Increasing Digitalization Across The Printing And Textile Industry Is Driving The Dry Vacuum Pump Market
Globally, the dry vacuum pump market is expected to grow with a CAGR of 5.5% during the forecast period from 2019 to 2027, starting from US$ 5.70 Bn in 2018. The growth of the market is credited to the rising demand in the semiconductor industry.
The semiconductor manufacturers are leveraging the dry vacuum pumps for dry cleaning chips, circuit boards, and other manufacturing equipment. The rapid advancement in consumer electronics products such as smartphones, tablets, digital cameras, and other digital electronics is further accelerating the adoption of dry vacuum pumps in the market.
Moreover, the increasing demand for more energy-efficient vacuum pumps across the globe is driving the growth of the market. However, certain factors are hindering the growth of the market. The high costs of dry vacuum pumps, along with the lack of a skilled workforce, are the major constraints on the growth of the market. Additionally, the low adoption among SMEs is restricting the growth of the market.
High Vacuum Pump Is Leading the Dry Vacuum Pump Market
The dry vacuum pump market is bifurcated based on product into high vacuum pumps, medium vacuum pumps, and low vacuum pumps. The high-vacuum pumps are dominating the market with a 45% share of the revenue. The growth of the market is attributed to the large-scale adoption of the pumps across the industry verticals. The high-vacuum pump offers a pressure as low as 10–20 Pascals, which makes it a suitable option for industrial applications. On the other hand, the low-pressure vacuum pump industry is estimated to grow significantly during the forecast period.
North America Is Leading the Dry Vacuum Pump Market
North America is leading the dry vacuum pump market with over 35% of the revenue in 2018. The growth of the market is attributed to the strong production of semiconductors, oil and gas, and pharmaceutical products. The large-scale production in the pulp and paper industry in the region also supports the growth of the market. The U.S. alone accounts for more than 74.0 million metric tonnes annually. Furthermore, the increasing R&D activities in the region also support market growth.
The key vendors in the dry vacuum pump market are Agilent, Atlas Copco, Becker, Busch, DEKKER, Ebara, Gardner Denver, Kashiyama, KNF Neuberger, Pfeiffer, Shimadzu, and ULVAC.
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The dry vacuum pump market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global dry vacuum pump market based on technology, product, end-use, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report
What was the size of the market for dry vacuum pumps in 2018, and what is the forecast up to 2027?
Which is the largest regional market for dry vacuum pumps?
What are the major trends followed in the dry vacuum pump market across different regions?
Who are the key companies in the dry vacuum pump market?
What are the key strategies adopted by the leading dry vacuum pump companies on the market?
Unique data points of this report
Statistics on the adoption of dry vacuum pumps worldwide
Recent trends across different regions in terms of the adoption of the dry vacuum pump across industries
Notable developments are going on in the industry.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Questions:
The market for Dry Vacuum Pump Market is expected to reach US$ 5.70 Bn By 2027.
The Dry Vacuum Pump Market is expected to see significant CAGR growth over the coming years, at 5.5%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Atlas Copco, Becker, Busch, DEKKER, Ebara, Gardner Denver, Kashiyama, KNF Neuberger, Pfeiffer, Shimadzu are some of the major players in the global market.
