Throughout the anticipated period, rising energy demand is anticipated to fuel market expansion for MEA hoover pumps. Over the projected period, the expansion of the MEA hoover pumps market is anticipated to be fueled by the recovery of significant project activity following an economic slump. The GCC nations are anticipated to be among the leading nations in the MEA market and to have a sizable share during the forecast period. This is a result of the oil and gas industry's rising demand for vacuum pumps. The GCC nations are anticipated to see strong demand in the MES region and to maintain a dominant position over the anticipated period, followed by Iran, Iraq, and South Africa, in that order. In 2030, GCC nations are anticipated to have a commanding position in the MEA Vacuum Pumps market. The three primary sub-segments of vacuum technology/components are vacuum pumps, vacuum instruments, and vacuum hardware.
According to Coherent Market Insights, The MEA Vacuum Pumps Market was estimated to be worth US$ 404.9 Mn in 2021 and is anticipated to increase to US$ 1,050.71 Mn by 2030, expanding at a CAGR of 11.4% between 2022 and 2030.
Prominent Companies in the MEA Vacuum Pumps Industry:
1. Gardner Denver, Inc.
The business was established in 1859 and is situated in North Carolina, United States. The business offers industrial items and flow creation. The acquisition of the French manufacturer Airmax Groupe and the Indian blower and hoover system maker Everest Group by the firm was announced in October 2022. Club Car, once a division of the company's Specialty Vehicles Technologies, was sold to Platinum Equity Advisors in June 2021 for $1.68 billion.
2. Pfeiffer Vacuum GmbH,
The business was established in 1890 and is based in Germany. One of the top producers, suppliers, and developers of vacuum solutions globally is Pfeiffer Vacuum. The business produces vacuum generation, measurement, and analysis systems and parts, as well as semiconductors, thermally insulated glasses, coatings for high-stress mechanical tools, processors, solar cells, and eyewear.
3. Ebara Corporation
The company was established in 1912 and has its headquarters in Tokyo, Japan. The company manufactures industrial and environmental machinery, including pumps and turbines. Ebara Corporation (EBARA) developed a separate website for aerospace technologies in September 2022. The business started working on developing motor pumps for rocket engines in 2022.
4. ULVAC, Inc.
The business was established in 1929 and has its main office in Kanagawa, Japan. The business offers goods for thermal processing, materials characterization, vacuum pump and leak detector repair, as well as wholesale and distribution of industrial equipment and componentry. The uGmni Series Custer System, which combines deposition and etch modules, was introduced by ULVAC in January 2021. ULVAC will expand the process capability of its production-tested Optima Dry Strip Systems in 2021.
5. Dekker Vacuum Technologies, Inc.,
The business was established in 1998 and has its main office in Indiana, United States. The business offers liquid ring, rotary van and large capacity pumps and compressors, as well as water and solvent sealed liquid ring vacuum pump systems. It also supplies industrial vacuum pumps and compressors.
6. Graham Corporation,
The company was established in 1936 and is based in New York, United States. The Graham Corporation is a well-known global designer and producer of vacuum and heat transfer equipment for the industrial and energy industries. Graham Corporation released a new strategic plan in June 2022 that is anticipated to promote organic growth and margin expansion. Barber-Nichols Inc. was purchased by Graham Corporation in June 2021 for $70 million.
7. Atlas Copco AB,
The business was started in 1873 and has its headquarters in Sweden. It produces machinery and industrial tools. The Atlas Copco firms design, produce, provide service for, and rent out construction and assembly systems, air compressors, and industrial tools. In order to strengthen its position in automation in 2020, Atlas Copco bought Isra Vision in February and Perceptron in September.
*Definition: A vacuum pump is a tool that removes gas molecules from a sealed space to partially generate a vacuum. The vacuum pump consists of various pump types that operate within a typical pressure range.
