Industrial Evaporators Market Size, Share & Trends Analysis Report By Type (Plate, Shell & Tube), By Functionality (Falling Film, Rising Film), By End Use (Pharmaceutical, Chemical), By Region, And Segment Forecasts, 2024 - 2030

Industrial Evaporators Market Size & Trends  

The global industrial evaporators market size was estimated at USD 19.83 billion in 2023 and is projected to reach USD 28.03 billion by 2030 and is anticipated to grow at a CAGR of 5.1% from 2024 to 2030. The increasing demand for efficient and cost-effective evaporation systems in various industries such as food & beverage, chemical, and wastewater treatment is driving the growth of the industrial evaporators market. These systems are crucial for concentrating solutions, removing solvents, and treating wastewater, which are essential processes in numerous industrial applications.

The demand for industrial evaporators is further fueled by the rising focus on environmental sustainability and stringent regulatory standards related to wastewater treatment and emissions. Additionally, advancements in evaporation technologies and the integration of renewable energy sources are expected to further propel market growth.

Technological advancements have also played a pivotal role, with innovations aimed at improving efficiency, reducing energy consumption, and minimizing the environmental footprint of evaporative processes. High-efficiency designs and the integration of automation technologies are key trends driving the market forward.

The industrial evaporators market is driven by several factors, including the increasing demand for efficient evaporation systems, the growth of the food & beverage and chemical & pharmaceutical industries, and the rising focus on environmental sustainability. The need for advanced wastewater treatment solutions and the adoption of stringent regulatory standards are also contributing to the market growth. Furthermore, the integration of renewable energy sources and the development of innovative evaporation technologies present significant opportunities for market expansion.

However, the high initial investment and the complexity of installation and maintenance of industrial evaporators pose significant challenges to market growth. In addition, the availability of alternative concentration and separation technologies may limit the adoption of industrial evaporators in certain applications. Despite these challenges, there are numerous opportunities for growth, particularly with the increasing focus on sustainable industrial processes and the expansion of industries such as food & beverage and pharmaceuticals in emerging economies.

Type Insights

“The demand for shell & tube evaporator segment is expected to grow at a CAGR of 4.5% from 2024 to 2030 in terms of revenue”

The plate evaporator type segment led the market and accounted for 62.1% of the global market revenue share in 2023. Plate type evaporators are known for their high heat transfer efficiency, which is achieved through the use of thin, corrugated plates that facilitate effective heat exchange between the heating medium and the product. This design not only maximizes the surface area available for heat exchange but also allows for a uniform distribution of the product across the plates, significantly enhancing the evaporation process. The compact structure of plate type evaporators makes them an ideal choice for industries with limited space, such as food and beverage processing, pharmaceuticals, and chemical manufacturing.

The shell & tube evaporator segment holds a prominent position in the industrial evaporators market, valued for its adaptability and robustness in addressing a diverse range of thermal needs. Distinguished by its construction, which comprises a series of tubes contained within a larger shell, this type of evaporator facilitates heat transfer from a hot fluid through the tube walls to vaporize a volatile component, typically water, from a solution or mixture in the shell side. This design is highly versatile, capable of managing considerable volumes and accommodating high pressures, making shell & tube evaporators an essential component in sectors such as petrochemicals, oil and gas, and power generation.

Functionality Insights

“The demand for falling film segment is expected to grow at a significant CAGR of 5.8% from 2024 to 2030 in terms of revenue”

The mechanical vapor recompression (MVR) segment led the market, accounting for 26.8% of the global market revenue share in 2023. MVR systems are used to minimize energy consumption and reduce carbon footprint in industries such as in food and beverage processing, pharmaceuticals, and wastewater treatment. Their ability to operate with lower energy inputs compared to traditional evaporative methods not only aligns with global sustainability goals but also results in substantial cost savings over time. As industries worldwide continue to prioritize energy efficiency and environmental stewardship, the adoption of MVR technology is expected to rise, marking it as a key growth area in the evolving landscape of industrial evaporation solutions.

The forced circulation evaporators segment is also expected to witness significant growth due to its high efficiency and ability to handle viscous and scaling liquids. These evaporators are commonly used in wastewater treatment and chemical processing applications.

End Use Insights

“The demand for pharmaceutical segment is expected to grow at a significant CAGR of 5.9% from 2024 to 2030 in terms of revenue”

The food & beverage end use segment accounted for 28.0% of the global industrial evaporators market revenue share in 2023. Industrial evaporators are extensively used in the food & beverage industry for processes such as concentration of fruit juices, dairy products, and other liquid foods. The growing demand for processed and packaged foods is driving the adoption of industrial evaporators in this segment.

