Global Industrial Evaporator Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Industrial Evaporator Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Industrial Evaporators are devices used to remove a liquid from a solution by vaporizing it. This can be done for many reasons, including the production of chemicals or the distillation of liquids. The importance of industrial evaporators lies in their ability to efficiently and effectively produce vapor from liquids. It is this ability that makes them an essential piece of equipment in many industries.

Market Overview:

The latest research study on the global Industrial Evaporator market finds that the global Industrial Evaporator market reached a value of USD 20392.16 million in 2023. It’s expected that the market will achieve USD 29140.22 million by 2029, exhibiting a CAGR of 6.13% during the forecast period.

The Russo-Ukrainian war restricted trade, increased social distress, weakened governance, heightened tensions, and limited commerce and people-to-people connections. The Russo-Ukrainian war had a wide-ranging impact on trade and economic relations and therefore had various direct or indirect impacts on the industry.

Affected by the Russo-Ukrainian war, trade routes and transportation networks were disrupted. After the outbreak of COVID-19, global transportation has been severely affected. The conflict between Russia and Ukraine has made transportation problems more serious, with sea, land, and air transportation all affected. Meanwhile, the war between Russia and Ukraine has destroyed transport infrastructure and caused severe disruptions. Transportation disruptions will affect the security of industry supply chains and changes in transportation routes will also increase transportation costs. This has resulted in delays or disruptions in the import and export of Industrial Evaporator products from conflict areas, affecting supply chains and leading to potential shortages in some markets. On the other hand, Ukraine is a major steel exporter. Due to the Russia-Ukraine war, Ukraine's steel production will drop significantly in 2022, which will have an impact on the price and supply of global steel. Most components of Industrial Evaporator products are made of steel and other metals. The impact of greater fluctuations in steel prices has caused an increase in the manufacturing costs of Industrial Evaporator products.

In addition, regional conflicts have led to economic instability in affected areas, leading to a decrease in consumer purchasing power. Therefore, external demand for products such as Industrial Evaporator has an impact, thereby affecting the revenue and profitability of the industry. Regional conflicts can have complex and far-reaching consequences, so stakeholders in the Industrial Evaporator industry must monitor the situation closely and respond appropriately to changing circumstances.

Market Dynamics

1.Developments in the food and beverage industry and applications for industrial evaporators.
The food and beverage industry is global, large and diverse. For many years, this industry has been one of the important economic sectors with huge development potential. Food and beverage manufacturing plants use labor, machinery, energy, and scientific knowledge to transform raw food commodities into products for intermediate or final consumption. Some products can serve as inputs for further processing, such as syrup used to make soda. In 2021, these plants accounted for 16.8% of sales at all U.S. manufacturing plants and accounted for 15.4% of all employees, according to data from the U.S. Department of Commerce, Census Bureau's Annual Survey of Manufacturers.
2.Development of the pharmaceutical industry.
North America, Europe, and Asia are the three major regions with highly developed global biopharmaceutical industries. North America and Europe regions dominate the global pharmaceutical industry. These regions are home to some of the world's largest pharmaceutical companies. On the other hand, emerging countries in Asia have made important contributions to the growth of the pharmaceutical industry, such as China, Japan, Singapore, India, South Korea, Indonesia, Malaysia, Turkey, etc.
3.Wastewater treatment under sustainable urban development.
Global water management systems are facing huge challenges that exacerbate water insecurity, flooding and water pollution. Large-scale and rapid urbanization has occurred worldwide, increasing the burden of wastewater treatment. Most human activities that use water resources produce wastewater. As the overall demand for water resources continues to increase, the total amount of wastewater generated and the pollutants in it are also increasing globally. Wastewater is discharged directly into the natural environment without proper treatment, causing harmful effects on human health, economic productivity, freshwater quality and ecosystems. Water stress forces more countries to pay attention to water resources management.

Limitations

1.Raw material price fluctuations.
The main body of the industrial evaporator is made of metal materials, mainly steel, and other components are also mainly made of metal. Therefore, price fluctuations of steel, titanium, and other metal materials have a significant impact on the business. However, metals are a type of commodity whose prices are affected by supply and demand and are prone to fluctuations.
2.Advantages, disadvantages, and options of different types of products.
Industrial evaporators are used in a variety of processes and come in many types and variations. The best evaporator for a specific application depends on product characteristics and desired results. Many characteristics of materials have a significant impact on industrial evaporators, including heat sensitivity, fouling, foaming, solids, viscosity, and more. Each type of industrial evaporator has applicable materials and usage restrictions.
3.Intense market competition.
Industrial evaporators not only have mature technology and widely used traditional processes, such as rising film and falling film industrial evaporators but also rapidly developing emerging technologies, such as MVR. The wide range of applications promotes the widespread use and production of this product. Therefore, there are a large number of manufacturing companies in the industry, and product and price competition are fierce.

Opportunities

1.The impact of the younger generation on the food and beverage industry.
The younger generation has become the mainstream consumer group in the food and beverage industry, bringing new changes to the food and beverage industry. The preferences of younger generations, including Gen Z, are filtering into the food and beverage industry.
2.Population aging and pharmaceutical industry development.
The global population is entering an aging stage. The number and proportion of older people in the population is increasing in nearly every country in the world. Population aging is likely to become one of the most important social trends in the 21st century. Older people are increasingly seen as contributors to development, and their ability to take action to improve themselves and their communities should be integrated into policies and programs at all levels.

