In this new report on the global dry vacuum pumps market, FMI predicts revenue from the sales of dry vacuum pumps to reach US$ 1,680.8 Mn by the end of 2018 and this is expected to increase to US$ 3,070.1 Mn towards the close of 2028. The global dry vacuum pumps market is slated to register a growth rate of 6.2% during the decade 2018 to 2028.
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Growing infrastructural activities across the globe are directly favouring the demand for pumps. The electronics and semiconductor industries have witnessed rapid revenue growth over the last few years, with an increasing focus on the manufacturing of semiconductor and electronic components and equipment. This has led to an increase in demand for dry vacuum pumps from these industries, especially in the production of micro-electronics and chips.
Manufacturers of semiconductor and electronic components such as Panasonic, Samsung, Meiko Electronics, Saigon Semiconductor Technology, and Taiwan Semiconductor Manufacturing Co. are setting up production plants in developing regions to benefit from cost competitiveness. Local governments across several developing countries such as Brazil, India, and ASEAN countries are focused on increasing foreign direct investments in the manufacturing sector. This is expected to boost sales of dry vacuum pumps in the coming years.
Market Key Players:
Some of the prominent players reported in this study of the global dry vacuum pumps market include EBARA CORPORATION, Pfeiffer Vacuum GmbH, Atlas Copco AB, Gardner Denver, Inc., ULVAC, Agilent Technologies, Becker, BUSCH and VACUUBRAND GMBH + CO KG, among others.
These players are key participants in the global dry vacuum pumps market and there are some regional players as well who are offering dry vacuum pumps. In recent times, collaborating with sales and service companies to enhance the market presence of the leading players has been the key strategy of major market players.
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By Product Type,
- Dry Screw Vacuum Pump
- Dry Scroll Vacuum Pump
- Dry Diaphragm Vacuum Pump
- Dry Claw and Hook Pump
- Others (Dry Lobe Vacuum Pump, and Dry Rotary Vane Vacuum Pump)
By End Use,
- Electronics & Semiconductor Industry
- Pharmaceutical Industry
- Chemical Industry
- Others (Printing Industry, Packaging Industry, Food and Beverages Industry)
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle-East & Africa (MEA)
- Asia Pacific excluding China (APEC)
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The global market for dry vacuum pumps is disrupted by several players from China who offer products at very low prices. Owing to the increasing price pressure from these companies, leading global players are striving to offer high-quality dry vacuum pumps that are more reliable and efficient at highly competitive prices. This price sensitive nature of the global market is expected to restrain revenue growth in the coming years. The dry vacuum pumps markets in the Latin America and SEA regions suffer from a very high dependency on imports from other regional markets, owing to a lack to talented and experienced local vacuum technology professionals. This is leading to a stagnancy in revenue growth of the global dry vacuum pumps market to a certain extent.