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  • Vacuum Evaporators Market Growth Analysis | 2023-2028

    Vacuum Evaporators Market Growth Analysis | 2023-2028

    Vacuum Evaporators Market Growth Analysis | 2023-2028
    Report code - SRCE290 Delivery - 2 Weeks
    Vacuum Evaporators Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis&n See more...

    Market Insights

    The vacuum evaporators market was estimated at USD 2.58 billion in 2022 and is likely to grow at a CAGR of 6.54% during 2023-2028 to reach USD 3.79 billion in 2028.

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    What is vacuum evaporation? 

    Vacuum evaporation is the process of evaporating liquid at a lower-than-normal temperature by reducing the pressure in a liquid-filled container below the vapor pressure of the liquid. It is used to increase the concentration of substances dissolved in water. Vacuum evaporators are the most effective technologies for the treatment of industrial wastewater and minimizing the quantity of waste to dispose of.

    Vacuum Evaporators Market Highlights

    Market Size in 2022

    USD 2.58 billion

    Market Size in 2028

    USD 3.79 billion

    Market Growth (2023-2028)

    6.54% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    The prime factors contributing to the demand for vacuum evaporators are-

    • The increasing use of zero liquid discharge systems in industries such as chemical & petrochemical, textile, pharmaceutical, food & beverage, automotive, and paper & pulp,
    • Rising concern over wastewater disposal.
    • Stringent environmental regulations.
    • Water scarcity across the globe.

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    Segment Analysis

    By Technology Type

    Based on the technology type, the market is segmented into mechanical vapor compression, heat pump, and thermal. Mechanical vapor recompression accounted for the largest share in 2022 and is expected to grow at the highest CAGR during the forecast period. The mechanical vapor recompression technology is newer compared to thermal vapor recompression and is rapidly replacing the latter; although mechanical vapor recompression vacuum evaporators are costlier and consume more energy compared to other vacuum evaporators.

    By Application Type

    Based on the application type, the market is segmented as wastewater treatment, product processing, and others. Wastewater treatment dominated the market in 2022 and is expected to remain dominant during the forecast period. Rising concerns over wastewater disposal, stringent environmental regulations, and water scarcity across the globe are likely to drive the market. Increasing use of zero liquid discharge systems in end-use industries including chemical & petrochemical, textile, pharmaceutical, food & beverage, automotive, and paper & pulp to further drive the market.

    Regional Insights

    In terms of regions, North America is estimated to remain the largest market for vacuum evaporators during the forecast period due to increasing environmental concerns among the people and stringent government regulations related to wastewater disposal from the industries. However, Asia-Pacific is expected to register the highest growth (CAGR) with rapid industrialization, growing manufacturing industry, and infrastructural growth along with increasing awareness related to the environment in countries such as China and India.

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Technology Type

    • Heat Pump
    • Mechanical Vapor Recompression
    • Thermal

    By Application Type

    • Wastewater Treatment
    • Product Processing
    • Others

    By End-Use Industry Type

    • Chemical & Petrochemical
    • Electronics & Semiconductor
    • Energy & Power
    • Food & Beverages
    • Pharmaceuticals
    • Automotive
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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    Key Players

    Some of the major vacuum evaporator manufacturers are-

    • Veolia Water Technologies
    • SPX Flow Inc.
    • JEOL Ltd.
    • Condorchem Envitech
    • Eco-Techno S.R.L.
    • Suez Water Technologies & Solutions
    • GEA Group AG
    • De Dietrich Process Systems
    • Sanshin Mfg. Co. Ltd.
    • Lenntech
    • others.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Vacuum Evaporators Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by end-use industry type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Vacuum evaporation is the process of evaporating liquid at a lower than normal temperature by reducing the pressure in a liquid-filled container below the vapor pressure of the liquid. It is used to increase the concentration of substances dissolved in water. Vacuum evaporators are the most effective technologies for the treatment of industrial wastewater and minimizing the quantity of waste to dispose of.

    The vacuum evaporators market was estimated at USD 2.58 billion in 2022.

    The vacuum evaporators market is likely to reach USD 3.79 billion in 2028.

    The vacuum evaporators market is expected to witness an impressive growth of 6.54% CAGR.

    Veolia Water Technologies, SPX Flow Inc., JEOL Ltd., Condorchem Envitech, Eco-Techno S.R.L., Suez Water Technologies & Solutions, GEA Group AG, De Dietrich Process Systems, Sanshin Mfg. Co. Ltd., Lenntech, and others.

    North America is expected to hold the largest share of the market.

    Wastewater treatment and mechanical vapor recompression are expected to be the most dominant segment in the market.

    Increasing uses of zero liquid discharge systems in industries such as chemical & petrochemical, textile, pharmaceutical, food & beverage, automotive, and paper & pulp, rising concern over wastewater disposal, stringent environmental regulations, and water scarcity across the globe are the factors driving the growth of the market.