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Vacuum pumps are the instruments that help in removing the air molecules from the sealed chamber and leave a partial vacuum by lowering the atmospheric pressure within the room, which leads removal of materials inside the chamber due to differences in pressure gradients. Vacuum pumps are used in various industries. They are involved in multiple functions such as semiconductors and electronics industry, pharmaceuticals packaging, and others, which has put more emphasis on using vacuum pumps.
Based on the product type, the market is segmented into positive displacement pumps, entrapment pumps, momentum transfer pumps, rotary vane pumps, and others. The positive displacement pumps dominate the global vacuum pumps market due to their varieties in repeating expand cavity, increasing its volume, other than its usage in medical, scientific, and industrial applications. Based on these factors, the control and protection relay is anticipated to grow during the forecast period.
Based on technology, the market is segmented into dry vacuum pumps and wet vacuum pumps. The dry vacuum pumps are expected to dominate the market due to their economic factor in the long term; besides, they offer clean vacuum and have low maintenance. Based on this factor, the dry vacuum pump market has significant growth across its market.
Based on the end-user industry, the market is segmented into chemicals, oil & gas, food and beverages, electronics & semiconductors, pharma, and others. The electronics & semiconductors, food & beverages are expected to dominate the market as the vacuum pump plays a vital role in the productivity and yield process of semiconductors; other than that, the decrease in gadget size has anticipated the growth of the vacuum pump market.
One of the major drivers for the global vacuum pump market is the rising industrial applications in packaging, evaporation, and drying application to grow the vacuum pump market in the long term.
The maintenance and operational costs involved in the process are the major restraints for the vacuum pump market.
Key Market Driver -
The increasing freeze drying, packaging industry will act as a major driver for vacuum pumps market
Key Market Restraint -
maintenance cost and operational cost hinders the vacuum pump
Some of the major companies that are present in the global vacuum pump market are Atlas Copco, Ebara Corporation, Samson Pump, ULVAC, Bush Vacuum Solution, Edwards, Graham, Becker Pumps, Dekker, Pfeiffer Vacuum, Value Specializes, and PPI Pumps.
The vacuum pump market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is expected to dominate the most significant market in terms of demand for vacuum pumps due to the higher consumption in electronics, semiconductors in nations like India, China, Taiwan, and others; other than that, the increasing urbanization and manufacturing in industrialization increase the demand for vacuum pumps across regions. Following Asia-Pacific, North America & Europe have been more focused on technological developments and expanding the presence. The established power grids and distribution have played a vital role in emerging economics.
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