Automotive AC Vacuum Pump Market: Introduction:
Automotive AC vacuum pumps are used for vacuuming automotive air-conditioning systems to eliminate moisture or air that may damage the system in the long run. The moisture present in an AC system can hamper its performance and may also lead to freezing of the system due to condensation of the water present in moisture. Automotive AC vacuum pumps create a vacuum deep enough to boil the moisture away.
Automotive AC vacuum pumps are of two types: Venturi type vacuum pumps and Electric vacuum pumps. Venturi type vacuum pumps are also referred to as air powered vacuum pumps. Electric vacuum pumps are electrically powered vacuum pumps. For different type of vehicles, different sized vacuum pumps are used depending upon the requirement and CFM (Cubic feet per minute) rating of the automotive AC vacuum pump.
Furthermore, an automotive AC vacuum pump can increase the reliability and effectiveness of an AC system and is a low-cost method of maintaining an AC system..
Automotive AC Vacuum Pump Market: Dynamics:
An automotive AC vacuum pump not only protects the AC system from freezing up, it also protects the system from any kind of corrosion and damage from moisture. These pumps can increase the life of an AC system and are a cost-effective way of preventive maintenance. Electric vacuum pumps are more efficient than venturi-type vacuum pumps and can clear almost all of the moisture particles from an AC system easily.
Furthermore, in the growing automotive industry, the AC system is an essential element of any vehicle as the that demand for comfortable and convenient vehicles is increasing. This is expected to push the demand for automotive AC vacuum pumps for the maintenance of automotive AC systems over the forecast period.
However, venture-type vacuum pumps cannot boil off all of the moisture from the AC system and thus, they are less efficient. On the other hand, though electric vacuum pumps are effective, they are quite expensive. Additionally, new automotive AC systems do not require much maintenance. All of these factors are expected to hinder the growth of the automotive AC vacuum pump market over the forecast period.
Automotive AC Vacuum Pump Market: Segmentation:
The global market can be segmented by product type, end-use vehicles and region.
On the basis of product type, the global market is segmented into:
On the basis of end-use vehicles, the global market is segmented into:
Automotive AC Vacuum Pump Market: Regional Outlook:
The Asia Pacific automotive AC vacuum pump market is expected to grow at a significant growth rate as China and India are the leading countries in terms of automotive vehicles production and sales. The need of preventive maintenance in automotive AC systems for preventing any type of breakdown is expected to be a key factor contributing to the growth of automotive AC vacuum pump market over the forecast period.
North America and Europe are expected to register prominent growth owing to the growing automotive industry, which is expected to increase the demand for automotive AC vacuum pumps in the region. Middle East & Africa region will also witness decent growth in the automotive AC vacuum pump market over the forecast period.
Automotive AC Vacuum Pump Market: Market Participants:
Some of the market participants in the global automotive AC vacuum pump market are:
The research report presents a comprehensive assessment of the Automotive AC vacuum pump market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to automotive AC vacuum pump market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The application of vacuum pumps across wide range of industry verticals including power industry, semiconductor industry, chemical processing sector and oil & gas industry is driving the growth of the global market. The market is driven by the burgeoning demand for high quality pumps.
Semiconductor Industry Leads as End-Use
Semiconductor industry is expected to generate lucrative growth opportunities in the global market by the end of the forecast period. Experts suggest a surge in the demand for dry vacuum pumps during the forecast period with the growth of the semiconductor industry. These vacuum pumps are utilized to enhance the productivity of the semiconductors. The growing proliferation of smart devices is imparting exponential growth to the semiconductor industry across the globe which is expected to positively influence the demand for vacuum pumps in the forecast period. The escalating demand for packaged food and beverages act as major growth driver in the market. The enhanced application of cryogenics in the food & beverages sector is projected to generate some significant opportunities for the manufactures in the years ahead.
Different types of vacuum pumps gaining traction in the global market include dry vacuum pumps and gas capturing vacuum pumps. The former is gaining preference for low maintenance as compared to the other wet types. The clean and oil-free vacuum created by these pumps in the entire vacuum range is a sought after feature in many industries.
The vacuum pump market is facing major challenge in terms of high overall cost. The use of these pumps incur heavy maintain ace and operational expenses, which restrains their adoption rate in the market.
Regional Market Analysis
The increasing developments in the end-use industries is estimated to determine the growth of different regional markets. Emerging market such as LED lightings are projected to generate white spaces of growth for the market competitors. North America and Asia Pacific are expected to exhibit high growth rate during the forecast period on the back of flourishing end use industry verticals such as oil industry, chemical industry, pulp & paper industry and semiconductor industry. China is expected to emerge as a major market for vacuum pumps by the end of the forecast period as a leading producer in the paper & pump industry. China along with India is expected to grow at a promising rate with surging establishment of manufacturing facilities in these regions.
The prominent market players are investing in research & development activities to develop innovative products. They are focused to develop energy-efficient vacuum pumps to satiate the growing demand along with brining down the expenses. Established market players are expanding their market with mergers & acquisitions and technological developments. Market competitors are exploring profitability prospects in the growing semiconductor industries of regions such as China and India to enhance the sale of their products.
Leading players profiled in the global vacuum pump market include Oerlikon Corporate Switzerland, Tuthill Vacuum & Blower Systems, Dekker Vacuum Technologies, Inc., Ebara Corporation, Samson Pump A/S, Pfeiffer Vacuum GmBH, Kashiyama Industries, Ltd. and Vooner FloGard Corporation.