Posted 3/7/2024, 11:30:00 AM
Global Lab Vacuum Pumps Market to Reach $3.1B by 2031, Driven by R&D Growth and Rotary Vane Pump Dominance
- Global laboratory vacuum pumps market to reach USD 3.1 billion by 2031, growing at a CAGR of 5.1%
- Rotary vane vacuum pumps lead the market due to versatility, reliability and widespread use
- Rising R&D activities in pharmaceuticals, biotech and academia driving market growth
- North America dominates due to robust research and stringent quality standards
- Key players include Agilent Technologies, Atlas Copco AB, Ebara Corporation, Edwards Limited, and KNF Group