market segmented by end-user, at a CAGR of 10.95% during 2024-2029.

Asia Pacific was the largest region in the vacuum pumps market, accounting for 39.68% or $2.18 billion of the total in 2024. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the vacuum pumps market will be Asia Pacific and Middle East where growth will be at CAGRs of 6.86% and 5.91% respectively. These will be followed by Africa and Western Europe where the markets are expected to grow at CAGRs of 5.34% and 5.11% respectively.

The global vacuum pumps market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 9.45% of the total market in 2023. Atlas Copco AB (Leybold GmbH) (Edwards Ltd.) was the largest competitor with a 1.70% share of the market, followed by Busch Group (Pfeiffer Vacuum+Fab Solutions) with 1.58%, ULVAC, Inc. with 1.13%, Ingersoll Rand Inc. (Tuthill Corporation) with 1.09%, Flowserve Corporation (Sihi Group B.V) with 0.89%, Agilent Technologies, Inc. with 0.85%, Ebara Corporation with 0.64%, Gardner Denver with 0.62%, KNF Neuberger GmbH with 0.52% and Schmalz with 0.45%.

The top opportunities in the vacuum pumps markets segmented by pump type will arise in the dry vacuum pumps segment, which will gain $668.13 million of global annual sales by 2029. The top opportunities in the vacuum pumps markets segmented by mechanism will arise in the gas transfer segment, which will gain $1.2 billion of global annual sales by 2029. The top opportunities in the vacuum pumps markets segmented by pressure will arise in the medium vacuum pumps segment, which will gain $483.06 million of global annual sales by 2029. The top opportunities in the vacuum pumps markets segmented by end-user will arise in the healthcare and pharmaceuticals segment, which will gain $543.49 million of global annual sales by 2029. The vacuum pumps market size will gain the most in China at $481.18 million.

This report describes and explains the vacuum pumps market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global vacuum pumps market reached a value of nearly $5.5 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.97% since 2019. The market is expected to grow from $5.5 billion in 2024 to $7.27 billion in 2029 at a rate of 5.75%. The market is then expected to grow at a CAGR of 5.04% from 2029 and reach $9.3 billion in 2034.

Growth in the historic period resulted from the rising food and beverage industry, growth of the chemical industry, rise in industrial automation and manufacturing, expansion of semiconductor manufacturing and favorable government initiatives. Factors that negatively affected growth in the historic period were stringent environmental regulations.

Going forward, the growth in oil and gas industry, rise in pharmaceutical industry, surge in renewable energy and power generation and expansion of the automotive industry will drive the growth. Factor that could hinder the growth of the vacuum pumps market in the future include volatile raw material prices and e-waste and disposal challenges.

Market-trend-based strategies for the vacuum pumps market include developing innovative oil rotary vacuum pumps, development of advanced dry screw vacuum pumps, development of advanced rotary vane vacuum pumps, strategic partnerships approach to develop advanced solutions, development of multi-stage mini vacuum pumps and developing innovative dry-running vacuum pumps.

Player-adopted strategies in the vacuum pumps market include focus on expanding its business capabilities and manufacturing capabilities through product launch and development.

To take advantage of the opportunities, the analyst recommends the vacuum pumps companies to focus on enhancing vacuum pump innovation and performance, focus on developing advanced dry screw vacuum pumps, focus on developing advanced rotary vane vacuum pumps, focus on developing compact, efficient multi-stage mini vacuum pumps, focus on developing dry-running vacuum pumps, focus on the dry vacuum market for stronger growth, focus on the high vacuum pumps market for accelerated growth, expand in emerging markets, focus on strategic partnerships for growth and innovation, focus on optimizing pricing strategies for vacuum pump companies, leverage digital marketing to enhance brand visibility, focus on customer education through targeted content and focus on healthcare and pharmaceuticals for growth.

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