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The vapor compression distiller market size is forecast to increase by USD 543.67 million at a CAGR of 6.2% between 2023 and 2028. Market growth hinges on factors like population growth and increased demand for potable water, the necessity for improved moisture quality and pollution prevention, and global climate change prompting heightened investments in desalination plants. These dynamics underscore the evolving landscape of water management, with stakeholders navigating challenges and opportunities presented by rising demand, environmental concerns, and climate variability. Our report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.
The demand for pure water fit for human consumption has been high for the last few decades because of the increasing population in the region, along with rapid industrialization and urbanization. Additionally, Aqua Chem Inc company offers vapor compression distiller that incorporates a patented Spray-Film evaporator design which provides improved wetting of the tube bundle and reduced scaling compared to rising-film designs. BRAM COR S.p.A. company offers vapor compression distillers such as STMC Vapor Compression Distiller which produces water for injection that is used for pharmaceutical applications.
Market Forecast 2024-2028
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The market is witnessing significant growth driven by the need to remove impurities from water. With a focus on energy efficiency, these systems minimize operating costs while effectively eliminating contaminants. Ongoing advancements in technology, including automation and IoT capabilities, enhance their performance. Integration with renewable energy sources further boosts their appeal. While installation costs may vary, the maintenance requirements remain relatively low. Across industries like the pharmaceutical and food processing sectors, these distillers play a crucial role in ensuring the purity of drug formulations and beverages, as well as in solvent purification and chemical separation. Industry-wide research and development efforts continually drive innovation in this competitive environment. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The profound impacts of global climate change are evident worldwide, with rising temperatures causing widespread droughts and desertification. Furthermore, the melting polar ice caps and rising sea levels threaten to contaminate clean water sources without contamination. The heightened atmospheric water content leads to heavier rainfall, exacerbating flooding and rendering vast amounts of water non-potable as it rapidly flows into the oceans. Dry regions like the Mediterranean and Southern Africa face severe water scarcity due to reduced rainfall and increased evaporation, affecting nearly one billion people.
Further, accelerated water resource evaporation has intensified droughts in regions like the US, India, the Middle East, and Africa. To address water scarcity, government initiatives are increasingly investing in alternative water treatment technologies and desalination plants to extract freshwater from seawater. Such initiatives, coupled with changing global climatic conditions, are driving the demand for vapor compression distillation technology, thereby fostering the growth of the market during the forecast period.
Water purifiers are experiencing a surge in usage across various industries, notably in vapor compression distillation, to attain high-quality, ultrapure water vital for diverse applications such as analytical chemistry, clinical analysis, and environmental testing. They're also integral in life science research, petrochemical testing, and pharmaceutical analysis, among others.
For instance, in gas chromatography-mass spectrometry (GC-MS), purified water is crucial for sample preparation and solid-phase extraction to achieve high sensitivity. Similarly, steam generators utilize purified water for cleanroom humidification and sterilization purposes. With an expanding array of applications requiring purified water demand, vapor compression distillers are rising steadily, driving market growth during the forecast period.
Steel and iron are primary raw materials used in manufacturing vapor compression distillers, but their costs are volatile, impacting market vendor returns. China, the global leader in steel production, faced reduced output due to stringent pollution regulations, affecting global steel supply and prices. Fluctuations in steel prices directly influence the vapor compression distiller market.
Additionally, iron ore prices affect steel scrap demand, with lower iron ore prices resulting in reduced demand for steel scrap. Manufacturers face challenges due to high production costs stemming from expensive raw materials. Rising prices of alloying elements like chromium, molybdenum, and nickel further compound production costs. This makes it difficult to offer high-quality distillers at affordable prices. Consequently, fluctuating steel prices hinder the market growth prospects during the forecast period.
