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Report Scope & Overview:

Industrial Evaporators Market Size was valued at USD 20.58 billion in 2022, and is expected to reach USD 30.40 billion by 2030, and grow at a CAGR of 5.0% over the forecast period 2023-2030.

Recent years have seen an increase in the consumption of flavoured milk, particularly in developing nations, due to reasons including the expansion in urbanisation, economic prosperity, and the rising per capita income levels. Due to the rising popularity of flavoured milk among consumers of all ages, nations like India have huge potential for market expansion. In countries in the region, including Asia and Latin America, demand for flavoured milk will significantly rise due to consumers' growing taste for more nutrient-dense foods. According to this market research report, one of the main reasons that would favourably affect this market's growth over the coming few years is the rising popularity of flavoured milk.

Industrial Evaporators Market Revenue Analysis

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Market Dynamics:

Drivers:

Restraints:

  • High expenditures for manufacture and upkeep

Opportunity:

  • Industrial evaporator producers will benefit from the industrialization of developing nations

Challenge:

  • Inadequately skilled workforce

Impact of COVID-19:

The pandemic of 2020 had a significant effect on the industrial sector globally and significantly slowed down industrial activity. In 2020, sales of industrial vacuum evaporation systems had a negative growth pattern, which caused significant losses for a number of major firms globally.

Shipments of industrial vacuum evaporation systems are anticipated to go up when the world returns to normal and industrial facilities resume their production capacity in the post-pandemic age.

Market Segmentation:

By Construction Type

  • Shell & Tube Evaporators

  • Plate Evaporators

By Functionality

  • Falling Film Evaporators

  • Rising Film Evaporators

  • Forced Circulation Evaporators

  • Agitated Thin Film Evaporators

  • Mechanical Vapor Recompression

  • Others

By End-Use Industry

  • Pharmaceutical

  • Chemical & Petrochemical

  • Electronics & Semiconductor

  • Pulp & Paper

  • Food & beverage

  • Automotive

  • Others

Industrial Evaporators Market Segmentation Analysis

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Regional Analysis:

The Global Industrial Evaporators Market is divided into North America, Europe, Asia-Pacific, and the Rest of the World based on geography (RoW). The industrial evaporators market is anticipated to be dominated by North America. Asia-Pacific is anticipated to grow more quickly throughout the projected period due to rising investment in the research & development process and acceptance of solutions in the area.

Market growth is anticipated to be further fueled by the expanding number of competitors in the industrial evaporators market across geographies. Moreover, during the course of the study, the market is anticipated to be supported by rising investments made by notable vendors in product capabilities and business growth. In growing economies like China and India, where the enormous populations are combined with recent advances in a variety of industries, many market participants are discovering attractive prospects.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

The Key Players are Sumitomo Heavy Industries, Ltd. (Japan), Veolia Water Technologies (France), Saltworks Technologies Inc. (Canada), JEOL Ltd. (Japan), Colmac Coil Manufacturing, Inc. (US), GEA Group AG (Germany), De Dietrich Process Systems (France), Coilmaster Corporation (US), SPX Flow Inc. (US), Belmar Technologies Ltd. (England), SUEZ Water Technologies & Solutions (France) & Other Players.

Veolia Water Technologies (France)-Company Financial Analysis

Industrial Evaporators Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 20.58 Billion
Market Size by 2030 US$ 30.40 Billion
CAGR CAGR of 5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By construction type (Shell & Tube Evaporators, Plate Evaporators)
• By functionality (Falling Film Evaporators, Rising Film Evaporators, Forced Circulation Evaporators, Agitated Thin Film Evaporators, Mechanical Vapor Recompression, Others)
• By end-use industry (Pharmaceutical, Chemical & Petrochemical, Electronics & Semiconductor, Pulp & Paper, Food & beverage, Automotive, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Sumitomo Heavy Industries, Ltd. (Japan), Veolia Water Technologies (France), Saltworks Technologies Inc. (Canada), JEOL Ltd. (Japan), Colmac Coil Manufacturing, Inc. (US), GEA Group AG (Germany), De Dietrich Process Systems (France), Coilmaster Corporation (US), SPX Flow Inc. (US), Belmar Technologies Ltd. (England), SUEZ Water Technologies & Solutions (France)
Key Drivers • Expansion of the food and beverage sector.
RESTRAINTS • High expenditures for manufacture and upkeep.

Frequently Asked Questions

The market size for the Industrial Evaporators Market was valued at USD 20.58 billion in 2022.

The inadequately skilled workforce is the key challenge for the Industrial Evaporators Market.

The leading players in the Industrial Evaporators Market include Sumitomo Heavy Industries, Ltd. (Japan), Veolia Water Technologies (France), Saltworks Technologies Inc. (Canada), JEOL Ltd. (Japan), Colmac Coil Manufacturing, Inc. (US), GEA Group AG (Germany), De Dietrich Process Systems (France), Coilmaster Corporation (US), SPX Flow Inc. (US), Belmar Technologies Ltd. (England), and SUEZ Water Technologies & Solutions (France).

The expected CAGR of the Industrial Evaporators Market is 5.0% during the forecast period 2023-2030.

North American region dominated the Industrial Evaporators Market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

8.Industrial Evaporators Market Segment, By construction type

8.1 Shell & Tube Evaporators

8.2 Plate Evaporators

9.Industrial Evaporators Market Segment, By functionality

9.1 Falling Film Evaporators

9.2 Rising Film Evaporators

9.3 Forced Circulation Evaporators

9.4 Agitated Thin Film Evaporators

9.5 Mechanical Vapor Recompression

9.6 Others

10.Industrial Evaporators Market Segment, By end-use industry

10.1 Pharmaceutical

10.2 Chemical & Petrochemical

10.3 Electronics & Semiconductor

10.4 Pulp & Paper

10.5 Food & beverage

10.6 Automotive

10.7 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profile

12.1 Sumitomo Heavy Industries, Ltd. (Japan)

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Veolia Water Technologies (France)

12.3 Saltworks Technologies Inc. (Canada)

12.4 JEOL Ltd. (Japan)

12.5 Colmac Coil Manufacturing, Inc. (US)

12.6 GEA Group AG (Germany)

12.7 De Dietrich Process Systems (France)

12.8 Coilmaster Corporation (US)

12.9 SPX Flow Inc. (US)

12.10 Belmar Technologies Ltd. (England)

12.11 SUEZ Water Technologies & Solutions (France)

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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