Vacuum Evaporators Market Share, Size, Trends, Industry Analysis Report, By Product (Rotary, Centrifugal, Others); By End-Use (Automotive, Food & Beverage, Energy & Power, Chemical, Pharmaceutical, Electronics); By Technology; By Application; By Regions;

Vacuum Evaporators Market Share, Size, Trends, Industry Analysis Report, By Product (Rotary, Centrifugal, Others); By End-Use (Automotive, Food & Beverage, Energy & Power, Chemical, Pharmaceutical, Electronics); By Technology; By Application; By Regions; Segment Forecast, 2021 - 2028

The global vacuum evaporators market size is expected to reach USD 4.06 billion by 2028 according to a new study by Polaris Market Research. The report “Vacuum Evaporators Market Share, Size, Trends, Industry Analysis Report, By Product (Rotary, Centrifugal, Others); By End-Use (Automotive, Food & Beverage, Energy & Power, Chemical, Pharmaceutical, Electronics); By Technology; By Application; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The major driving factors of the market include growing automotive and manufacturing industries, depleting freshwater resources, and increasing water scarcity across the globe. Rapid technological advancements, along with the introduction of stringent government regulations regarding water usage and disposal of wastewater have further increased the adoption of the product. The increasing environmental awareness and growth in the adoption of Zero Liquid Discharge Systems accelerate the growth of the market.

The market demand for rotary vacuum evaporators is expected to increase during the forecast period owing to wide use in applications such as solvent recycling, synthesis, crystallization, and reflux process reactions among others. The need for wastewater treatment has increased significantly over the past few years.

Wastewater treatment involves the conversion of unusable wastewater into an effluent, which can be reused or returned into the environment with limited effects. Governments across the globe are introducing stringent regulations regarding wastewater disposal and treatment owing to rising environmental concerns and growing awareness.