Asia Pacific Vacuum Pumps Market Size

APAC Vacuum Pumps Market Analysis

The Asia Pacific Vacuum Pump market is expected to register a CAGR of 8.2% during the forecast period. In recent years, there has been a significant rise in the number of small-scale vacuum pump manufacturers opening up shops in developing nations as they collaborate with OEMs from other countries to produce inexpensive pumps for use in end-user sectors. Since vacuum pumps are already a standard component of production machinery in the majority of end-user verticals, there is a far bigger demand for retrofitting than for new installations.

• One of the major drivers of the market's expansion is the booming chemical industry. Vacuum pumps are also employed in the manufacture of cabinets, glass and stone cutting industries, flight instruments, electron microscopy, photolithography, uranium enrichment, and composite molding. Additionally, they work in the food and beverage (F&B) business to produce chocolate, process dairy, roast coffee, deaerate mineral water, and sterilize tea and spices. Vacuum pumps are also utilized in the pharmaceutical industry for drying, degassing, distillation, and crystallization. In addition, moisture and incondensable gases like air pollute air conditioning and refrigeration systems. Internal icing and corrosion can occur in these systems when one of these constituents, or both, are present.
• According to the Indian Brand Equity Foundation, Industrial licensing and 100% FDI, under the automatic method, are permitted in the chemical sector, with a few exceptions for dangerous substances. Between April 2000 and December 2021, foreign direct investment (FDI) inflows to the chemicals sector (excluding fertilizers) totaled USD19.09 billion.
• The expanding use of MEMS technology in the vacuum pump industry is anticipated to augment the market growth. MEMS technology offers a wide range of uses in several market segments, especially in consumer electronics such as smartphones, tablets, and video game consoles. For instance, since people's perception of their immediate environment has altered, MEMS-based environmental hubs and gas sensor vacuum pumps are becoming more common. Due to pollution, people are more concerned with the quality of the air they breathe both inside and outside of their homes.
• Due to supply chain and logistics disruptions brought on by the COVID-19 pandemic, the market for vacuum technologies was initially impacted. Later on, though, it saw a rise in the use of a number of additional methods. According to AltasCopco, the demand for vacuum equipment in the semiconductor industry has raised order volumes for equipment. Order intake rose in Asia but fell in North America. The industries have begun to resume their activities at pre-pandemic levels and above; therefore, the market is anticipated to continue growing.
• In August 2021, in the dry screw vacuum pump market, EDS set a new standard. Designed for the most challenging industrial and chemical installations. The EDS family is available in both air-cooled and water-cooled models and has pollutant management capabilities that are unmatched even in demanding chemical and industrial applications. The EDS line is the ideal choice for demanding industrial and chemical applications thanks to its simplicity, ease of maintenance, and high speed.