Industrial Vacuum Pumps Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Vacuum Pump Market is Segmented by Type (rotary Vacuum Pumps [rotary Vane Pumps, Screws, And Claw Pumps and Root Pumps], Reciprocating Vacuum Pumps [diaphragm Pumps and Piston Pumps], Kinetic Vacuum Pumps [ejector Pumps, Turbomolecular Pumps, And Diffusion Pumps], Dynamic Pumps [liquid Ring Pumps and Side Channel Pumps], And Specialized Vacuum Pumps [getter Pumps and Cryogenic Pumps]), End-user Application (oil and Gas, Electronics, Medicine, Chemical Processing, Food and Beverages, And Power Generation), And Geography (North America, Europe, Asia-pacific, Latin America, And Middle-East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Vacuum Pump Market Size

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Vacuum Pump Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 7.04 Billion
Market Size (2029) USD 10.05 Billion
CAGR (2024 - 2029) 7.41 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Vacuum Pump Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Vacuum Pump Market Analysis

The Vacuum Pump Market size is estimated at USD 7.04 billion in 2024, and is expected to reach USD 10.05 billion by 2029, growing at a CAGR of 7.41% during the forecast period (2024-2029).

A vacuum pump is a type of pump that draws gas particles from a sealed volume and leaves a partial vacuum behind. There are numerous applications for vacuum pumps across numerous industries. Vacuum pumps' adaptability in various applications is a crucial growth engine for the global vacuum pump market. Additionally, it is utilized in multiple applications, including cleaning, sealing, and others.

  • Vacuum pumps are used in a wide variety of industrial and scientific applications. They manufacture CRTs, vacuum tubes, electric lamps, flight instruments, print presses, glass and stone cutting factories, suction-based medical applications, electron microscopy, photolithography, uranium enrichment, and composite molding.
  • Due to their versatility, vacuum pumps are used in various applications. The oil and gas industry has adopted this machine to extract and compress the gas, which significantly impacts the market. The main growth drivers for the global vacuum pump market are rising crude oil production and the discovery of newer oilfields.
  • Additionally, vacuum pumps are crucial to the manufacturing of semiconductor devices. Smartphones and other consumer electronics, automotive, and other applications drive the demand for semiconductor ICs. These are brought on by technological changes, including 5G wireless and artificial intelligence. Additionally, the semiconductor industry is anticipated to invest in this machinery due to the current popularity of Internet of Things-based devices.
  • Vacuum pumps also have a significant impact on the pharmaceutical sector. All manufacturing processes use these pumps, including drying, distillation, degassing, crystallization, sublimation, and filling. Each vacuum pump is a component of a vacuum prime system used to create intermediate goods, active pharmaceutical ingredients, and large-scale pharmaceuticals. Vacuum pumps are essential components that perform essential tasks in the value chain because of these applications in various end-user industries.
  • Moreover, to maintain a competitive edge in the market, many vendors continuously invest through a range of partnerships, product launches, acquisitions, and other activities. For instance, Atlas Copco completed the acquisition of HHV Pumps Pvt. Ltd in January 2022. The business develops and produces vacuum pumps and systems for use in a variety of industries. THHV Pumps is a top supplier of rotary vane pumps used in the production of refrigeration and air conditioning, vacuum pumps for the chemical and pharmaceutical industries, electrical power equipment, and general industry.
  • Additionally, the market may have a profitable opportunity for growth due to growing research and development into the use of vacuum pumps in the medical industry. Additionally, vacuum pumps are expected to present growth opportunities for the market's players due to their increasing use in seawater desalination and their increasing significance in the photovoltaics value chain.
  • Due to their wide-ranging applications and advantages, the market is anticipated to experience significant demand from several industries. However, improper vacuum pump installation, high power consumption, and increased product operation and maintenance costs could restrain market expansion.
  • Due to supply chain and logistics disruptions brought on by the COVID-19 pandemic, the market for vacuum technologies was initially impacted. Later on, however, it saw a rise in adopting several other solutions. According to Altas Copco, order volumes for equipment also increased, primarily due to an increase in vacuum equipment demand across several regions in the semiconductor industry. The industries have begun to resume operations at levels equal to or higher than before the pandemic, so the market is anticipated to continue to expand.

