DUBLIN, Feb. 22, 2024 /PRNewswire/ -- The 'Global Central Vacuum System Market - Outlook & Forecast 2024-2029' report has been added to ResearchAndMarkets.com's offering.
The global central vacuum systems market was valued at USD 458.38 million in 2023 and is expected to grow at a CAGR of 11.33% from 2023 to 2029.
The global central vacuum systems market is highly competitive, with many vendors. Rapid technological improvements adversely impact market vendors as consumers expect continuous innovations and product upgrades. The present scenario drives vendors to alter and refine their unique value proposition to achieve a strong industry presence. Some of the major players dominating the global central vacuum systems market include Trovac, DrainVac, Nuera Air, Nilfisk Group, and Busch. These companies have established themselves as leading manufacturers of central vacuum units, accessories, and related products.
In Europe, the demand for central vacuum systems is experiencing an increase, driven by stringent hygiene standards in the food processing industry and concerns about air quality, and dominated the global central vacuum systems market share, accounting for over 38% in 2023. Germany and the UK are significant contributors to the central vacuum systems market during the forecast period, primarily due to the rising production of automobiles and residential construction.
Moreover, in North America, there is a surge in demand for central vacuum systems driven by heightened concerns regarding hygiene and sanitation and increased business activity in the region. In 2023, the U.S. will capture the highest share of the North American central vacuum systems market, fueled by consumer consciousness about hygiene and cleaning and a high disposable income. Furthermore, the growth of central vacuum systems in the APAC is attributed to the APAC's expansion of manufacturing and metalworking facilities.
Increases Demand for HEPA Filter
HEPA (High-Efficiency Particulate Air) filter in a central vacuum system can be beneficial for improving indoor air quality. HEPA filtration technology employed in these systems is designed to capture microscopic particles, including dust, pollen, pet dander, bacteria, and even viruses like those within the COVID family.
HEPA filters against the coronavirus; their ability to trap particles as small as 0.01 microns suggests that they can effectively filter out viruses like SARS, MERS, and the common cold, all part of the coronavirus family. Moreover, combining a central vacuum system with HEPA filtration offers additional features contributing to a healthier living environment. Some systems come equipped with sanitization capabilities, allowing for on-the-go disinfection to eliminate viruses resting on surfaces.
Increases Demand for Home and Business
The growing demand for home and business central vacuum systems significantly impacts how people approach cleanliness and convenience. Unlike traditional portable vacuum cleaners, the central vacuum systems market offers a more efficient and user-friendly solution by integrating a network of in-wall tubing connected to a powerful central unit. The desire for enhanced cleanliness and ease of use primarily drives this trend.
Homeowners and businesses alike are recognizing the advantages of central vacuum systems, such as reduced noise, improved air quality, and the elimination of the hassle associated with dragging a vacuum cleaner from room to room. The increased demand is also spurred by the rising emphasis on smart home technologies, as many modern central vacuum systems can be integrated into home automation systems.
High Maintenance of Central Vacuum Systems
The high maintenance costs associated with central vacuum systems can significantly impact their demand in the market. Consumers may be deterred by the expenses involved in repairing or servicing these systems, leading to a reduced adoption rate.
The perception of high maintenance costs can act as a barrier for potential buyers in the central vacuum systems market, influencing them to opt for alternative cleaning solutions with lower upkeep expenses. However, the higher cost of central vacuums can be attributed to their advanced features, more extensive coverage areas, and built-in installation, often resulting in increased suction power and overall efficiency.
INSIGHTS BY TYPE
In 2023, the bagless segment dominated the market, capturing a significant market share and exhibiting the highest segmental CAGR growth. This surge in demand for bagless central vacuum systems can be attributed to their convenience, ease of maintenance, and growing consumer preference for efficient and hassle-free cleaning solutions.
INSIGHTS BY INSTALLATION
The ground-mounted segment holds the highest share of the market in 2023. This surge in demand can be attributed to its versatile applications across diverse industries such as automotive, power plants, shipping, and more.
The prevalence of the ground-mounted central vacuum system underscores its efficiency and adaptability, meeting the evolving needs of critical sectors and establishing its position as a preferred choice for various industrial applications.
INSIGHTS BY CAPACITY
The more than 6,000 sq. ft. capacity segment held the most prominent share of the global central vacuum systems market 2023.
The large segment share is attributed to various factors, such as the need for efficient cleaning solutions in large houses, expansive manufacturing facilities, and other sizable spaces. The robust growth in this segment underscores the preference for central vacuum systems in the specific needs of spacious environments, reflecting a burgeoning trend in the market.
INSIGHTS BY END-USER
The non-residential segment dominates the global central vacuum systems market in the end-user segment in 2023. This substantial market share is attributed to increased demand across diverse industrial, hospitality, healthcare, commercial, and educational sectors.
The rising need for efficient and convenient cleaning solutions in non-residential spaces is a crucial driver, propelling the adoption of central vacuum systems within these sectors. The technology's versatility and effectiveness in meeting the unique cleaning requirements of industrial complexes, healthcare facilities, commercial buildings, and educational institutions contribute to its expanding industry presence and robust growth in the non-residential segment.
Industry Overview
- The Future of Centeral Vacuum Systems
- Investment in Central Vacuum System Products
- Cost Analysis
- Factors Associated with the Calculation of the Central Vacuum System Cost
Market Opportunities & Trends
- Growth in Demand for CVS with Hepa Filters
- Growth in Demand for Smart Vaccum Systems
- Introduction of Central Vacuum in Car Cleaning
Market Growth Enablers
- Increase in Demand for Home and Business Central Vacuum Systems
- Growth in Demand in Healthcare
- Rising Adoption of Innovative Technology
Market Restraints
- High Maintenance of Central Vacuum Systems
- Low Penetration in Developing Countries
- Alternatives of Central Vacuum Systems
Key Company Profiles
- Busch
- Drainvac
- Nuera Air
- Nilfisk Group
- Trovac Industries
Other Prominent Vendors
- AirVac Luft & Vacuumteknik
- ALFAVAC Central Vacuum Systems
- Allaway Oy
- Allegro Central Vacuum Systems
- Altomech
- American Vacuum Company
- Aqua-Air
- AutoVac
- Becker Pumps
- BGS General
- Broan-NuTone
- BVC EBS Distribution
- CentralVac International
- Crossvac Central Vacuum Systems
- Delfin
- Dint-Tech Control
- Disan
- DU-PUY
- Dynavac
- Elek Trends Productions NV
- Gary's VACUFLO
- Halton Group
- Homevac Technologies
- H-P Products
- Johnny Vac
- Lindsay Manufacturing
- ME Universal Engineering & Trading
- Medikar
- Nadair
- National Turbine
- Ness Corporation
- Powerex
- Prolux
- Republic Manufacturing
- RGS Vacuum Systems
- Ruwac USA
- Santoni Electric
- Soliroc Metal
- Techtronic Industries
- Toshniwal
- VAC-U-MAX
For more information about this report visit https://www.researchandmarkets.com/r/h6t54n
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