According to Sper Market Research, the Industrial Evaporator Market Size is being driven by the quick industrialization of the Asia-Pacific region and the continually expanding food and beverage sector as a result of rising customer demand for packaged foods and ready-to-drink, concentrated juices.
Global demand for industrial evaporators is expanding quickly, and this trend is anticipated to continue in the near future. This is mostly due to the growing end user business and the acceptance of zero liquid difference.
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Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 5.3%
- Forecast Market Size (2030): 28.27 Billion
The evaporator’s high manufacture and maintenance costs as well as the labour shortage have hampered the market’s expansion. The global COVID-19 pandemic has also affected this sector of the economy. It has also disrupted the supply chain, resulting in low-quality items and weak customer demand, in addition to slow economic growth.
The primary reason for this is the increasing adoption of zero liquid discahrge and the ever-growing end user industry. The rapid industrialization of the Asian-Pacific regions and ever-growing industry of food and beverage due to growing demand for packaged food and ready-to-made, concentrated juices by the consumer, acts as the driving force for the growth of the Industrial Evaporator Market.
Global Industrial Evaporator Market Insights, Size and Growth Forecast To 2030
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.
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
Construction Type:
- Shell and Tube Evaporators
- Plate Evaporators
Functionality:
- Falling film evaporators
- Rising film evaporators
- Forced circulation evaporators
- Agitated thin film evaporator
- Mechanical vapor recompression
- Others
End User Industry:
- Pharmaceutical
- Chemical and petrochemical
- Electronics and semiconductors
- Pulp & paper
- Food & beverage
- Automotive
- Others
Product Type:
- Portable industrial evaporator
- Stationary industrial evaporator
Region:
- North America
- Europe
- Asia-Pacific
Key Market Players:
The Industrial Evaporator Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 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.
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SPER Market Research study aims to provide market dynamics, demand, and supply with a yearly forecast for 2030. We have served over 20 industries, with core offerings in Pharmaceutical/Healthcare, Business to Business research (B2B), Nutraceuticals, Food & Beverages, cosmetics, Dermatology, Dental, Herbal, Chemical, Consumer, Information Technology, and other industries.
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We at SPER Market Research always thrive to give you the most recent data. The figures in the article are merely indicative and could differ from the actual report.
