“Industrial Evaporators Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial evaporators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for industrial evaporators? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The industrial evaporators market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Natural/Forced Circulation Evaporator; Falling Film Evaporator; Rising Film Evaporator; Multiple Effect Evaporator; Agitated Thin Film Evaporator; LPG Storage Tank; MVC Evaporator; Electron Beam Evaporator; Other Types
- 2) By End-User: Pharmaceutical; Chemical And Petrochemical; Electronics And Semiconductor; Pulp And Paper; Food And beverage; Automotive; Other End-Users
- Companies Mentioned: ADF Systems Inc.; Alaqua Inc.; BUCHI Labortechnik AG; Coastal Technologies Group Inc.; ENCON Evaporators
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the industrial evaporators market are: ADF Systems Inc., Alaqua Inc., BUCHI Labortechnik AG, Coastal Technologies Group Inc., ENCON Evaporators, EDI Environmental Dynamics International, General Electric Company Inc., Johnson Controls International, Kmu Loft Cleanwater Gmbh, Mech-Chem Associates Inc., Technoforce Solutions India Pvt Ltd., Thermal Kinetics Engineering, Alfa Laval AB, Belmar Technologies Ltd., Coilmaster Corporation, Colmac Coil Manufacturing Inc., and De Dietrich Process Systems.
The global industrial evaporators market is expected to grow from $36.51 billion in 2022 to $38.94 billion in 2023 at a compound annual growth rate (CAGR) of 6.65%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial evaporators market is expected to reach $48.82 billion in 2027 at a CAGR of 5.81%.
The industrial evaporators market consists of sales of shell & tube evaporators and plate evaporators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
An industrial evaporator is referred to as being required for converting liquid into gaseous form, which is then collected if required. The industrial evaporator is used in various food and non-food industries for water distillation units and processing systems.
Asia-Pacific was the largest region in the industrial evaporators market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial evaporators report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of industrial evaporators are natural/forced circulation evaporators, falling film evaporators, rising film evaporators, multiple effect evaporators, agitated thin film evaporators, LPG storage tanks, MVC evaporators, electron beam evaporators, and other types. The falling film evaporators are used to recover solvent and produce high-quality cannabis extract oil. A falling film evaporator refers to a machine used to separate two or more substances with different boiling point temperatures. The industrial evaporators are used in pharmaceutical, chemical & petrochemical, electronics & semiconductor, pulp & paper, food & beverage, automotive and other end-users.
The growth in the food and beverage industries is driving demand for the industrial evaporators market. The food and beverage industry refers to the inclusion of restaurants, cafeterias, cafes, fast-food joints, pubs, delis, food manufacturing operations, catering businesses, food transportation services, and more. Foods are concentrated using industrial evaporators, which employ heat to evaporate the water from the food. For instance, according to the Food and Drink Federation, a London-based organization that advocates and guides UK food and beverage producers, in 2021, food and drink manufacturing contributed $35.31 billion (£30 billion) to the UK economy, growing by 4.2% from 2020. The industry has more than $131.83 billion (£112 billion) turnover, accounting for 20% of total UK manufacturing. Therefore, the increase in the food and beverage industries is driving the market for industrial evaporators.
Product innovation is a key trend in the industrial evaporation market. Major market players are focusing their efforts on creating innovative evaporators for fast, safe, and environmentally friendly removal of all commonly used solvents and acids. For instance, in October 2021, SP Industries (SP), a US-based manufacturer of specialty equipment, launched SP Genevac EZ-2 4.0 Benchtop Evaporator for safe and eco-friendly elimination of all regularly used acids and solvents. The new EZ-2 4.0 evaporator has a modern design and an intuitive touch screen and represents a major step forward in evaporation technology.
In January 2022, De Dietrich Process Systems, an India-based comprehensive solutions company, acquired Zean Engineering for an undisclosed amount. With this acquisition, the De Dietrich Process Systems Group combines its international network strength with technical expertise of Zean Engineering for customers' benefit. Zean Engineering is a Spain-based manufacturer of thin film evaporators that allow the distillation at a high vacuum of temperature-sensitive products.
The countries covered in the Industrial Evaporators market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The industrial evaporators market research report is one of a series of new reports from The Business Research Company that provides industrial evaporator market statistics, including industrial evaporator industry global market size, regional shares, competitors with an industrial evaporator market share, detailed industrial evaporator market segments, market trends and opportunities, and any further data you may need to thrive in the industrial evaporator industry. This industrial evaporator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Table of Contents
1. Executive Summary
2. Industrial Evaporators Market Characteristics
3. Industrial Evaporators Market Trends And Strategies
4. Industrial Evaporators Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Industrial Evaporators Market
- 4.2. Ukraine-Russia War Impact On Industrial Evaporators Market
- 4.3. Impact Of High Inflation On Industrial Evaporators Market
5. Industrial Evaporators Market Size And Growth
- 5.1. Global Industrial Evaporators Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Industrial Evaporators Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Industrial Evaporators Market Segmentation
- 6.1. Global Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Natural/Forced Circulation Evaporator
- Falling Film Evaporator
- Rising Film Evaporator
- Multiple Effect Evaporator
- Agitated Thin Film Evaporator
- LPG Storage Tank
- MVC Evaporator
- Electron Beam Evaporator
- Other Types
- 6.2. Global Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Pharmaceutical
- Chemical And Petrochemical
- Electronics And Semiconductor
- Pulp And Paper
- Food And beverage
- Automotive
- Other End-Users
7. Industrial Evaporators Market Regional And Country Analysis
- 7.1. Global Industrial Evaporators Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Industrial Evaporators Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Industrial Evaporators Market
- 8.1. Asia-Pacific Industrial Evaporators Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Industrial Evaporators Market
- 9.1. China Industrial Evaporators Market Overview
- 9.2. China Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Industrial Evaporators Market
- 10.1. India Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Industrial Evaporators Market
- 11.1. Japan Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Industrial Evaporators Market
- 12.1. Australia Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Industrial Evaporators Market
- 13.1. Indonesia Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Industrial Evaporators Market
- 14.1. South Korea Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Industrial Evaporators Market
- 15.1. Western Europe Industrial Evaporators Market Overview
- 15.2. Western Europe Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Industrial Evaporators Market
- 16.1. UK Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Industrial Evaporators Market
- 17.1. Germany Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Industrial Evaporators Market
- 18.1. France Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Industrial Evaporators Market
- 19.1. Eastern Europe Industrial Evaporators Market Overview
- 19.2. Eastern Europe Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Industrial Evaporators Market
- 20.1. Russia Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Industrial Evaporators Market
- 21.1. North America Industrial Evaporators Market Overview
- 21.2. North America Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Industrial Evaporators Market
- 22.1. USA Industrial Evaporators Market Overview
- 22.2. USA Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Industrial Evaporators Market
- 23.1. South America Industrial Evaporators Market Overview
- 23.2. South America Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Industrial Evaporators Market
- 24.1. Brazil Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Industrial Evaporators Market
- 25.1. Middle East Industrial Evaporators Market Overview
- 25.2. Middle East Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Industrial Evaporators Market
- 26.1. Africa Industrial Evaporators Market Overview
- 26.2. Africa Industrial Evaporators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Industrial Evaporators Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Industrial Evaporators Market Competitive Landscape And Company Profiles
- 27.1. Industrial Evaporators Market Competitive Landscape
- 27.2. Industrial Evaporators Market Company Profiles
- 27.2.1. ADF Systems Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Alaqua Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. BUCHI Labortechnik AG
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Coastal Technologies Group Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. ENCON Evaporators
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Industrial Evaporators Market
29. Industrial Evaporators Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer