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Vacuum Pumps Market Trends

Report ID: GMI2667
Published Date: Jun 2024
Report Format: PDF

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Vacuum Pumps Market Trends

The demand for oil-free vacuum pumps is witnessing significant growth, driven by concerns over contamination, emissions, and operational safety. Industries such as pharmaceuticals, food and beverage, electronics, and laboratories are increasingly adopting oil-free vacuum pump technologies to ensure product purity, compliance with regulatory standards, and worker safety. Oil-free vacuum pumps offer advantages such as reduced maintenance requirements, minimized risk of oil contamination, and enhanced environmental sustainability.

Emerging economies in Asia-Pacific, Latin America, and Africa are witnessing rapid industrialization, urbanization, and infrastructure development, driving the demand for vacuum pump solutions. Rising investments in sectors such as automotive manufacturing, electronics production, healthcare, and wastewater treatment are fueling the growth of the vacuums pump market in these regions. Manufacturers are expanding their presence and distribution networks in emerging markets to capitalize on growth opportunities and cater to the evolving needs of local industries.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of vacuum pumps was reached USD 5.9 billion in 2023 and is estimated to grow at 5% CAGR during 2024 to 2032, owing to the increasing industrial applications.

The dry segment in the vacuum pumps market recorded USD 3.9 billion in 2023 and is expected to cross USD 6.2 billion by 2032, as they eliminate the need for lubricating fluids, reducing the risk of oil contamination and emissions into the atmosphere.

North America vacuum pumps market size was worth over USD 1.2 billion in 2023 and is likely to exceed USD 1.8 billion by 2032, attributed to the expansion of shale gas exploration, oil sands development, and renewable energy projects.

Agilent Technologies, Alfa Laval, Atlas Copco, Becker Vacuum Pumps, DEKKER Vacuum Technologies, Ebara Corporation, Edwards Vacuum, Flowserve Corporation, Graham Corporation, Grundfos, KNF Neuberger, Leybold GmbH, Tuthill Corporation, ULVAC, and Welch Vacuum.