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Jun 03, 2022, 04:15 ET
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NEW YORK, June 3, 2022 /PRNewswire/ — One of the key trends in the industrial vacuum pump market growth is the rise in the electrification of mechanical components. Electric power steering (EPS) responds more quickly and efficiently. It uses software such as parking assistance and lane-change assists. In EPS, steering wheel movements are converted into electronic signals. These signals control the electric motors responsible for moving the wheels. Such advantages are expected to drive market growth during the forecast period.
The industrial vacuum pump market size is expected to grow by USD 1.16 billion from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 5.03% during the forecast period.
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The increasingly stringent regulations in the food and beverage and pharmaceutical industries are driving the industrial vacuum pump market growth. Regulatory agencies impose high penalties and advise product recalls if product quality, hygiene, and cleanliness are not maintained. For instance, the US FDA has advised pharmaceutical manufacturers to adopt measures and protocols to prevent water-borne contaminants in their production processes.
The industrial vacuum pump market report covers the following areas:
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The industrial vacuum pump market is fragmented. Vendors are deploying growth strategies such as product differentiation through technological innovations to compete in the market. The global industrial vacuum pump market has some well-established players that design and manufacture industrial vacuum pumps for various applications such as automotive, food and beverages, and oil and gas. Prominent vendors are making use of advanced materials solutions and technology to improve the working efficiency of industrial vacuum pumps and related components.
Agilent Technologies Inc., Atlas Copco AB, Becker Pumps Corp., Busch Dienste GmbH, Cutes Corp., Dekker Vacuum Technologies Inc., Ebara Corp., Graham Corp., IDEX Corp., Ingersoll Rand Inc., KNF DAC GmbH, OC Oerlikon Corp. AG, Pfeiffer Vacuum Technology AG, Samson Pump AS, Technika Chlodzenia Spolka z o.o., Tsurumi Manufacturing Co. Ltd., Tuthill Corp., ULVAC Inc., Vooner FloGard Corp., and PPI Pumps Pvt. Ltd. are among some of the major market participants.
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Industrial Vacuum Pump Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.03%
Market growth 2022-2026
USD 1.16 billion
YoY growth (%)
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 48%
Key consumer countries
US, China, Japan, South Korea, and Germany
Leading companies, competitive strategies, consumer engagement scope
Agilent Technologies Inc., Atlas Copco AB, Becker Pumps Corp., Busch Dienste GmbH, Cutes Corp., Dekker Vacuum Technologies Inc., Ebara Corp., Graham Corp., IDEX Corp., Ingersoll Rand Inc., KNF DAC GmbH, OC Oerlikon Corp. AG, Pfeiffer Vacuum Technology AG, Samson Pump AS, Technika Chlodzenia Spolka z o.o., Tsurumi Manufacturing Co. Ltd., Tuthill Corp., ULVAC Inc., Vooner FloGard Corp., and PPI Pumps Pvt. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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