Industrial Evaporators Market by Construction, Type, Distribution Channel, End-Use

Description

List of Tables

[197 Pages Report] The Industrial Evaporators Market size was estimated at USD 19.67 billion in 2023 and expected to reach USD 20.73 billion in 2024, at a CAGR 5.57% to reach USD 28.75 billion by 2030.

Industrial evaporators are specialized devices used in various industries to concentrate a solution by evaporating the solvent, typically water, from the solution. This process is crucial in manufacturing and treatment processes where a volume reduction of product or concentration increment is required. These evaporators are extensively used in chemical, pharmaceutical, food & beverage, and wastewater treatment industries. The growth in the food & beverage industry, owing to higher consumer demand for processed foods, has led to an increase in the use of industrial evaporators. These devices are critical in concentrating flavors, additives, and other essential food & beverage ingredients. Government support for expanding water treatment and wastewater treatment facilities creates a surge in demand for industrial evaporators as such facilities widely utilize them to meet stringent discharge regulations by recycling untreated waters back into their processes. However, evaporation is energy-intensive, restricting the adoption of industrial evaporators among energy-conscious sectors. Moreover, limitations associated with the machinery's performance scalability and fouling can create concerns about the reliability of industrial evaporators. Innovations focusing on reducing the energy consumption of evaporators can expand their appeal and utility across more industries.

KEY MARKET STATISTICS
Base Year [2023]	USD 19.67 billion
Estimated Year [2024]	USD 20.73 billion
Forecast Year [2030]	USD 28.75 billion
CAGR (%)	5.57%

Regional Insights

The industrial evaporator market in the Americas region, particularly in the United States and Canada, is robust, largely driven by the presence of highly established end-use industries such as pharmaceuticals, food and beverages, and wastewater treatment. Investment in research and development in the region is robust, catering to the evolving needs of these industries. Recent trends showcase innovations focused on minimizing energy consumption and enhancing condensation methods that could potentially redefine industry standards. EU countries display a keen focus on environmental sustainability, which strongly influences their industrial processes. Industrial evaporators in these regions are essential in sectors such as chemical manufacturing, food production, and waste management. The EU's stringent regulations on emissions and waste treatment standards drive the market toward highly efficient and technologically advanced evaporators. Ongoing initiatives include substantial investments in optimizing evaporator technologies to align with the EU's green economy goals. In the MEA region, evaporators are widely deployed in desalination plants and the mining industry. The APAC nations, especially China, Japan, and India, exhibit significant growth in the industrial evaporators market. These countries feature robust manufacturing sectors, growing pharmaceutical industries, and expanding wastewater treatment facilities. Consumer needs are oriented toward cost-effective and scalable solutions due to rapid industrialization and environmental challenges such as pollution control.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Industrial Evaporators Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rapid expansion of the food & beverage industry
- Growing adoption of zero liquid discharge technology across industries

Market Restraints
- High cost and maintenance of industrial evaporators

Market Opportunities
- Innovations in evaporator design and functionality
- Potential of electric beam-based industrial evaporators in the semiconductor industry

Market Challenges
- Compatibility issues and integration challenges associated with industrial evaporators

Market Segmentation Analysis
- Construction Type: Expanding adoption of shell & tube evaporators owing to their versatility and capacity to handle large volumes
- Type: Proliferating preference of the agitated thin film evaporators for high-viscosity and sensitive materials
- Distribution Channel: Evolving aftermarket distribution channel for industrial evaporators
- End-Use: Adoption of industrial evaporators to facilitate the concentration and purification of a wide range of chemicals

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial Evaporators Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial Evaporators Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Honkajoki Oy Integrates Energy-Efficient Evaporator to Boost Efficiency and Reduce Environmental Impact

Honkajoki Oy elected to enhance its operational capacity with an energy-efficient evaporator. This advancement aims to upscale its production while significantly trimming energy consumption, aligning with its sustainability targets. Introducing this new evaporator supports their production and increases their commitment to reducing their carbon footprint, reinforcing their competitive edge in the market. This move is part of a broader strategic initiative that integrates cutting-edge technology to ensure energy efficiency, setting a standard for industry practices in sustainability. [Published On: 2024-04-23]

Evapco's New Ejet Evaporator Enhances Performance and Efficiency

U.S. manufacturer Evapco introduced an Ejet-branded evaporator as part of their VersaSplit system at the IIAR 2024 Natural Refrigeration Conference. It is a mega-split low-charge ammonia refrigeration system launched in October 2023 globally. VersaSplit features up to six remote DX evaporators that operate at varying temperatures. The Ejet technology significantly improves the capacity and efficiency of traditional DX evaporators, closely matching those of pumped liquid recirculation systems while maintaining low ammonia charge and stable operation. [Published On: 2024-04-10]

Fives Enhance Sugar Production in Western Europe with Advanced Falling Film Evaporators

