Industrial Evaporators Market

Market Overview:

The global industrial evaporators market size reached US$ 20.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032. The rising product utilization in the food and beverage (F&B) industry, widespread product adoption in water treatment applications and the increasing product demand in the pharmaceutical industry represent some of the key factors driving the market.

Industrial evaporators are devices that convert liquid into a gaseous state through the heat transfer process. They are manufactured using various components, such as heat exchangers, condensers, manifolds, controls, and pumps. Industrial evaporators are widely used in food processing, drug manufacturing, purification of chemicals, wastewater treatment, heating, ventilation, and air conditioning (HVAC) systems. They are simple and easy-to-use devices that require minimal energy, reduce operating costs, meet regulatory standards, and improve product stability. Industrial evaporators are also easy to clean and meet high hygiene requirements making them ideal for handling edible products. As a result, they find extensive applications across the food and beverage (F&B), pharmaceutical, chemical, oil and gas, automotive, and semiconductor industries.

Industrial Evaporators Market Trends:

The rising product utilization in the food and beverage (F&B) industry is one of the primary factors driving the market growth. Industrial evaporators are widely used to remove moisture, increase the total solid content, and reduce the bulk density of various edible products, such as juices, jams, sauces, noodles, dairy products, tomato purees, and coffee extract. In addition to this, the escalating application of industrial evaporators for herbal extracts, whey, and milk proteins due to the increasing health consciousness and rising preference for nutritious food is facilitating the market growth. Furthermore, the widespread product utilization in water treatment applications as a cost-effective method to desalinate seawater and remove dissolved minerals and other substances is providing an impetus to the market growth. Along with this, rising product demand due to the widespread adoption of zero liquid discharge (ZLD) and minimal liquid discharge (MLD) technologies in industrial manufacturing is acting as another growth-inducing factor. Additionally, the recent development of double jacket thin film evaporators, which incorporate pre-heater, flash tank, and thin-film evaporator in a single device that reduces cost, saves space, simplifies operations, and minimizes energy loss, is positively influencing the market growth. Moreover, increasing product utilization in the chemical industry to produce dyes, paints, pigments, aluminum nitrate, glycerine, and purify various organic compounds, such as fatty acids and natural oils, is favoring the market growth. Other factors, including rising product utilization in the pharmaceutical industry to remove excess moisture from drugs and improve product stability, the increasing product demand in the marine industry to produce fresh water, and widespread product adoption in semiconductor manufacturing for the deposition process, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global industrial evaporators market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on type, functionality, and end user. 

Type Insights: 

• Shell and Tube
• Plate
   

The report has also provided a detailed breakup and analysis of the industrial evaporators market based on the type. This includes shell and tube and plate. According to the report, shell and tube represented the largest segment.

Functionality Insights: 

• Falling Film 
• Rising Film 
• Forced Circulation
• Agitated Film
• Mechanical Vapor
• Recompression
   

A detailed breakup and analysis of the industrial evaporators market based on the functionality has been provided in the report. This includes falling film, rising film, forced circulation, agitated film, mechanical vapor, and recompression. According to the report, mechanical vapor accounted for the largest market share.

End User Insights: 

• Pharmaceutical
• Pulp and Paper
• Chemical and Petrochemical
• Electronics and Semiconductor
• Automotive
• Food and Beverages
   

A detailed breakup and analysis of the industrial evaporators market based on the end user has been provided in the report. This includes pharmaceutical, pulp and paper, chemical and petrochemical, electronics and semiconductor, automotive, and food and beverages. According to the report, food and beverages accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for industrial evaporators. Some of the factors driving the Asia Pacific industrial evaporators market include rapid industrialization, increasing investment by end users, growing awareness regarding wastewater treatment.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global industrial evaporators market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 3V Tech S.p.A., Alaqua Inc, Alfa Laval AB, Belmar Technologies Ltd., Condorchem Envitech, De Dietrich Process Systems, ENCON Evaporators, Equipment Manufacturing Corporation, GEA Group AG, Kmu Loft Cleanwater Gmbh, SPX Flow Inc., Suez Waters USA Incorporated (Suez SA), Technoforce Solutions India Pvt Ltd., Thermal Kinetics Engineering (RCM Technologies Inc.), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report. 

Report Coverage:

Key Benefits for Stakeholders: 

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the industrial evaporators market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global industrial evaporators market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the industrial evaporators industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.