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Dry Vacuum Pumps Market Size

Report ID: GMI9971
Published Date: Jun 2024
Report Format: PDF

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Dry Vacuum Pumps Market Size

Dry Vacuum Pumps Market size was valued at USD 3.9 Billion in 2023 and is estimated to grow at a CAGR of 5% from 2024 to 2032. Growth in various manufacturing sectors, such as automotive, aerospace, and electronics, increases the need for dry vacuum pumps for applications like coating, molding, and material handling which drives the demand for these pumps.

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Increasing investments in pharmaceutical and biotechnology sectors, which rely on dry vacuum pumps for processes like lyophilization, distillation, and sterilization, drive market growth. The chemical industry’s need for reliable, contamination-free, and maintenance-friendly vacuum solutions for various processes, such as solvent recovery and gas extraction, fuels demand. Rising demand for processed and packaged foods increases the need for vacuum systems in food processing and packaging, where dry vacuum pumps are preferred due to their clean operation. Increasing investments in pharmaceutical and biotechnology sectors, which rely on dry vacuum pumps for processes like lyophilization, distillation, and sterilization, drive market growth.

Dry Vacuum Pumps Market Report Attributes
Report Attribute	Details
Base Year:	2023
Dry Vacuum Pumps Market Size in 2023:	USD 3.9 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5%
2032 Value Projection:	USD 6 Billion
Historical Data for:	2021 - 2023
No. of Pages:	487
Tables, Charts & Figures:	428
Segments covered:	Product Type, Capacity, End-use, Distribution Channel, Region
Growth Drivers:	Increasing manufacturing activities Technological advancements Growing pharmaceutical industry Growing chemical industry
Pitfalls & Challenges:	Technical complexity Performance limitation in certain applications

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Advanced dry vacuum pump technology can be complex to understand and maintain, requiring specialized knowledge and training for installation, operation, and troubleshooting. Dry vacuum pumps may not be suitable for all vacuum applications, particularly those requiring very high vacuum levels or specific environmental conditions where oil-sealed pumps may perform better.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global dry vacuum pumps industry was valued at USD 3.9 billion in 2023 and is anticipated to register 5% CAGR between 2024 and 2032, driven by increasing manufacturing activities and technological advancements.

The mid capacity segment in the market held 47% revenue share in 2023 due to their critical role in food packaging, bioprocessing, and pharmaceuticals, driven by efficiency and regulatory demands.

North America dry vacuum pumps market size is expected to reach USD 1.2 billion by 2032 due to stringent regulations and growing biopharmaceutical manufacturing needs.

Agilent Technologies, Alfa Laval, Atlas Copco, Becker Vacuum Pumps, DEKKER Vacuum Technologies, Ebara Corporation, Edwards Vacuum, Flowserve Corporation, Graham Corporation, and Grundfos, among others.