Market Size of Asia Pacific Vacuum Pumps Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.20 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Vacuum Pumps Market Analysis
The Asia Pacific Vacuum Pump market is expected to register a CAGR of 8.2% during the forecast period. In recent years, there has been a significant rise in the number of small-scale vacuum pump manufacturers opening up shops in developing nations as they collaborate with OEMs from other countries to produce inexpensive pumps for use in end-user sectors. Since vacuum pumps are already a standard component of production machinery in the majority of end-user verticals, there is a far bigger demand for retrofitting than for new installations.
- One of the major drivers of the market's expansion is the booming chemical industry. Vacuum pumps are also employed in the manufacture of cabinets, glass and stone cutting industries, flight instruments, electron microscopy, photolithography, uranium enrichment, and composite molding. Additionally, they work in the food and beverage (F&B) business to produce chocolate, process dairy, roast coffee, deaerate mineral water, and sterilize tea and spices. Vacuum pumps are also utilized in the pharmaceutical industry for drying, degassing, distillation, and crystallization. In addition, moisture and incondensable gases like air pollute air conditioning and refrigeration systems. Internal icing and corrosion can occur in these systems when one of these constituents, or both, are present.
- According to the Indian Brand Equity Foundation, Industrial licensing and 100% FDI, under the automatic method, are permitted in the chemical sector, with a few exceptions for dangerous substances. Between April 2000 and December 2021, foreign direct investment (FDI) inflows to the chemicals sector (excluding fertilizers) totaled USD19.09 billion.
- The expanding use of MEMS technology in the vacuum pump industry is anticipated to augment the market growth. MEMS technology offers a wide range of uses in several market segments, especially in consumer electronics such as smartphones, tablets, and video game consoles. For instance, since people's perception of their immediate environment has altered, MEMS-based environmental hubs and gas sensor vacuum pumps are becoming more common. Due to pollution, people are more concerned with the quality of the air they breathe both inside and outside of their homes.
- Due to supply chain and logistics disruptions brought on by the COVID-19 pandemic, the market for vacuum technologies was initially impacted. Later on, though, it saw a rise in the use of a number of additional methods. According to AltasCopco, the demand for vacuum equipment in the semiconductor industry has raised order volumes for equipment. Order intake rose in Asia but fell in North America. The industries have begun to resume their activities at pre-pandemic levels and above; therefore, the market is anticipated to continue growing.
- In August 2021, in the dry screw vacuum pump market, EDS set a new standard. Designed for the most challenging industrial and chemical installations. The EDS family is available in both air-cooled and water-cooled models and has pollutant management capabilities that are unmatched even in demanding chemical and industrial applications. The EDS line is the ideal choice for demanding industrial and chemical applications thanks to its simplicity, ease of maintenance, and high speed.
APAC Vacuum Pumps Industry Segmentation
A vacuum pump is an equipment capable of generating a partial or low-pressure vacuum by pushing gas or air molecules out of a sealed chamber. A vacuum is a relative state at which the chamber pressure has a lower pressure than the ambient atmosphere or adjacent systems. This is different from an absolute vacuum, where the pressure is at 0 Pa and devoid of gas molecules.
The Asia Pacific Vacuum Pumps Market is segmented by Type (Rotary Vacuum Pumps (Rotary Vane Pumps, Screw, and Claw Pumps, Root Pumps), Reciprocating Vacuum Pumps (Diaphragm Pumps, Piston Pumps), Kinetic Vacuum Pumps (Ejector Pumps, Turbomolecular Pumps, Diffusion Pumps), Dynamic Pumps (Liquid Ring Pumps, Side Channel Pumps), Specialized Vacuum Pumps (Getter Pumps, Cryogenic Pumps)), End-user Application (Oil and Gas, Electronics, Medicine, Chemical Processing, Food and Beverages, Power Generation), and Region.
By Type | |||||
| |||||
| |||||
| |||||
| |||||
|
By End-user Application | |
Oil and Gas | |
Electronics | |
Medicine | |
Chemical Processing | |
Food and Beverages | |
Power Generation | |
Other End-user Applications (Wood, Paper and Pulp, etc.) |
By Region | |
China | |
Japan | |
India | |
South Korea | |
Rest of Asia Pacific |
Asia Pacific Vacuum Pumps Market Size Summary
The Asia Pacific vacuum pump market is experiencing robust growth, driven by the increasing demand across various industries such as chemicals, pharmaceuticals, food and beverage, and electronics. The market is characterized by a significant rise in small-scale manufacturers in developing countries, collaborating with international OEMs to produce cost-effective solutions. This trend is further supported by the expanding chemical industry and the growing application of vacuum pumps in sectors like glass and stone cutting, electron microscopy, and composite molding. The market's expansion is also fueled by the adoption of MEMS technology, which enhances the functionality of vacuum pumps in consumer electronics. Despite initial disruptions due to the COVID-19 pandemic, the market has rebounded, with increased demand in the semiconductor industry and a resurgence in industrial activities.
The market landscape is moderately fragmented, with both global and local players competing intensively. Key companies such as Agilent Technologies, Atlas Copco, and Flowserve Corporation are actively investing in research and development to innovate and meet the evolving needs of various sectors. The oil and gas industry, particularly in regions like India and China, presents significant opportunities for market players, driven by high production levels and investments in infrastructure. Additionally, the rising demand for packaged foods and stringent regulatory requirements in the food and beverage sector are propelling the need for vacuum pumps. The market is poised for continued growth, supported by advancements in technology and increasing industrial applications.
Asia Pacific Vacuum Pumps Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Value Chain / Supply Chain Analysis
-
1.3 Industry Attractiveness - Porters Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
1.4 Impact of COVID-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Rotary Vacuum Pumps
-
2.1.1.1 Rotary Vane Pumps
-
2.1.1.2 Screw and Claw Pumps
-
2.1.1.3 Roots Pumps
-
-
2.1.2 Reciprocating Vacuum Pumps
-
2.1.2.1 Diaphragm Pumps
-
2.1.2.2 Piston Pumps
-
-
2.1.3 Kinetic Vacuum Pumps
-
2.1.3.1 Ejector Pumps
-
2.1.3.2 Turbomolecular Pumps
-
2.1.3.3 Diffusion Pumps
-
-
2.1.4 Dynamic Pumps
-
2.1.4.1 Liquid Ring Pumps
-
2.1.4.2 Side Channel Pumps
-
-
2.1.5 Specialized Vacuum Pumps
-
2.1.5.1 Getter Pumps
-
2.1.5.2 Cryogenic Pumps
-
-
-
2.2 By End-user Application
-
2.2.1 Oil and Gas
-
2.2.2 Electronics
-
2.2.3 Medicine
-
2.2.4 Chemical Processing
-
2.2.5 Food and Beverages
-
2.2.6 Power Generation
-
2.2.7 Other End-user Applications (Wood, Paper and Pulp, etc.)
-
-
2.3 By Region
-
2.3.1 China
-
2.3.2 Japan
-
2.3.3 India
-
2.3.4 South Korea
-
2.3.5 Rest of Asia Pacific
-
-
Asia Pacific Vacuum Pumps Market Size FAQs
What is the current Asia Pacific Vacuum Pumps Market size?
The Asia Pacific Vacuum Pumps Market is projected to register a CAGR of 8.20% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Vacuum Pumps Market?
Agilent Technologies Inc., Atlas copco, Wintek Corporation, Ebara Corporation and Flowserve Corporation are the major companies operating in the Asia Pacific Vacuum Pumps Market.