Dry Vacuum Pump Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

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 2021 to 2029, starting from US$ 6.32 Bn in 2020. The growth of the market is credited to the rising demand in the semiconductor industry. The semiconductor manufacturers are leveraging on the dry vacuum pumps for dry cleaning chips, circuit boards, and other manufacturing equipment. The rapid advancement in consumer electronics products such as smartphone, tablets, digital cameras, and other digital electronics is further accelerating the adoption of the 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 the dry vacuum pumps along with the lack of a skilled workforce are the major constraints in the growth of the market. Additionally, the low adoption among the 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 a high vacuum pump, medium vacuum pumps, and low vacuum pumps. The high vacuum pumps are dominating the market with the 45% share in 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 the pressure as low as 10-10 Pascals, which makes it a suitable option for the industrial application. On the other hand, the low-pressure vacuum pump 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% share in the revenue in 2020. The growth of the market is attributed to the strong production of semiconductors, oil & 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 tons annually. Furthermore, the increasing R&D activities in the region also supports 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 & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of dry vacuum pump in 2020 and forecast up to 2029?
• Which is the largest regional market for dry vacuum pump?
• What are the major trends followed in 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 in market?

Unique data points of this report

• Statistics on adoption of dry vacuum pump worldwide
• Recent trends across different regions in terms of adoption of dry vacuum pump across industries
• Notable developments going on in the industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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