Product Code: GVR-4-68040-355-8
Industrial Evaporators Market Size & Trends
The global industrial evaporators market size was estimated at USD 19.83 billion in 2023 and is projected to reach USD 28.03 billion by 2030 and is anticipated to grow at a CAGR of 5.1% from 2024 to 2030. The increasing demand for efficient and cost-effective evaporation systems in various industries such as food & beverage, chemical, and wastewater treatment is driving the growth of the industrial evaporators market. These systems are crucial for concentrating solutions, removing solvents, and treating wastewater, which are essential processes in numerous industrial applications.
The demand for industrial evaporators is further fueled by the rising focus on environmental sustainability and stringent regulatory standards related to wastewater treatment and emissions. Additionally, advancements in evaporation technologies and the integration of renewable energy sources are expected to further propel market growth.
Technological advancements have also played a pivotal role, with innovations aimed at improving efficiency, reducing energy consumption, and minimizing the environmental footprint of evaporative processes. High-efficiency designs and the integration of automation technologies are key trends driving the market forward.
The industrial evaporators market is driven by several factors, including the increasing demand for efficient evaporation systems, the growth of the food & beverage and chemical & pharmaceutical industries, and the rising focus on environmental sustainability. The need for advanced wastewater treatment solutions and the adoption of stringent regulatory standards are also contributing to the market growth. Furthermore, the integration of renewable energy sources and the development of innovative evaporation technologies present significant opportunities for market expansion.
However, the high initial investment and the complexity of installation and maintenance of industrial evaporators pose significant challenges to market growth. In addition, the availability of alternative concentration and separation technologies may limit the adoption of industrial evaporators in certain applications. Despite these challenges, there are numerous opportunities for growth, particularly with the increasing focus on sustainable industrial processes and the expansion of industries such as food & beverage and pharmaceuticals in emerging economies.
Global Industrial Evaporators Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the industrial evaporators market on the basis of type, functionality, end use, and region:
- Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Plate Evaporators
- Shell & Tube Evaporators
- Functionality Outlook (Revenue, USD Billion, 2018 - 2030)
- Falling Film
- Rising Film
- Forced Circulation
- Agitated Thin Film
- Mechanical Vapor Recompression
- Others
- End Use Outlook (Revenue, USD Billion, 2018 - 2030)
- Pharmaceutical
- Chemical
- Food & Beverage
- Pulp & Paper
- Wastewater Treatment
- Others
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Third Party Perspective
- 1.4.5. Information Analysis
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.5.2. Market Formulation & Data Visualization
- 1.5.3. Data Validation & Publishing
- 1.6. Research Scope and Assumptions
- 1.6.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Industrial Evaporators Market Variables, Trends, & Scope
- 3.1. Market Concentration & Penetration Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Drivers Analysis
- 3.5.2. Market Restraints Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenge Analysis
- 3.6. Industrial Evaporators Market Analysis Tools
- 3.6.1. Porter's Analysis
- 3.6.1.1. Bargaining power of the suppliers
- 3.6.1.2. Bargaining power of the buyers
- 3.6.1.3. Threats of substitution
- 3.6.1.4. Threats from new entrants
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Economic and Social landscape
- 3.6.2.3. Technological landscape
- 3.6.2.4. Environmental landscape
- 3.6.2.5. Legal landscape
- 3.7. Economic Mega Trend Analysis
Chapter 4. Industrial Evaporators Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Industrial Evaporators Market: Type Movement Analysis, USD Billion, 2023 & 2030
- 4.3. Plate Evaporators
- 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Shell & Tube Evaporators
- 4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Industrial Evaporators Market: Functionality Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Industrial Evaporators Market: Functionality Movement Analysis, USD Billion, 2023 & 2030
- 5.3. Falling Film
- 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Rising Film
- 5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.5. Forced Circulation
- 5.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.6. Agitated Thin Film
- 5.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.7. Mechanical Vapor Recompression
- 5.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.8. Others
- 5.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Industrial Evaporators Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Industrial Evaporators Market: End Use Movement Analysis, USD Billion, 2023 & 2030
- 6.3. Pharmaceutical
- 6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Chemical
- 6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5. Food & Beverage
- 6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6. Pulp & Paper
- 6.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.7. Wastewater Treatment
- 6.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.8. Others
- 6.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Industrial Evaporators Market: Region Estimates & Trend Analysis
- 7.1. Industrial Evaporators Market Share, By Region, 2023 & 2030, USD Billion
- 7.2. North America
- 7.2.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.2.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.2.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.2.5. U.S.
- 7.2.5.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.5.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.2.5.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.2.5.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.2.6. Canada
- 7.2.6.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.6.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.2.6.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.2.6.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.2.7. Mexico
- 7.2.7.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.7.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.2.7.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.2.7.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.4. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.3.5. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.3.6. UK
- 7.3.6.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.6.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.6.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.3.6.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.3.7. Germany
- 7.3.7.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.7.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.7.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.3.7.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.3.8. France
- 7.3.8.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.8.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.8.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.3.8.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.3.9. Italy
- 7.3.9.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.9.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.9.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.3.9.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.3.10. Spain
- 7.3.10.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.10.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.10.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.3.10.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.4.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.4.5. China
- 7.4.5.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.5.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.4.5.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.4.6. India
- 7.4.6.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.6.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.6.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.4.6.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.4.7. Japan
- 7.4.7.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.7.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.7.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.4.7.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.4.8. South Korea
- 7.4.8.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.8.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.8.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.4.8.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.4.9. Australia
- 7.4.9.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.9.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.9.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.4.9.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.5. Latin America
- 7.5.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.5.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.5.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.5.5. Brazil
- 7.5.5.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.5.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.5.5.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.5.5.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.5.6. Argentina
- 7.5.6.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.6.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.5.6.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.5.6.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.6.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.6.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.6.5. South Africa
- 7.6.5.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.5.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.6.5.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.6.5.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.6.6. Saudi Arabia
- 7.6.6.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.6.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.6.6.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.6.6.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
- 7.6.7. UAE
- 7.6.7.1. Industrial Evaporators Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.7.2. Industrial Evaporators Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.6.7.3. Industrial Evaporators Market Estimates and Forecasts by functionality, 2018 - 2030 (USD Billion)
- 7.6.7.4. Industrial Evaporators Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis, 2023
- 8.5. Company Heat Map Analysis, 2023
- 8.6. Strategy Mapping
- 8.7. Company Profiles
- 8.7.1. GEA Group
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Strategic Initiatives
- 8.7.2. SPX Flow
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Strategic Initiatives
- 8.7.3. Alfa Laval
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Strategic Initiatives
- 8.7.4. Thermal Kinetics
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Strategic Initiatives
- 8.7.5. Swenson Technology
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Strategic Initiatives
- 8.7.6. Belmar Technologies Ltd.
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Strategic Initiatives
- 8.7.7. Veolia
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Strategic Initiatives
- 8.7.8. DE DIETRICH PROCESS SYSTEMS
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Strategic Initiatives
- 8.7.9. Coilmaster Corporation
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Strategic Initiatives
- 8.7.10. ENCON Evaporators
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Strategic Initiatives