Global Market Insights has recently published a report which states that the vacuum pump market will hit $6.5 billion by 2025. The major influencing factor for sales would be the growth of chemical manufacturing and processing industry.

Industrially emerging nations, such as India, Indonesia and Thailand offer promising growth along with China. The rebound of the petrochemical sector will also boost the vacuum pump market in the coming few years. Applications for vacuum pumps include oil & gas recovery, field gas boosting and vacuum reactors. Thanks to increase in the crude oil prices, the U.S. oil & gas companies are responding by increasing the spending in drilling activities. The quick recovery of the country’s shale oil producers after 2014 will further propel the vacuum pump demand over the forecast period.

The vacuum pump market has been segmented, based on lubrication, into dry and wet types. Wet vacuum pumps include water, as well as oil-lubricated machines, capable of providing higher pumping speeds than the dry types.

This segment is expected to witness annual growth of around 6% from 2018 to 2025. Based on vacuum pump technology, the market is classified into gas capture and binding and gas-transfer types. Gas-transfer products are further classified into kinetic and positive displacement types. The kinetic pumps segment will witness healthy growth, crossing $3 billion in 2025. Gas capture and binding products will generate more than $1 billion annually by the conclusion of the forecast span