Vacuum Pumps Market to Reach $7.57 Billion by 2030

Meticulous Research®, a leading global market research firm, has unveiled a 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."
The vacuum pumps market is projected to expand from an estimated $5.51 billion in 2023 to $7.57 billion by 2030, achieving a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2023 to 2030. This growth is driven by the increasing use of vacuum pumps in the mining industry, their growing importance in the chemicals industry, and the expansion of the automotive sector. However, the high power consumption of vacuum pumps poses a challenge to market growth.
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