The global vacuum pump market is anticipated to grow significantly at a CAGR of 4.8% over the forecast period (2021-2027). The key aspect that drives the growth of the global vacuum pump market includes the significant growth in the semiconductor industry across the globe. The semiconductor industry is one of the major applications of vacuum pumps, accrediting to the increasing popularity of electronic equipment across the globe. Further, an increase in the power generation sector across the globe has also been significantly aiding the market growth. An increased power generation prompts boundless development exercises in the force business, which is expected to support the growth of the vacuum pumps market across the globe.
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Besides, the presence of the key players continuously innovating their existing products and developing novel technologies-based products also enhances market growth. Players such as Agilent Technologies Inc., Anchor Pump, Atlas Copco Group, Becker Pumps Corp., Busch Pumps and Systems, Dekker Vacuum Technologies Inc., Gardner Denver Inc., Graham Corp., Leybold GmbH, and Tsurumi Manufacturing Co., Ltd. among others substantially contribute to the market growth. For instance, in Feb 2020 Atlas Copco completed the acquisition of a US supplier of vacuum equipment and service solutions, Dekker Vacuum Technologies, Inc., aimed at industrial applications. The acquisition done by the company is likely to enhance the product portfolio in the market and ensures a strong reputation serving diverse industrial markets in the North American region.
Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Type and End-Use Application
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- AeroFarms LLC, Atlas Copco, Illumitex Inc., Koninklijke Philips N.V., Everlight Electronics Co. Ltd., Hort Americas, LLC, Signify Holding, Sky Greens Pte. Ltd., American Hydroponic Systems Inc., Vertical Farm Systems among others
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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?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Vacuum Pump Market – Segmentation
- By Type
- Positive Displacement Vacuum Pumps
- Momentum Transfer Vacuum Pumps
- Kinetic Vacuum Pumps
- Entrapment Vacuum Pumps
- Others
By End-Use Application
- Food & Beverages
- Chemical Processing
- Oil & Gas
- Electronics
- Pharmaceutical
- Power Generation
- Other
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
