Agitated Thin Film Evaporators Market Projection (2024 - 2030)

By 2023, the Agitated Thin Film Evaporators Market exhibited a valuation of $6.32 Billion, with a forecasted expansion to $9.07 Billion by 2030. It is anticipated to register a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period spanning from 2024 to 2030.

Overview of the Agitated Thin Film Evaporators Market:

Evaporators serve as pivotal systems in converting liquid states of chemical substances into vapor forms. They facilitate the evaporation or vaporization of liquids into desired gaseous states. This process often involves heating and potentially boiling the liquid within a product. Components of an evaporator typically include a heat exchanger, valves, manifolds, controllers, pumps, and a condenser. The market for evaporators is poised for significant growth in the foreseeable future.

An Agitated Thin Film Evaporator (ATFE), alternatively referred to as a Thin Film Evaporator (TFE) or Wiped Film Evaporator (WFE), comprises a precision-machined jacketed shell internally and a rotor equipped with blades that maintain close clearance from the shell.

A feed distributor at the inlet disperses the liquid onto the heated wall in a thin film. Subsequently, the high-speed rotor further disperses and vigorously agitates the film during its downward flow. The resulting vapors move countercurrently and undergo purification via an integrally installed entrainment separator.

Impact of COVID-19 on the Agitated Thin Film Evaporators Market:

The global pandemic has emerged as a pervasive public health crisis, impacting nearly every sector, with anticipated long-term repercussions on business growth throughout the forecast period. It underscores the imperative to incorporate underlying COVID-19 considerations and potential trajectories. The primary objective is to anticipate shifts in consumer behavior and demand, purchasing patterns, supply chain rerouting, dynamics of the current economic landscape, and consequent governmental interventions.

The evaporators market has also suffered substantial setbacks due to the pandemic, creating challenges for both vendors and suppliers across various segments. Factors such as lack of awareness and high research and development costs further impede market growth within the projected timeframe.

Market Drivers:

Expanding Applications across Diverse Industries:

The burgeoning utilization of evaporators across a spectrum of industries, including oil and gas, consumer electronics (e.g., air conditioning systems), food and beverages, pharmaceuticals, among others, propels market expansion. The versatile applications of evaporators across multiple industries are poised to drive substantial market growth in the forecast period.

Population Growth Dynamics:

Rapid population growth has led to increased water and dairy product consumption, serving as a significant market driver. Recent advancements in evaporator design aimed at minimizing fouling and scaling are expected to bolster market growth. Additionally, the escalating deployment of evaporators in marine vessels for seawater conversion into potable water further contributes to market expansion.

Market Restraints:

Limited Conversion Efficiency and Research Investment Requirements:

The evaporator system exhibits notably low conversion efficiency, posing a restraint on market growth. Its inefficiency renders it less preferable for businesses, which typically favor high-efficiency machines yielding substantial output. Moreover, the considerable investment necessitated for research and development further impedes market growth.

Agitated Thin Film Evaporators Market - By Construction Type:

• Bare Tube
• Plate Type
• Finned
• Shell Type

In terms of construction type, the segment dominated by shell & tube evaporators garnered the largest market share. These evaporators find extensive usage across various industries including food & beverages, pharmaceuticals, and chemical & petrochemical. Known for their ease of operation, shell & tube evaporators are capable of processing diverse materials.

Agitated Thin Film Evaporators Market - By End-User:

• Food and Beverages
• Pharmaceuticals
• Healthcare
• Chemical
• Others

The food & beverage segment emerged as the leading end-user, commanding the highest share. This sector, known for its rapid growth, demands a variety of industrial evaporators. Industrial evaporators are notably employed in food processing, particularly in protein manufacturing and dairy industries.

Agitated Thin Film Evaporators Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

Geographically, Asia Pacific is anticipated to retain the largest share of the global Agitated Thin Film Evaporators market during the forecast period owing to increasing demand from emerging economies in the region. Moreover, the rise of major industries in countries like India, China, and Bangladesh serves as a significant driving factor. Asia Pacific dominates the market for industrial evaporators and is poised to exhibit rapid growth in the forecast period.

The market for industrial evaporators is primarily fueled by the burgeoning manufacturing industries in the region. Many developing nations in Asia are becoming focal points for manufacturing across various global industries.

Agitated Thin Film Evaporators Market Share by Company:

1. Veolia Water Technologies (France)
2. Sumitomo Heavy Industries, Ltd. (Japan)
3. SPX Flow Inc.
4. JEOL Ltd. (Japan)
5. SUEZ Water Technologies & Solutions (France)
6. GEA Group AG (Germany)
7. De Dietrich Process Systems
8. Coilmaster Corporation
9. Colmac Coil Manufacturing, Inc.
10. Saltworks Technologies Inc.
11. Belmar Technologies Ltd. (England)
12. Sasakura Engineering Co., Ltd.
13. Praj Industries Ltd.
14. SMI Evaporative Solutions
15. Alfa Laval
16. RELCO LLC
17. Hebei Leheng Energy Saving Equipment Co., Ltd.

Mergers and acquisitions within the industry have enabled players to diversify and enhance their service offerings.

The market is propelled by ongoing technological advancements. Increased technological proliferation and investments in R&D activities by manufacturers and associations are expected to drive industry growth. With numerous domestic and regional competitors in the market, there is a challenge to deliver innovative solutions that address evolving technologies, safety requirements, and industry practices. Key players are strategically adopting mergers and acquisitions to expand their market presence globally.

RECENT NOTABLE EVENTS IN THE GLOBAL AGITATED THIN FILM EVAPORATORS MARKET:

• Agreement - In April 2022, Sachi Engineering Works announced the launch of its new range of Agitated Thin Film Evaporators in the market.