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The worldwide MVR evaporator industry is expected to grow remarkably in the next several years. The adoption of energy-saving products is also anticipated to present lucrative opportunities for the market, considering the wide application of the product in food and beverages sector.
The MVR evaporator is the equipment used to evaporate water from effluents or mill liquors with minimum consumption of energy and major plant availability while delivering high-quality of condensate. The evaporation process involves a forced circulation flash evaporator that utilizes mechanical vapor compression. The wastewater is fed in a pump through a feedstock heat exchanger and later to a circulating stream. Wastewater from the separation tank is circulated through the primary heat exchanger, the orifice plate, and back into the separation tank by the recirculation pump. The latent heat from the compressed vapor is transferred to the wastewater through the primary heat exchanger. An orifice plate is used to lower the circulating stream's pressure. Flashing the circulating stream into liquid and vapor components is possible since the downstream pressure is so low.
The liquid and vapor are separated in the separation tank after flowing there. The liquid steam flows back to the recirculation pump after leaving the tank at the bottom. At the top of the tank, the vapor stream leaves and travels to the vapor compressor.
According to a research study by Business Research Insights, the global market for MVR evaporators is projected to rise at a CAGR of 5.6% during 2022-2028. In 2020, the market value stood at USD 1063.9 million and is anticipated to grow and reach USD 1475.4 million by 2028.
Business Research Insights Presents the Top 5 Prominent Players in the MVR evaporator Industry
1. Howden- was founded by James Howden in 1854. It is a leading provider of mission-critical gas and air holding solutions to enable vital customer processes and develop a sustainable world. The founder designed and manufactured steam engines and boilers. The company then expanded its horizon into the heavy process and power industries supplying rotary heat exchangers and industrial fans.
2. Alfa Laval - is a Swedish company founded in 1883 by Gustaf De Laval. In 1877, the founder read an article in the German periodical and started working on developing a centrifugal separator. He demonstrated the first continuous separator in Stockholm, which had a capacity of 130 liters per hour. Gustaf de Laval and Oscar Lamm established the AB separator company, which became the initial step for the company's international growth.
3. Andritz - is an Austrian company founded in 1852. The company offers equipment, services, systems, and plants for various industries. The company now employs over 29,100 employees at over 280 productions and services in more than 40 countries. It is one of the leading companies in the MVR evaporators industry.
4. Aqua- Pure Ventures - was founded by Jacob Halldorson in 1992. Its headquarters is located in the U.S. The company developed a patented wastewater distillation system used in wastewater recycling. The company offers evaporation technology that enables easy mixing with other wastewater-treatment methods. The company is well-known in the MVR evaporators industry.
5. CE Rogers - is an American company founded in 1883. The history of this company begins in the 1800s with CE Rogers working in the Michigan area. The company is leading in the designing, fabricating, and engineering of spray dryers and evaporators. It is now one of the leading players of the industry.
Major Challenges Posed by COVID-19 Pandemic
Disruption Of Supply Chain Affected Market Expansion
The market was destroyed owing to COVID-19 in 2020. The pandemic led to a halt in construction activities due to government restrictions. The market experienced a decline in its economic growth. Manufacturing and production activities were on hold, accredited to the limited labor capacity. The pandemic outbreak affected all industries. However, the construction industry experienced a major setback in market expansion.
Major Upcoming Trends in the Industry
Expanding F&B Industry And Rapid Industrialization To Propel Market Growth
The application of MVR evaporators in the food and beverage industry is estimated to foster major growth in the MVR evaporator market. It removes moisture from the food and helps reduce bulk density, increasing the solids in the food and ultimately facilitating transportation. Steady industrialization in emerging countries may offer lucrative opportunities to the market. Technological advancements adoption in these countries will augment market growth.