Industrial Evaporators Market Report: Trends, Forecast and Competitive Analysis to 2030

Industrial Evaporators Trends and Forecast

The future of the global industrial evaporators market looks promising with opportunities in the pharmaceutical, chemical & petrochemical, electronics & semiconductor, pulp & paper, food & beverage, and automotive markets. The global industrial evaporators market is expected to reach an estimated $25.1 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are increased product use in the food and beverage (F&B) sectors, growing product need in the maritime sector to generate freshwater, and increasing use of ZLD (zero liquid discharge) technology.

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Industrial Evaporators by Segment

The study includes a forecast for the global industrial evaporators by construction type, functionaility, end use, and region.

Industrial Evaporators Market by Construction Type [Shipment Analysis by Value from 2018 to 2030]:

• Shell & Tube Evaporator
• Plate Evaporators

Industrial Evaporators Market by Functionaility [Shipment Analysis by Value from 2018 to 2030]:

• Falling Film Evaporator
• Rising Film Evaporator
• Forced Circulation Evaporator
• Agitated Thin Film Evaporator
• Mechanical Vapor Recompression
• Others

Industrial Evaporators Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Pharmaceutical
• Chemical & Petrochemical
• Electronics & Semiconductor
• Pulp & Paper
• Food & Beverage
• Automotive
• Others

Industrial Evaporators Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Industrial Evaporators Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial evaporators companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial evaporators companies profiled in this report include-

• Veolia Water
• SPX Flow
• JEOL
• GEA
• Coilmaster Corporation
• Sumitomo Heavy Industries
• SUEZ Water Technologies & Solutions
• De Dietrich Process Systems

Industrial Evaporators Market Insights

Lucintel forecasts that mechanical vapor recompression will remain the largest segment over the forecast period because it is used in brine and salt water, oil emulsion, demolding, leachate treatment, degreasing water, dissolved oil and hydrocarbons in contaminated water, and other applications.

APAC is expected to witness highest growth over the forecast period due to quick industrialisation, rising end-user investment, and rising wastewater treatment awareness in this region.

Features of the Global Industrial Evaporators Market

Market Size Estimates: Industrial evaporators market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Industrial evaporators market size by construction type, functionaility, end use, and region in terms of value ($B).

Regional Analysis: Industrial evaporators market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different construction type, functionaility, end use, and regions for the industrial evaporators market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial evaporators market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the industrial evaporators market size?

Answer: The global industrial evaporators market is expected to reach an estimated $25.1 billion by 2030.

Q.2 What is the growth forecast for industrial evaporators market?

Answer: The global industrial evaporators market is expected to grow with a CAGR of 4.6% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the industrial evaporators market?

Answer: The major drivers for this market are increased product use in the food and beverage (F&B) sectors, growing product need in the maritime sector to generate freshwater, and increasing use of ZLD (zero liquid discharge) technology.

Q4. What are the major segments for industrial evaporators market?

Answer: The future of the global industrial evaporators market looks promising with opportunities in the pharmaceutical, chemical & petrochemical, electronics & semiconductor, pulp & paper, food & beverage, and automotive markets.

Q5. Who are the key industrial evaporators market companies?

Answer: Some of the key industrial evaporators companies are as follows:

• Veolia Water
• SPX Flow
• JEOL
• GEA
• Coilmaster Corporation
• Sumitomo Heavy Industries
• SUEZ Water Technologies & Solutions
• De Dietrich Process Systems

Q6. Which industrial evaporators market segment will be the largest in future?

Answer: Lucintel forecasts that mechanical vapor recompression will remain the largest segment over the forecast period because it is used in brine and salt water, oil emulsion, demolding, leachate treatment, degreasing water, dissolved oil and hydrocarbons in contaminated water, and other applications.

Q7. In industrial evaporators market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to quick industrialisation, rising end-user investment, and rising wastewater treatment awareness in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the industrial evaporators market by construction type (shell & tube evaporator and plate evaporators), functionaility (falling film evaporator, rising film evaporator, forced circulation evaporator, agitated thin film evaporator, mechanical vapor recompression, and others), end use (pharmaceutical, chemical & petrochemical, electronics & semiconductor, pulp & paper, food & beverage, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?