Fives successfully installed six high-efficiency falling film evaporators at sugar production facilities in Western Europe, enhancing operational efficiency and sustainability. These evaporators are designed to significantly reduce energy consumption and carbon footprint by leveraging Fives' proprietary heat transfer technology. This technological advancement optimizes the sugar extraction process and aligns with the industry's move toward more eco-friendly manufacturing practices. [Published On: 2024-03-19]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial Evaporators Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Industrial Evaporators Market, highlighting leading vendors and their innovative profiles. These include 3V Tech S.p.A., Alfa Laval AB, ANDRITZ Group, Belmar Technologies Ltd., Bucher Industries AG, Buchi Labortechnik AG, Caloris Engineering, LLC, Colmac Coil Manufacturing, Inc., Dedert Corporation, Ecodyst, ENCON Evaporators, EVAPCO, Inc., Fives Group, GEA Group AG, Hebei Leheng Energy Saving Equipment Co. Ltd., IWE, John Bean Technologies Corporation, Kovalus Separation Solutions, Inc., KWS Evaporators Pvt Ltd, LCI Corporation, PRAB, Rufouz Hitek Engineers Private Limited., Saltworks Technologies Inc., Shachi Engineering Pvt. Ltd., Shanghai SENON Co., Ltd., Siddhi Vinayak Engineering, SMI Evaporative Solutions, SPX Flow, Inc., Sumitomo Heavy Industries, Ltd., SVAAR Process Solutions Pvt. Ltd., Swaraj Herbal Plants Pvt. Ltd., Swenson Technology, Inc., Veolia Group, and Vobis, LLC.

Market Segmentation & Coverage

This research report categorizes the Industrial Evaporators Market to forecast the revenues and analyze trends in each of the following sub-markets:

Construction
- Bare Tube Evaporators
- Finned Tube Evaporators
- Plate Surface Evaporators
- Shell & Tube Evaporators

Type
- Agitated Thin Film Evaporators
- Falling Film Evaporators
- Forced Circulation Evaporators
- Mechanical Vapor Recompression
- Rising Film Evaporators

Distribution Channel
- Aftermarket
- Original Equipment Manufacturers

End-Use
- Chemical
- Food & Beverage
- General Industrials & Power
- Home Care
- Horticulture
- HVAC
- Mining
- Pasteurized Proteins
- Personal Care
- Pharmaceutical
- Pulp & Paper
- Recreational Marine
- Refining, Midstream O&G
- Waste & Wastewater Treatment

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-0D217D5AD744

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rapid expansion of the food & beverage industry
  - 5.1.1.2. Growing adoption of zero liquid discharge technology across industries
- 5.1.2. Restraints
  - 5.1.2.1. High cost and maintenance of industrial evaporators
- 5.1.3. Opportunities
  - 5.1.3.1. Innovations in evaporator design and functionality
  - 5.1.3.2. Potential of electric beam-based industrial evaporators in the semiconductor industry
- 5.1.4. Challenges
  - 5.1.4.1. Compatibility issues and integration challenges associated with industrial evaporators
5.2. Market Segmentation Analysis
- 5.2.1. Construction Type: Expanding adoption of shell & tube evaporators owing to their versatility and capacity to handle large volumes
- 5.2.2. Type: Proliferating preference of the agitated thin film evaporators for high-viscosity and sensitive materials
- 5.2.3. Distribution Channel: Evolving aftermarket distribution channel for industrial evaporators
- 5.2.4. End-Use: Adoption of industrial evaporators to facilitate the concentration and purification of a wide range of chemicals
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Industrial Evaporators Market, by Construction

6.1. Introduction
6.2. Bare Tube Evaporators
6.3. Finned Tube Evaporators
6.4. Plate Surface Evaporators
6.5. Shell & Tube Evaporators

7. Industrial Evaporators Market, by Type

7.1. Introduction
7.2. Agitated Thin Film Evaporators
7.3. Falling Film Evaporators
7.4. Forced Circulation Evaporators
7.5. Mechanical Vapor Recompression
7.6. Rising Film Evaporators

8. Industrial Evaporators Market, by Distribution Channel

8.1. Introduction
8.2. Aftermarket
8.3. Original Equipment Manufacturers

9. Industrial Evaporators Market, by End-Use

9.1. Introduction
9.2. Chemical
9.3. Food & Beverage
9.4. General Industrials & Power
9.5. Home Care
9.6. Horticulture
9.7. HVAC
9.8. Mining
9.9. Pasteurized Proteins
9.10. Personal Care
9.11. Pharmaceutical
9.12. Pulp & Paper
9.13. Recreational Marine
9.14. Refining, Midstream O&G
9.15. Waste & Wastewater Treatment

10. Americas Industrial Evaporators Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Industrial Evaporators Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Industrial Evaporators Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Honkajoki Oy Integrates Energy-Efficient Evaporator to Boost Efficiency and Reduce Environmental Impact
- 13.3.2. Evapco's New Ejet Evaporator Enhances Performance and Efficiency
- 13.3.3. Fives Enhance Sugar Production in Western Europe with Advanced Falling Film Evaporators
- 13.3.4. Strategic Partnership Advances Laboratory Efficiency with Innovative Evaporative Solutions
- 13.3.5. Colmac Coil Advances Food Safety with Ammonia Evaporators in the U.S. Meat Processing Facilities
- 13.3.6. Sun Capital Partners Acquires Koch Separation Solutions to Bolster Market Position
- 13.3.7. HRS Heat Exchangers Completes Record-Breaking Evaporator Project
- 13.3.8. Enhancing Laboratory Efficiency with Advanced Rotary Evaporator Systems
- 13.3.9. Cohline Adopts New ET-50 Evaporator to Enhance Sustainability and Efficiency in Operations
13.4. Strategy Analysis & Recommendation
- 13.4.1. GEA Group AG
- 13.4.2. Alfa Laval AB
- 13.4.3. Sumitomo Heavy Industries, Ltd.
- 13.4.4. EVAPCO, Inc.
- 13.4.5. Hebei Leheng Energy Saving Equipment Co. Ltd.

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio