India Vacuum Pump Market (2022-2028) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT

India Vacuum Pump Market Synopsis

The India Vacuum Pump Market is anticipated to grow during the forecast period on the back of investments by the government and companies majorly in the chemical, pharmaceutical, semiconductor & electronics industries. In 2021, the government introduced the Production Linked Incentive scheme “National Programme on Advanced Chemistry Cell (ACC) Battery Storage” for manufacturing ACC batteries in India along with the promotion of electric vehicles, with an outlay of INR 18,100 crores (USD 2.3 Billion). Additionally, the market was impacted by COVID-19 and experienced a downshift in the first two quarters of FY 2020-21 as the government imposed a nationwide lockdown which halted trading activities and foreign trade as a result import of vacuum pumps was affected. However, As the lockdown measures were lifted by the government, the market bounced back in the second half of the year and witnessed rapid growth on account of an increase in demand for vacuum pumps in key sectors. 

According to 6Wresearch, the India Vacuum Pump Market revenue is projected to grow at a CAGR of 15.5% from 2022-2028. India Vacuum Pump Market witnessed rapid growth during past years owing to strong policy support from the government in the chemical & pharmaceutical, oil & gas industry and continuous expansion of the automobile fleet. In addition, the Indian government had announced an investment of INR 1 lakh crores (USD 12.5 Billion) for oil & gas projects. The rising investment in key application industries would further fuel the India vacuum pump market growth in the forthcoming period. The Vacuum Pump Market in India has been rising effectively and the future of the is very promising. This sector in India is one of the most vital parts of the Asia Pacific Vacuum Pump Market.

Market by Lubrication Types

In 2021 By lubrication types, Wet vacuum pumps accounted for the majority of revenue share owing to their low maintenance cost and affordability compared to dry vacuum pumps. A similar trend is expected in the forthcoming years on the back of their applicability in the oil & gas, and power generation industry. Dry vacuum pumps are also anticipated to grow.

Market by Types

Rotary vane acquired a significant chunk of revenues and volume in the India vacuum pump market by types in 2021, owing to its timeless operations, reliability, and economic efficiency. Further, rotary vane vacuum pumps are widely used in crystallization, drying, distillation, and vacuum filtration in the chemical & pharmaceutical sector. A similar drift is anticipated in the upcoming years on the back of considerable demand from various end-user industries such as semiconductors, solar, and chemical industries.

Market by End Users

The Chemical & Pharmaceutical industry garnered significant market revenue and volume share in 2021 owing to the broad applicability of vacuum pumps as they are an essential part of the production and packaging of drugs such as tablets and capsules. The same segment will continue to dominate the India Vacuum Pump Industry.

Market by Regions

In 2021, Southern region acquired the majority of revenue share in India vacuum pumps market as majority of pharmaceuticals companies are situated in south India, for instance, Telangana and Andhra Pradesh have the most pharma manufacturing in the country. Furthermore, South India has the highest food products and beverages manufacturing output. A similar trend is anticipated to continue in the coming years, with USD 1 billion investment by the semiconductor manufacturing company in Tamil Nadu, the demand for vacuum pumps from the southern region is expected to rise.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2022
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Historical Data and Forecast of India Vacuum Pump Market Volume and Revenues for the Period 2018-2028F
• Historical Data and Forecast of India Vacuum Pump Market Volume and Revenues, By Lubrication Types for the Period 2018-2028F
• Historical Data and Forecast of India Vacuum Pump Market Volume and Revenues, By Types for the Period 2018-2028F
• Historical Data and Forecast of India Vacuum Pump Market Volume and Revenues, By End Users for the Period 2018-2028F
• Historical Data and Forecast of India Vacuum Pump Market Revenues, By Regions for the Period 2018-2028F
• Market Drivers, Restraints
• Market Evolution and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Market Competitive Landscape
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Lubrication Types

• Dry
• Wet

By Types

• Rotary Vane
• Scroll
• Diaphragm
• Liquid Ring
• Turbomolecular
• Dry Screw
• Compressor

By End Users

• Oil and Gas
• Semiconductor & Electronics
• Chemical & Pharmaceutical
• Food & Beverages
• Ceramics Sanitary Industry
• Automotive
• Power & Energy
• Healthcare
• Others (Paper & Printing, Rubber & Plastics, Textile etc.)

By Regions

• Northern
• Southern
• Eastern
• Western