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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Vacuum Evaporators Market:
Veolia Water Technologies
SPX Flow Inc.
JEOL Ltd.
Condorchem Envitech
Eco-Techno S.R.L.
Suez Water Technologies & Solutions
GEA Group AG
De Dietrich Process Systems
Sanshin Mfg. Co. Ltd.
Lenntech
others.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Vacuum Evaporators Market value and growth drivers over the trend period of 2022-27. According to the report -
Vacuum evaporators market is likely to witness a healthy CAGR of 6.6% during the forecast period. The prime factor contributing to the demand for vacuum evaporators is increasing uses of zero liquid discharge systems in industries such as chemical & petrochemical, textile, pharmaceutical, food & beverage, automotive, and paper & pulp. Rising concern over wastewater disposal, stringent environmental regulations, and water scarcity across the glove are also driving the vacuum evaporators market.
Based on Technology Type:
Based on the technology type, the vacuum evaporators market is segmented as heat pump vacuum evaporators, mechanical vapor recompression vacuum evaporators, and thermal vacuum evaporators. Mechanical vapor recompression vacuum evaporators accounted for the largest share in 2021, and are expected to grow at the highest CAGR during the forecast period. The mechanical vapor recompression technology is newer compared to thermal vapor recompression and is rapidly replacing the latter; although mechanical vapor recompression vacuum evaporators are costlier and consume more energy compared to other vacuum evaporators.
Based on Region:
In terms of regions, North America is estimated to remain the largest market for vacuum evaporators during the forecast period due to increasing environmental concern among the people and stringent government regulations related to wastewater disposal from the industries. However, Asia-Pacific is expected to register the highest growth (CAGR) with the rapid industrialization, growing manufacturing industry, infrastructural growth along with increasing awareness related to environment in countries such as China and India.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Vacuum Evaporators Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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