Demand For Vacuum Pump Market Is Projected To Expand At A Healthy CAGR Of Over 6% Through 2031

Business Industry Insights

Demand for vacuum pump expanded at a moderate CAGR of 4.1% in terms of value from 2016 to 2020. Demand for vacuum pumps is projected to expand at a healthy CAGR of over 6% through 2031.

The electronics & semiconductors industry is the most potential segment, expected to progress at a CAGR of over 7% from 2021 to 2031.

What’s Exhilarating Regenerative Vacuum Pump Propulsion in the Long Haul?

Upturning of wastewater treatment for the conservation of water brought forth the utilization of vacuum pumps that operated for longer hours without maintenance.

Regenerative vacuum pumps serve at high CFM capacities, and provide moderate vacuum conditions suitable for pharmaceutical, pulp & paper, plastic, and printing industries. Accretion of packaging industries has necessitated contact-less operations ensuring the safety and hygiene of food & beverages and pills.

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Key Market Segments

  • Pump Type

    • Positive Displacement
      • Liquid Ring Vacuum Pumps
      • Rotary Screw Pumps
      • Rotary Root Pumps
    • Dry Vacuum Pumps
      • Dry Screw Vacuum Pumps
      • Dry Scroll Vacuum Pumps
      • Dry Diaphragm Vacuum Pumps
      • Dry Clan & Hook Pumps
      • Others
    • Centrifugal Pumps
    • Momentum Transfer
      • Rotary Vane Vacuum Pumps
      • Turbo Molecular Vacuum Pumps
    • Regenerative Application
  • Lubrication

    • Dry
    • Wet
  • Application

    • Assembly
    • Conveying
    • Dehydration/Drying
    • Engine Testing
    • Evaporation & Distillation
    • Filling
    • Holding/Chucking
    • Manufacturing
    • Material Handling
    • Thermoforming
    • Others
  • Region

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

Why are Chemical & Petrochemical Industries Generating High Demand?

Chemical & petrochemical industries operate to extract and capture light hydrocarbons that disperse from crude oil, and prevent thermal degradation along with discolouration of the product.

This unambiguous application solely requires mediation of vacuum distillation carried out by vacuum pumps.

An upsurge in general manufacturing, chemical & petrochemical, and pharmaceutical facilities soared the efficacy of vacuum pumps for evaporation and distillation functions.

Moreover, vacuum distillation lowers operating costs that occur while thermal derogation of solvents, and inhibits hydrocarbon chain breakage. Thus, vacuum pumps illustrate a vital prospect in these specific sectors.

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