The global vacuum pump market is projected to grow at a CAGR of 4.8% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the increased demand of vacuum pumps from a variety of applications including food & beverages, chemical processing, oil & gas, electronics, pharmaceutical, power generation, and others. An increased demand for the vacuum pumps from these end-user industries is a result of the operations involved that are extremely susceptible to corrosion, due to constant exposure to several harsh environments. This is emphasizing the need for vacuum pumps to comply with various industry regulations.
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On the other hand, rapid urbanization across the globe has also substantially contributed to the growth of the market. Owing to the shift of the people towards the standard living, there arises the need for proper food & beverages, construction, packaging, power, electronics and other industries; which gives substantial scope for the growth of the global vacuum pumps market during the forecast period. However, the outbreak of COVID-19 has disrupted the industry growth owing to the halt in almost every industrial activity.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
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
Global Vacuum Pump Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Vacuum Pump market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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