Global Industrial Evaporator Market Overview:
According to SPER Market Research, the Industrial Evaporator Market is estimated to reach USD 28.27 billion by 2030 with a CAGR of 5.3%. Industrial Evaporator Market has grown exponentially in the past few years and is expected to grow at a higher rate in the years to come. Food and beverage industry acts as a driving force of this market due to various factors such as population growth, changing trends, rising disposable income & product developments. Rapid industrialization in Asian countries like Japan, India and China has created opportunities for the growth of the Industrial Evaporator Market. But the high manufacturing and maintenance cost of the evaporator along with the lack of a skilled workforce act as a hindrance to the growth of the market.
Plate evaporators are more advantageous than shell and tube evaporators, their segment is thus projected to grow at a significant CAGR in further years. Based on the functionality the segment of mechanical vapor recompression is expected to grow in the coming years as it is energy efficient and helps in energy recovery therefore is used in various end-user industries.
In our current lifestyle many costumer’s prefer ready to made, packaged food and concentrated juices making food and beverage one of the fastest growing industry in the world thus also making it the segment, based on the end user industry, which is expected to show the most significant growth. By Region, Asia Pacific is the fastest growing market for industrial evaporators across the globe due to rapid industrialization taking place in many Asian countries.
Impact of COVID-19 on the Industrial Evaporator Market
The COVID-19 pandemic has had a significant level of impact on the Industrial Evaporator Market worldwide. The impact can be presented through three scenarios; Low growth: in this scenario economic recovery will be slow, and there will be supply chain disruption and weak consumer demand; Medium growth: the economic growth will be fast and consumer demand will grow moderately but there will still be disruption in the supply chain; and High growth: the economic growth will be fast, no supply chain disruption any more and strong consumer demand.
Scope of the report
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Construction Type, By Functionality, By End User Industry, By Product Type
|
| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East, Africa |
| Companies Covered | API heat transfer, Alfa Laval, Belmar Technologies Ltd., Beverage Air, Buchi, Coilmaster Corporation, Colmac Coil Manufacturing, Inc., De Dietrich Process Systems, Daikin industries, EVAPCO, GEA Group AG, Hebei Leheng Energy Saving Equipment Co, Ingersoll Rand, Johnson controls, JEOL Ltd., Praj Industries Ltd., SPX Flow Inc., SUEZ Water Technologies & Solutions, Saltworks Technologies Inc., SMI Evaporative Solutions, Veolia Water Technologies
|
Industrial Evaporator Market Segmentation:
By Construction Type: Based on the Construction Type, Industrial Evaporator Market is segmented as; Shell & tube evaporators (To continue their dominance in evaporators market) and Plate evaporators (High demand from food & beverage industry to drive market).
By Functionality: Based on the Functionality, Industrial Evaporator Market is segmented as; Falling film evaporators (High demand from several major industries), Rising film evaporators (Ideal for low scaling feeds), Forced circulation evaporators (Suitable for crystallization of solutions and slurries), Agitated thin film evaporator (Overcome problems of difficult-to-handle situations), Mechanical vapor recompression (Mechanical vapour evaporators can be used for heat sensitive materials), Others.
By End User Industry: Based on the End User, Industrial Evaporator Market is segmented as; Pharmaceutical (Extensive use of thin film evaporators driving segment growth), Chemical and petrochemical (Wild use of various evaporation processes), Electronics and semiconductors (Primary application of evaporators for metal disposition), Pulp & paper (Uses of evaporators to concentrate black liquor), Food & beverage (One of the leading market for evaporators), Automotive (Use of multiple effect evaporators for industrial processes), Others.
By Product Type: Based on the Product Type, Industrial Evaporator Market is segmented as; Portable industrial evaporator, Stationary industrial evaporator.
