Stratview Research has recently published a report on Vacuum Evaporators Market segmented by Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026. The objective of the market experts at Stratview Research is to conduct a thorough analysis of ‘Vacuum Evaporators’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in-depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.
Covid-19 Analysis –
Nationwide lockdowns have impacted, and halted production, supply of raw materials sourcing production has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Vacuum Evaporators Market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.
The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.
Based on the technology type, the market is segmented into mechanical vapor compression, heat pump, and thermal. Mechanical vapor recompression accounted for the largest share in 2020 and is expected to grow at the highest CAGR during the forecast period. The mechanical vapor recompression technology is newer compared to thermal vapor recompression and is rapidly replacing the latter; although mechanical vapor recompression vacuum evaporators are costlier and consume more energy compared to other vacuum evaporators.
Based on the application type, the market is segmented as wastewater treatment, product processing, and others. Wastewater treatment dominated the market in 2020 and is expected to remain dominant during the forecast period. Rising concerns over wastewater disposal, stringent environmental regulations, and water scarcity across the globe are likely to drive the market. Increasing use of zero liquid discharge systems in end-use industries including chemical & petrochemical, textile, pharmaceutical, food & beverage, automotive, and paper & pulp to further drive the market.
In terms of regions, North America is estimated to remain the largest market for vacuum evaporators during the forecast period due to increasing environmental concerns among the people and stringent government regulations related to wastewater disposal from the industries. However, Asia-Pacific is expected to register the highest growth (CAGR) with the rapid industrialization, growing manufacturing industry, infrastructural growth along with increasing awareness related to the environment in countries such as China and India.
Vacuum evaporators market is likely to witness a healthy CAGR of 6.6% during the forecast period.
The prime factor contributing to the demand for vacuum evaporators are-
- The increasing use of zero liquid discharge systems in industries such as chemical & petrochemical, textile, pharmaceutical, food & beverage, automotive, and paper & pulp,
- Rising concern over wastewater disposal,
- Stringent environmental regulations,
- Water scarcity across the globe.
Key Players in the Vacuum Evaporators Market
- Veolia Water Technologies
- SPX Flow Inc.
- JEOL Ltd.
- Condorchem Envitech
- Eco-Techno S.R.L.
- Suez Water Technologies & Solutions
- GEA Group AG
- De Dietrich Process Systems
- Sanshin Mfg. Co. Ltd.
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