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The industrial vacuum pump market size is forecast to increase by USD 1.44 billion, at a CAGR of 5.63% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand in various industries such as medical, seawater desalination, and photovoltaics value chain. The market is driven by operational issues in these industries, necessitating the use of advanced vacuum technologies. One such technology is the rotary vacuum pump, which is gaining popularity due to its positive displacement system and braking system. These systems ensure efficient and reliable vacuum generation. Additionally, the trend towards electrification of mechanical components in industries is leading to the development of electric vacuum pumps. Strict regulations in the food and beverage and pharmaceutical industries are also driving the market, as these industries require stringent vacuum applications for their processes.
Furthermore, the automotive industry's demand for vacuum technologies in power steering systems, automatic transmissions, and supercharging systems is also contributing to market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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