By Region: Asia pacific accounts for the largest share in global dispersing agent market. Followed by North America, Europe, Middle East & Africa, South America.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Industrial Evaporator Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Industrial Evaporator Market, By Construction Type, 2019-2030 (USD Million)
6.1. Shell & tube evaporators
6.1.1. To continue their dominance in evaporators market
6.2. Plate evaporators
6.2.1. High demand from food & beverage industry to drive market
7. Industrial Evaporator Market, By Functionality, 2019-2030 (USD Million)
7.1. Falling film evaporators
7.1.1. High demand from several major industries
7.2. Rising film evaporators
7.2.1. Ideal for low scaling feeds
7.3. Forced circulation evaporators
7.3.1. Suitable for crystallization of solutions and slurries
7.4. Agitated thin film evaporators
7.4.1. Overcome problems of difficult-to-handle situations
7.5. Mechanical vapor recompression
7.5.1. Mechanical vapour evaporators can be used for heat sensitive materials
7.6. Others
8. Industrial Evaporator Market, By End User Industry, 2019-2030 (USD Million)
8.1. Pharmaceutical
8.1.1. Extensive use of thin film evaporators driving segment growth
8.2. Chemical and petrochemical
8.2.1. Wild use of various evaporation processes
8.3. Electronics and semiconductors
8.3.1. Primary application of evaporators for metal disposition
8.4 Pulp & paper
8.4.1. Uses of evaporators to concentrate black liquor
8.5. Food & beverage
8.5.1 One of the leading market for evaporators
8.6. Automotive
8.6.1. Use of multiple effect evaporators for industrial processes
8.7 Others
9. Industrial Evaporator Market, By Product Type, 2019-2030 (USD Million)
9.1. Portable industrial evaporator
9.2. Stationary industrial evaporator
10. Industrial Evaporator Market, By Region, 2019-2030 (USD Million)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. Europe
10.2.1. Germany
10.2.2. United Kingdom
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. South America
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest of South America
10.5. Middle East & Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Rest of Middle East & Africa
11. Company Profiles
11.1. API heat transfer
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Alfa Laval
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Belmar Technologies Ltd.
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4 Beverage Air
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Buchi
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4 Recent developments
11.6. Coilmaster Corporation
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Colmac Coil Manufacturing, Inc.
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. De Dietrich Process Systems
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Daikin industries
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. EVAPCO
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11 GEA Group AG
11.11.1. Company details
11.11.2. Financial outlook
11.11.3. Product summary
11.11.4. Recent developments
11.12. Hebei Leheng Energy Saving Equipment Co
11.12.1. Company details
11.12.2. Financial outlook
11.12.3. Product summary
11.12.4. Recent developments
11.13. Ingersoll Rand
11.13.1. Company details
11.13.2. Financial outlook
11.13.3. Product summary
11.13.4. Recent developments
11.14. Johnson controls
11.14.1. Company detail
11.14.2. Financial outlook
11.14.3. Product summary
11.14.4. Recent developments
11.15. JEOL Ltd.
11.15.1. Company details
11.15.2. Financial outlook
11.15.3. Product summary
11.15.4. Recent developments
11.16. Praj Industries Ltd.
11.16.1. Company details
11.16.2. Financial outlook
11.16.3. Product summary
11.16.4. Recent development
11.17. SPX Flow Inc.
11.17.1. Company details
11.17.2. Financial outlook
11.17.3. Product summary
11.17.4. Recent development
11.18. SUEZ Water Technologies & Solutions
11.18.1. Company details
11.18.2. Financial outlook
11.18.3. Product summary
11.18.4. Recent development
11.19. Saltworks Technologies Inc.
11.19.1. Company details
11.19.2. Financial outlook
11.19.3. Product summary
11.19.4. Recent development
11.20. SMI Evaporative Solutions
11.20.1. Company details
11.20.2. Financial outlook
11.20.3. Product summary
11.20.4. Recent development
11.21. Veolia Water Technologies
11.21.1. Company details
11.21.2. Financial outlook
11.21.3. Product summary
11.21.4. Recent development
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
