The global industrial evaporators market size reached US$ 20.2 Billion in 2023. Looking forward, the market is projected to reach US$ 32.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.35% during 2023-2032. The rising product utilization in the food and beverage (F&B) industry, widespread product adoption in water treatment applications and the increasing product demand in the pharmaceutical industry represent some of the key factors driving the market.
Industrial evaporators are devices that convert liquid into a gaseous state through the heat transfer process. They are manufactured using various components, such as heat exchangers, condensers, manifolds, controls, and pumps. Industrial evaporators are widely used in food processing, drug manufacturing, purification of chemicals, wastewater treatment, heating, ventilation, and air conditioning (HVAC) systems.
They are simple and easy-to-use devices that require minimal energy, reduce operating costs, meet regulatory standards, and improve product stability. Industrial evaporators are also easy to clean and meet high hygiene requirements making them ideal for handling edible products. As a result, they find extensive applications across the food and beverage (F&B), pharmaceutical, chemical, oil and gas, automotive, and semiconductor industries.
Furthermore, the widespread product utilization in water treatment applications as a cost-effective method to desalinate seawater and remove dissolved minerals and other substances is providing an impetus to the market growth. Along with this, rising product demand due to the widespread adoption of zero liquid discharge (ZLD) and minimal liquid discharge (MLD) technologies in industrial manufacturing is acting as another growth-inducing factor. Additionally, the recent development of double jacket thin film evaporators, which incorporate pre-heater, flash tank, and thin-film evaporator in a single device that reduces cost, saves space, simplifies operations, and minimizes energy loss, is positively influencing the market growth.
Moreover, increasing product utilization in the chemical industry to produce dyes, paints, pigments, aluminum nitrate, glycerine, and purify various organic compounds, such as fatty acids and natural oils, is favoring the market growth. Other factors, including rising product utilization in the pharmaceutical industry to remove excess moisture from drugs and improve product stability, the increasing product demand in the marine industry to produce fresh water, and widespread product adoption in semiconductor manufacturing for the deposition process, are anticipated to drive the market growth.
2. What is the expected growth rate of the global industrial evaporators market during 2024-2032?
3. What are the key factors driving the global industrial evaporators market?
4. What has been the impact of COVID-19 on the global industrial evaporators market?
5. What is the breakup of the global industrial evaporators market based on the type?
6. What is the breakup of the global industrial evaporators market based on the functionality?
7. What is the breakup of the global industrial evaporators market based on the end user?
8. What are the key regions in the global industrial evaporators market?
9. Who are the key players/companies in the global industrial evaporators market?
Industrial evaporators are devices that convert liquid into a gaseous state through the heat transfer process. They are manufactured using various components, such as heat exchangers, condensers, manifolds, controls, and pumps. Industrial evaporators are widely used in food processing, drug manufacturing, purification of chemicals, wastewater treatment, heating, ventilation, and air conditioning (HVAC) systems.
They are simple and easy-to-use devices that require minimal energy, reduce operating costs, meet regulatory standards, and improve product stability. Industrial evaporators are also easy to clean and meet high hygiene requirements making them ideal for handling edible products. As a result, they find extensive applications across the food and beverage (F&B), pharmaceutical, chemical, oil and gas, automotive, and semiconductor industries.
Industrial Evaporators Market Trends
The rising product utilization in the food and beverage (F&B) industry is one of the primary factors driving the market growth. Industrial evaporators are widely used to remove moisture, increase the total solid content, and reduce the bulk density of various edible products, such as juices, jams, sauces, noodles, dairy products, tomato purees, and coffee extract. In addition to this, the escalating application of industrial evaporators for herbal extracts, whey, and milk proteins due to the increasing health consciousness and rising preference for nutritious food is facilitating the market growth.Furthermore, the widespread product utilization in water treatment applications as a cost-effective method to desalinate seawater and remove dissolved minerals and other substances is providing an impetus to the market growth. Along with this, rising product demand due to the widespread adoption of zero liquid discharge (ZLD) and minimal liquid discharge (MLD) technologies in industrial manufacturing is acting as another growth-inducing factor. Additionally, the recent development of double jacket thin film evaporators, which incorporate pre-heater, flash tank, and thin-film evaporator in a single device that reduces cost, saves space, simplifies operations, and minimizes energy loss, is positively influencing the market growth.
Moreover, increasing product utilization in the chemical industry to produce dyes, paints, pigments, aluminum nitrate, glycerine, and purify various organic compounds, such as fatty acids and natural oils, is favoring the market growth. Other factors, including rising product utilization in the pharmaceutical industry to remove excess moisture from drugs and improve product stability, the increasing product demand in the marine industry to produce fresh water, and widespread product adoption in semiconductor manufacturing for the deposition process, are anticipated to drive the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global industrial evaporators market, along with forecasts at the global, regional, and country level from 2024-2032. The report has categorized the market based on type, functionality, and end user.Type Insights:
- Shell and Tube
- Plate
Functionality Insights:
- Falling Film
- Rising Film
- Forced Circulation
- Agitated Film
- Mechanical Vapor
- Recompression
End User Insights:
- Pharmaceutical
- Pulp and Paper
- Chemical and Petrochemical
- Electronics and Semiconductor
- Automotive
- Food and Beverages
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global industrial evaporators market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 3V Tech S.p.A., Alaqua Inc, Alfa Laval AB, Belmar Technologies Ltd., Condorchem Envitech, De Dietrich Process Systems, ENCON Evaporators, Equipment Manufacturing Corporation, GEA Group AG, Kmu Loft Cleanwater Gmbh, SPX Flow Inc., Suez Waters USA Incorporated (Suez SA), Technoforce Solutions India Pvt Ltd., Thermal Kinetics Engineering (RCM Technologies Inc.), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. What was the size of the global industrial evaporators market in 2023?2. What is the expected growth rate of the global industrial evaporators market during 2024-2032?
3. What are the key factors driving the global industrial evaporators market?
4. What has been the impact of COVID-19 on the global industrial evaporators market?
5. What is the breakup of the global industrial evaporators market based on the type?
6. What is the breakup of the global industrial evaporators market based on the functionality?
7. What is the breakup of the global industrial evaporators market based on the end user?
8. What are the key regions in the global industrial evaporators market?
9. Who are the key players/companies in the global industrial evaporators market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Industrial Evaporators Market
6 Market Breakup by Type
7 Market Breakup by Functionality
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3V Tech S.p.A.
- Alaqua Inc
- Alfa Laval AB
- Belmar Technologies Ltd.
- Condorchem Envitech
- De Dietrich Process Systems
- ENCON Evaporators
- Equipment Manufacturing Corporation
- GEA Group AG
- Kmu Loft Cleanwater Gmbh
- SPX Flow Inc.
- Suez Waters USA Incorporated (Suez SA)
- Technoforce Solutions India Pvt Ltd.
- Thermal Kinetics Engineering (RCM Technologies Inc.)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 20.2 Billion |
| Forecasted Market Value ( USD | $ 32.3 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
