Central Vacuum Cleaner Sales to Hit Nearly $949M by 2030
The projection represents an 11% increase in CAGR since 2021.
According to a report published this month by research firm P&S Intelligence, the global market for central vacuum cleaner systems is expected to hit almost US$949 million by 2030. That amount represents an 11.1% increase in the compound annual growth rate (CAGR) since 2021, when sales reached nearly $369 million.
Reasons cited by the report for the growth included the continued implementation of green technologies, rising efforts toward improving hygiene in commercial buildings, and increasing demand for indoor-air cleaners, as well as expected international regulations regarding vacuum systems.
Health Care Expected to See the Highest Industry Growth
When comparing wall-mounted systems versus ground-mounted systems, the report predicted greater growth in the latter category, as the superior suction power of ground-mounted systems make them a popular option for hospitals and commercial buildings with more than 6,000 square feet.
Hospitals and other health care facilities such as clinics, pharmaceutical labs, manufacturing sites, and medical research centers will most likely see the highest growth of central vacuum use, as these systems can collect and safely remove harmful substances and toxic waste, while helping to avoid cross-contamination. Already, the systems experienced a surge in use at such facilities during the COVID-19 pandemic.
Beyond health care facilities, other non-residential users of central vacuum cleaners typically include those that utilize large commercial spaces, most specifically industrial sectors such as manufacturing, automotive, electronics, and aviation. The fact that some central vacuum models are designed to resist explosion also makes them a safer choice for chemical manufacturers. Plus, according to the study, these systems can reduce maintenance costs as well, making them an attractive choice for both safety and financial reasons.
Australia Projected to Edge Out China in Faster Growth Globally
The report cited China as the current largest revenue contributor to the market, due to its trend of higher use in carpeting, both in residential and commercial spaces. However, it’s expected that the Australian market will demonstrate the fastest growth in the next eight years, in part because of the country’s investments in infrastructure and increasing attention to green cleaning initiatives.