Vacuum Ejectors Market Size, Share, Growth, and Industry Growth, By Type (Single Stage Vacuum Ejector and Multi-Stage Vacuum Ejector), By Application (Electronics, Process Industry, Refining, and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Vacuum Ejectors Market REPORT OVERVIEW

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The global vacuum ejectors market size was USD 220.5 Million in 2022 and market is projected to touch USD 305.8 Million by 2031, at a compound annual growth rate (CAGR) of 3.7% during the forecast period.

Vacuum ejectors remove vapors or gasses from the process operation to generate a vacuum in the reactor. The suction flow is then compressed at high pressure. It is widely used in refining, electronics, processing industries, and others. It is a vacuum pump type and operates on the venturi effects principle. The present fluid in this ejector flows through a jet nozzle into a tube and expands its area of the cross-section. Generally, there are three types of vacuum ejectors: water aspirator, air ejector, and steam ejector. 

These ejectors are widely used in industries for various applications such as crystallization, distillation, vacuum impregnation, filtration, and others. The key end-use industries for vacuum ejectors include chemicals, petrochemicals, and edible oil. Pumping machines without moving parts are called ejectors. The ejectors use either gas or fluid as a driving force. A steam ejector is a type of ejector that uses fluid. Air is the only thing that can exist in a vacuum. A space having air pressure that is lower than atmospheric pressure is referred to as a vacuum. A vacuum ejector is a device that expels material using compressed air at high pressure. The convergent nozzle is the next stop for the compressed air before it is converted to velocity energy. A small ejector with air-saving controls uses less compressed air than a normal vacuum ejector.

COVID-19 Impact: Market Shutdown Affected the Growth Rate

Industrial activity has been significantly impacted by the COVID-19 pandemic, with supply chain disruption and output production rate in a reduced state as a result of limitations placed in place by regional governments. The vacuum ejector market has also been impacted proportionally by the oil business. Although the industry is preparing for the immediate impact, the Vacuum ejector market is anticipated to experience the desired growth in the next quarter thanks to steps taken by regional governments for the recovery of industrial operations and investments.

LATEST TRENDS

"Product Demand from Various Industries to Cater Market Growth"

The vacuum ejector market growth is expected to be driven by demand from the oil and gas industry in midstream processes. Sales of both new and retrofit products are anticipated to contribute to market expansion. The metallurgy sector, where vacuum ejectors are utilized for the metal vacuum degassing process, has also significantly contributed to the expansion of the vacuum ejectors market. The edible oil business is predicted to offer the most potential for growth in the foreseeable future because its consumption and rate of expansion will be unaffected, which will help the vacuum ejectors market expand.

Vacuum Ejectors Market Segmentation

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• By Type Analysis

By type, the market is segmented into single-stage vacuum ejectors and multi-stage vacuum ejector.

• By Application Analysis

Based on application, the market is classified into electronics, process industry, refining, and others.

DRIVING FACTORS

"Expansion of Metallurgy Industry to Boost Product Demand"

Use of vacuum ejectors in the metallurgy industry is estimated to surge the demand for the product in the market. These ejectors are used in train braking systems, which are made mandatory in various regions. It uses steam pressure to get the air out of the reservoirs of the train brake and vacuum pipe. Steam locomotives with a steam-ready source developed ejectors without moving parts and rugged simplicity. The steam locomotive generally has a large ejector and an exhaust system. The exhaust from ejectors is consistently directed toward the smokebox and helps in assisting the blower in fire and draughting. These factors are anticipated to foster vacuum ejectors market growth.

"Rapid Adoption of the Product in End-Use Industries to Propel Market Growth"

The vacuum ejectors are widely used in various industries such as electronics, refining, process industry, and others. It is used in industries to transport and compress the weight of induced fluid with the help of suction pressure to exit pressure. The ejector helps to gain a large range of suction pressure from atmospheric down to one micron of absolute mercury. These factors are anticipated to surge growth in the market.

RESTRAINING FACTORS

"High Cost of Maintenance to Challenge Market Growth"

Vacuum ejectors are used in various industries and need to be changed to maintain the quality of the water. Depending on the product type and technology used in the ejector systems, different ejectors have different criteria for replacement. As a result, the vacuum ejector’s overall maintenance expense significantly rises. As a result, one of the biggest obstacles to market growth.

Vacuum Ejectors Market REGIONAL INSIGHTS

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"North America to Lead Market Due to the Rising Expansion of Industrial Sector"

North America is estimated to hold the largest part of the vacuum ejectors market share owing to the growing demand and slow rate of investment in the industrial sector. The region is forecasted to hold more than 40% of the overall vacuum ejectors market share.

Asia Pacific is likely to show significant growth in the global market due to the rising growth and investment in the establishment of oil refineries and process industries.

KEY INDUSTRY PLAYERS

"Key Players Working To Produce Cutting-Edge Technology to Expand Their Market"

Businesses are developing the latest technology to provide simpler ways to broaden their product offerings. Businesses also use cutting-edge methods and procedures to develop new technology. Key players are constantly emphasizing on the development of advanced products to gain traction in the market. Key companies are increasing their investments in developing efficient medicine coupled with favorable trade policies for the transportation of products. Key players are striving to develop and launch various derivatives of tablets to gain traction in the global market. Companies are creating diversification in product portfolios to prove themselves better than the other players existing in the global market. The key companies are focusing on gaining collaborations and mergers in the global market to gain growth in the vacuum ejectors market. 

List of Market Players Profiled

• SMC Corporation (Japan)
• Festo AG (Germany)
• Gardener Denver (U.S.)
• Schmalz (Germany)
• Graham Corporation
• GEA Group (Germany)
• Körting Hannover (U.S.)
• Osaka Vacuum (Japan)
• Transvac Systems (U.K.)
• Piab (U.S.)
• AB Progetti (Italy)
• Mazda Limited (Japan)
• Schutte & Koerting (U.S.)
• Chelic (China)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research. The market insights are prepared by utilizing large sample sizes for data-gathering modules. The study provides in-depth market insights. The stage includes gathering market data or related data using a variety of sources and tactics. It involves going over and organizing all the information gathered during the previous advance. It also covers the investigation of information discrepancies found across various information sources. Market statistical and coherent models are used to assess and estimate market data.