What is the Impact of the COVID-19 Crisis on the Modular Vacuum Pumps Market?

Modular Vacuum Pumps Market: Introduction

Vacuum pump is a device that draws gas molecules from a sealed volume in order to leave behind a partial vacuum. The job of a vacuum pump is to generate a relative vacuum within a capacity. Vacuum pumps have a wide variety of material handling applications in a range of industries. Modular vacuum pumps are custom installed into any space and can be customized for making them suitable for special applications. They usually do not need any special fixing. They are designed to enable end-users get optimal performance and help prevent energy loss. Some of their key applications are in the area of healthcare (dental and medical). The advent of vacuum pumps technology with preset or custom-made programs has taken the flexibility of modular pumps a notch higher for end-users in areas such as pharmaceuticals, academic research, agriculture, packaging, and food testing.

Key Drivers of the Modular Vacuum Pumps Market

  • The rising demand for pumps that can be installed at ease, that help to reduce assembly time, and bring down the cost of the system is driving the demand for modular vacuum pumps globally. The increase in demand for modular vacuum pumps in spraying applications and tank depressurization is boosting the market.
  • Demand for easy prototyping of work pieces in end-use industries has also catalyzed the popularity of modular vacuum pumps in various parts of the world. Efforts by manufacturers of vacuum technology to incorporate advanced features to help in better flow channels is expected to pave the way for innovative applications across several end-use industries.

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Web-based tools such as vacuum calculation and simulation tools creating opportunities in the modular vacuum pumps market 

The modular vacuum pumps market is becoming more efficient with the introduction of new web-based tools. In 2020, vacuum technology specialist, Leybold, developed two new online tools to assist in customer pump choice and layout of complete vacuum systems – The Pump Finder and the calculation tool LEYCALC. With these new web-based tools, users can select and build their vacuum solutions online. Users with vacuum know-how can use LEYCALC to calculate the behavior and performance of vacuum systems in detail. Such creativity provides new opportunities for the product in the market.

Equipment malfunction such as leakage and high horsepower – restraints of the modular vacuum pumps market

Several factors govern and influence the performance of a vacuum system. It is important to periodically inspect the vacuum system and all its accessories including the upstream and downstream piping and equipment for leakages as it plays a major role in the performance of a vacuum system. Some of the most commonly observed problems in different kinds of vacuum pumps are high horsepower, leakage, noisy pump operation, vibration problems, etc. Any change in design conditions including utilities may have a direct impact on the performance of the unit. These factors act as restraints and hamper the growth of the modular vacuum pump market.

Asia Pacific the largest market

China, India, and Japan contribute the most to the modular vacuum pumps market. Integration of automation features and safety monitoring devices is creating promising avenues in the modular vacuum pumps market and offering new opportunities to drive demand in the region.

Key Players Operating in the Global Market

Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the modular vacuum pumps market are:

  • Busch France
  • Drägerwerk AG
  • General Europe vacuum
  • KNF
  • MEDICA
  • MIL’S
  • Novair Oxyplus Technologies
  • Precision UK
  • Oxyplus Technologies

Modular Vacuum Pumps Market: Research Scope

Modular Vacuum Pumps Market, by Product type

  • 1-workstation
  • 2-workstation
  • 3-workstation
  • 4-workstation
  • Others

Modular Vacuum Pumps Market, by Application

  • Industrial
  • Healthcare
  • Others

Modular Vacuum Pumps Market, by Distribution Channel

  • Online
  • Offline

The report on the modular vacuum pumps market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

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