Turbomolecular Pump Market - Forecasts from 2023 to 2028

The global turbomolecular pump market was valued at US$1,383.811 million in 2021 and is expected to grow at a CAGR of 4.89% to reach US$1,933.372 million by 2028.

Turbomolecular refers to a type of multi-stage axial-flow vacuum pump used to obtain and sustain high vacuum levels by working on giving momentum to gas molecules in the preferred direction by multiple collisions with a moving solid surface. The turbomolecular pump market can be classified in the following ways: by product, type, application, and geographic region. The major factors affecting the turbomolecular pump market growth include increased demand in several booming industries such as automotive and research and development activities.

Market Drivers:

• Demand by growing industries like automotive and electronics.

Turbomolecular pumps find applications in semiconductor processing used in manufacturing numerous consumer electronic devices such as smartphones, etc. They are also used in the automotive industry for electric vehicles, which are being increasingly adopted due to their environmental and cost benefits. Thus, as the demand for these products rises, the need for semiconductors will also increase. The demand for semiconductors has also increased due to technological advancements such as IoT and artificial intelligence. This has led to a growth in the turbomolecular pump market size as its demand rises proportionately with the need for semiconductors.

• Expanded scope of applications.

Continuous research and development efforts in turbomolecular pumps have led to technological improvements such as operational efficiency, increased productivity, high vacuum, etc., that have increased the market scope. Its applications in electron microscopes, surface analysis systems, etc., have also propelled the turbomolecular pump market growth.

Product Offerings by key businesses

Key businesses in the turbomolecular pump market have witnessed positive effects on revenue over the past few years due to such efforts. For instance, Pfeiffer Vacuum GmbH had an increase in revenue of over 18.5% from 2021 to 2022 and produced total revenues of roughly €916 million in 2022. Hence they are expanding their offerings to increase their market share:

• Atlas Copcooffers its Intelligent Liquid Ring Pumps under the LRP 700-1000 VSD+ series. These products have variable speed drive technology to regulate the vacuum levels and water circulation pumps. They are designed to suit wet, dirty, and humid applications, extreme temperatures, and vapor loads. The product is equipped with a management system for real-time monitoring, control, and optimization of vacuum pump performance simultaneously.
• Pfeiffer Vacuum’s HiPace 2800 IT is a hybrid-bearing turbomolecular pump with the fastest pumping speed offered by the company’s products in this range. It is ideally designed for ion implantation systems and is optimal for pumping light gases. It features a temperature management system that benefits by reducing deposits and processing condensations.
• Osaka Vacuum’s energy-efficient heated type TG-MI series magnetically levitated turbomolecular pump is designed to reduce condensation rates of the turbomolecular pumps with the help of the company’s patented thermal insulation and temperature management systems. The product allows for temperature control inside the pump, elongated mean time between services, and improvements in system uptime by improving the pump's life cycle and reducing the frequency of its maintenance requirements.

Market Restraints:

• Technical complexities.

The lack of technically skilled and competent labor to install, operate, and maintain these pumps remains a key challenge. The lack of qualified technicians to install or operate these pumps can restrict the demand for turbomolecular pumps. Hiring skilled technicians for these operations also adds to the high costs involved, making it inaccessible for smaller-scale businesses and industrial units.

The Asia-Pacific region is expected to hold a significant share of the turbomolecular pump market.

Asia Pacific is expected to constitute a significant share of the turbomolecular pump market, and similar trends are expected to be followed in the forecast period. This market share is owed to the growth in industrial and automotive sectors in the region's major economies, such as China, Japan, and India, as well as the well-established electronics industries in countries like South Korea, China, and Japan.

Chinese and Indian Markets

China is home to a growing electronics production market, so the demand for semiconductors in the region is rising significantly. These key factors will continue to increase the demand for turbomolecular pumps in Chinese markets as they are required to process semiconductors. In India, the focus on self-reliance has led to increased industrial growth nationwide, driving the demand for turbomolecular pumps proportionately.

Market Developments:

• In January 2022, Atlas Copco, a Swedish manufacturer of vacuum solutions, announced the acquisition of HHV Pumps Pvt. Ltd., based out of India, into its industrial vacuum division of the company’s vacuum technique business area. HHVV Pumps is one of the leading suppliers of vacuum pumps for pharmaceutical, chemical, and several other industries, and this acquisition is expected to strengthen further Atlas Copco's presence in the vacuum pump market.
• In November 2022, Atlas Copco announced the acquisition of Shandong Jinggong Pump Co., Ltd., a Chinese manufacturer of vacuum pumps and systems for chemical and other general industries, and its incorporation into the industrial vacuum division of the Atlas Copco’s vacuum technique business area. This acquisition is expected to improve the company’s market presence in the Chinese and surrounding Asian markets.
• In April 2023, Busch Vacuum Solutions, an American vacuum solutions provider, announced the launch of Vac-Tech Inc., another American company that sells and services high-precision vacuum pumps for several industries, such as electronics and semiconductors. The acquisition was made to bolster the existing presence of Busch in the American market and add repair and installation services to its portfolio.

Market Segmentation:

By Product

• Oil-Lubricated Type
• Magnetically Suspended Type
• Hybrid

By Type

• Nanotechnology Instruments
• Analytical Instrumentation
• Industrial Vacuum Processing
• Others

By Industry Vertical

• Electronics
• Semiconductors
• Research Institutes
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Taiwan
• Others