Report Id: SNS/C&M/2560 | July 2022 | Region: Global | 135 Pages
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.
Market Dynamics:
Drivers:
Expansion of the food and beverage sector.
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.
Key Players:
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),
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
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
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 (FAQ) :
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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