India Industrial Vacuum Cleaner Market is Expected to grow at a CAGR of 9.4% During Forecast 2020-2026
The Indian industrial vacuum cleaner market is anticipated to grow at a considerable CAGR of 9.4% during the forecast period (2020-2026). The rapid industrialization activities across the country have raised the demands for quick cleaning equipment such as industrial grade vacuum cleaners, thereby driving the growth of the market. Additionally, the growing manufacturing sector of India by the increasing focus of the government coupled with the setting up of special economic zones (SEZs) and dedicated industrial corridors across the country is also expected to influence the growth of the market during the forecast period. For instance, in June 2020, the government of India launched a $6.65 billion plan as a production-linked incentive (PLI) to boost electronic manufacturing in India. By October 2020, 10 companies had got approval for the scheme which include global companies Samsung, Foxconn Hon Hai, Rising Star, Wistron, and Pegatron, and domestic companies such as Lava, Bhagwati (Micromax), Padget Electronics, UTL Neolyncs, and Optiemus Electronics.
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Moreover, the developing food & beverage
industry of the country will also aid the industrial vacuum cleaner market is
gaining substantial momentum owing to the health and safety requirement of the
industry. For instance, in August 2020, PepsiCo India has augmented the
investment in India from around $70 million to $110 million due to estimated
higher demand in the near future.
Similarly, the pharmaceutical clean rooms also
require a high level of hygiene environment. Therefore, the recent surge in the
pharmaceutical production industry with the new government aids is expected to
provide new expansion opportunities to the industrial vacuum cleaner market.
For instance, in June 2020, under the PLI scheme, the government of India the
government is also promoting domestic manufacturing of KSMs, Dis, APIs, and
medical devices and plan to boost domestic manufacturing of 53 bulk drugs. All
these companies have to follow certain hygiene and safety protocol related to
dust collections in the industry which will drive the demand for industrial
vacuum cleaners in India.
Market Coverage
·
The market number available for – 2019-2026
·
Base year- 2019
·
Forecast period- 2020-2026
Segment Covered-
·
By Product Type
·
By Mobility System
·
By End-User
·
Competitive Landscape- Alfred Karcher SE & Co. KG,
Delfin Srl, Eureka Forbes Ltd., Kevac SRL, Makita Corp.
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India Industrial vacuum cleaner Market Report Segment
By Product Type
·
Backup
·
Canister
·
Upright
By Mobility System
·
Stationary
·
Portable
By End-User
·
Chemicals & Pharmaceutical Industry
·
Food & Beverage Industry
·
Manufacturing & Metalworking
·
Building & Construction Industry
·
Others (woodworks industry, hospitality industry)
Company Profiles
·
Alfred Kärcher SE & Co. KG
·
Delfin Srl
·
Dongguan VILLO Environmental Protection Inc.
·
Dulevo SpA
·
Dynavac Pvt. Ltd.
·
Electrostar GmbH
·
Eureka Forbes Ltd.
·
IP Cleaning Srl (Tennant Company)
·
Kevac srl
·
Santoni Electric Co. P. Ltd.
·
SEBO Stein & Co. GmbH
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