Vacuum Pump Market Trends

Rotary Vacuum Pump Expected to Hold Significant Market Share

  • The rotary vacuum pump is one of these types of pumps that is useful in various situations and used by professionals in multiple fields. These pumps, which use a positive displacement system, are most frequently used in the commercial, industrial, automotive, and Commercial industries. It can be used in laboratory and industrial settings as well. The fluids that are pumped most frequently in these situations are gas, oil, and water.
  • The automotive sector is the one that employs rotary vane pumps the most. This kind of pump is used in the car's braking system, power steering system, automatic transmission, and supercharging system, among other places. Rotary vacuum pumps are used in the systems of different vehicle types, such as airplanes. Some air conditioners, espresso, and soft drink dispensers are other applications for this kind of pump.
  • Moreover, the automotive industry is where rotary vane vacuum pumps are most frequently used, where they are essential parts of many different vehicle parts. For example, hydraulic fluid in power steering systems is pressurized using rotary vane pumps. Additionally, they are employed as fixed and variable output units in automatic transmissions. The demand for Rotary vane pumps is anticipated to increase significantly with the growth of the automotive industry. For instance, according to SIAM, domestic dispatches in India increased by 21% to 17,06,831 units in 2022-23 from 14,14,277 units in the preceding fiscal year.
  • Rotating vacuum pumps can run dry with clean air or pump oil, gas, and other liquids in addition to the vacuum. The oil and gas industry is a sector that significantly boosts demand for Rotary vacuum pumps. Additionally, the market may benefit from a lucrative expansion opportunity due to growing research and development into the integration of vacuum pumps into the oil and gas industry.
  • Air and gases can also be pumped out of a sealed or constrained space using rotary vacuum pumps. Food and beverage, processing, chemical and pharmaceutical, automotive, oil and gas, and a wide range of other industries all use them. Additionally, the market may benefit from a lucrative expansion opportunity due to growing research and development into the integration of vacuum pumps into these industries.
Vacuum Pump Market - Monthly Automobile Sales in China from August 2022 to August 2023, in Thousands Units

North America to Hold Significant Market Share

  • North America is expected to hold the largest market share of the Vacuum Pump Market over the forecast period, led by the United States, owing to high unmet needs, growing water scarcity, and increased demand for clean drinking water. Additionally, over the forecasted period, significant research and developments in pharmaceutical, healthcare, industrial manufacturing, and many other industries will help to meet the rising demand.
  • The rising investments in end-user industries like oil and gas, chemical, and power generation significantly impact the vacuum pump market in the North American region. Oil sands are a plentiful source of oil for the region's nations, including the US and Canada. For instance, 97% of Canada's proven oil reserves are found in the oil sands, according to Natural Resource Canada.
  • The processing of beverages is yet another industry that gains from using vacuum pumps. The beverage processing industry in the region is expected to offer the market plenty of opportunities due to recent technological developments and rising investment levels. For instance, Nestlé announced in January 2023 that it would expand a Wisconsin factory by USD 43 million in an effort to increase production of its Boost and Carnation Breakfast Essentials ready-to-drink (RTD) products. Such investments will increase the demand for vacuum pumps in the industry.
  • Additionally, the US has been one of the leaders in developing new renewable energy technologies and has pioneered several solar energy projects. In the United States, energy production is still rising quickly. For instance, ExxonMobil, one of the major oil producers in the nation, recently announced plans to increase production activity in the West Texas Permian Basin by producing roughly 1 million BPD of oil equivalent by 2024. Such factors will accelerate market expansion by giving manufacturers more opportunities to meet demand.
  • Due to their widespread use in mining plants, vacuum pumps may see an increase in investment by mining companies as coal sales in the North American region increase. 
Vacuum Pump Market : Market CAGR (%), By Region, Global

Vacuum Pump Industry Overview

The vacuum pump market is fragmented due to the presence of prominent global and local players. Also, global investment in R&D in power generation infrastructure and facility upgrades in the oil and gas are the essential drivers that are giving intense rivalry among competitors. Key players are Gardner Denver Inc., Atlas Copco Group, Flowserve Corporation, etc.

  • October 2023: Atlas Copco, has announced its next generation of dry claw vacuum pumps – the DZS A series. This new series sets a benchmark for performance, efficiency, and reliability. Designed with the evolving needs of manufacturing industries in mind, the DZS A series offers significant advantages. 
  • March 2023: Fowserve Corporation has announced the release of the SIHI Boost UltraPLUS dry-running vacuum pump. The new unit is designed to reduce cycle times for batch processes by up to 50 percent or more.

Vacuum Pump Market Leaders

  1. Ingersoll Rand Inc.

  2. Atlas Copco AB

  3. Flowserve Corporation

  4. Busch Vacuum Solutions (Busch group)

  5. Pfeiffer Vacuum GmbH (Pfeiffer Vacuum Technology AG)

*Disclaimer: Major Players sorted in no particular order

Vacuum Pump Market Concentration
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Vacuum Pump Market News

  • March 2023: Kaishan USA, a global manufacturer of industrial air compressors, has introduced the KRSV series of industrial vacuum pumps. The brand-new Kaishan KRSV oil-flooded rotary screw vacuum pumps come completely assembled and prepared to be plugged into any system or used independently right out of the box. The vacuum pumps are a market pioneer in energy efficiency and have a combination of variable speed drive and variable discharge port airend.
  • Februrey 2023: Busch Vacuum Solutions has New Plant of in India has Built the 4000th Vacuum Pump, With the new production facility, Busch aims to make a long-term commitment to the Indian market. DOLPHIN LX are manufactured at the new plant

Vacuum Pump Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumption and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Industry Policies

    5. 4.5 Impact of COVID-19 on the Vacuum Pumps Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Rising Crude Oil Production and the Newer Oilfields

