The global industrial evaporator market size is expected to reach USD 26.54 billion by 2030 according to a new study by Polaris Market Research. The report “Industrial Evaporator Market Share, Size, Trends, Industry Analysis Report, By Type; By End-Use (Automotive, Pulp & Paper, Food & Beverages, Pharmaceutical, Electronic & Semiconductors, Chemical & Petrochemical); By Functionality; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The product is commonly marketed as agitated thin film, falling film, rising film, forced circulation, or mechanical vapor recompression evaporators. The demand for the product is driven by the increased application in food & beverages, pharmaceuticals, chemical & petrochemical, electronics & semiconductors, pulp & paper, automotive sectors.
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The Covid-19 pandemic has collided with the growth of the product, due to the decline in demand for non-essential products across the globe. Additionally, changing trends, increased population, rising disposable income, and product development has driven the demand for the equipment.
A rapid increase in population has led to the growth in consumption of water and dairy products which has positively influenced the revenue growth. Nowadays, customers prefer packaged food, concentrated juices, and ready to make foods which have increased the demand for the product as they are widely used in food & beverage processing. There has been a surge in demand for the product owing to the adoption of ZLD water treatment as 100% water can be recovered and contaminants are reduced to solid waste.
Industrial Evaporator Market Report Highlights
Polaris Market Research has segmented the industrial evaporator market report based on type, functionality, end use and region:
Industrial Evaporator, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Evaporator, Functionality Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Evaporator, End-use Outlook (Revenue - USD Billion, 2018 - 2030)
Industrial Evaporator, Regional Outlook (Revenue - USD Billion, 2018 - 2030)