China Vacuum Pump Market Projected to Have a Stable Growth for the Next Few Years

China Vacuum Pump Market

China vacuum pump market is expected to reach $1.9 billion by 2024, citing a CAGR of 8.7% during forecast period. Growing demand for vacuum pumps from industries including oil & gas, chemical & pharmaceutical, food & beverages, and energy & power.

On the basis of application, China vacuum pump market has been categorized into chemical & pharmaceutical, semiconductor & electronics, F&B, mining & general, energy & power, oil & gas, and others, wherein others include pulp and paper and medical applications. Of these applications, semiconductor & electronics segment is expected to register highest growth during the 2019-2024.

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Based on type, China vacuum pump market has been divided into positive displacement, momentum transfer, regenerative, and others, wherein others include, entrapment, venturi, and steam ejector. Positive displacement vacuum pump market registered largest market revenue share in 2018.

Central China region is expected to register fastest growth in the forecast period. Central provinces are attracting investments in high-tech manufacturing via Made in China 2025. Also, the rise in presence of machinery and consumer-oriented industries such as automobile and auto parts manufacturing expected to provide healthy growth to the vacuum market in the region in the coming years.

The rivalry in China vacuum pump market is moderate with low brand loyalty among consumers. In the recent year, the market witnessed a high number of product launches to respond to the increasing demand for moisture resistant vacuum pumps as well as higher efficiency pumps.

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Some of the key players in China vacuum pump market include Guangdong Kenflo pump Limited, Zibo Vacuum Equipment Plant Co., Ltd, Zibo Water Ring Vacuum Pump Factory Co., Ltd, Flowserve SIHI Germany GmbH, Atlas Copco AB, Pfeiffer Vacuum Technology AG, Gardner Denver Holdings Inc., ULVAC, Inc., EBARA Corporation, Shimadzu Corporation, Leybold GmbH, Kashiyama Industries Ltd., KNF Neuberger GmbH, and Gebr. Becker GmbH.

China Vacuum Pump Market Segmentation

Market Segmentation by Type

  • Positive Displacement
    • Rotary Vane
    • Diaphragm
    • Liquid Ring
    • Piston Pump
    • Dry Screw Pump
    • Others
  • Momentum Transfer
  • Regenerative
  • Others

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