Portable Vacuum Pumps Market size shall reach a value of $x Million in 2027, growing with a CAGR of 9.8% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Portable vacuum pumps are compact handheld pumps that can be easily carried around. A portable vacuum pump is used to eradicate molecules from sealed volume. These pumps are majorly utilized in scientific areas in microbiology. The pump maintains and improves vacuum in closed space.
Compared to limited pressure, a vacuum pump reduces the liquid pressure achieved through a vacuum system that is continually used to remove surplus air. These pumps are categorized into various types and used in different processes by various prerequisites of vacuum and displacement levels.
Vacuum pumps are majorly utilized in an industrial setting to create vacuum electric lamps and tubes and to refine semiconductors. The pump can also be used to create a vacuum utilized to power a piece of equipment. For instance, the gyroscopes fixed in some of the flight devices in aircraft are electrified by a vacuum source just in case of any electrical failure.
Portable Vacuum Pumps Market Growth and Trends
Driving factors for the industry :
• The global portable vacuum pump market is expected to expand exponentially during the assessment time period, due to it increased application in chemical, pharmaceutical, manufacturing and construction industries.
• Rapid infra structural development and organization of developing economies are concentrating on the development of product and equipment based on electronics(chips and microelectronics). This in turn will trigger the demand for these portable vacuum pumps, thereby influencing the global market.
• Rising electronic application in semi-conductor based industries is increasing the sale of these portable vacuum pumps to be used by consumer on a high rate. This is a major factor driving the growth and demand of the portable vacuum pump market.
• Trade liberalization and tax incentive established by local govt for helping the foreign investment is also one of the key factors enhancing the growth and demand of the global market.
• Portable vacuum pumps are on a massive huge demand from industries due to its efficient output system which further triggers the global market demand in the next few years.
• Low establishment cost and low power cost related with solar power protection to stop environmentaldegradation is expected to give ample opportunities to the market players to encourage growth and flourishment of the global portable vacuum pump market. Further more governments of developing countries like India and Indonesia are providing tax and land incentive for promotion of solar power generation, thereby propelling the global market even further.
Challenges for the industry :
• Consistent dependency on the import of portable vacuum pumps is a restraining factor to the market for the end users of major developing countries.
• Significant research and development of new and better products will enhance the vacuum technology business growth but the lack of skilled and well-trained work personnel’s will restrain the growth of the global portable vacuum pump market.
• Even if well trained work professionals are hired they will charge consistently high, thereby increasing the labour cost and will hinder the growth of the market.
Portable Vacuum Pumps Market Regional Analysis
Portable Vacuum Pumps Market Share and Competition
Key companies operating in this industry are: BGS GENERAL, Don Whitley Scientific Limited, EFFEGI BREGA s.r.l., Gardner Denver Inc., Hygeco International Products, Pfeiffer Vacuum GmbH, Atlas Copco AB, ULVAC Inc., Shanghai EVP Vacuum Technology Co., Ltd, Agilent Technologies Inc., Flowserve SIHI Germany GmbH, D.V.P. Vacuum Technology S.p.A., Busch Group, and Büchi Labortechnik AG. Similar industries in this domain that is growing at a high CAGR include Portable Abrasive Blasters Market and Industrial Portable Calibrators Market.
Portable Vacuum Pumps Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Dry vacuum pumps
• Wet vacuum pumps
Industry Analysis (Revenue, USD Million, 2020 - 2027)
• Electronics & Semiconductor
• Paper & Pulp
• Oil & gas
• Food and Beverages
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Portable Vacuum Pumps Market Companies
• BGS GENERAL
• Don Whitley Scientific Limited
• EFFEGI BREGA s.r.l.
• Gardner Denver Inc.
• Hygeco International Products
• Pfeiffer Vacuum GmbH
• Atlas Copco AB
• ULVAC Inc.
• Shanghai EVP Vacuum Technology Co., Ltd
• Agilent Technologies Inc.
• Flowserve SIHI Germany GmbH
• D.V.P. Vacuum Technology S.p.A.
• Busch Group
• Büchi Labortechnik AG
Available Versions: -
United States Portable Vacuum Pumps Market Research Report
Europe Portable Vacuum Pumps Market Research Report
Asia Pacific Portable Vacuum Pumps Market Research Report
India Portable Vacuum Pumps Market Research Report
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