The chemical industry is another significant end-use segment, utilizing industrial evaporators for various applications such as concentration, solvent recovery, and crystallization. The stringent regulatory standards and the need for high-purity products are propelling the demand for industrial evaporators in the chemical industry.

Regional Insights

“China to witness market growth at 6.4% CAGR”

The industrial evaporators market in Asia Pacific is experiencing substantial growth due to rapid industrialization, increasing population, and rising demand for processed foods and pharmaceuticals. The expansion of the food & beverage and chemical & pharmaceutical industries in countries such as China, India, and Japan is driving the market growth. In additionally, government initiatives to promote sustainable industrial processes and environmental protection are supporting the adoption of industrial evaporators in the region.

The industrial evaporators market in China is estimated to grow at a significant CAGR of 6.4% over the forecast period. The food & beverage, chemical, and pharmaceutical sectors are key drivers, demanding evaporators for tasks such as concentrating products, purifying materials, and recovering solvents. Growth is fueled by factors such as rising domestic consumption and a focus on efficient processes. 

North America Industrial Evaporators Market Trends

In North America, the industrial evaporators market is characterized by a strong focus on technological innovation and sustainable practices. The region, with its mature industrial sectors in food and beverage, pharmaceuticals, and chemical manufacturing, is experiencing increased demand for advanced evaporator technologies. This demand is driven by the need for more efficient water and waste management solutions, complying with stringent environmental regulations to reduce industrial waste and conserve energy.

Europe Industrial Evaporators Market Trends

The industrial evaporators market in Europe is experiencing steady growth, bolstered by stringent environmental regulations and a strong emphasis on sustainability. European countries are investing heavily in research and development to enhance the efficiency and eco-friendliness of industrial processes. The region's focus on circular economy principles and reducing carbon footprints is encouraging the adoption of innovative evaporator solutions that support energy conservation and waste reduction.

Key Industrial Evaporators Company Insights

Some of the key players operating in the industrial evaporators market include GEA Group, SPX Flow, Alfa Laval, Thermal Kinetics, Swenson Technology., among others.

• GEA Group is a leading provider of industrial equipment, including evaporators for various applications. The company's focus on innovation and advanced technology has solidified its position in the market. GEA's industrial evaporators are known for their high efficiency, reliability, and user-friendly design.

• SPX Flow is a prominent player in the industrial evaporators market, known for its high-quality evaporation systems and extensive industry experience. The company's products are widely used in food & beverage, chemical, and pharmaceutical applications for efficient evaporation and concentration processes.

• Alfa Laval is a global leader in heat transfer, separation, and fluid handling technologies, offering a comprehensive range of industrial evaporators. The company's commitment to innovation and customer satisfaction has made it a trusted name in the market.

• Thermal Kinetics specializes in providing high-performance evaporation systems for various industrial applications. The company's focus on quality and advanced technology has driven its market growth.

• Swenson Technology is a major player in the industrial evaporators market, offering a wide range of products for evaporation and crystallization processes. The company's emphasis on innovation and customer-centric solutions has strengthened its position in the market.

Recent Developments

• In March 2023, U.S.-based Colmac Coil Manufacturing announced three new configurations for its A+P Insulated Penthouse Air Coolers (evaporators). These configurations, which include an insulated base, a pitched base, and dual coil options, are designed to enhance flexibility and customization for installations.

• In April 2023, Artisan Industries Inc. introduced the ROTOTHERM MINI, a continuous lab-scale evaporator/dryer. Utilizing the same thin-film separation technology as Artisan’s production-scale ROTOTHERM evaporators, the ROTOTHERM MINI is designed for the continuous evaporation and liquid-to-powder drying of heat-sensitive materials.

Industrial Evaporators Market Report Scope

Global Industrial Evaporators Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the industrial evaporators market on the basis of type, functionality, end use, and region:

• Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • Plate Evaporators

  • Shell & Tube Evaporators

• Functionality Outlook (Revenue, USD Billion, 2018 - 2030)

  • Falling Film

  • Rising Film

  • Forced Circulation

  • Agitated Thin Film

  • Mechanical Vapor Recompression

  • Others

• End Use Outlook (Revenue, USD Billion, 2018 - 2030)

  • Pharmaceutical

  • Chemical

  • Food & Beverage

  • Pulp & Paper

  • Wastewater Treatment

  • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE