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Vacuum Pumps Market Edges Towards $7.57 Billion by 2030

The vacuum pumps market is anticipated to reach $7.57 billion by 2030, compared to $5.51 billion in 2023, marking a 4.6% CAGR between 2023 and 2030.<br>

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Vacuum Pumps Market Edges Towards $7.57 Billion by 2030

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  1. Vacuum Pumps Market to Reach $7.57 Billion by 2030

  2. Global Vacuum Pumps Market – 2023-2030 Meticulous Research® recently released a comprehensive report titled "Vacuum Pumps Market by Type (Gas Transfer Pumps, Gas Bindings/Entrapment Pumps), Lubrication (Dry Vacuum Pumps, Wet Vacuum Pumps), Pressure, End-use Industry, and Geography - Global Forecasts to 2030." According to the report, the global vacuum pumps market is poised to grow from an estimated $5.51 billion in 2023 to $7.57 billion by 2030, registering a CAGR of 4.6% during the forecast period. This growth is primarily driven by increasing adoption in the mining and chemicals industries, as well as expansion in the automotive sector. However, the market faces challenges such as high power consumption of vacuum pumps. Opportunities in the market include rising applications in seawater desalination and the photovoltaics value chain. Nevertheless, improper installation remains a significant hurdle to market expansion. The report segments the global vacuum pumps market by type, lubrication, pressure, end-use industry, and geography. It provides a detailed analysis of industry competitors, country-level markets, and regional dynamics. In terms of type, the market is segmented into gas transfer pumps, gas binding/entrapment pumps, and other vacuum pumps. Gas transfer pumps are expected to dominate the market in 2023 due to their efficiency in applications requiring high vacuum levels and low maintenance costs. By lubrication, the market is divided into dry and wet vacuum pumps, with wet vacuum pumps anticipated to hold a larger share in 2023. This segment is favored for its high pumping speeds and cost-effectiveness across various industries. Based on pressure, segments include rough vacuum, medium vacuum, high vacuum, ultra-high vacuum, and extreme high vacuum. High vacuum pumps are projected to lead the market in 2023, owing to their ability to achieve superior pressure levels compared to rotary vane pumps. The market's end-use industries encompass electronics & semiconductors, aerospace & defense, chemicals, automotive, healthcare, food & beverage, industrial manufacturing, oil & gas, mining, construction, energy & utilities, and others. In 2023, the oil & gas sector is expected to dominate due to the increasing demand for oil, gas, and petrochemicals globally. Geographically, the market spans North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to exhibit the largest market share in 2023, driven by technological advancements and rising manufacturing activities in pharmaceuticals, automotive, and chemicals. Key Players: Major players in the global vacuum pumps market include Atlas Copco AB (Sweden), Gebr. Becker GmbH (Germany), Flowserve Corporation (U.S.), Graham Corporation (U.S.), Ingersoll Rand Inc. (U.S.), EBARA CORPORATION (Japan), ULVAC, Inc. (Japan), Pfeiffer Vacuum Technology AG (Germany), Agilent Technologies Inc. (U.S.), Shimadzu Corporation (Japan), Kashiyama Industries, Ltd. (Japan), Wenling Tingwei Vacuum Equipment Co., Ltd (China), VACUUBRAND GMBH + CO. KG (Germany), Gast Manufacturing, Inc. (U.S.), KNF DAC GmbH (Germany), Busch Dienste GmbH (Germany), and GlobalVac & Air (U.S.). Download Sample Report Here:https://www.meticulousresearch.com/download- sample-report/cp_id=5500 Key Questions Answered in the Report: 1.What are the high-growth market segments in terms of type, lubrication, pressure, end-use industry, and geography? 2.What is the historical market size for vacuum pumps globally? 3.What are the market forecasts and estimates for 2023–2030? 4.What are the major drivers, restraints, opportunities, and challenges in the global vacuum pumps market? 5.Who are the major players in the market and what are their market shares? 6.How competitive is the landscape for the global vacuum pumps market? Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com

  3. Global Vacuum Pumps Market – 2023-2030 7.What recent developments have occurred in the global vacuum pumps market? 8.What strategies have major players adopted? 9.What are the key geographic trends and which countries show high growth potential? 10.Who are the emerging local players in the global vacuum pumps market and how do they compete with others? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com

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