Yahoo Finance Integration of Smart Sensors to Support Vacuum Pump Market Growth in United States, States Fact.MR
The Trend of Manufacturing Intelligent Vacuum Pumps and Ongoing Innovation in Providing Connected Solutions Are Anticipated To Drive Vacuum Pump Demand in the United States over the Coming Years
United States, Rockville MD, June 28, 2022 (GLOBE NEWSWIRE) -- The United States vacuum pump market is estimated at US$ 1.8 billion in 2022, and is predicted to register impressive growth at 6.6% CAGR through 2032. The market registered yearly growth at 4.7% during 2017-2021, as per detailed analysis by Fact.MR, a market research and competitive intelligence provider.
Manufacturers of vacuum pumps are launching systems with smart sensors that allow for the recording and saving of operating data. These kinds of innovations are providing a competitive edge to companies over others. With the introduction of such advanced products in the market, key players are declaring themselves ready for the industrial revolution 4.0. This has also initiated a trend of manufacturing intelligent vacuum pumps among prominent players in the market, thereby supporting market growth in the United States.
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Why are Vacuum Pumps Manufacturers Thriving in the U.S.?
“High Demand from Medical & Pharmaceutical Industry”
Vacuum pumps remove gas from sealed articles creating a partial vacuum. This leads to their application in several areas such as electric lamps, production of vacuum tubes, cathode ray tubes, print presses, electron microscopy, etc.
The advantages of vacuum pumps have made them popular in pharmaceutical and medical industries for numerous applications such as radiotherapy, radiosurgery, radiopharmacy, etc.
Key manufacturers are offering vacuum pumps for sterilization processes that require high pumping performance, thereby minimizing cycle time and maximizing output. Furthermore, vacuum pumps are being used in the pharmaceutical industry for packaging and container closure in accordance with strict regulations by the government.
Companies are coming up with vacuum pumps that not only provide an excellent barrier to drugs, preventing them from biological contamination but also increase their shelf life.
As such, demand for vacuum pumps from the pharmaceutical and medical industry is likely to fuel vacuum pump market growth in the United States over the coming years.
“Rising R&D Expenditure and Facility Up-gradation”
Prominent vacuum pump suppliers are launching new products that are incorporated with advanced features, fulfilling the needs and demands of varied end users. Companies are investing in research and development to stay ahead of the competition faced in the market. They are also working closely with customers to launch products that enhance customer uptime and productivity.
Research and development along with technology up-gradation call for huge investments. Companies are looking for the up-gradation of their manufacturing and training facilities and for the modernization of their production facilities to launch new product lines consisting of intelligent, high-performance root pumps for low and medium vacuum applications.
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Key Segments Covered in the U.S. Vacuum Pumps Industry Survey
U.S. Vacuum Pump Market by Pump Type :
Positive Displacement Vacuum Pumps
Liquid Ring Vacuum Pumps
Rotary Screw Pumps
Rotary Root Pumps
Dry Vacuum Pumps
Dry Screw Vacuum Pumps
Dry Scroll Vacuum Pumps
Dry Diaphragm Pumps
Dry Clan & Hook Pumps
Others
Centrifugal Pumps
Momentum Transfer
Rotary Vane Vacuum Pumps
Turbo Molecular Vacuum Pumps
Regenerative Vacuum Pump
U.S. Vacuum Pump Market by Mechanism :
Gas Transfer Vacuum Pumps
Gas Displacement Vacuum Pumps
Kinetic Vacuum Pumps
Gas Binding Vacuum Pumps
U.S. Vacuum Pump Market by Pressure :
Rough Vacuum Pumps (from 10.3 mbar-1 mbar)
Medium Vacuum Pumps (1 mbar – 10-3 mbar)
High Vacuum Pumps (10-3 mbar to 10-7 mbar)
Ultra-high Vacuum Pumps (10-7 mbar to 10-12 mbar)
Extreme High Vacuum Pumps (less than 10-12 mbar)
U.S. Vacuum Pump Market by Lubrication :
Dry Vacuum Pumps
Wet Vacuum Pumps
U.S. Vacuum Pump Market by Flow :
Up to 85 ACFM Vacuum Pumps
Up to 150 ACFM Vacuum Pumps
Up to 550 ACFM Vacuum Pumps
Up to 1,500 ACFM Vacuum Pumps
Up to 4,500 ACFM Vacuum Pumps
U.S. Vacuum Pump Market by Application :
Assembly
Conveying
Dehydration/Drying
Engine Testing
Evaporation & Distillation
Development of Market
Innovation and technology have become crucial in the U.S. vacuum pump market with almost every company offering such products or services in this competitive space.
Prominent manufacturers of vacuum pumps are undertaking innovation in the form of recording and saving data, speed modulations, and different modes of operation based on input and output. These innovative pumps are finding enhanced application in chemical processing, packaging, oil & gas, mining, print presses, and medical industries.
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Key players in the U.S. Vacuum Pumps Market
Becker Pumps Corporation
Gardner Denver
KNF Neuberger, Inc.
Tuthill Corporation
Vooner Flogard Corporation
Wintek Corporation
CVC Cascade Vacuum Consulting
Lyco Wausau, Inc.
A&J Vacuum Services, Inc.
Key Takeaways from U.S. Vacuum Pumps Market Study
The U.S. vacuum pump market is estimated to reach a valuation of US$ 3.43 billion by the end of 2032.
The market witnessed 4.7% CAGR during the years 2017-2021.
Under the lubrication segment, the wet vacuum pumps segment leads the market with 76.9% market share.
Under pump type, positive displacement vacuum pumps dominate the market with 23.9% share.
West U.S. dominates the market with 28.1% share and is projected to rise at 7.1% CAGR over the decade.
West U.S. and South-East U.S. together hold 51.3% share in the United States market.
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