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Wet Vacuum Pumps Market Trends

Report ID: GMI9988
Published Date: Jun 2024
Report Format: PDF

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Wet Vacuum Pumps Market Trends

There is a growing demand for energy-saving pumps in the market. This trend is driven by strict environmental regulations by governments. Manufacturers are focusing on producing pumps with energy-saving technologies that can reduce energy consumption and lower operational costs. For instance, Busch Vacuum Solutions has adapted the variable speed drive technology, which is a digital controller that regulates the rotational speed of a motor. It can be controlled as per the production need, enabling energy saving.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of wet vacuum pumps was worth over USD 1.99 trillion in 2023 and is projected to expand at 4.4% CAGR from 2024 to 2032, due to the growing electronics and semiconductor industry.

The liquid ring wet vacuum pumps industry accounted for USD 760.6 billion in 2023, owing to their versatility in handling the gases generated during the operations.

The plastic application segment in the wet vacuum pumps industry recorded USD 563.8 billion in 2023, as wet vacuum pumps are essential for removing moisture, making them attractive to plastic industries seeking efficient and cost-effective operations.

Asia Pacific wet vacuum pumps market accounted for 30.84% market share in 2023 and is estimated to depict significant growth between 2024 and 2032, due to the rapid industrialization and increasing semiconductor production in countries, such as Taiwan and South Korea.