Global Compressors and Vacuum Pumps Market Trajectory & Analytics 2022-2026: Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into the Market - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Compressors and Vacuum Pumps - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Compressors and Vacuum Pumps Market to Reach $43.6 Billion by 2026

The global market for Compressors and Vacuum Pumps estimated at US$35.4 Billion in the year 2022, is projected to reach a revised size of US$43.6 Billion by 2026, growing at a CAGR of 4.6% over the analysis period.

Compressors are the most ubiquitous electromechanical workhorse equipment used widely in homes, commercial establishments, and industries such as heavy machinery, general manufacturing, engineering, water pumping, process industries, mining energy generation, oil and gas exploration and distribution, power plants, petrochemicals, automobile service centers, textiles and chemical industry, among others.

Positive Displacement Compressors, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$25 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dynamic Compressors segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

In post COVID-19 period, the compressors and vacuum pumps market is likely to witness moderate business opportunities despite persisting macroeconomic challenges. Some of the opportunities that potentially encourage a moderately higher recovery include diminished apprehensions over China's near-term growth and upward growth revisions supported by fiscal stimulus policies; and anticipated gradual normalization of economic conditions in most developing and emerging markets worldwide. Marginally recovering commodity and oil prices brightens the outlook for commodity and oil-exporting emerging markets in post COVID-19 period.

Compressor innovations of utmost commercial value will be the development of innovative miniaturized compressors with high pressure-to-mass ratio, vibration resistant compressors, micro compressors for aerospace and medical applications, compressors with noiseless operation even at high pressure, oil-free compressors for hospitals, dental clinics, food or electronic production plants, and innovations in water injected rotary screw air compressors that use water as a lubricant. Also poised to benefit the market is breakthroughs in the design of smart compressors.

The U.S. Market is Estimated at $8.9 Billion in 2022, While China is Forecast to Reach $9.7 Billion by 2026

The Compressors and Vacuum Pumps market in the U.S. is estimated at US$8.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$9.7 Billion by the year 2026 trailing a CAGR of 5.6% over the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Rotary Vacuum Pumps Segment to Reach $6.1 Billion By 2026

A rotary piston vacuum pump provides high volumetric efficiency over a wide range of pressures. Key application areas of rotary vacuum pumps include petrochemical, chemical, pharmaceutical and manufacturing industries, and other application areas include semiconductor, communications, electronics, food, scientific instruments and vacuum furnace industries.

In the global Rotary Vacuum Pumps segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.8 Billion will reach a projected size of US$5.3 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$686.5 Million by the year 2026, while Latin America will expand at a 4.8% CAGR through the analysis period.

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to the digital archives
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Compressors and Vacuum Pumps - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Weak Global Economic Environment & Negative Tide in GDP Forecasts Discourage the Market
• Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into the Market
• Ubiquity of Compressed Air Usage in Industries Worldwide (in GWh/Year)
• Types of Compressors and Vacuum Pumps
• Outlook
• Competition
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS (Total 509 Featured)

• Aerzener Maschinenfabrik GmbH
• Ariel Corporation
• Atlas Copco AB
• Baker Hughes Company
• Bauer Compressors Inc.
• Becker Pumps Corporation
• Burckhardt Compression AG
• Busch LLC
• Dekker Vacuum Technologies, Inc.
• Ebara Corporation
• Flowserve Corporation
• Graham Corporation
• Ingersoll Rand, Inc.
• Pfeiffer Vacuum GmbH
• Siemens AG
• Sulzer Ltd.
• Tsurumi Manufacturing Co., Ltd.
• Tuthill Corporation
• ULVAC Technologies, Inc.

3. MARKET TRENDS & DRIVERS

• Strong Pressure to Cut Carbon Footprint Drives Demand for New Generation of Energy Efficient Compressors & Vacuum Pumps
• High Compressor Energy Costs Drives Demand for Energy Efficient Compressed Air Systems: Annual Compressor Energy Costs (in US$) by Horsepower (HP) Generated
• Industrial/Commercial Refrigeration & Food Processing Industry Drives Demand
• Development of Piped Energy Networks Fuels Demand for Compressor Stations
• Oil & Gas Pipeline Activity Worldwide: Under Construction and Planned Pipeline Miles by Region
• Amidst the COVID-19 Outbreak, Oil & Gas Sector Confronts Challenging Times
• Impact on Compressors Market
• Demand for Energy Drives Opportunities for Compression Solutions in Power Generation Plants
• Global Energy Production by Energy Source (2030 & 2040): Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share for Petroleum, Nuclear, Natural Gas, Coal and Renewables
• Commercial Rise of Compressed Air Energy Storage Technology & Plants to Fuel Demand for Compressors
• Semiconductor & Electronics Industry Drives Demand for Instrument Air Compressor
• Slowdown in Semiconductor Sector Impacts Growth
• Recovery in Automobile Production Trends to Drive Demand for Compressed Power Air in Auto Manufacturing Plants
• COVID-19 Impact on Automobile Industry
• Commercial Aircraft Production and Prospects for Compressors in the Aerospace Sector
• COVID-19 Pandemic Dents Airline Revenues
• COVID-19 Leaves Engine MRO Market in Turmoil
• Focus on Quality of Care Drives Demand for Innovative Medical Air Compressors and Vacuum Systems
• Sought After Features For Medical Compressors
• Focus on Quality of Compressed Air Drives the Popularity of Oil-Free Compressors & Vacuum Pumps
• The Rising Wave of IIoT & the Ensuing Focus on Automation & Remote Monitoring Throws the Spotlight on Smart Compressors
• Major Industry 4.0 Technologies
• Automation to Play a Critical Role Post COVID-19
• Technology Advancements & Innovations
• Advances in Compressor Technology
• Variable Speed Drive Technology to Improve Compressor Speed
• Smart Portable Compressors
• Use of Dual motors
• Contactless Technology
• Manufacturers Offer Smart Solutions for Vacuum Pumps

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

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