Global Mechanical Vapor Recompression (MVR) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Mechanical Vapor Recompression (MVR) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Mechanical vapor recompression (MVR) is an energy recovery process where energy is added to low-pressure vapor by compressing it to higher pressure. The result is a smaller volume of vapor at a higher temperature and pressure, which can be used to do useful work. Typically, the compressed vapor can be used to heat the mother liquor to produce the low-pressure vapor.

In MVR system evaporated vapors are compressed with the help of external energy say Compressor/Blower/Fan. The pressure of vapor is increased, with the increase in the vapor pressure condensation temperature of the vapor will increase. The higher-pressure vapor is used to further evaporate solvent from the mixture by exchanging its latent heat. In MVR system complete latent heat of vapor is utilized. Mechanical vapor recompression system (MVR) has potential to reduce thermal energy cost by more than 90%.

Market Overview:

The latest research study on the global Mechanical Vapor Recompression (MVR) market finds that the global Mechanical Vapor Recompression (MVR) market reached a value of USD 1017.6 million in 2022. It’s expected that the market will achieve USD 1689.78 million by 2028, exhibiting a CAGR of 8.82% during the forecast period.

Influence of COVID-19 Outbreak on Mechanical Vapor Recompression (MVR) Industry Development

From the perspective of upstream suppliers, the supply of raw materials is affected by the new crown epidemic, which causes delays in product manufacturing time and brings losses to manufacturers. And with the increase in the price of raw materials, the manufacturing costs of manufacturers have also risen, which is not conducive to the development of the industry. During the COVID-19 epidemic, equipment manufacturing and product manufacturing enterprises in Mechanical Vapor Recompression (MVR) industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Impact of Russia and Ukraine War

Impacts will flow through three main channels. One, higher prices for commodities like food and energy will push up inflation further, in turn eroding the value of incomes and weighing on demand. Two, neighboring economies in particular will grapple with disrupted trade, supply chains, and remittances as well as an historic surge in refugee flows. And three, reduced business confidence and higher investor uncertainty will weigh on asset prices, tightening financial conditions and potentially spurring capital outflows from emerging markets.
Russia and Ukraine are major commodities producers, and disruptions have caused global prices to soar, especially for oil and natural gas. Food costs have jumped, with wheat, for which Ukraine and Russia make up 30 percent of global exports, reaching a record.
The Russian-Ukrainian conflict led to the increase of commodity prices, resulting in the increase of manufacturing cost of mechanical vapor recompression (MVR) equipment. At the same time, the Russian-Ukrainian war caused economic depression in Europe, which affected the downstream market demand of mechanical vapor recompression (MVR) solution.

Demand for seawater desalination increases.

Driven by population growth, industrialization, rapid urbanization and climate change, the world urgently needs more clean water. The United Nations estimates that by 2050, the global water demand will surge by 30%. Even today, nearly 2 billion people all over the world still face the pressure of extreme water shortage all year round. As a result of these trends, seawater desalination has become an important measure to alleviate the global water shortage.
Seawater desalination is an important way for islands to obtain fresh water. Distillation desalination is the main process of seawater desalination. The application of MVR technology in seawater desalination has been widely promoted in various countries. The combined technology of multi-effect evaporation and MVR not only fully recovers the waste heat, but also has remarkable energy-saving effect and high thermal efficiency. In desert areas, water is as expensive as oil, and seawater desalination is the main way to solve the water problem. Global demand for desalination, especially in the Middle East and North Africa, drives the development of mechanical vapor recompression (MVR) industry.

Technological Development

Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors constantly developing new ideas and technologies. TLT-Turbo has developed a range of MVR fans-more innovative than those currently on the market. The hybrid ceramic bearings used in TLT-Turbo MVR fans are life time greased and can be operated for up to 10 years without requiring maintenance. The installation of an oil supply unit is not required which eliminates the risk of contamination by oil leakage in processes with high hygienic standards. In recent years, the performance range of PILLER blowers has grown considerably, primarily with the addition of VapoFan product line for small volume flows, and a current product line development to produce a temperature rise of up to 23K. Technology innovation provides new development opportunities for mechanical vapor recompression (MVR) suppliers.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (29.72% in 2022).

Company Overview:

Howden is one of the major players operating in the Mechanical Vapor Recompression (MVR) market, holding a share of 10.19% in 2022.

Howden

Manufacturer of heating, ventilation and air conditioning products based in Renfrew, United Kingdom. The company produces highly engineered fans, compressors, heat exchangers, steam turbines and other air and gas handling equipment and provides service, software and support to customers around the world in highly diversified end-markets and applications.

GEA

GEA is one of the world largest systems suppliers for the food, beverage and pharmaceutical sectors. GEA portfolio includes machinery and plants as well as advanced process technology, components and comprehensive services. Used across diverse industries, they enhance the sustainability and efficiency of production processes globally.

Segmentation Overview:

As for product types, the Less than 50ton/h segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Chemical Industry, with a market share of 29.83% in 2022.

Chemical Industry

Mechanical Vapor Recompression (MVR) is widely used in chemical industry for evaporation, crystallization, and purification.

Food and Beverage

Mechanical Vapor Recompression (MVR) is used for beverage industry (milk, juice, sugar, etc.) concentration and food industry (MSG, soy, protein, sugar) concentration.

Environmental Industry

Mechanical Vapor Recompression (MVR) is used for zero liquid discharge for industrial waste water treatment, salt brine concentration and RO brine concentration.

Key Companies in the global Mechanical Vapor Recompression (MVR) market covered in Chapter 3:

Suez
Piller
Chongqing Jiangjin
Turbovap
Sunevap
Leheng
GEA
ALFA LAVAL
SPX Flow
Yixing Fuxi
Gardner Denver
Leke
Dedert
Shaanxi Blower
ANDRITZ
Jintongling
IDE
Sasakura
Howden

In Chapter 4 and Chapter 14.2, on the basis of types, the Mechanical Vapor Recompression (MVR) market from 2018 to 2029 is primarily split into:

Less than 50ton/h
50ton/h-100ton/h
More than 100ton/h

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Mechanical Vapor Recompression (MVR) market from 2018 to 2029 covers:

Chemical Industry
Food and Beverage
Environmental Industry

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) 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)