Demand for Industrial Vacuum Evaporation Systems Buoyed by Growing Focus on Wastewater Management: Study
ESOMAR-certified market research firm, Future Market Insights (FMI) has recently published a report on the global industrial vacuum evaporation systems market, explicating on the vital dynamics responsible for shaping growth across the 2020-2030 assessment period. According to the study, the market is likely to grow at 6.7% CAGR through 2030, with growing focus on wastewater management inducing momentum.
Industrial Vacuum Evaporation Systems Market
A recent market study published by FMI on the Global Industrial Vacuum Evaporation Systems...
Over the years, wastewater treatment and management has acquired precedence, owing to growing problems of untreated effluent discharge across freshwater bodies. With more than 80% of wastewater being discharged without treatment, governments have tightened regulations to ensure compliance from chemical plants.
As industries look to leverage effective water treatment solutions, investments in industrial vacuum evaporation systems are expanding, with prominent end-users preferring thermal evaporators over other types.
- Global industrial vacuum evaporation systems market was valued at US$ 2.3 Bn in 2019
- By system type, multiple effect thermal evaporators likely to account for nearly 90% share
- Demand for 1,000-2,000 liters/day capacity evaporators to exhibit credible growth until 2025
- Wastewater treatment & recycling to remain major application area, generating over a third of global revenue
- Opportunities abound across the South Asia & Pacific region, expected to register 8% value CAGR through 2030
“Implementation of stringent emission and effluent discharge control regulations across key regions is accelerating adoption of industrial vacuum evaporation systems, with specific emphasis on wastewater treatment across the chemical industry,” remarks the FMI analyst.
COVID-19 Impact Analysis
The COVID-19 pandemic has induced unprecedented impact across the global industrial manufacturing sector, severely disrupting supply chains in the wake of declining production cycles due to government imposed lockdowns. Consequently, GDP levels have nosedived, inducing economic troughs across all countries.
A deceleration of approximately -6% has been projected for the industrial vacuum evaporation systems market through 2020. Furthermore, the UN Conference on Trade & Development estimates the global FDI levels to shrink by 5-15% due to a contraction of the manufacturing sector. Hence, recovery prospects appear quite challenging.
However, growth prospects are expected to heighten from 2021, with countries expected to ease lockdown restrictions, prompting industries to resume operations. Manufacturers have made it their top priority to secure their supply chains from further recessionary shocks by establishing strong distribution networks to avoid supply crunches.
Prominent players operating in the global industrial vacuum evaporation systems market include GEA Group, Veolia, SUEZ, BÜCHI Labortechnik AG, PRAB, Heidolph Instruments GmbH & CO. KG, GEMÜ Group, WIGGENS GmbH, S.A.I.T.A 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 remain afloat. Some important strategies include incorporation of advanced technologies based on artificial intelligence and automation, strategic partnerships with other industrial giants and collaborations with industry production houses.
More Insights on FMI’s Industrial Vacuum Evaporation Systems Report
Future Market Insights, in its new report, offers an unbiased analysis of the global industrial vacuum evaporation systems, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the industrial vacuum evaporation systems on the basis of application (wastewater treatment & recycling, solvent recycling & purification, distillation, synthesis, concentration, drying and recrystallization), system type (mechanical vapor recompression evaporator, heat pump evaporator, co-generation hot & cold evaporator, rotary evaporator and thermal evaporator), capacity (upto 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 20000-50000 liters/day) and end-use industry (pharmaceutical, chemicals, metallurgy, printing & textiles, oil & petrochemicals, food & beverages, semiconductors, power generation and medical & research laboratories) across six prominent regions.
About Industrial Automation Division at Future Market Insights
The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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