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Industrial Vacuum Pump Market Trends

Report ID: GMI10607
Published Date: Aug 2024
Report Format: PDF

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Industrial Vacuum Pump Market Trends

The industrial vacuum pump industry is changing rapidly, focusing on better efficiency and advanced technology. Modern vacuum pumps now use IoT and Industry 4.0 features, which allow for predictive maintenance and real-time performance monitoring. This technology improves automation and control systems, leading to better process control, higher efficiency, and less need for human intervention. Additionally, the demand for energy-efficient vacuum pumps is growing due to strict energy regulations and sustainability goals.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of industrial vacuum pump was worth about USD 7.2 billion in 2023 and is anticipated to register 5.1% CAGR between 2024 and 2032, driven by its critical applications across various industries.

The oil rotary pump segment in the industrial vacuum pump market generated USD 2.4 billion in 2023 and is expected to grow at 4.8% CAGR during 2024 to 2032, due to its robust performance and reliability in various applications.

Asia Pacific industrial vacuum pump market generated USD 2.7 billion in 2023 and is expected to reach USD 4.3 billion by 2032, attributed to rapid industrialization and expanding manufacturing.

Agilent Technologies, Atlas Copco AB (Edwards), Becker Pumps Corporation, Busch Vacuum Solutions, Ebara Corporation, Flowserve Corporation, Gardner Denver, Global Vac, and Graham Corporation among others.