Industry Overview

Global turbomolecular pumps market was valued at USD 1211.5 Mn in 2020 and is expected to grow at a CAGR of XX% during 2021–2028 to reach 1803.6 Mn by the year 2028. Expansion of the semiconductor sector, the downsizing trend in the electronics and electric industries, and the growth of electronic vehicles. The market is expected to develop due to the rising demand for analytical instruments in the pharmaceutical, chemical, and food industries, as well as the growing biotechnology industry. The turbomolecular pumps market, on the other hand, is rather mature, as evidenced by its overall growth rate in terms of value and volume.

Introduction

Turbomolecular pumps (TMPs) are kinetic vacuum pumps that function by transferring impulses from constantly rotating blades to the gas molecules they’re pumping. The pump’s rotating blades typically reach high speeds of 24,000 to 90,000 RPM. Turbomolecular pumps generally operate in the 10-3–10-11 mbar pressure range, with pumping rates ranging from 10 to 4,000 l/s. Chemical analysis, glass coating systems, and semiconductor production are some of its key operating areas.

Turbomolecular Pumps Market Covid-19 Pandemic Impact & Recovery Analysis

The COVID-19 pandemic hampered the growth of the turbomolecular pump market in the year 2020 with a major setback in the supply chain management across the globe.

Major players in the turbomolecular pump market are focusing on technological enhancement to streamline consumer reach and better market serving capabilities as a result of covid-19 pandemic recovery strategies.

Turbomolecular Pumps Market Dynamics

Manufacturers are focusing on the creation of smaller electronic products and gadgets due to the current trend of shrinking in the electrical and electronics sector. The trend is most noticeable in semiconductors, where smaller device sizes and larger wafer sizes are required to achieve cost savings. As a result, in the coming years, improvements in the field of miniaturized technologies are projected to boost demand for industrial vacuum and turbomolecular pumps.

Novel materials in semiconductor processes, as well as the rapid expansion of new vapor phase methods like atomic layer deposition (ALD), have created new pumping obstacles, driving up demand for better turbomolecular pumps. Semiconductors are a critical component in automotive electrification since they help to lower the cost of electric vehicle batteries. During the forecast period, the turbomolecular pumps market is predicted to rise in perfect sync with the notion of electric mobility.

Extensive and complex technologies are gaining popularity as a result of rising global industrialization, boosting industrial sector innovation. The vacuum processing technology is one such breakthrough that has grown in popularity as a consequence of increased demand in the electrical and electronics, power, consumer durables, and scientific equipment industries.

Turbomolecular Pumps Market Segment Analysis

The immunoassay analyzers market is segmented by product, by end-user, & by region.

Insights by Product

Based on product, the turbomolecular pump market is segmented into magnetically levitated, hybrid and oil lubricated. In the year 2020, the hybrid segment accounted for the largest market share and is projected to hold the market dominance over the forecast period accounting for its properties such as high pumping speed, optimum compression ratio, and minimum residual vibration.

Insights by End-User

Based on end-user, the market is bifurcated into analytical, instrumentation, semiconductor, R&D, and Others. In the year 2020, the semiconductor segment led the market owing to increasing demand for turbomolecular pumps and significant investment by leading players in the semiconductor market for product development.

Turbomolecular Pumps Market Regional Analysis

Asia-Pacific has a large share of the worldwide market and is expected to grow at the fastest rate during the forecast period. Middle East & Africa is projected to witness significant growth opportunities with technological advancement and increased demand for semiconductors and flat-panel displays in the regions, North America and Europe have significant growth potential with favorable government policies and investment by leading market players in the countries such as U.S., and Canada. In addition, the U.S. was one of the world’s major contributors to R&D spending in 2020. The R&D industry, which employs turbomolecular pumps in its activities, is expected to drive market expansion.

Competitive Insights

The turbomolecular pumps market is highly competitive in nature with global companies competing with regional players. Key players operating in the turbomolecular pumps market are Agilent, Atlas Copco, Busch Group, Ebara Technologies, Inc., KYKY Technology Co. LTD., Osaka Vacuum, Ltd., Pfeiffer Vacuum GmbH, Shimadzu Corporation, Ulvac, Welch. among others. (20+ Companies profiled in the final report)

Prominent players in the turbomolecular pumps market are focusing largely on mergers, acquisitions, partnerships, and portfolio expansion to gain a competitive edge and grab untapped market opportunities.

Turbomolecular Pumps Market Report Coverage

Global Turbomolecular Pumps Market, by Product

• Magnetically Levitated
• Oil Lubricated
• Hybrid

Global Turbomolecular Pumps Market, by End-User

• Analytical Instrumentation
• Semiconductor
• R&D
• Others

Global Turbomolecular Pumps Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
• Asia Pacific
  • China
  • South Korea
  • Japan
  • Australia
  • Malaysia
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
• South America
  • Brazil
  • Argentina