The global vacuum pump market was valued at USD 5.14 billion in 2020. It is expected to reach a value of USD 8.01 billion by 2026, registering a CAGR of 7.41% over the forecast period (2021-2026). The outbreak of the COVID-19 pandemic has affected the market for vacuum technologies in the initial months due to disruption of the supply chain and logistics. Still, later, it witnessed increased adoption of various other solutions. According to Altas Copco, order volumes for equipment also increased, mainly due to increased demand for vacuum equipment in the semiconductor industry. The order intake increased in Asia and Europe but decreased in North America. The overall growth was primarily driven by customers’ investments in new production technology and, to a certain extent, by investments in production capacity. With such a change in the vacuum equipment market, the vacuum pumps demand witnessed heightened demand.
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