Vacuum Evaporators Market by Type (Thermal Vacuum Evaporators, Mechanical Vapor Recompression Vacuum Evaporators, Heat Pump Vacuum Evaporators), Application (Powder Coating and Electroplating, Product Processing, Wastewater Treatment), End-Use Industry (Automotive, Pharmaceutical, Food & Beverage, Energy & Power, Electronics & Semiconductor, Chemical & Petrochemical), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast to 2027
Newark, NJ, May 24, 2022 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, The global vacuum evaporators market is expected to grow from USD 2.2 billion in 2019 to USD 3.7 billion by 2027, at a CAGR of 6.9% during the forecast period 2020-2027. North America has the largest share of vacuum evaporators market due to increased use of vacuum evaporators in product processing and water treatment. Stringent regulations and increased concerns related to the environment are driving the demand for vacuum evaporators in North-America.
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Key players in the global vacuum evaporators market are Condorchem Envitech, Veolia Water Technologies, S.U.E.Z. Water Technologies & Solutions, H2O GmbH, Eco-Techno S.r.l., G.E.A. Group AG, Sanshin Mfg. Co., Saltworks Technologies Inc., De Dietrich Process Systems, Alfa Laval, Lenntech, Samsco Corporation, Encon Evaporators, J.E.O.L. Ltd., Praj Industries Limited, S.A.I.T.A. Srl and S.P.X. Flow Inc. Technological advancements and innovations are also contributing in generating the demand for the market. Key players are implementing various strategies like acquisitions, partnerships, joint ventures, agreements, expansions and product launches.
The type segment includes thermal vacuum evaporators, mechanical vapour recompression vacuum evaporators and heat pump vacuum evaporators. Mechanical vapour recompression vacuum evaporators are expected to show the highest growth in vacuum evaporators market over the forecast years. Higher demand for sustainable technology pertaining to higher cost of energy and spread of awareness regarding environmental impacts result in generating higher demand for vacuum evaporators. The application segment includes powder coating and electroplating, product processing and wastewater treatment. Wastewater treatment has the largest share in the growth of vacuum evaporators market. Increased government regulations related to water streams as well as the scarcity of freshwater across the globe is driving the vacuum evaporators market. The end-use industry segment includes automotive, pharmaceutical, food & beverage, energy & power, electronics & semiconductor, chemical & petrochemical. Technological advancements and innovations are also contributing in generating the demand for the market.
Effluents that cannot be treated by biological or physiochemical techniques can be treated by using vacuum evaporators. The vacuum evaporators market is driven by water scarcity across the globe, increased adoption of a zero liquid discharge system and stringent regulations related to the environment. Thermal vacuum evaporators are now being replaced by Mechanical vapour recompression vacuum evaporators. The demand for vacuum evaporators is generated by the increased demand of zero-liquid discharge system. Wastewater treatment has the largest share in the growth of vacuum evaporators market. The need for wastewater treatment is increased from food & beverage, chemical & petrochemical, automotive industries.
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About the report:
The global vacuum evaporators market is analysed on the basis of value (USD Billion). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
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