Vacuum Pump Market Trends 2025 |Gardner Denver, Atlas Copco, Agilent Technologies, SHIMADZU CORPORATION
The Vacuum Pump Market is fragmented by product, which include high, low and medium vacuum pumps. Among these, high speed vacuum pumps are likely to register positive growth due to its end user industries will register the significant growth in forecast spell. In terms of value, the high vacuum pumps registered more than USD 2.5 billion by 2025.
Vacuum Pump Market will surpass USD 6.5 billion by 2025. Significant growth in pharmaceutical industry in emerging economies such as Europe and North America will boost the sales of vacuum pump positively in future. Vacuum pumps are used during the manufacturing of active pharmaceutical ingredients (APIs), intermediate products and bulk drugs to maintain the perfect reaction environment. In 2017, the U.S. minimal spending on pharma products crossed USD 450 billion.
Oil & gas sector will dominate the entire end-user segment with an estimated CAGR of 6% over the forecast years. Upsurge in investments for production & exploration activities with current changes in policies related to production of oil & gas specially in North America is crucial factor for vacuum pumps market growth by 2025.
On the basis of region, China vacuum pumps industry will likely to witness around 7% CAGR in future, with revenue more than USD 2 billion by 2025. Prevalence of basic chemical and consumer electronic products manufacturing industries in China will bolster the regional market demand over the forecast timeframe.
The major players in the vacuum pump market include DEKKER, Shimadzu, Busch, Becker, Pfeiffer, Atlas Copco, Ebara, Agilent, ULVAC, Kashiyama, etc.