Vacuum Degasser Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
However, as we move into the forecast period of 2023 to 2033, the demand for vacuum degasser systems is projected to witness a more significant surge. A rising emphasis on sustainability, combined with greater industrial automation, is expected to propel the market forward. Advancements in materials and energy-efficient technologies are anticipated to drive the adoption of these degassing systems across new verticals, particularly in the chemical and pharmaceutical industries. Key sectors are increasingly demanding higher operational efficiency, which boosts the potential market growth during this period. The global demand for vacuum degasser systems is forecast to grow at a CAGR of 5.2% between 2023 and 2033, driven by these innovations.
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The Vacuum Degasser Market has witnessed significant changes from 2018 to 2022, with evolving trends and growing demand in the industrial sector. Initially, vacuum degassing technologies were widely utilized in industries like petroleum, natural gas, and water treatment, ensuring the removal of gases from fluids. This process is crucial to enhancing the purity and quality of these fluids. During this period, the market saw steady growth driven by technological advancements, especially in oil and gas drilling operations, where vacuum degassing is essential to prevent issues like gas blockages in pipelines. The overall market growth rate stood at a compound annual growth rate (CAGR) of 3.5% between 2018 and 2022, which indicated the expanding need for such systems across various industries.
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M-I Swaco
Reflex
IMI(Hydronic Engineering)
Spirotech
Elgin
Derrick
TSC Group
Flacmo
GN Solids Control Co.
Ltd
DC Solid Control
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vacuum Degasser Market
Heating
Chilled Water and Solar Systems
Oil/Gas Mining
Others
Based on Types the Market is categorized into Below types that held the largest Vacuum Degasser market share In 2023.
Commercial Vacuum Degasser Tank
Gigantic Industrialized Degasser
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vacuum Degasser Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vacuum Degasser Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vacuum Degasser Market, By Type
6. Global Vacuum Degasser Market, By Application
7. Global Vacuum Degasser Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vacuum Degasser Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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