The Dry Vacuum Pumps Market Is Forecast To Increase From US$3.22 Billion By 2028

The market for dry vacuum pumps is anticipated to grow from a US$ 2.25 billion valuation in 2022 to a US$ 3.22 billion valuation by 2028, expanding at a CAGR of 6.1%. In 2021, the market for industrial pumps saw a 3.2% share of demand for dry vacuum pumps. Sales of dry screw vacuum pumps will continue to be high, whereas gains for dry scroll vacuum pumps are anticipated to remain stable in the upcoming years.

The supply and demand for electronics and semiconductors has a significant impact on the dry vacuum pumps market, and Future Market Insights offers a comparison and insightful study of these market dynamics and trends. Certain macroeconomic factors, such as advancements in the electronics and semiconductors, pharmaceutical and chemical industries, along with certain innovation factors, have a significant impact on dry vacuum pumps.

According to FMI analysis, the market for dry vacuum pumps is expected to experience a 42-unit decline in BPS values in H1 2022 – Outlook when compared to H1 2022’s projected CAGR. According to the current estimate, the market will experience a 30 basis point decline in H1-2022 compared to H1-2021.

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The supply of electronics and semiconductors has been constrained over the past few years, but demand has remained high. The overall consumption volume is also being affected by the supply shortages, which has caused a slight decline in the anticipated CAGR, according to current estimates.

Despite the possibilities, the dry vacuum pumps’ price sensitivity may limit the market’s expansion in the years to come.

U.S. Dry Vacuum Pumps Market at the Forefront

“Rising Investments in Oil-less Vacuum Pumps to fuel Market Expansion”

The market for producers of oil-free vacuum pumps is changing quickly in the United States. The U.S. market for oil-less vacuum pumps is expanding as a result of the fast-growing industrial manufacturing, electronics and semiconductors, oil and gas, chemical and petrochemical, and other industries, as well as increased business investments in these technologies.

Why is China an Emerging Market for Dry Vacuum Pumps

“Strong Domestic Production Base of Pharmaceutical Industry Driving Demand for Dry Scroll Vacuum Pumps”

The need for dry scroll vacuum pumps is rising steadily in China’s pharmaceutical sector. The establishment of manufacturing facilities in China under this scenario offers lucrative growth opportunities for international dry scroll vacuum pump manufacturers.

Given the low production and labour costs, establishing bases in China will enable manufacturers to take advantage of better economies of scale.

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Competitive Landscape

In recent times, collaborating with sales and service companies to enhance market presence has been the key strategy of major market players. Mergers, acquisitions, and collaborations by large players will drive sales of modern dry vacuum pumps substantially.

For instance,

• In July 2021, Leybold GmbH launched DRYVAC DV 500 and DV 800 vacuum technologies that are founded on dry screw vacuum pumps. These products are screw-type devices that compress and dry entirely, removing the need for any lubricant.

Industry Vertical is Proving Profitable for Dry Vacuum Pump Producers?

“Steady and Growing Demand from Electronics and Semiconductor Sector to Augur Well for Market”

Electronics and semiconductor industries have witnessed rapid revenue growth over the last few years, with increasing focus on the manufacturing of semiconductor and electronic components and equipment. This has led to an increase in the demand for dry vacuum pumps from this sector, especially for 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 the sales of dry vacuum pumps over the coming years.