Evaporator Market Report: Trends, Forecast and Competitive Analysis to 2030

Evaporator Trends and Forecast

The future of the global evaporator market looks promising with opportunities in the food & beverage, chemical, and pharmaceutical markets. The global evaporator market is expected to reach an estimated $25.2 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are rising demand for food and beverages industry, significant growth in the chemical sector, along with the growing population, rising healthcare needs, and developments in medical research and technology.

A more than 150-page report is developed to help in your business decisions.

Evaporator by Segment

The study includes a forecast for the global evaporator by type, material, end use, and region.

Evaporator Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Falling Film Evaporators
• Rising Film Evaporators
• Forced Circulation Evaporators
• Others

Evaporator Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Steel
• Copper
• Aluminum

Evaporator Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Food & Beverage
• Chemical
• Pharmaceuticals
• Others

0 by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Evaporator Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies evaporator companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the evaporator companies profiled in this report include-

• ENCON Evaporators
• Envisol Arvind
• Alfa Laval
• RELCO
• SPX Flow
• Sumitomo Heavy Industries
• Veolia Water Technologies

Evaporator Market Insights

Lucintel forecasts that steel is expected to witness the highest growth over the forecast period.

APAC will remain the largest region over the forecast period due to increased funding for research and development (r&d) projects with the goal of improving the infrastructure for pharmaceuticals and healthcare in the region.

Features of the Global Evaporator Market

Market Size Estimates: Evaporator market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Evaporator market size by type, material, end use, and region in terms of value ($B).

Regional Analysis: Evaporator market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, material, end use, and regions for the evaporator market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the evaporator market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the evaporator market size?

Answer: The global evaporator market is expected to reach an estimated $25.2 billion by 2030.

Q2. What is the growth forecast for evaporator market?

Answer: The global evaporator market is expected to grow with a CAGR of 4.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the evaporator market?

Answer: The major drivers for this market are rising demand for food and beverages industry, significant growth in the chemical sector, along with the growing population, rising healthcare needs, and developments in medical research and technology.

Q4. What are the major segments for evaporator market?

Answer: The future of the global evaporator market looks promising with opportunities in the food & beverage, chemical, and pharmaceutical markets.

Q5. Who are the key evaporator market companies?

Answer: Some of the key evaporator companies are as follows:

• ENCON Evaporators
• Envisol Arvind
• Alfa Laval
• RELCO
• SPX Flow
• Sumitomo Heavy Industries
• Veolia Water Technologies

Q6. Which evaporator market segment will be the largest in future?

Answer: Lucintel forecasts that steel is expected to witness the highest growth over the forecast period.

Q7. In evaporator market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to increased funding for research and development (r&d) projects with the goal of improving the infrastructure for pharmaceuticals and healthcare in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the evaporator market by type (falling film evaporators, rising film evaporators, forced circulation evaporators, and others), material (steel, copper, and aluminum), end use (food & beverage, chemical, pharmaceuticals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?