Focus on Sustainability Stimulating Adoption of Vacuum Pumps Complying with Ambitious Sustainability Goals, Fact.MR Report
Focus on Sustainability Stimulating Adoption of Vacuum Pumps Complying with Ambitious Sustainability Goals, Fact.MR Report
According to a recently revised study published by seasoned analysts at Fact.MR, worldwide revenue from the sales of vacuum pumps is poised to reach US$ 817.1 million in 2024. The global vacuum pump markethas been analyzed to increase at a CAGR of 7.1% from 2024 to 2034.
Rapid technological advancements in vacuum pumps are playing a significant role in driving market growth and encouraging businesses to become more sustainable and efficient. Development of energy-efficient pumps, oil-free designs, and advanced monitoring systems is changing traditional pump operations. These advancements not only help in improving pump performance and efficiency but also significantly reduce energy usage and its detrimental impact on the environment. By addressing important industry concerns such as energy efficiency and sustainability, these advancements are increasing usage in several industries, including mining, food & beverages, aerospace & military, and healthcare.
Key Takeaways from Market Study:
“Vacuum pumps being increasingly used in laboratories, hospitals, and medical equipment for tasks such as suction, sterilization, and anesthesia,” says a Fact.MR analyst
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Leading Players Driving Innovation in theVacuum Pump Market
ULVAC; Atlas Copco; Pfeiffer Vacuum GmbH; Tuthill Corporation; Busch Vacuum Solution; Leybold GmbH; Gebr. Becker GmbH; KNF Neuberger Inc.; Ebara Corporation; Sihi Group B.V. (Flowserve); Vooner FloGard Corporation.
Rising Sales of Positive Displacement Vacuum Pumps Driven by Their Versatility and Durability
Need for positive displacement vacuum pumps is rising due to their versatility, durability, and ability to handle a wide range of applications across several industries. These pumps are particularly useful for processes requiring high vacuum levels or handling harsh or condensable gases. Positive displacement vacuum pumps are preferred because they achieve and maintain the required high vacuum levels with minimal pollution in industries such as semiconductor manufacturing, vacuum coating, and analytical equipment. Because of their sturdy construction and simple design, vacuum pumps are ideal for handling corrosive gases and particles since they require little maintenance and provide dependable performance.
Vacuum Pump Industry News:
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More Valuable Insightson Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the vacuum pump market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on pump type (positive displacement, dry, centrifugal, momentum transfer, regenerative application), lubrication (dry, wet), application (assembly, conveying, dehydration/drying, engine testing, evaporation & distillation, filling, holding/chucking, manufacturing, material handling, thermoforming), mechanism (gas transfer, gas binding), pressure (rough, medium, high, ultra-high, extremely high), and end-use vertical (aerospace & defense, automotive, chemicals & petrochemicals, electronics & semiconductors, food & beverages, healthcare & pharmaceuticals, mining & construction, oil & gas, packing, power generation), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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Positive displacement pumps are a type of pump that moves fluid by trapping a fixed amount and forcing it into the discharge pipe. They are known for their efficiency in creating high vacuum levels.
Market valuation refers to the process of determining the current worth of a company or asset based on its market price. It is often used to assess investment opportunities.
Sustainability in business refers to conducting operations in a way that is environmentally responsible and resource-efficient, ensuring long-term viability and minimal negative impact on the environment.
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