DUBAI, United Arab Emirates, April 04, 2022 (GLOBE NEWSWIRE) — ESOMAR-certified market research firm Future Market Insights (FMI) recently released a report on the global market Industrial Vacuum Evaporation Systems Marketexplaining the vital dynamics shaping growth over the 2022-2030 assessment period.
According to the study, the market is likely to grow at 6.1% CAGR until 2030, with an increasing focus on wastewater management inducing momentum.
Industrial Vacuum Evaporation Systems Market Size (2022)
Expected market valuation (2030)
Estimated Market Growth Rate (2022-2030)
North America market share
Over the years, the treatment and management of wastewater has acquired priority, due to the growing problems of discharge of untreated effluent into freshwater bodies.
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With more than 80% of wastewater discharged without treatment, governments have tightened regulations to ensure chemical plant compliance.
As industries seek to take advantage of efficient water treatment solutions, investments in industrial vacuum evaporation systems are increasing with major end users preferring thermal evaporators over other types.
Key points to remember
The global market for industrial vacuum evaporation systems was valued at US$2.3 billion in 2019
By type of system, thermal multi-effect evaporators are likely to represent nearly 90% of the share
Demand for evaporators with a capacity of 1,000 to 2,000 litres/day is expected to show credible growth until 2025
Wastewater treatment and recycling will remain the main areas of application, generating more than a third of global turnover
Opportunities abound in the South Asia and Pacific region, which is expected to register a CAGR of 8% through 2030
“Implementation of stringent effluent and emission control regulations in key regions is accelerating the adoption of industrial vacuum evaporation systems, with a particular focus on wastewater treatment in the chemical industry”, remarks the IMF analyst.
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COVID-19 Impact Analysis
The COVID-19 pandemic has had an unprecedented impact on the global industrial manufacturing sector, severely disrupting supply chains following reduced production runs due to government-imposed lockdowns. Consequently, GDP levels fell, causing economic lows in all countries.
A deceleration of around -6% was predicted for the industrial vacuum evaporation systems market through 2020. In addition, the United Nations Conference on Trade and Development estimates that global levels of FDI are expected to decline by 5-15% due to a contraction in the manufacturing sector. Therefore, the outlook for recovery looks quite challenging.
However, growth prospects are expected to increase from 2021 as countries are expected to ease lockdown restrictions, prompting industries to resume operations. Manufacturers have made it a top priority to protect their supply chains from further recessionary shocks by building strong distribution networks to avoid supply shortages.
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Key players operating in the global industrial vacuum evaporation systems market include GEA Group, Veolia, SUEZ, BÜCHI Labortechnik AG, PRAB, and Heidolph Instruments GmbH & CO. KG, GEMÜ Group, WIGGENS GmbH, SAITAn Srl, Condorchem Envitech, IWE SRL, Eco-Techno SRL, ENCON Evaporators EYELA and Sanshin Mfg. Co., Ltd.
These players rely on a combination of expansion and consolidation strategies to stay 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 industrial production houses.
More information on the IMF report on industrial vacuum evaporation systems
Future Market Insights, in its new report, offers an unbiased analysis of global industrial vacuum evaporation systems, analyzing historical demand from 2015 to 2019 and forecast statistics for 2020 to 2030. The study reveals growth projections on the industrial vacuum evaporation systems based on depending on the application (wastewater treatment and recycling, solvent recycling and purification, distillation, synthesis, concentration, drying and recrystallization), type of system (mechanical vapor recompression evaporator, evaporator heat pump, hot and cold cogeneration evaporator, rotary evaporator and thermal evaporator),
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capacity (up to 100 liters/day, 150-500 liters/day, 500-1000 liters/day, 1000-2000 liters/day, 2000-4000 liters/day, 4000-8000 liters/day, 8000-20000 liters/ day and 20,000 to 50,000 liters/day) and end-use industry (pharmaceutical, chemical, metallurgy, printing and textile, petroleum and petrochemical, food and beverage, semiconductor, power generation and medical laboratories and research) in six major regions.
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