Vacuum Evaporators Market Expected to Experience Attractive Growth through 2026

Stratview Research has announced a new report on the Vacuum Evaporators Market. According to the report, the market size is likely to witness a healthy CAGR of 6.6% during the forecast period. The prime factor contributing to the demand for vacuum evaporators is increasing uses of zero liquid discharge systems in industries such as chemical & petrochemical, textile, pharmaceutical, food & beverage, automotive, and paper & pulp. Rising concern over wastewater disposal, stringent environmental regulations, and water scarcity across the glove are also driving the vacuum evaporators market.

Market Segmentation
The Vacuum Evaporators Market is segmented by Technology Type (Heat Pump, Mechanical Vapor Recompression, and Thermal), by Application Type (Wastewater Treatment, Product Processing, and Others), by End-Use Industry Type (Chemical & Petrochemical [Chemical Processing and Petrochemical Processing], Electronics & Semiconductor, Energy & Power, Food & Beverage [Food Processing and Beverage Processing], Pharmaceutical [Active Pharmaceutical Ingredients (API) and Formulations], Automotive, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

According to the report, the market is segmented as heat pump vacuum evaporators, mechanical vapor recompression vacuum evaporators, and thermal vacuum evaporators. Mechanical vapor recompression vacuum evaporators accounted for the largest share in 2020, and are expected to grow at the highest CAGR during the forecast period. The mechanical vapor recompression technology is newer compared to thermal vapor recompression and is rapidly replacing the latter; although mechanical vapor recompression vacuum evaporators are costlier and consume more energy compared to other vacuum evaporators.

Based on the application type, the market is segmented as wastewater treatment, product processing, and others. Wastewater treatment dominated the market in 2020, and is expected to remain dominant during the forecast period. Rising concern over wastewater disposal, stringent environmental regulations, and water scarcity across the globe are likely to drive the market. Increasing use of zero liquid discharge systems in end-use industries including chemical & petrochemical, textile, pharmaceutical, food & beverage, automotive, and paper & pulp to further drive the vacuum evaporators market.

In terms of regions, North America is estimated to remain the largest market for vacuum evaporators during the forecast period due to increasing environmental concern among the people and stringent government regulations related to wastewater disposal from the industries. However, Asia-Pacific is expected to register the highest growth (CAGR) with the rapid industrialization, growing manufacturing industry, infrastructural growth along with increasing awareness related to environment in countries such as China and India.

How stakeholders can benefit from this report –
This report covers a thorough analysis of the following segments:
- Vacuum Evaporators Market Dynamics.
- Market Size and forecast from 2021 till 2026.
- Supply & Demand Value Chain.
- Vacuum Evaporators Market Current Trends/Issues/Challenges.
- Competition & Companies involved.
- Effecting Technology.
- Vacuum Evaporators Market Drivers and Restraints.

Research Methodology
The report provides a thorough analysis that reflects today’s Vacuum Evaporators Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.
Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.

Key Players
The following are the key players in the Vacuum Evaporators Market.

• Veolia Water Technologies
• SPX Flow Inc.
• JEOL Ltd.
• Condorchem Envitech
• Eco-Techno S.R.L.
• Suez Water Technologies & Solutions
• GEA Group AG
• De Dietrich Process Systems
• Sanshin Mfg. Co. Ltd.
• Lenntech
• others.

Read More: https://www.stratviewresearch.com/1738/vacuum-evaporators-market.html

Report Customization Options
With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:
- Company Profiling -Detailed profiling of additional market players (up to three players)
- Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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This release was published on openPR.