Vacuum Pumps Market Size - By Lubrication (Dry Vacuum Pumps, Wet Vacuum Pumps), By Capacity (Low, Mid, High), By Technology, By End-use, By Distribution Channel & Forecast, 2024 - 2032

Vacuum Pumps Market Size - By Lubrication (Dry Vacuum Pumps, Wet Vacuum Pumps), By Capacity (Low, Mid, High), By Technology, By End-use, By Distribution Channel & Forecast, 2024 - 2032

Vacuum Pumps Market Size

Vacuum Pumps Market was valued at USD 5.9 billion in 2023 and is estimated to grow at a CAGR of 5% during 2024 to 2032. In many different industrial operations, including those in the manufacturing, pharmaceutical, food and beverage, chemical, and semiconductor industries, vacuum pumps are essential for procedures like vacuum drying, vacuum distillation, vacuum packing, and vacuum coating. As these industries grow, the demand for vacuum pumps also increases.

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Vacuum pumps are essential for distillation and evaporation processes in the chemicals and pharmaceuticals industry.  Vacuum pumps are used in crystallization and drying processes to remove moisture and solvents from chemical and pharmaceutical products, as the industry grows, the demand for vacuum pumps also rises. The demand for vacuum pumps in this industry is still strong due to the growing demand for electronic devices, which is being driven by factors such as consumer electronics and technical breakthroughs.

In many energy-related applications, including as power generation, oil and gas production, and renewable energy sources like solar and wind power, vacuum pumps are essential. A number of factors, including the growth of the energy infrastructure, rising energy consumption, and the adoption of cleaner and more efficient energy technologies, are driving the need for vacuum pumps in the energy sector.
 

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The vacuum pumps market is highly competitive, with numerous manufacturers vying for market share. Intense competition can lead to price wars, margin erosion, and pressure to differentiate products based on performance, reliability, and cost-effectiveness. Companies must invest in branding, marketing, and customer service to stand out in a crowded market and maintain customer loyalty. The demand for vacuum pumps is closely tied to end-user industries such as semiconductor manufacturing, pharmaceuticals, chemicals, and automotive. Economic downturns, geopolitical events, and industry-specific challenges can lead to fluctuations in demand for vacuum pump products. Manufacturers must diversify their customer base and adapt to changes in market conditions to mitigate the impact of industry volatility.

Vacuum Pumps Market Trends

The demand for oil-free vacuum pumps is witnessing significant growth, driven by concerns over contamination, emissions, and operational safety. Industries such as pharmaceuticals, food and beverage, electronics, and laboratories are increasingly adopting oil-free vacuum pump technologies to ensure product purity, compliance with regulatory standards, and worker safety. Oil-free vacuum pumps offer advantages such as reduced maintenance requirements, minimized risk of oil contamination, and enhanced environmental sustainability.

Emerging economies in Asia-Pacific, Latin America, and Africa are witnessing rapid industrialization, urbanization, and infrastructure development, driving the demand for vacuum pump solutions. Rising investments in sectors such as automotive manufacturing, electronics production, healthcare, and wastewater treatment are fueling the growth of the vacuums pump market in these regions. Manufacturers are expanding their presence and distribution networks in emerging markets to capitalize on growth opportunities and cater to the evolving needs of local industries.

Vacuum Pumps Market Analysis

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Based on lubrication, the dry vacuum pumps was worth over USD 3.9 billion in 2023 and is likely to exceed USD 6.2 billion by 2032. Dry vacuum pumps eliminate the need for lubricating fluids, reducing the risk of oil contamination and emissions into the atmosphere. Industries subject to stringent environmental standards, such as semiconductor manufacturing and pharmaceuticals, prefer dry vacuum pumps to meet regulatory requirements. Wet vacuum pumps are often more cost-effective compared to dry vacuum pumps, particularly for low to medium vacuum applications. Industries with budget constraints or less stringent cleanliness requirements, such as HVAC, plastics, and packaging, opt for wet vacuum pumps due to their lower initial investment cost.

