MVR Evaporator Market Size, Share, Growth, and Industry Analysis by Type (Less than 50 ton/h, 50 ton/h-100 ton/h, and More than 100 ton/h) By Application (Chemical Industry, Food and Beverage, Environmental Industry, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

MVR Evaporator Market REPORT OVERVIEW

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The global MVR evaporator market size was USD 1063.9 million in 2022 and market is projected to touch USD 1737.41 million in 2031, exhibiting a CAGR of 5.6% during the forecast period.

Mechanical vapor recompression (MVR) Evaporators are an energy regaining method where energy is added to low-pressure vapor (usually water vapor) by compacting it. The result is a lesser volume of vapor at a higher temperature and pressure, which can be used to do valuable work. Since the evaporator also works as the condenser, fundamentally all of the concealed heat is recycled, with no refusal of heat to cooling water. The vanishing takes place on a thin-film heat transmission surface where steam condenses on one side and water boils on the other side. The major modification between the vapor compression unit and the conventional evaporator is that the suppressed heat of vaporization is fully used in the vapor compression evaporator.

COVID-19 Impact: Supply Chain Disruption to Impede Market Progress

The MVR evaporator market was destructively compressed by COVID-19 in 2020. Due to the pandemic situation, the construction events were on momentary halt owing to the government forced lockdown. Further, the market witnessed a decline in economic growth. Production and manufacturing activities were shut down due to the limited capacity of labor. The spread of COVID-19 had significantly hampered economic activity in the industrial sector.

LATEST TRENDS

"Increasing Adoption of Evaporation Process to Develop Market Growth "

Several evaporation procedures are used to deliberate fluids in varied alternating industries comprising food & beverages, pharmaceutical and chemical industries. The cause for evaporation or distillation may be to distillate a product, such as milk for example. It may be part of a crystallization method or a pre-treatment to a drying practice. It is also used as a technique for decreasing the volume of waste or effluent that needs to be controlled. It always eliminates liquid (usually water) from a clarification by rotating it into a gaseous method. It is an energy-intensive course and is often one of the key providers to the operational costs of a plant.

MVR Evaporator Market SEGMENTATION

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• By Type

On the basis of type, the market is classified into Less than 50 ton/h, 50 ton/h-100 ton/h, and More than 100 ton/h

• By Application

Based on application, the market is classified into Chemical Industry, Food and Beverage, Environmental Industry, and Others.

DRIVING FACTORS

"Working Principle to Promote Product Adoption"

Mechanical vapor recompression (MVR) employs the heat pump system, in which the pressure and temperature of the steam and the conforming capacity temperature is augmented by motorized vapor compression. The steam compressor compresses the steam and distributes it to the leading heat exchanger, where the covert heat is transported to the wastewater in the recirculation circuit. The wastewater comes into the feed pump in the heat exchanger. The feed heat exchanger is used to heat wastewater by transporting heat from the hot condensate to the feed. The recirculation pump circulates the wastewater from the disrobing tank to the cavity plate over the main heat exchanger and then returns to the stripping tank. 

"Energy Saving Products to Encourage Market Growth" 

As the price of energy rises, the use of Mechanical Vapor Recompression (MVR) evaporators has also amplified.  The energy savings promised by using MVR technology is substantial.  ANDRITZ MVR evaporators are aimed to function with very low specific energy consumption while generating clean condensate to reduce fresh water ingesting in the mill. It eliminates water from mill liquors or wastes with the least energy consumption and extreme plant obtainability while providing high condensate superiority. The evaporated water vapor is recompressed with a modest, low-speed centrifugal fan which upsurges the saturation temperature of the vapor. After the fan, vapor can be used as heating steam in the same unit.

RESTRAINING FACTORS

"High Cost to Restrict Market Growth "

When exchanging fossil fuel tanks, MVR units may need augmented electricity volume at the fixing site, especially if a multi-staged project is essential is anticipated to hinder MVR evaporator market growth during the forecast period. MVR blowers have to be combined cautiously into the procedure strategy in order to accomplish lower costs over.

MVR Evaporator Market REGIONAL INSIGHTS

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"Increasing Demand for MVR Evaporators to Bolster Growth in North America"

North America is expected to dominate the MVR evaporator market share. The US and Canada are the major customers of MVR evaporators in this region. The huge market share of this region is primarily credited to the increasing demand for evaporators from the application sectors, which include wastewater treatment and product treating. The growth of the MVR evaporators market can be attributed to amplified environmental fears among the masses and severe execution of several government guidelines concerning the removal of wastewater caused by industries in the region.

Asia Pacific is expected to have a sizable MVR evaporator market share. China, India, and Japan are observing fast industrial, engineering, and infrastructural development. Some of the economies have remarkable market potential in terms of increasing population, promising government rule, and industrialized growth. China and India are the two fastest-growing economies in the world. Economic growth is anticipated to upsurge industrial activities in these countries, prominent to increased demand for treated water.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Launch Strategies to Stay Competitive"

The report covers information about the list of MVR evaporator market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Howden (U.K.)
• ALFA LAVAL (Sweden)
• ANDRITZ (Austria)
• Aqua-Pure Ventures (U.S.)
• Bucher (Switzerland)
• Cerogers (Canada)
• Chongqing Jiangjin (China)
• Crystal Energy (U.S.)
• Dedert (U.S.)
• ENCON Evaporators (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.