The key findings from our industrial evaporators market forecast report are summarized below
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Global Industrial Evaporators Industry Outlook
Market research analysts at Technavio predict that the global industrial evaporators market will grow steadily at a CAGR of over 7% by 2021. Owing to factors such as the growth in urbanization, economic prosperity, and the rising per capita income levels, the recent years witnessed an increase in the consumption of flavored milk especially in the developing economies. Countries such as India have an enormous potential for the growth of the flavored milk market due to the growing popularity among consumers of all age groups. With the increasing preference for more nutritious food among consumers, the demand for flavored milk will significnalty increase in countries in region including Asia and Latin America. This market research analysis identifies this growing popularity of flavored milk as one of the primary factors that will have a positive impact on the growth of this market during the next few years.
The growing demand for e-beam evaporators is one of the major trends that will gain traction in this global market during the next few years. The e-beam evaporator system involves an intense electron beam that strikes the source material through magnetic and electric fields. The semiconductor industry is a major end-user of these evaporators and its increasing demand will induce manufacturers in this market to focus on the development of these evaporators.
Competitive landscape and key vendors
The industrial evaporators market is highly competitive and has the presence of both large international and regional players. The well-established players are mainly based in Europe or the Americas, while the regional players are mainly in APAC. The major demand for evaporators mainly comes from the food and beverage industry. All vendors compete to gain significant market shares and they increasingly are focusing on establishing their presence across various regions and are also concentrating on enhancing their product portfolios.
The report offers a detailed analysis of several leading companies, including:
- ENCON Evaporators
- General Electric (GE)
- KMU LOFT
- Technoforce Solutions
- Thermal Kinetics Engineering
The other prominent vendors in the market include ADF Systems, Alaqua, BUCHI, Coastal Technologies, Continental Blower, ENVIRONMENTAL DYNAMICS INTERNATIONAL, EZ Environmental Solutions, and Mech-Chem Associates.
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Industrial evaporators market segmentation by end-user
- Food and beverage processing industry
- Water treatment industry
During 2016, the food and beverage processing industry contributed to the major shares of this market. The evaporation methodology is adopted in the food and beverage industry to reduce the water content. This will consequently aid in several applications including increasing the solid content of the food, to pre-concentrate food, and to change the color of the food item.
Industrial evaporators market segmentation by geography
- Americas
- APAC
- EMEA
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. Rapid urbanization and industrialization that are fueling the demand for the development of water treatment will be a major factor fueling the growth of the market in this region.
Key highlights of the global industrial evaporators market for the forecast years 2017-2021:
- CAGR of the market during the forecast period 2017-2021
- Detailed information on factors that will accelerate the growth of the industrial evaporators market during the next five years
- Precise estimation of the global industrial evaporators market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- Growth of the industrial evaporators industry across various geographies such as the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of industrial evaporators companies
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