Rising Demand Propels Dry Vacuum Pumps Market to Projected Revenue of US$ 3.8 Billion by 2032 - Future Market Insights Analysis

The dry vacuum cleaner market is projected to grow at a CAGR of 4.3% over the course of the forecast period, from a value of US$ 2.35 billion in 2021 to US$ 3.8 billion by 2032.

According to Future Market Insight's study and comparison of the market dynamics and leading market trends of the dry vacuum pumps, it has been revealed that the market is primarily impacted by electronics and semiconductor supply and demand. Certain macroeconomic factors are responsible for predominantly influencing the dry vacuum pumps market including development in the electronics and semiconductors and pharmaceutical and chemical industries along with certain innovation factors. 

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According to the FMI analysis, the change in BPS values noticed in the market for dry vacuum pumps in H1, 2022 - Outlook compared with H1, 2022 projected CAGR, is expected to be at a 42-unit decline. In comparison to H1-2021, the market is anticipated to decline by 30 basis points in H1-2022 as per the current estimation.

Key Takeaways From the Market Study:

Dry vacuum pumps are majorly utilized for vacuum drying, mixing, de-aeration, and filtration. Another vital usage of dry vacuum pumps is in particle conveying and material handling. Dry pumps are also used in scientific instruments, such as laser scanning microscopes. According to historical estimations done by FMI, the global dry vacuum pumps market witnessed a growth rate of 5.8% over the period of 2013 to 2021.

Electronics and semiconductor products are witnessed as common products due to which the industry is adopting dry vacuum pumps for related applications including coating and drying. The predominant usage of dry vacuum pumps is in end-use industries, such as electronics and semiconductors, and pharmaceutical and chemical industries.

Traditionally, all industrial operations took place with the help of oil-filled dry vacuum pumps. However, the urgent need for safety and cleanliness is driving the adoption of oil-less dry vacuum pumps for industrial and laboratory applications. Over the assessment period ranging from 2022 to 2028, global dry vacuum pump sales are anticipated to surge at a 6.1% CAGR.

Since the inception of dry vacuum pumps, it has evolved into a high-value market and has been witnessing a healthy growth rate in the current scenario. It is expected to witness robust growth during the forecast period.

In order to promote energy saving during operations and to keep the noise levels in check, dry running and contact-free dry pumps are anticipated to emerge as a lucrative solution over the last more than two decades all over the world.
Some of the primary benefits associated with dry vacuum pumps incorporate steady performance, clean quality vacuum, easy integration and installation, sound shelf life, wide-opening doors, and a removable rear panel, which facilitates maintenance, and access to real-time data with no time gap. Owing to these aforementioned factors, the global dry vacuum pump market is anticipated to have opulent growth in the near future.

Key Companies Profiled:

Eriez
Carrier Vibrating Equipment, Inc.
General Kinematics
Fortville Feeders, Inc.
Vibrating Flight Systems Inc.
Home City Automation, Inc.
Vibrating Equipment, Inc.

Explore This Report From Different Publications:

Dry Vacuum Pumps Market:

1) https://www.prnewswire.com/news-releases/dry-vacuum-pumps-market-to-exhibit-us-3-22-bn-revenue-by-2028-owing-to-its-growing-popularity--future-market-insights-inc-301647215.html

Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

This release was published on openPR.