Vacuum Evaporators - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Vacuum Evaporators market is accounted for $2.02 billion in 2018 and is expected to reach $4.35 billion by 2027 growing at a CAGR of 8.9% during the forecast period. Some of the key factors propelling the market growth are limited availability of freshwater, rising adoption of zero liquid discharge systems and implementation of stringent environmental regulations and water scarcity across the world. However, high operational and installation costs are the restraining factor for the growth of the market.
Vacuum evaporators or wastewater evaporators are the most effective technologies used for the minimization and management of industrial wastewater. The technology is considered safe, clean, and also has a very low treatment cost. It can also lead to a management system with zero discharge. It is one of the most efficient techniques for treating aqueous effluents. This technology transforms waste effluent into two streams which includes concentrated waste and high quality water. These evaporators work under vacuum, so the boiling temperature of the liquid effluent is lower; hence saving energy and improving efficiency.
By application, wastewater treatment segment is expected to grow at the significant market share during the forecast period due to the high demand for treatment of wastewater from end-use industries such as automotive, chemical, and food & beverage. Implementation of stringent environmental regulations related to wastewater disposal in freshwater streams and water scarcity across the world have led to increased adoption of ZLD systems, thus driving the market growth.
On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to the high demand for vacuum evaporators from the application segments, which include wastewater treatment and product processing. The US and Canada are the major consumers due to increased environmental concerns among the masses and stringent implementation of various government regulations regarding the disposal of wastewater generated by industries.
Some of the key players in Vacuum Evaporators Market include 3R Technology, Alfa Laval, Belmar Technologies Ltd, Bucher Unipektin, Condorchem Envitech, Eco-Techno S.R.L., Encon Evaporators, GEA Group AG, JEOL Ltd, Kovofiniš, Lenntech, Saltworks Technologies Inc, Samsco Corporation, Sasakura Engineering Co Ltd, Suez Water Technologies & Solutions, Unitop Aquacare Ltd, Veolia Water Technologies, Vilokan Recycling Tech and Zhejiang Taikang Evaporator Co Ltd.
• Centrifugal Vacuum Evaporator
• Rotary Vacuum Evaporator
• Heat Pump Vacuum Evaporators
• Mechanical Vapor Recompression Vacuum Evaporators
• Thermal Vacuum Evaporators
• Product Processing
• Wastewater Treatment
• Other Applications
• Electronics & Semiconductor
• Energy & Power
• Food & Beverage
• Chemical & Petrochemical
• Other End-Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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