As industries look to leverage effective water treatment solutions, investments in industrial vacuum evaporation systems are expanding, with prominent end-users preferring thermal evaporators over other types. Consumption of industrial vacuum evaporation systems is anticipated to rise between 2022 and 2030 at a CAGR of 6.1 percent. The market for industrial vacuum evaporation systems is currently valued at US$ 2.43 billion, and by the end of 2030, it is predicted to generate US$ 4.16 billion in revenue.
In line with the take a look at, the marketplace is probably to develop at 6.7% CAGR through 2030, with growing consciousness on wastewater control inducing momentum. ESOMAR-certified marketplace studies firm, destiny Market Insights (FMI) has lately posted a document on the worldwide industrial vacuum evaporation systems marketplace, explicating the vital dynamics answerable for shaping boom throughout the 2022-2030 evaluation length.
Over time, wastewater treatment and control have acquired priority, thanks to growing problems of untreated effluent discharge across freshwater bodies. With extra than eighty% of wastewater being discharged without treatment, governments have tightened policies to make sure compliance with chemical vegetation.
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Key Takeaways
- The global industrial vacuum evaporation systems market was valued at US$ 2.3 Bn in 2019
- By system type, multiple effect thermal evaporators likely to account for nearly 90% share
- Demand for 1,000-2,000 liters/day capacity evaporators to exhibit credible growth until 2025
- Wastewater treatment & recycling to remain major application areas, generating over a third of global revenue
- Opportunities abound across the South Asia & Pacific region, expected to register an 8% value CAGR through 2030
“Implementation of stringent emission and effluent discharge control regulations across key regions is accelerating adoption of industrial vacuum evaporation systems, with specific emphasis on wastewater treatment across the chemical industry,” remarks the FMI analyst.
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COVID-19 Impact Analysis
The COVID-19 pandemic has induced an unprecedented impact across the global industrial manufacturing sector, severely disrupting supply chains in the wake of declining production cycles due to government-imposed lockdowns. Consequently, GDP levels have nosedived, inducing economic troughs across all countries.
A deceleration of approximately -6% has been projected for the industrial vacuum evaporation systems market through 2020. Furthermore, the UN Conference on Trade & Development estimates the global FDI levels to shrink by 5-15% due to a contraction of the manufacturing sector. Hence, recovery prospects appear quite challenging.
However, growth prospects are expected to heighten from 2021, with countries expected to ease lockdown restrictions, prompting industries to resume operations. Manufacturers have made it their top priority to secure their supply chains from further recessionary shocks by establishing strong distribution networks to avoid supply crunches.
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Competitive Landscape
Prominent players operating in the global industrial vacuum evaporation systems market include
- GEA Group
- SUEZ
- Veolia
- PRAB
- BÜCHI Labortechnik AG
- GEMÜ Group
- Heidolph Instruments GmbH & CO. KG
- S.A.I.T.A SRL
- WIGGENS GmbH
- IWE SRL
- Condorchem Envitech
- ENCON Evaporators
- Eco-Techno SRL
- Sanshin Mfg. Co. Ltd.
- EYELA
These players rely on a combination of expansion and consolidation strategies to remain afloat. Some important strategies include the incorporation of advanced technologies based on artificial intelligence and automation, strategic partnerships with other industrial giants, and collaborations with industry.
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