What Does the Historical and Current Industrial Evaporators Market Size Trend Indicate?
The industrial evaporators market has seen considerable growth due to a variety of factors.
• There has been a robust growth in the size of the industrial evaporators market in the past few years. The market, which stood at $40.85 billion in 2024, is forecasted to rise to $43.31 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.0%.
Factors such as environmental norms, water shortage, expansion in the food and beverage sector, modifications in labor charges, and a surge in worldwide trade, have contributed to the growth during the historic era.
What Does Future Hold for The Industrial Evaporators Market Size?
The industrial evaporators market is expected to maintain its strong growth trajectory in upcoming years.
• The market for industrial evaporators is projected to experience significant expansion in the upcoming years, with an expected valuation of $55.06 billion in 2029 and a Compound Annual Growth Rate (CAGR) of 6.2%.
The anticipated growth within the forecast timeframe is owed to factors such as the incorporation of renewable energy, the emergence of smart manufacturing, the expansion of biotechnology and pharmaceutical sectors, the shift to decentralized manufacturing paradigms, and process digitalization. Key trends that will mark the forecast period encompass zero liquid discharge (ZLD) solutions, the evolution towards energy-conserving evaporators, the utilization of membrane-based evaporation technologies, the development of hybrid evaporation systems, and the widespread use of evaporative cooling.
What Are The Key Drivers Fueling Growth In The Industrial Evaporators Market?
The industrial evaporators market is experiencing a surge in demand driven by the expansion of the food and beverage sectors. The term food and beverage industry encompasses a wide array of businesses including restaurants, fast-food outlets, cafeterias, pubs, delis, food production companies, catering services, and food transportation among others. The concentrating of foods is achieved using industrial evaporators which apply heat to remove water content. In a report by the Common Thread Collective, a U.S-based e-commerce growth consultancy firm, it was noted that the global food and beverage sales for April 2022 stood at $506 billion, a figure projected to escalate to $857 billion by 2025. This anticipated growth in the food and beverage sectors is subsequently stimulating the industrial evaporators market.
What Is The Segmentation Of The Global Industrial Evaporators Market?
The industrial evaporators market covered in this report is segmented –
1) By Type: Natural Or 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
Subsegments:
1) By Natural Or Forced Circulation Evaporator: Natural Circulation Evaporator, Forced Circulation Evaporator
2) By Falling Film Evaporator: Vertical Falling Film Evaporator, Horizontal Falling Film Evaporator
3) By Rising Film Evaporator: Vertical Rising Film Evaporator, Horizontal Rising Film Evaporator
4) By Multiple Effect Evaporator: Two-Effect Evaporator, Three-Effect Evaporator, Four-Effect Evaporator
5) By Agitated Thin Film Evaporator: Batch Agitated Thin Film Evaporator, Continuous Agitated Thin Film Evaporator
6) By LPG Storage Tank: Vertical LPG Storage Tank, Horizontal LPG Storage Tank
7) By MVC (Mechanical Vapor Compression) Evaporator: Single-Stage MVC Evaporator, Multi-Stage MVC Evaporator
8) By Electron Beam Evaporator: Thermal Electron Beam Evaporator, Plasma Electron Beam Evaporator
9) By Other Types: Spray Evaporator, Freeze Evaporator
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What Emerging Trends Are Shaping The Industrial Evaporators Market?
Leading firms in the industrial evaporation sector are innovating advanced products like controlled evaporation compartments to boost accuracy and efficiency in liquid concentration and separation processes. These controlled evaporation compartments are specialised apparatus that modulate the rate and conditions of evaporation for industrial use. For example, TurboVap 96 Dual, a Sophisticated Well Plate Evaporator, was introduced in January 2022 by Biotage, a bioscience company based in Sweden. TurboVap 96 Dual, a second-generation well plate evaporator, has twin, independently managed evaporation compartments, increasing sample preparation capabilities. It uses both top-heated nitrogen and bottom-convection heating, enhancing evaporation efficiency and reducing gas consumption. Additionally, it comes with features to track energy and gas usage, thus, assisting laboratories in managing resources more efficiently.
Who Are the Key Players in the Industrial Evaporators Market?
Major companies operating in the industrial evaporators market include:
• Atlas Copco AB
• Tetra Pak AB
• ADF Systems Inc.
• GEA Group AG
• Alfa Laval AB
• Ebara Corporation
• SPX Corporation
• Komax Systems Inc.
• Zhejiang Dayuan Evaporative Technology Co. Ltd.
• Louisville Dryer Company
• Bucher Unipektin AG
• John Brooks Company Limited
• Aqua-Chem Inc.
• Praj Industries Limited
• Artisan Industries Inc.
• Technoforce Solutions (I) Pvt. Ltd.
• Thermal Kinetics Engineering plc
• Swenson Technology Inc.
• ENCON Evaporators
• Buflovak LLC
• Caloris Engineering LLC
• Compro International Inc.
• Coastal Technologies Group Inc.
• KMPT USA Inc.
• Falling Film America LLC
• Fenco Food Machinery Srl
What are the Regional Insights into the Industrial Evaporators Market?
Asia-Pacific was the largest region in the industrial evaporators market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial evaporators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
