Global vacuum pump market is anticipated to grow at a CAGR of 5.2% during the forecast period (2024-2031). Vacuum pumps’ adaptability in various applications has driven its demand globally. Additionally, it is utilized in multiple applications, including cleaning, sealing, and others which is driving its adoption across several end-user industries. To cater the growing demand for these pumps key players are adopting different growth strategies including mergers and acquisitions, partnerships, and investments in new product development to expand their product’s reach to the end-users.
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Some Recent partnerships and developments by players in the market
- In July 2023, Atlas Copco completed the acquisition of a Korean cryopump service provider and distributor of ZEUS Co., Ltd. The business provides service and sales distribution for the Vacuum Technique business area’s CTI and Polycold products in South Korea.
- In October 2023, Busch Vacuum Solutions announced the successful acquisition of Centrotherm Clean Solutions. Together with Pfeiffer Vacuum, which has been part of the Busch Group for some time, the companies want to continue to grow in sustainable gas abatement systems for the semiconductor market.
- In June 2023, Pfeiffer Vacuum Technology AG announced a seven-year, €75 million investment plan for its Annecy site in France.
- In November 2023, Graham Corp. acquired P3 Technologies, LLC Based in Jupiter, Florida, P3 has established a strong reputation in the development of state-of-the-art rotating machinery including pumps, compressors, and turbines, and are specialists in high-speed rotors and cryogenic pumps. With an experienced team of highly skilled gas turbine engineers, P3’s development process results in innovative solutions to complex technical challenges.
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Market Coverage
- Segment Covered-
o By Type
o By End-User Industry
- Regions Covered-
o Asia-Pacific
o North America
o Europe
o Rest of the World
- Competitive Landscape- Ingersoll Rand Inc., Atlas Copco AB (Edwards), Flowserve Corp., Busch Vacuum Solutions (Busch group), and Pfeiffer Vacuum GmbH (Pfeiffer Vacuum Technology AG) among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Vacuum Pump Market Report Segment
By Type
- Rotary
- Reciprocating
- Kinetic
- Dynamic
- Specialized
By End-Use
- Chemical and Petrochemical
- Semiconductor & Electronics
- Manufacturing
- Pharmaceutical
- Food and Beverage
- Others
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