Global Industrial Evaporators Market to Reach USD 33.5 Billion by 2033, Propelled by Increasing Product Utilization Across Various Industries

December 17, 2024 | Chemical & Materials

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According to the latest report by IMARC Group, titled “Industrial Evaporators Market by Type (Shell and Tube, Plate), Functionality (Falling Film, Rising Film, Forced Circulation, Agitated Film, Mechanical Vapor, Recompression), End User (Pharmaceutical, Pulp and Paper, Chemical and Petrochemical, Electronics and Semiconductor, Automotive, Food and Beverages), and Region 2025-2033,” the global industrial evaporators market size reached USD 21.3 Billion in 2024. Industrial evaporators are devices that remove water or other liquids from a solution or mixture. They consist of heat exchangers, condensers, manifolds, controls, and pumps. Industrial evaporators are commonly used in manufacturing processes to concentrate or separate liquids from solids. The process involves heating the liquid to its boiling point, causing it to evaporate and leaving behind the concentrated liquid or solid residue. Industrial evaporators are easy-to-use, require minimal energy, and help reduce operating costs, meet regulatory standards, and improve product stability. As a result, they are widely used across the food and beverage (F&B), pharmaceuticals, chemicals, and wastewater treatment industries for a variety of purposes, such as removing excess water from food products, concentrating pharmaceutical solutions, and treating industrial wastewater.

Global Industrial Evaporators Market Trends:

The increasing use of evaporators in the food and beverage (F&B) industry is primarily driving the market growth. They are used to remove moisture, increase the total solid content, and reduce the bulk density of various edible products, including dairy products, sauces, juices, noodles, tomato purees, coffee extract, and jams. In addition to this, the widespread product utilization in water treatment applications to desalinate seawater and remove dissolved minerals and other substances is contributing to the market growth. Moreover, the introduction of double jacket thin film evaporators, which simplify operations, save space, reduce costs, and minimize energy loss, and the integration of zero liquid discharge (ZLD) and minimal liquid discharge (MLD) technologies in industrial manufacturing are presenting remunerative growth opportunities for the market. Furthermore, the expanding product employment in the chemical industry for producing pigments, dyes, aluminum nitrate, and glycerine, and purifying organic compounds, such as fatty acids and natural oils, is impelling the market growth. Concurrent with this, the expanding product adoption in the pharmaceutical and marine sectors to remove excess moisture from drugs, improve product stability, and produce fresh water are creating a positive outlook for the market. Looking forward, the market value is projected to reach USD 33.5 Billion by 2033, expanding at a CAGR of 4.92% during 2025-2033.

Market Summary:

Based on the type, the market is divided into shell and tube, and plate. Between these, shell and tube represents the biggest segment.
On the basis of functionality, the market has been segregated into falling film, rising film, forced circulation, agitated film, mechanical vapor, and recompression. Amongst these, mechanical vapor dominates the market, holding the largest market share.
Based on the end user, the market is categorized into pharmaceutical, pulp and paper, chemical and petrochemical, electronics and semiconductor, automotive, and food and beverages. Currently, food and beverage is the biggest end user industry.
On a regional basis, the market has been segmented into 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. At present, Asia Pacific enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being 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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Types Covered	Shell and Tube, Plate
Functionalities Covered	Falling Film, Rising Film, Forced Circulation, Agitated Film, Mechanical Vapor, Recompression
End Users Covered	Pharmaceutical, Pulp and Paper, Chemical and Petrochemical, Electronics and Semiconductor, Automotive, Food and Beverages
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.
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Global Industrial Evaporators Market to Reach USD 33.5 Billion by 2033, Propelled by Increasing Product Utilization Across Various Industries

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