Vacuum Pans Market : Global Opportunity Analysis and Industry Forecast, 2020-2027

Vacuum pan is a vessel that contains a vacuum pump to evaporate a substance at room temperature. They are mostly used in the sugar mills. Vacuum pan acts as an evaporator by boiling the sugar syrup at a room temperature and forming sugar crystals. The size of vacuum pans mostly vary from 4.2 m to 5 m. While making jams, jellies, and other products, which contain sugar concentration, vacuum pans are used. The key advantage of vacuum pans is that it boils at normal room temperature, thus preventing damage to substances.

Market scope and structure

COVID-19 Scenario Analysis

• The demand for the vacuum pans is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from construction industries.
• COVID-19 pandemic has halted the production of various products in the vacuum pans industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of vacuum pans market significantly from last few months, as is likely to continue during 2020.
• COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth throughout the year. 
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top Impacting Factors: Market Scenario Analysis, Trends , Drivers, and Impact Analysis

Increase in population and more consumption of sugar are driving the market of vacuum pans. Growing number of food and beverages industries in Asia-Pacific countries like India, China, and Indonesia drives the market for vacuum pans, as vacuum pans are mostly used in beverages industry for converting the wet syrups into crystalized sugar. The demand for narrow crystal sugar among the people is increasing rapidly, which acts as a growth driver for vacuum pans. Sugar manufacturers are mostly using vacuum pans, as it exhibits features like low boiling point thus utilizing maximum capacity, high rate of evaporation, and condensation to form correct sized sugar crystals, thus increasing the demand for vacuum pans market . Increasing demand in pharmaceutical sector like usage of sugar in cough syrups and other tablets are driving the vacuum pans market. North America is the largest manufacturer and supplier of vacuum pans, followed by Europe. However, the high initial investments can hamper the growth of vacuum pans market.  Contrarily, advancements of vacuum pans in food & beverages industry present new opportunities for vacuum pans market. Thus , vacuum pans are in high demand due to its high quality and high operational performance.

The global Vacuum Pans market trends are:

New Product Launches to Flourish the Market

The launch of new generation technologically advanced products can boost the growth of the market. In the past few years, many such products having unique features were launched in the market. In 2019, BMA industries introduced VKT verticals vacuum pans that can be used in sugarcane factories. The major benefits of VKT vacuum pan is it has a vapor steam and cylindrical chambers for maintaining the temperature. It also has an well-constructed massecuite(a dense mass of sugar crystals mixed with liquor obtain after evaporation) flow between the chambers. As it has a vertical structure, it saves a lot of space than the horizontal structure. Vacuum pans are much more flexible and durable than the batch vacuum pans used in the industries and has a equipped with high automation technology. These new generation machine tools are compatible and offer cost and energy saving benefits.

Growing Demand from Industrial Applications 

Now a days, manufacturers are producing new products on the basis of interests of the customers. On the basis of type, vacuum pans are divided into 2 types, including dual continuous pan and split continuous pan. Both pans are designed in an innovative way and requires less area to be installed. The only difference between them is the dual continuous pan uses only 1 condenser while split continuous pan uses 2 condensers for sugar crystallization. These pans operates at a low boiling point thus utilizing the raw materials properly without much usage of area and converting them into desired output. These vacuum pans can be used for making jams, jellies, tomato sauces, ice creams, cosmetics, lotions, and pharmaceuticals. Thus, with growing demand for this products vacuum pans market would definitely pace up in near future.

Key Segments Covered

Key Benefits of the Report

• This study presents the analytical depiction of the vacuum pans market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the vacuum pans market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the vacuum pans  market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.