"Increasing Digitalization Across The Printing And Textile Industry Is Driving The Dry Vacuum Pump Market"

Globally, the dry vacuum pump market is expected to grow with a CAGR of 5.5% during the forecast period from 2021 to 2029, starting from US$ 6.32 Bn in 2020. The growth of the market is credited to the rising demand in the semiconductor industry. The semiconductor manufacturers are leveraging on the dry vacuum pumps for dry cleaning chips, circuit boards, and other manufacturing equipment. The rapid advancement in consumer electronics products such as smartphone, tablets, digital cameras, and other digital electronics is further accelerating the adoption of the dry vacuum pumps in the market.

Moreover, the increasing demand for more energy-efficient vacuum pumps across the globe is driving the growth of the market. However, certain factors are hindering the growth of the market. The high costs of the dry vacuum pumps along with the lack of a skilled workforce are the major constraints in the growth of the market. Additionally, the low adoption among the SMEs is restricting the growth of the market. 

"High Vacuum Pump Is Leading the Dry Vacuum Pump Market"

The dry vacuum pump market is bifurcated based on product into a high vacuum pump, medium vacuum pumps, and low vacuum pumps. The high vacuum pumps are dominating the market with the 45% share in the revenue. The growth of the market is attributed to the large scale adoption of the pumps across the industry verticals. The high vacuum pump offers the pressure as low as 10-10 Pascals, which makes it a suitable option for the industrial application. On the other hand, the low-pressure vacuum pump is estimated to grow significantly during the forecast period.   

"North America Is Leading the Dry Vacuum Pump Market"

North America is leading the dry vacuum pump market with over 35% share in the revenue in 2020. The growth of the market is attributed to the strong production of semiconductors, oil & gas, and pharmaceutical products. The large scale production in the pulp and paper industry in the region also supports the growth of the market. The U.S. alone accounts for more than 74.0 million metric tons annually. Furthermore, the increasing R&D activities in the region also supports market growth.

The key vendors in the dry vacuum pump market are Agilent, Atlas Copco, Becker, Busch, DEKKER, Ebara, Gardner Denver, Kashiyama,KNF Neuberger, Pfeiffer, Shimadzu, and ULVAC.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Dry Vacuum Pump market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Dry Vacuum Pump market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Dry Vacuum Pump market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Dry Vacuum Pump market?
• Which is the largest regional market for Dry Vacuum Pump market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Dry Vacuum Pump market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Dry Vacuum Pump market worldwide?