The future of the global evaporator market looks promising with opportunities in the food & beverage, chemical, and pharmaceutical markets. The global evaporator market is expected to reach an estimated $25.2 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are rising demand for food and beverages industry, significant growth in the chemical sector, along with the growing population, rising healthcare needs, and developments in medical research and technology.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the evaporator market by type
(falling film evaporators, rising film evaporators, forced circulation
evaporators, and others), material (steel, copper, and aluminum), end use (food
& beverage, chemical, pharmaceuticals, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of the
competing products in this market and how big of a threat do they pose for loss
of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, steel,
copper, and aluminum are the major segments of evaporator market by material.
Lucintel forecasts that steel is expected to witness the highest growth over
the forecast period.Within this market, food & beverages will remain the largest
segment due to increase in the demand for quick-to-consume food and drinks, as
well as, rise in per capita consumption.
APAC will remain the
largest region over the forecast period due to increased funding for research
and development (r&d) projects with the goal of improving the
infrastructure for pharmaceuticals and healthcare in the region.
Encon Evaporators,
Envisol Arvind, Alfa Laval, RELCO, SPX Flow, Sumitomo Heavy Industries, and
Veolia Water Technologies are the major suppliers in the evaporator market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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