Dry Vacuum Pump Market Trends

  • Report ID: 5573
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Dry Vacuum Pump Market Trends

Growth Drivers

  • Increasing Number of Product Development and Acquisitions Made by Market Players - Dry vacuum pump demand is predicted to rise in the upcoming year due to rising development of goods and acquisitions by major players for the launch and development of novel products. Such as, in 2023, Busch Vacuum Solutions USA revealed that it will acquire Vac-Tech Inc., a vacuum pump service and sales business that serves the semiconductor, electronics, and solar industries with accurate high vacuum pumps. Vac-Tech operates out of two locations: Richardson, Texas, and Phoenix, Arizona. By constructing a supplemental high vacuum facility to its repair, restoration, and installation operations nearer to clients in the Western region, this project expands Busch USA's national footprint.
  • Government Initiative Focusing on Electric and Hybrid Vehicles - Li-ion cells, which are crucial parts of electric vehicles (EVs), are produced using vacuum technologies, which provide a contamination-free process and maximize battery cell performance. In this procedure, dry screw-in pumps are crucial. Another crucial part of electric vehicles is the electric motor. Electric motor windings with vacuum penetration provide better insulation and longer lifespans. Before resin impregnation, air, and vapor are removed from the winding gaps using a vacuum pump during the vacuum impregnation process. The vacuum pumps that are most frequently used in this operation are rotary vane vacuum pumps with oil seals.

Challenges

  • Issues Associated with Compatibility of Vacuum Pumps - Vacuum pumps have applications in several industrial processes such as filtration, distillation, and drying. However, incorrect pump sizing could be caused by a number of straightforward errors. One such example is the pump's incapacity to maintain the necessary pressure and temperature to prevent condensation and polymerization. The management of gases and vapours at the pump's emission and its impact are additional factors to take into account.
  • Performance Limitation Associated are Expected to Pose Restriction on the Market Growth in the Forecast Period
  • Limited Technology Options are Expected to Hinder the Expansion of the Industry in the Future

Dry Vacuum Pump Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

4.8%

Base Year Market Size (2024)

USD 4.06 billion

Forecast Year Market Size (2037)

USD 7.47 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Japan
  • Asia-Pacific (Excluding Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Richa Gupta


  • Report ID: 5573
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of dry vacuum pump is assessed at USD 4.22 billion.

Dry Vacuum Pump Market size was valued at USD 4.06 billion in 2024 and is likely to reach USD 7.47 billion by the end of 2037, registering around 4.8% CAGR during the forecast period i.e., between 2025-2037. The growing demand in EV production and increasing product development by market players will drive the market growth.

Asia Pacific industry is anticipated to account for largest revenue share by 2037, due to use of dry vacuum pumps in the chemical and petroleum sectors in the region.

The major players in the market are of Flowserve Corporation, EBARA CORPORATION, Busch Group, ULVAC, Agilent Technologies, Inc., Ingersoll Rand Inc., Edwards, and others.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample