Industrial Evaporators Market by Type (Falling Film Evaporators, Rising Film Evaporators, Forced Circulation Evaporators, Agitated Thin Film Evaporators, Mechanical Vapor Recompression, and Others), End-Use Industry (Pharmaceuticals & Nutraceuticals, Chemicals & Petrochemicals, Electronics & Semiconductors, Pulp & Paper, Food & Beverages, Automotive, and Others): Global Market Size Estimates and Forecast (2022-2030)

The market crossed US$ 18.5 billion mark in 2022 and is expected to hit US$ 26.5 billion by 2030, recording a CAGR of approximately 4.5% during the forecast period.

Growth in the food & beverage industry is propelling the growth of the industrial evaporators market

The rapidly growing population has led to increasing water and dairy product consumption, which is a significant factor driving the market growth. Recent innovations in the basic design of evaporators to reduce scaling and fouling are also expected to drive the growth of the industrial evaporators market. Increased use of evaporators to convert seawater into drinkable water in marine vessels is an additional factor driving the market growth. Toxic wastes and other pollutants entering the surface water can cause scaling, clogging, and fouling in evaporators, and needs shutting down of plant for days to be operational again. The use of industrial evaporators is expected to pace up with the rising adoption in the food and beverage industry. Further, other end use industries such as pharmaceuticals & nutraceuticals, chemicals & petrochemicals, electronics & semiconductors, and pulp & paper is also expected to gain traction during the forecast period.

Within the report, the market is segmented into type, end-use industry, and geography. By type, the market is further segmented into falling film evaporators, rising film evaporators, forced circulation evaporators, agitated thin film evaporators, mechanical vapor recompression, and others. Based on end-use industry, the market is divided into pharmaceuticals & nutraceuticals, chemicals & petrochemicals, electronics & semiconductors, pulp & paper, food & beverages, automotive, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Increasing pharmaceutical research & development spending

Industrial evaporators are utilized to evaporate the solvent from wet solids. Industrial evaporators are devices that separate solvents from mixtures. The industrial evaporator is also known as a vacuum pan or distillation unit. The process of vaporization and condensation results in highly pure chemicals. Evaporation is a method of separating mixtures based on differences in volatility. Industrial evaporators are used to separate solvents from liquids and solids and purify water for drinking or wastewater treatment.

Increasing adoption from end-use industries is one of the major factors accelerating market growth

Industrial evaporators are widely used in the food & beverage industry for moisture removal. Evaporation helps to enhance the total solids in the food, reduce bulk density, and ultimately facilitate transportation. Industrial evaporators are devices that produce vapor through heat, which is then condensed into a liquid. This process can be applied to water treatment and to remove dissolved minerals and other materials. Industrial evaporators offer the most cost-effective way for brackish water or desalinating seawater using either vacuum distillation techniques or multiple effect distillation techniques. Other end-use industries, including pharmaceuticals & nutraceuticals, chemicals & petrochemicals, electronics & semiconductors, pulp & paper, automotive, and others, are also growing significantly.

Recent strategic developments in the industrial evaporators market

The industrial evaporators market has undergone several significant developments, and a few of these have been mentioned below:

• In April 2022, Lone Star completed the acquisition of SPX Flow Inc. SPX Flow Inc.’s product offering includes concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer and other activities that are integral to processes performed across a wide variety of nutrition, health and industrial markets. 
• In May 2019, Veolia Water Technologies, Inc. acquired the contract by Smurfit Kappa to supply state-of-the-art HPD systems at the Sangüesa mill in Northern Spain. The contract aims to increase Smurfit Kappa Sangüesa’s liquor treatment capacity and optimize the efficiency of recovery boiler operations, leading to an improvement of 30% of present operations.

The industrial evaporators market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Sumitomo Heavy Industries, Ltd., Veolia Water Solutions & Technologies, SUEZ Water Technologies & Solutions, GEA Group Aktiengesellschaft, and Saltworks Technologies Inc. are among the prominent players operating in the market.

Target audience for the report:

• Raw material providers
• Industrial evaporators-related associations, organizations, forums, and alliances
• Government bodies, such as regulating authorities and policy makers
• Venture capitalists, private equity firms, and start-up companies
• End users of industrial evaporators
• Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

• Type:
  • Falling Film Evaporators
  • Rising Film Evaporators
  • Forced Circulation Evaporators
  • Agitated Thin Film Evaporators
  • Mechanical Vapor Recompression
  • Others
• End-Use Industry:
  • Pharmaceuticals & Nutraceuticals
  • Chemicals & Petrochemicals
  • Electronics & Semiconductors
  • Pulp & Paper
  • Food & Beverages
  • Automotive
  • Others
• Region
  • North America
  • Europe
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa
• Companies profiled
  • Sumitomo Heavy Industries, Ltd.
  • Veolia Water Solutions & Technologies
  • SUEZ Water Technologies & Solutions
  • GEA Group Aktiengesellschaft  
  • Saltworks Technologies Inc.