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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?
For any questions related to Industrial Evaporators Market, Industrial Evaporators Market Size, Industrial Evaporators Market Growth, Industrial Evaporators Market Analysis, Industrial Evaporators Market Report, Industrial Evaporators Market Share, Industrial Evaporators Market Trends, Industrial Evaporators Market Forecast, Industrial Evaporators Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Industrial Evaporators Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Industrial Evaporators Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Industrial Evaporators Market by Construction Type
3.3.1: Shell & Tube Evaporator
3.3.2: Plate Evaporators
3.4: Global Industrial Evaporators Market by Functionaility
3.4.1: Falling Film Evaporator
3.4.2: Rising Film Evaporator
3.4.3: Forced Circulation Evaporator
3.4.4: Agitated Thin Film Evaporator
3.4.5: Mechanical Vapor Recompression
3.4.6: Others
3.5: Global Industrial Evaporators Market by End Use
3.5.1: Pharmaceutical
3.5.2: Chemical & Petrochemical
3.5.3: Electronics & Semiconductor
3.5.4: Pulp & Paper
3.5.5: Food & Beverage
3.5.6: Automotive
3.5.7: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Industrial Evaporators Market by Region
4.2: North American Industrial Evaporators Market
4.2.1: North American Industrial Evaporators Market by Functionaility: Falling Film Evaporator, Rising Film Evaporator, Forced Circulation Evaporator, Agitated Thin Film Evaporator, Mechanical Vapor Recompression, and Others
4.2.2: North American Industrial Evaporators Market by End Use: Pharmaceutical, Chemical & Petrochemical, Electronics & Semiconductor, Pulp & Paper, Food & Beverage, Automotive, and Others
4.3: European Industrial Evaporators Market
4.3.1: European Industrial Evaporators Market by Functionaility: Falling Film Evaporator, Rising Film Evaporator, Forced Circulation Evaporator, Agitated Thin Film Evaporator, Mechanical Vapor Recompression, and Others
4.3.2: European Industrial Evaporators Market by End Use: Pharmaceutical, Chemical & Petrochemical, Electronics & Semiconductor, Pulp & Paper, Food & Beverage, Automotive, and Others
4.4: APAC Industrial Evaporators Market
4.4.1: APAC Industrial Evaporators Market by Functionaility: Falling Film Evaporator, Rising Film Evaporator, Forced Circulation Evaporator, Agitated Thin Film Evaporator, Mechanical Vapor Recompression, and Others
4.4.2: APAC Industrial Evaporators Market by End Use: Pharmaceutical, Chemical & Petrochemical, Electronics & Semiconductor, Pulp & Paper, Food & Beverage, Automotive, and Others
4.5: ROW Industrial Evaporators Market
4.5.1: ROW Industrial Evaporators Market by Functionaility: Falling Film Evaporator, Rising Film Evaporator, Forced Circulation Evaporator, Agitated Thin Film Evaporator, Mechanical Vapor Recompression, and Others
4.5.2: ROW Industrial Evaporators Market by End Use: Pharmaceutical, Chemical & Petrochemical, Electronics & Semiconductor, Pulp & Paper, Food & Beverage, Automotive, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Industrial Evaporators Market by Construction Type
6.1.2: Growth Opportunities for the Global Industrial Evaporators Market by Functionaility
6.1.3: Growth Opportunities for the Global Industrial Evaporators Market by End Use
6.1.4: Growth Opportunities for the Global Industrial Evaporators Market by Region
6.2: Emerging Trends in the Global Industrial Evaporators Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Industrial Evaporators Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Industrial Evaporators Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Veolia Water
7.2: SPX Flow
7.3: JEOL
7.4: GEA
7.5: Coilmaster Corporation
7.6: Sumitomo Heavy Industries
7.7: SUEZ Water Technologies & Solutions
7.8: De Dietrich Process Systems
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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