Industrial Vacuum Evaporation Systems Will Generate A Total Of $4.16 Billion In Revenue By The Year 2030 : FMI
As industries look to leverage effective water treatment solutions, investments in industrial vacuum evaporation systems are expanding, with prominent end-users preferring thermal evaporators over other types. Consumption of industrial vacuum evaporation systems is anticipated to rise between 2022 and 2030 at a CAGR of 6.1 percent. The market for industrial vacuum evaporation systems is currently valued at US$ 2.43 billion, and by the end of 2030, it is predicted to generate US$ 4.16 billion in revenue.
In line with the take a look at, the marketplace is probably
to develop at 6.7% CAGR through 2030, with growing consciousness on wastewater
control inducing momentum. ESOMAR-certified marketplace studies firm, destiny
Market Insights (FMI) has lately posted a document on the worldwide industrial
vacuum evaporation systems marketplace, explicating the vital dynamics
answerable for shaping boom throughout the 2022-2030 evaluation length.
Over time, wastewater treatment and control have acquired
priority, thanks to growing problems of untreated effluent discharge across
freshwater bodies. With extra than eighty% of wastewater being discharged
without treatment, governments have tightened policies to make sure compliance
with chemical vegetation.
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https://www.futuremarketinsights.com/reports/industrial-vacuum-evaporation-systems-market
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.
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.
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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