Overview and Scope
An industrial evaporator is referred to as being required for converting liquid into gaseous form, which is then collected if required. The industrial evaporator is used in various food and non-food industries for water distillation units and processing systems.
Sizing and Forecast
The industrial evaporators market size has grown strongly in recent years. It will grow from $38.73 billion in 2023 to $41.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to environmental regulations, water scarcity, growth in the food and beverage industry, changes in labor costs, increasing global trade.
The industrial evaporators market size is expected to see strong growth in the next few years. It will grow to $51.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to renewable energy integration, smart manufacturing, biotechnology and pharmaceutical growth, shift towards decentralized manufacturing models, digitalization of processes. Major trends in the forecast period include zero liquid discharge (ZLD) solutions, energy-efficient evaporators, membrane-based evaporation technologies, hybrid evaporation systems, adoption of evaporative cooling.
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Segmentation & Regional Insights
The industrial evaporators market covered in this report is segmented –
1) By Type: Natural/Forced Circulation Evaporator, Falling Film Evaporator, Rising Film Evaporator, Multiple Effect Evaporator, Agitated Thin Film Evaporator, LPG Storage Tank, MVC Evaporator, Electron Beam Evaporator, Other Types
2) By End-User: Pharmaceutical, Chemical And Petrochemical, Electronics And Semiconductor, Pulp And Paper, Food And beverage, Automotive, Other End-Users
Asia-Pacific was the largest region in the industrial evaporators market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial evaporators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in the food and beverage industries is driving demand for the industrial evaporators market. The food and beverage industry refers to the inclusion of restaurants, cafeterias, cafés, fast-food joints, pubs, delis, food manufacturing operations, catering businesses, food transportation services, and more. Foods are concentrated using industrial evaporators, which employ heat to evaporate the water from the food. For instance, according to the Food and Drink Federation, a London-based organization that advocates and guides UK food and beverage producers, in 2021, food and drink manufacturing contributed $35.31 billion (£30 billion) to the UK economy, growing by 4.2% from 2020. The industry has more than $131.83 billion (£112 billion) turnover, accounting for 20% of total UK manufacturing. Therefore, the increase in the food and beverage industries is driving the market for industrial evaporators.
Key Industry Players
Major companies operating in the industrial evaporators market report are Atlas Copco AB, Tetra Pak AB, ADF Systems Inc., GEA Group AG, Alfa Laval AB, Ebara Corporation, SPX Corporation, Armstrong World Industries Inc, Komax Systems Inc., Zhejiang Dayuan Evaporative Technology Co. Ltd., BÜCHI Labortechnik AG, Louisville Dryer Company, Bucher Unipektin AG, John Brooks Company Limited, Aqua-Chem Inc., Praj Industries Limited, Artisan Industries Inc., Technoforce Solutions (I) Pvt. Ltd., Thermal Kinetics Engineering plc, Swenson Technology Inc., ENCON Evaporators, Buflovak LLC, Vobis LLC, Alaqua Inc., Caloris Engineering LLC, Compro International Inc., Coastal Technologies Group Inc., KMPT USA Inc., Falling Film America LLC, Fenco Food Machinery Srl
The industrial evaporators market report table of contents includes:
1. Executive Summary
2. Industrial Evaporators Market Characteristics
3. Industrial Evaporators Market Trends And Strategies
4. Industrial Evaporators Market - Macro Economic Scenario
5. Global Industrial Evaporators Market Size and Growth
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32. Global Industrial Evaporators Market Competitive Benchmarking
33. Global Industrial Evaporators Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Industrial Evaporators Market
35. Industrial Evaporators Market Future Outlook and Potential Analysis
36. Appendix
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