Vacuum Cooling Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Vacuum Cooling Equipment Market
The vacuum cooling equipment market size was valued at USD 0.822 billion in 2022, and the market is now projected to grow from USD .847 billion in 2023 to USD 1.071 billion by 2030, exhibiting a CAGR of 3.4% during the forecast period of 2023-2030.
The global market for oils and fats stabilized in the last year due to saturation in the consumption of food and vegetables in the current pandemic scenario. These low-life products require more preservation and cooling techniques that assist lift the shelf life and freshness of the products. Liberalization of policies by the government and incentive-based plans offered to the business has boosted equipment application. Similarly, the enhanced market demand with a gradual increase in the penetration of private players that operate the cold chain industry has accelerated the vacuum cooling equipment market growth.
The availability of gluten-free healthy daily edible items like breads, pizza, cookies, and pies serves as a primary factor for the market growth of countries in the western and central region. As to the Asia Pacific zone, high vegetation and brilliant ideas such as the Agro accelerator fund by the Indian government to fill in cold chain players take a big share in pallet vacuum cooling equipment. Therefore, the increasing consumption of fresh fruits and Vegetables across the globe and the escalated government interest in the cold chain food infrastructure are boosting the demand for Vacuum Cooling in the market. Government policies for vacuum cooling equipment and rising demand for fresh food products to boost its vacuum cooling equipment market share.
Today’s increased global inflation and particularly high cost of food products is something that is being faced by the consumer directly which essentially increases shopping-related stress besides putting pressure on the food industry’s overall revenues and profitability. Additionally, the quality of the food industry has increasingly improved through digital penetration and literacy and the emergence of agri-tech startups which ensured food safety and changed the fresh food sector in terms of quality.
Comprehensive Analysis of Vacuum Cooling Equipment Market
The analysis of the current state and the further development of the vacuum cooling equipment market is concentrated on its size and opportunities together with major trends such as growth in demand for effective cooling solutions in the sphere of food products’ transportation and storage. The foremost market research focuses on the technologies used, the key players, and regional trends affecting the market for vacuum cooling systems. Moreover, it reveals the leaders, their positioning, the key initiatives, and the legal environment dictating the market development and evolution.
Among the world’s regions, Asia Pacific is expected to dominate the market and be valued at USD 0. 255 billion in 2022 because of government industry-oriented policies and programs.
Atlas Copco (Sweden), Verhoeven Family of Companies (Netherlands), Coldmaxx (China), ULVAC (Japan), Pfeiffer Vacuum (Germany), Focusun Refrigeration Corporation (China), Airtech, Inc. (New Jersey), ProXes Gmbh (Germany), WEC Group (U.K.), and Durrer Spezialmaschinen AG (Switzerland)are some major players in this industry. These groups of companies who are leaders within the discipline offer a stage playing field for all their competitors as they guarantee increase and set requirements for the arena.
In May 2022, Pfeiffer Vacuum launched a new touch point for leak detection and vacuum technology in the Indianapolis area. The company is recognized as one of the global elite vacuum and leak detection solutions suppliers to the semiconductor sector.
Segmentation Table
Global Vacuum Cooling Equipment Market Scope
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 3.4% from 2023 to 2030
Unit Value (USD Billion)
By Cooling Type Air Cooled
Water Cooled
By Type
Inline Type
Pallet Type
By Application
Fruits and Vegetables
Baked Products
Meat
Others (Flowers and Others)
By Region North America (By Cooling Type, By Type, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Cooling Type, By Type, By Application, By Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Russia (By Application)
- Rest of Europe
Asia Pacific (By Cooling Type, By Type, By Application, By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- South Korea (By Application)
- Australia (By Application)
- Rest of Asia Pacific
South America (By Cooling Type, By Type, By Application, By Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America
Middle East & Africa (By Cooling Type, By Type, By Application, By Country)
- GCC (By Application)
- South Africa (By Application)
- Rest of the Middle East & Africa
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