The mechanical vapor compression segment will account for a major share of the market's growth during the forecast period.?The mechanical vapor compression (MVC) segment is poised for growth due to its increasing usage in wastewater treatment. MVC distillers, characterized by small size and capacities ranging from 250 to 3,000 m3/d, compress vapor using electrically operated compressors while also serving as evaporator heaters. Despite being costly and energy-intensive, MVC distillers find utility in desalinating highly saline waters like seawater and river estuaries in remote locales.
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The mechanical vapor compression segment was valued at USD 809.33 million in 2018. Furthermore, mechanical vapor compression offers numerous benefits, such as a variety of compressor options, high efficiency, and optimized operation through digital control and monitoring technology. Moreover, there's a trend towards technological upgrades integrating IoT sensors for automated operation, enhancing eco-friendliness. These advantages are set to propel the growth of the MVC distillers segment, consequently driving the market during the forecast period.
Based on application, the market has been segmented into the pharmaceutical, food industry, chemical industry, and others. The pharmaceutical segment will account for the largest share of this segment.?The pharmaceutical segment is poised for growth due to increasing demand for purified water for IV and injection purposes in healthcare and pharmaceutical industries. These distillers, also known as thermo-compression or mechanical vapor recompression distillers, are crucial for producing pharmaceutical-grade water, vital for various applications including IV fluids, injectables, and vaccines. Key vendors like Paul Mueller Co. and Bram-Cor SpA offer such distillers. Expansion of the injectable drugs segment and the focus on new manufacturing facilities by leading pharmaceutical firms are expected to further drive market growth.
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APAC is estimated to contribute 40% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The key contributors to market growth in the region are China, India, Japan, and Australia. These countries, along with Cambodia, Singapore, the Philippines, Vietnam, Bangladesh, Nepal, and Pakistan, experience constant stress. The governments of these countries are highly focused on achieving sustainable solutions, such as desalination, because of the increasing scarcity of water and drastic changes in climatic conditions.
Furthermore, vapor compression distillers are increasingly being used in APAC for purified water used in beverages, besides catering to the demand for water for injection and pharmaceutical-grade water for pharmaceutical use. As consumers are becoming more health-conscious, applications of distillation systems are expected to drive the growth of the regional market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alfa Laval AB: The company offers vapor compression distillers, such as Mechanical vacuum Vapor compression distiller, which converts seawater and brackish water into high purity water for use in industries.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Chart Industries Inc., Chutian Technology Co. Ltd., GEA Group AG, Genist Technocracy Pvt Ltd, Grundfos Holding AS, Kalina Engineering Pvt Ltd., LPR Global Inc., Paul Mueller Co. Inc., Puretech, RAG Stiftung, wemacequipment.com, and Zibo Huazhou Pharmaceutical Equipment Co. Ltd.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market offers various solutions including mechanical vapor compression distiller and thermocompression distiller systems. These systems are efficient in evaporating water and condensing steam, driven by a mechanical compressor to regulate pressure. They find applications across industries like the pharmaceutical industry for producing purified water for injections and laboratory testing, as well as in beverage processing and chemical purification.
Furthermore, with advancements in industry dynamics and industry developments, the global vapor compression distiller market continues to expand, catering to the growing demand for solvent purification and component separation. Additionally, in the market, systems play a crucial role in the purification of chemicals and the separation of components. They are essential for industries requiring high-quality solvents and pure substances. Additionally, businesses are increasingly considering outsourcing options, driving growth in the desktop outsourcing market. These trends contribute to the expanding applications and demand for vapor compression distillation technologies.
Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.2% |
Market Growth 2024-2028 |
USD 543.67 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.36 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 40% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alfa Laval AB, Aqua Chem Inc., BRAM COR S.p.A., Chart Industries Inc., Chutian Technology Co. Ltd., GEA Group AG, Genist Technocracy Pvt Ltd, Grundfos Holding AS, Kalina Engineering Pvt Ltd., LPR Global Inc., Paul Mueller Co. Inc., Puretech, RAG Stiftung, wemacequipment.com, and Zibo Huazhou Pharmaceutical Equipment Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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