Rotary Vane Vacuum Pump Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The rotary vane vacuum pump market is expected to register a CAGR of 4% during the forecast period (2021 - 2026). Vacuum pumps have had a substantial demand from various end-user verticals, as the operations involved in these verticals are incredibly susceptible to corrosion, due to constant exposure to several harsh environments. This is emphasizing the need for vacuum pumps to comply with various industry regulations. A rotary vane vacuum pump is an oil-sealed rotary displacement pump with a system comprising of housing, an eccentrically installed rotor, vanes that move radially under spring force, and the inlet and outlet. The outlet valve is generally oil-sealed.
Key HighlightsThe rotary vane vacuum pump market is quite consolidated, with the majority of the market occupied by few players in the market. Technological advancements in their product line are bringing sustainable competitive advantage to the companies, and the market is also witnessing upgradation of the existing product portfolio. The market is also witnessing various mergers and acquisitions.
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