Region Overview:

APAC had the highest growth rate of all regions
In 2022, the share of the Industrial Evaporator market in APAC stood at 34.58%

Company Overview:

1.GEA
GEA is one of the world's largest suppliers of systems and components to the food, beverage, and pharmaceutical industries. The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced process technology, components, and comprehensive services.
2. Alfa Laval
Alfa Laval is a leading global supplier of products and solutions for heat transfer, separation and fluid handling through key products – heat exchangers, separators, pumps and valves. Mainly in the fields of energy, environment, food and marine industries.

GEA is one of the major players operating in the Industrial Evaporator market, holding a share of 2.18% in 2023.

GEA, Alfa Laval, Veolia Water Technologies, Buchi Labortechnik AG,SPX Flow Inc, are the five key players in the global Industrial Evaporator market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Industrial Evaporator market in the past 5 years.

Segmentation Overview:

Falling Film
Falling Film Evaporators (FFE) are one of the most popular evaporators used due to simplicity of operation, low temperature difference and high heat transfer coefficients. In FFE, the liquid enters the top of the Shell and Tube Heat Exchanger and vapors are generated in the heating tubes. The liquid and vapors both flow co-currently in downward direction. The vapor and the liquid are then carried over to the separator which is situated at the lower end of the heat exchanger.

Rising Film

Rising Film Evaporators (RFE) are supposedly special class of evaporators, were vaporization occurs in the heating tubes and a separator called evaporator body is used to separate vapor and liquid. The heat exchanger is mounted vertically with feed introduced at the bottom of the heated tube bundle. The evaporator liquid flows in the upward direction in long tubes in the form of annular or film flow for the substantial portion of the tube length. The water in the evaporator liquid boils as the liquid rises in the tubes and forces the evaporator liquid out of the tubes to the separator.

MVR

Mechanical vapor compression (MVC) or mechanical vapor recompression (MVR) is a forced circulation flash evaporator utilizing mechanical vapor compression. The heated feed stream is mixed with the large circulating stream, which flows through the main heat exchanger. In a MVR evaporator heat is transferred to the circulating stream by condensing vapor from the compressor(s).

Agitated Thin Film

Agitated Thin Film Evaporators (ATFE) are mechanically aided with turbulent flows. The process liquid that enters the evaporator is spread across the thermal surface of a tube, with the help of mechanical blades. The ATFE constitutes of vapor body assembly and a rotor. The feed enters the evaporator by means of a nozzle which transports the liquid through the vessel by means of gravity. The rotor blades spread the liquid in the form of thin film due to the turbulent flow generated. This helps in easily disengaging the liquid and vapors.

Among different product types, Falling Film segment is anticipated to contribute the largest market share in 2028.

Application Overview:

Pharmaceutical
The pharmaceutical industry is the discovery, development, and manufacture of drugs and medications. Evaporation a portion of the solvent concentrates the solute into a more viscous liquid product. Evaporation is used in the pharmaceutical industry to get the pure form of products to increase their shelf life and maintain the concentration of products.

Food & Beverages

Evaporation is commonly used to remove water from dilute liquid foods to obtain a product with a desired solid concentration. Evaporation and dehydration are the two common methods used in food processing industries to remove water from a food product. Evaporators are one of the most important equipment in the food process industries such as sugar, fruit juices, dairy products, edible oils, tomato paste, and coffee.

Pulp & Paper

The pulp and paper industry comprises companies that use wood as raw material and produce pulp, paper, paperboard, and other cellulose-based products. Evaporators are used to remove water from the used pulping chemical solution in order to concentrate it. This is the first step in the process that is used to recover the chemicals so that they can be reused in the pulping process.

Chemical & Petrochemical

Evaporators are widely used in the chemical industry for the separation and concentration of various chemicals such as solvents, acids, and oils. Evaporators are especially useful in the production of high-quality polymers and resins, which require a high level of heat sensitivity to maintain their properties.

Water Treatment

Industrial wastewater evaporation is a time-tested method for reducing the water portion of water-based wastes. The evaporator converts the water portion of water-based wastes to water vapor, while leaving the higher boiling contaminants behind.

By application, the Food & Beverages segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Industrial Evaporator market covered in Chapter 3:

SVAAR Process
Shachi Engineering
INTEGRO ENGINEERS PVT. LTD.
Buchi Labortechnik AG
ENCON Evaporators
KMU LOFT Cleanwater GmbH
Alfa Laval
Veolia Water Technologies
Mech Chem Associates, Inc.
GEA
Thermal Kinetics Engineering, PLLC
Alaqua, Inc.
Technoforce Solutions B.V.
SPX Flow Inc

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Evaporator market from 2019 to 2030 is primarily split into:

Falling Film
Rising Film
Mechanical Vapor Recompression
Agitated Thin Film
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Evaporator market from 2019 to 2030 covers:

Pharmaceutical
Food & Beverages
Pulp & Paper
Chemical & Petrochemical
Water Treatment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)