China Vacuum Pump Market

China Vacuum Pump Market

  • July 2019 •
  • 92 pages •
  • Report ID: 5815892 •
  • Format: PDF
China Vacuum Pump Market Research Report: By Type (Positive Displacement, Momentum Transfer, Regenerative), Application (Oil & Gas, Semiconductor & Electronics, Chemical & Pharmaceutical, Mining & General, Food & Beverages, Energy & Power) - Industry Analysis and Growth Forecast to 2024

The Chinese vacuum pump market is being driven by the growing demand for such devices from the pharmaceutical, semiconductor, and chemical industries. In 2018, the sale of such equipment generated $1.2 billion, and the market is projected to progress at a CAGR of 8.7% during the forecast period (2019–2024) to value $1.9 billion by 2024. A vacuum pump is used to remove all the air and gas molecules from an area to create a partial vacuum.

Based on type, the Chinese vacuum pump market is classified into regenerative, momentum transfer, positive displacement, and other pumps. During the historical period (2014–2018), the positive displacement classification led the market in terms of revenue as well as total sales. Such devices can handle fluids of high and low or even variable viscosity and liquids with a high amount of entrapped gas or air molecules., which makes them the preferred choice among industries which process food, beverages, and other substances.

Further, their use is also rising in the chemical sector, as they are able to maintain a constant flow rate and volume even at varying system pressures and are more efficient than other pump types when handling viscous liquids. In the chemical sector, they are used in drying, distillation, and material transfer. The industry in China is currently growing faster than most other countries due to the increasing investments, favorable government policies, and easily available labor at low cost. In 2018, China accounted for almost 40.0% of the global chemicals production.

Similarly, the expanding pharmaceutical industry is also having a positive effect on the Chinese vacuum pump market progress. Distillation, drying, sublimation, degassing, and crystallization are the various applications of such devices in pharma production. From $124.0 billion in 2016, the sector in the country is predicted to expand to $574.0 billion by 2022. The increasing investments by international market players in research and development activities in the country is the primary reason for the prosperity of the Chinese pharma sector.

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

Market Segmentation by Application
Oil & Gas
Semiconductor & Electronics
Chemical & Pharmaceutical
Mining & General
Food & Beverages
Energy & Power
Others

Market Segmentation by Region
East
West
Central
North East