      2. 5.1.2 Increasing Demand for Dry Vacuum Pump

    2. 5.2 Market Challenges

      1. 5.2.1 High Cost and Compatibility Issues

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 Rotary Vacuum Pumps

        1. 6.1.1.1 Rotary Vane Pumps

        2. 6.1.1.2 Screw and Claw Pumps

        3. 6.1.1.3 Roots Pumps

      2. 6.1.2 Reciprocating Vacuum Pumps

        1. 6.1.2.1 Diaphragm Pumps

        2. 6.1.2.2 Piston Pumps

      3. 6.1.3 Kinetic Vacuum Pumps

        1. 6.1.3.1 Ejector Pumps

        2. 6.1.3.2 Turbomolecular Pumps

        3. 6.1.3.3 Diffusion Pumps

      4. 6.1.4 Dynamic Pumps

        1. 6.1.4.1 Liquid Ring Pumps

        2. 6.1.4.2 Side Channel Pumps

      5. 6.1.5 Specialized Vacuum Pumps

        1. 6.1.5.1 Getter Pumps

        2. 6.1.5.2 Cryogenic Pumps

    2. 6.2 By End-user Application

      1. 6.2.1 Oil and Gas

      2. 6.2.2 Electronics

      3. 6.2.3 Medicine

      4. 6.2.4 Chemical Processing

      5. 6.2.5 Food and Beverage

      6. 6.2.6 Power Generation

      7. 6.2.7 Other End-user Applications (Wood, Paper and Pulp, etc.)

    3. 6.3 By Geography

      1. 6.3.1 North America

      2. 6.3.2 Europe

      3. 6.3.3 Asia-Pacific

      4. 6.3.4 Latin America

      5. 6.3.5 Middle-East and Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Ingersoll Rand Inc.

      2. 7.1.2 Atlas Copco AB (Edwards)

      3. 7.1.3 Flowserve Corporation

      4. 7.1.4 Busch Vacuum Solutions (Busch group)

      5. 7.1.5 Pfeiffer Vacuum GmbH (Pfeiffer Vacuum Technology AG)

      6. 7.1.6 ULVAC Inc.

      7. 7.1.7 Graham Corporation

      8. 7.1.8 Global Vac

      9. 7.1.9 Becker Pumps Corporation

      10. 7.1.10 Ebara Corporation

      11. 7.1.11 Wintek Corporation

      12. 7.1.12 Tsurumi Manufacturing Co. Ltd

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

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Vacuum Pump Industry Segmentation

A vacuum pump is a device whose main purpose is to remove gas molecules from a sealed volume while leaving a partial vacuum in its wake. A vacuum pump is used to remove gases and air from a closed or constrained space, leaving no room for air or gas molecules. Components, maintenance, and other services offered separately are excluded from the scope of the study. The study captures qualitative and quantitative trends for market segmentation by type, end-user application, and geography.

The vacuum pump market is segmented by type (rotary vacuum pumps [rotary vane pumps, screws, and claw pumps and root pumps], reciprocating vacuum pumps [diaphragm pumps and piston pumps], kinetic vacuum pumps [ejector pumps, turbomolecular pumps, and diffusion pumps], dynamic pumps [liquid ring pumps and side channel pumps], and specialized vacuum pumps [getter pumps and cryogenic pumps]), end-user application (oil and gas, electronics, medicine, chemical processing, food and beverages, and power generation), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.

By Type
Rotary Vacuum Pumps
Rotary Vane Pumps
Screw and Claw Pumps
Roots Pumps
Reciprocating Vacuum Pumps
Diaphragm Pumps
Piston Pumps
Kinetic Vacuum Pumps
Ejector Pumps
Turbomolecular Pumps
Diffusion Pumps
Dynamic Pumps
Liquid Ring Pumps
Side Channel Pumps
Specialized Vacuum Pumps
Getter Pumps
Cryogenic Pumps
By End-user Application
Oil and Gas
Electronics
Medicine
Chemical Processing
Food and Beverage
Power Generation
Other End-user Applications (Wood, Paper and Pulp, etc.)
By Geography
North America
Europe
Asia-Pacific
Latin America
Middle-East and Africa
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Vacuum Pump Market Research FAQs

The Vacuum Pump Market size is expected to reach USD 7.04 billion in 2024 and grow at a CAGR of 7.41% to reach USD 10.05 billion by 2029.

In 2024, the Vacuum Pump Market size is expected to reach USD 7.04 billion.

Ingersoll Rand Inc., Atlas Copco AB, Flowserve Corporation, Busch Vacuum Solutions (Busch group) and Pfeiffer Vacuum GmbH (Pfeiffer Vacuum Technology AG) are the major companies operating in the Vacuum Pump Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Vacuum Pump Market.

In 2023, the Vacuum Pump Market size was estimated at USD 6.52 billion. The report covers the Vacuum Pump Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vacuum Pump Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Industrial Vacuum Pumps Industry Report

Statistics for the 2024 Industrial Vacuum Pumps market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Industrial Vacuum Pumps analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Industrial Vacuum Pumps Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)