According to IMARC Group’s latest research report, titled “Industrial Evaporators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the industrial evaporators market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global industrial evaporators market size reached US$ 19.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Industrial Evaporators Market Outlook:
Industrial evaporators remove water or other solvents from a liquid mixture through evaporation. These devices are widely used in industrial processes that need concentration, purification, or separation of liquids. There are several industrial evaporators, such as falling film evaporators, rising film evaporators, wiped film evaporators, and forced circulation evaporators. Each of these has unique benefits and is best suited for specific applications. Industrial evaporators find widespread applications across various industries, including food and beverage, chemical, pharmaceutical, and wastewater treatment. They concentrate liquids, separate solids from liquids, and recover valuable substances from waste streams.
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Industrial Evaporators Market Trends:
The global market is majorly driven by the increasing demand for processed foods. In line with this, the rising demand for pharmaceuticals is significantly contributing to the market as the pharmaceutical industry requires industrial evaporators for the purification and concentration of several drugs and medicines. Furthermore, the growing need for wastewater treatment is positively influencing the market. Apart from this, the escalating product utilization in the production of biofuels is offering lucrative opportunities for the market. Moreover, the increasing demand for petrochemicals and the rising need for efficient and cost-effective solutions are propelling the market. Besides, rapid technological advancements and the growing requirement for water conservation are bolstering the market. Additionally, the escalating demand for dairy products is providing a boost to the product demand as the dairy industry requires industrial evaporators for the concentration and processing of milk and other dairy products. Other factors driving the market include increased production of chemicals, rising need for higher-quality products, growing demand for natural and organic products, and escalating demand for specialty chemicals.
Key Market Segmentation:
Competitive Landscape with Key Players:
- 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.)
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
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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