Vacuum Pumps Market Poised for a High Growth in the Years to Come

Vacuum technology and processes make it possible to replace processes that impact and harm the environment with others protecting the environment. Vacuum technology includes vacuum pumps and vacuum components such as the measuring devices and leak detectors deployed in many industrial applications. These applications include vacuum packaging of food, evacuation and environment-friendly charging of refrigerators and air conditioners, production of ultrapure high-strength metals, evacuation of lamps and CRT’s, manufacture of flat-panel displays, and coating. Vacuum technology/components are categorized into three main sub segments: vacuum pumps, vacuum instrumentation, and vacuum hardware.

 

Key factors driving the growth of the vacuum pumps market include growth in the demand for energy and resurgence of large project activity after economic slowdown. Additionally, process industries have increased the popularity of vacuum pumps. With the advancement of technology, vacuum pumps offer a viable cost-effective solution to achieve effective and efficient vacuum-process-based applications in various industrial sectors.

 

The major exporters of vacuum technology, inclusive of vacuum pumps, are Germany, the U.S., and Italy in the financial year ending 2014. MEA forms one of the major export destinations for the aforementioned exporting countries, where vacuum pumps are exported to GCC countries, Iraq, and Iran for process-industry-based applications. Vacuum pump manufacturers operating out of subsidiaries situated in India, and Japan-based vacuum manufacturers are leaders in vacuum pump exports to countries within GCC, such as the UAE, Kuwait, and Qatar. By 2030, India is expected to become the UAE’s top export destination, surpassing the current export partner, Japan.

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In 2014, GCC countries accounted for 30% of the total MEA vacuum pumps market. The region is characterized by accelerated development in the fields of construction, industrial and agricultural infrastructure apart from petrochemicals, and chemicals industries. The development of non-oil-&-gas-based industries, such as food & beverages, textile, and power are driving the demand for the vacuum pumps market. The growth in the manufacturing sector’s share of the real GDP of the GCC countries has indicated that the region is moving away from primary products export and adopting an export diversification model.

 

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By region, the GCC was one of the largest contributors to the MEA vacuum pumps market in terms of revenue in 2014 on account of large demand from SME manufacturing and industrial enterprises and the presence of leading oil & gas producing companies deploying vacuum pumps in this region. According to a report published by the International Monetary Fund (IMF) in December 2014, Bahrain and Saudi Arabia were leading the composition of manufacturing sector to the real GDP with 13% and 11%, respectively. Meanwhile, Oman, Qatar, the UAE, and Kuwait recorded 6%, 3%, 9.5%, and 2%, respectively. Government-funded capital projects and infrastructure development activities in the utilities and construction sector are also driving the demand for vacuum pumps. The region is also investing in water resource projects, such as the building of desalination stations, recycling of sewage water, the construction of dams for reserving surface water, and increasing the utilization of underground water resources.

 

Some of the leading players operating in the region are Gardner Denver, Inc., Pfeiffer Vacuum GmbH, ULVAC, Inc., Oerlikon Leybold Vacuum GmbH, Atlas Copco AB, Tuthill Corporation, Graham Corporation, Dekker Vacuum Technologies, Inc., Ebara Corporation, and Sterling SIHI GmbH.

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