Vacuum Evaporators Market Analysis | 2023-2028

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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Market Dynamics

Introduction 

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.

Market Drivers

The major factors driving the growth of the vacuum evaporators market 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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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.

Note: The above list does not necessarily include all the top players in the market.

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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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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects vacuum evaporators market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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 vacuum evaporators 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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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.