The industrial evaporators market is projected to grow from USD 18.7 billion in 2022 to USD 23.7 billion by 2027, at a CAGR of 4.8% from 2022 to 2027. The growth of the market is driven by the increasing demand from various manufacturing industries such as food & beverage, Pharmaceutical, chemical & petrochemical, automotive, pulp & paper and electronics & semiconductor.
Companies such as SUEZ Water Technologies & Solution (France), Sumitomo Heavy Industries, Ltd. (Japan), Veolia Water Technologies (France), GEA Group AG (Germany) and Alfa Laval (Sweden) fall under the winners’ category. These are leading players in the industrial evaporators market, globally. These players have adopted the strategies of agreement, acquisitions, contracts and partnership to fulfill the rising demand for industrial evaporators on the regional as well as global levels.
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SPX Flow, Inc. operates in more than 30 countries and has diverse product portfolio under segments such as evaporators, heat exchanger, heating products, among others. The company started its operation in 1958 in Charlotte, US. SPX Flow, Inc’s business mix consists of food & beverage and industrial divisions. In April 2022, a subsidiary of Lone Star Funds has acquired SPX Flow, Inc.
Veolia Water Technologies was founded in 1853 in Paris, France. The company is subsidiary of Veolia Group and offers various services required for water treatment plant. Veolia Water Technologies has presence in more than 50 countries and has 135 business unit world wide. The company manufaturers various industrial evaporators for waste water treatment used in industries such as chemical, food & beverge, pharmaceutical and others. In May 2019, Veolia Water Technologies has been awarded a contract by Smurfit Kappa to supply state-of-the-art HPD systems at the Sangüesa mill in Northern Spain.
H2O Gmbh is one of the leading manufacturer of wastewater treatment system used in pharmaceutical, chemical, aviation and other industries. The company manufacturer various types of industrial waste water evaporators and provide services in more than 46 countries. In February 2019, H2O GmbH launched its new wastewater treatment system named VACUDEST XS Clearcat. It enable crystal clear, virtually oil-free distillate and satisfies strict requirements through its high COD reduction.
Industrial Evaporators Market by Construction Type (Shell & Tube, Plate), End-use Industry (Food & Beverage, Pharmaceutical, Chemical & Petrochemical, Automotive), Functionality (Falling Film, Rising Film) & Region - Global Forecast to 2027
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