Market Trends of Vacuum Pump Industry
This section covers the major market trends shaping the Vacuum Pump Market according to our research experts:
Rotary Vane Pumps to Witness Significant Growth
- The rotary vane pumps are the most advantageous of all pumps. With these pumps, automakers can make different products that allow the movement of fluids, including automatic transmissions, brakes, power steering systems, and more. Even the aviation industry relies on rotary pumps for various aspects of airplanes.
- According to ACEA, monthly passenger car sales in Europe in April 2022 accounted for 8,31,000 units. Traditionally, European vendors dominated the rotary vane vacuum pump market, such as Atlas Copco, which acquired various pump businesses to increase its foothold. However, these companies reported revenues closer to their domestic revenues.
- Rotary vane pumps are widely used in the industrial field as a vital vacuum pump type. It is also a rapidly developing vacuum pump type with a functional structure.
- Along with the advances in rotary vane pump performance, industrial robots, microelectronics, computers, intelligent and image sensing technology, and other high and new technology in the pump industry are widely used in the market. Over the coming years, the research and development of rotary vane vacuum pumps will be focused on increased speed, enhanced functionality, and control.
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Food and Beverage to Hold Significant Share
- In the food industry, more than one billion tons of food are lost or wasted worldwide. Through vacuum pumps, food is better preserved, and billions of dollars are saved in the industry. The vacuum pumps create air-tight food packaging seals, which can reduce the growth of bacteria and mold. Vacuum pumps can also leverage optimal cooling to keep fruits and vegetables fresh and healthy directly after harvest.
- According to Office for National Statistics (UK), consumer spending on food and beverage in the United Kingdom reached almost GBP 118 billion (~USD 159 billion) last year. In the food manufacturing sector, optimizing and improving the processing systems' efficiency, then using a vacuum pump is an ideal solution.
- According to the Government of Canada, in February 2022, Germany was expected to be the largest market for food and agricultural products in the European Union. The German market offers good opportunities for Canadian exporters of consumer-oriented food and agriculture products, particularly nuts, fish and seafood products, dried fruits, sauces and condiments, bakery products, and organic products. Vacuum pumps are essential in the food process to help remove the entrails from packaged meats. The efficiency of this process can lead to higher food quality, excellent sanitation, and increased operational productivity, resulting in a significant increase in vacuum pump demand.
- The vacuum pumps drying can quickly preserve meat and vegetables by sustaining a maximum pressure where the items are preserved, and the water evaporates, creating a firm seal. According to the Istat, the total monthly household consumption expenditure on vegetables in Italy totaled around EUR 64.81 (~USD 66.58) last year. Moreover, the average monthly consumption expenditure of meat products stood at EUR 100.14 (~USD 102.87) last year.
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