Industrial Vacuum Evaporation Systems Will Generate A Total Of $4.16 Billion In Revenue By The Year 2030

Industrial vacuum evaporation system consumption is predicted to increase at a CAGR of 6.1% from 2022 to 2030. At present, the global industrial vacuum evaporation systems market is worth US$ 2.43 Bn, and is estimated to attain a revenue total of US$ 4.16 Bn by the end of 2030.

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Key Takeaways

• The 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 areas, generating over a third of global revenue

• Opportunities abound across the South Asia & Pacific region, expected to register an 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.

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COVID-19 Impact Analysis

The COVID-19 pandemic has induced an 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.

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Competitive Landscape

Prominent players operating in the global industrial vacuum evaporation systems market include

• GEA Group
• SUEZ
• Veolia
• PRAB
• BÜCHI Labortechnik AG
• GEMÜ Group
• Heidolph Instruments GmbH & CO. KG
• S.A.I.T.A SRL
• WIGGENS GmbH
• IWE SRL
• Condorchem Envitech
• ENCON Evaporators
• Eco-Techno SRL
• Sanshin Mfg. Co. Ltd.
• EYELA

These players rely on a combination of expansion and consolidation strategies to remain afloat. Some important strategies include the incorporation of advanced technologies based on artificial intelligence and automation, strategic partnerships with other industrial giants, and collaborations with industry.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

This release was published on openPR.