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Based on capacity, the mid capacity segment held a dominant market share of 47% in 2023. Mid capacity vacuum pumps find widespread use in various industrial applications such as vacuum packaging, material handling, pharmaceutical and chemical processing. Industries such as food processing, pharmaceuticals, and chemical processing rely on mid capacity vacuum pumps to remove air. As these industries grow, the demand for vacuum pumps also increases.

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North America vacuum pumps market accounted for around USD 1.2 billion in 2023 and is estimated to reach USD 1.8 billion by 2032. The energy sector in North America encompasses oil and gas production, refining, and renewable energy technologies such as solar and wind power. Vacuum pumps are utilized in various energy-related applications, including crude oil distillation, vacuum-assisted gas processing, and vacuum degassing in power plants. The expansion of shale gas exploration, oil sands development, and renewable energy projects drives the demand for vacuum pumps in the energy sector in North America.

The U.S. vacuum pumps market is set to grow at a CAGR of 5.4% through 2032. The U.S. energy sector encompasses oil and gas production, refining, and renewable energy technologies such as solar and wind power. Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019. As the oil and gas industry in U.S. grows, the demand for high capacity vacuum pumps also increases.

Germany vacuum pumps market is slated to register about 5.6% CAGR up to 2032. Germany is known for its engineering excellence and machinery manufacturing capabilities, encompassing sectors such as mechanical engineering, plant construction, and automation technology. Manufacturing production, excluding energy and construction, was up 1.9% from January. This growth is largely attributable to a 5.7% increase in production in the automotive industry and of 4.6% in the chemical industry. Vacuum pumps are used across all these sectors and with the rise in industrial manufacturing, the demand for these pumps is bound to increase.

China vacuum pumps market is expected to grow at the highest rate of 5.9% in the region. China is the world's largest manufacturing hub, with a diverse industrial base encompassing sectors such as automotive, electronics, machinery, and chemicals. The official purchasing managers index, or PMI, rose from 49.1 in February to 50.8 in March. The PMI is on a scale up to 100, where 50 marks the cutoff between expansion and contraction. Vacuum pumps play a crucial role in various manufacturing processes which drives the demand for these as the manufacturing activities increases in China.

Vacuum Pumps Market Share

The Vacuum Pumps industry is moderately fragmented due to the presence of local and global players. In 2023, the players, such as Atlas Copco, Flowserve Corporation, Grundfos, Alfa Laval, Edwards Vacuum, Leybold GmbH, ULVAC and Ebara Corporation collectively held around 25%-30% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Vacuum Pumps Market Companies

Major players operating in the vacuum pumps industry are

• Agilent Technologies
• Alfa Laval
• Atlas Copco
• Becker Vacuum Pumps
• DEKKER Vacuum Technologies
• Ebara Corporation
• Edwards Vacuum
• Flowserve Corporation
• Graham Corporation
• Grundfos
• KNF Neuberger
• Leybold GmbH
• Tuthill Corporation
• ULVAC
• Welch Vacuum

Vacuum Pumps Industry News

• In March 2023, the KRSV series of industrial vacuum pumps has been introduced by Kaishan USA, a global manufacturer of industrial air compressors. The brand-new Kaishan KRSV oil-flooded rotary screw vacuum pumps are ready to use straight out of the box, plugging into any system or functioning independently. The vacuum pumps use a combination of variable speed drive and variable discharge port airend, making them a market leader in energy efficiency. This is done for a faster processing in industrial activities.
   
• In February 2023, the 4000th vacuum pump was manufactured at Busch Vacuum Solutions' new plant in India. With the new plant, Busch hopes to establish a sustained presence in the Indian market. The new plant is used to make DOLPHIN LX. This has helped the company grow in India as well as having a global foot print.

This vacuum pumps market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2021 to 2032, for the following segments

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Market, By Lubrication

• Dry Vacuum Pumps
• Wet Vacuum Pumps

Market, By Capacity

• Low (upto 5 mbar)
• Mid (5-10 mbar)
• High (above 10 mbar)

Market, By Process

• Gas Transfer Pumps
  • Gas Displacements Pumps
  • Kinetic Pumps 
• Gas Capture/Binding Pumps

Market, By End-use

• Chemical and Pharmaceutical
• Semiconductor and Electronics
• Oil & Gas
• Food & Beverages
• Wood, Paper & Pulp
• Others

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA