Global Mechanical Vapor Recompression (MVR) Market Professional Survey by Types, Applications, and Players, with Regional Growth Rate Analysis and Development Situation, from 2023 to 2028

SKU ID : Maia- 24729173

Publishing Date : 23-Aug-2023

No. of pages : 108

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  • According to the latest research, the global Mechanical Vapor Recompression (MVR) market size was valued at USD 1017.6 million in 2022 and is expected to expand at a CAGR of 8.82% during the forecast period, reaching USD 1689.78 million by 2028.

    Mechanical vapor recompression (MVR) is an energy recovery process where energy is added to low-pressure vapor by compressing it to higher pressure. The result is a smaller volume of vapor at a higher temperature and pressure, which can be used to do useful work. Typically, the compressed vapor can be used to heat the mother liquor to produce the low-pressure vapor.
    In MVR system evaporated vapors are compressed with the help of external energy say Compressor/Blower/Fan. The pressure of vapor is increased, with the increase in the vapor pressure condensation temperature of the vapor will increase. The higher-pressure vapor is used to further evaporate solvent from the mixture by exchanging its latent heat. In MVR system complete latent heat of vapor is utilized. Mechanical vapor recompression system (MVR) has potential to reduce thermal energy cost by more than 90%.

    Influence of COVID-19 Outbreak on Mechanical Vapor Recompression (MVR) Industry Development
    From the perspective of upstream suppliers, the supply of raw materials is affected by the new crown epidemic, which causes delays in product manufacturing time and brings losses to manufacturers. And with the increase in the price of raw materials, the manufacturing costs of manufacturers have also risen, which is not conducive to the development of the industry. During the COVID-19 epidemic, equipment manufacturing and product manufacturing enterprises in Mechanical Vapor Recompression (MVR) industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

    Impact of Russia and Ukraine War
    Impacts will flow through three main channels. One, higher prices for commodities like food and energy will push up inflation further, in turn eroding the value of incomes and weighing on demand. Two, neighboring economies in particular will grapple with disrupted trade, supply chains, and remittances as well as an historic surge in refugee flows. And three, reduced business confidence and higher investor uncertainty will weigh on asset prices, tightening financial conditions and potentially spurring capital outflows from emerging markets.
    Russia and Ukraine are major commodities producers, and disruptions have caused global prices to soar, especially for oil and natural gas. Food costs have jumped, with wheat, for which Ukraine and Russia make up 30 percent of global exports, reaching a record.
    The Russian-Ukrainian conflict led to the increase of commodity prices, resulting in the increase of manufacturing cost of mechanical vapor recompression (MVR) equipment. At the same time, the Russian-Ukrainian war caused economic depression in Europe, which affected the downstream market demand of mechanical vapor recompression (MVR) solution.

    Demand for seawater desalination increases.
    Driven by population growth, industrialization, rapid urbanization and climate change, the world urgently needs more clean water. The United Nations estimates that by 2050, the global water demand will surge by 30%. Even today, nearly 2 billion people all over the world still face the pressure of extreme water shortage all year round. As a result of these trends, seawater desalination has become an important measure to alleviate the global water shortage.
    Seawater desalination is an important way for islands to obtain fresh water. Distillation desalination is the main process of seawater desalination. The application of MVR technology in seawater desalination has been widely promoted in various countries. The combined technology of multi-effect evaporation and MVR not only fully recovers the waste heat, but also has remarkable energy-saving effect and high thermal efficiency. In desert areas, water is as expensive as oil, and seawater desalination is the main way to solve the water problem. Global demand for desalination, especially in the Middle East and North Africa, drives the development of mechanical vapor recompression (MVR) industry.

    Technological Development
    Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors constantly developing new ideas and technologies. TLT-Turbo has developed a range of MVR fans-more innovative than those currently on the market. The hybrid ceramic bearings used in TLT-Turbo MVR fans are life time greased and can be operated for up to 10 years without requiring maintenance. The installation of an oil supply unit is not required which eliminates the risk of contamination by oil leakage in processes with high hygienic standards. In recent years, the performance range of PILLER blowers has grown considerably, primarily with the addition of VapoFan product line for small volume flows, and a current product line development to produce a temperature rise of up to 23K. Technology innovation provides new development opportunities for mechanical vapor recompression (MVR) suppliers.

    Region Overview:
    In global comparison, a significant portion of the revenue was generated in China (29.72% in 2022).

    Company Overview:
    Howden is one of the major players operating in the Mechanical Vapor Recompression (MVR) market, holding a share of 10.19% in 2022.

    Howden
    Manufacturer of heating, ventilation and air conditioning products based in Renfrew, United Kingdom. The company produces highly engineered fans, compressors, heat exchangers, steam turbines and other air and gas handling equipment and provides service, software and support to customers around the world in highly diversified end-markets and applications.

    GEA
    GEA is one of the world largest systems suppliers for the food, beverage and pharmaceutical sectors. GEA portfolio includes machinery and plants as well as advanced process technology, components and comprehensive services. Used across diverse industries, they enhance the sustainability and efficiency of production processes globally.

    Segmentation Overview:
    As for product types, the Less than 50ton/h segment held the largest market share in 2021.

    Application Overview:
    The market's largest segment by application is the segment Chemical Industry, with a market share of 29.83% in 2022.

    Chemical Industry
    Mechanical Vapor Recompression (MVR) is widely used in chemical industry for evaporation, crystallization, and purification.

    Food and Beverage
    Mechanical Vapor Recompression (MVR) is used for beverage industry (milk, juice, sugar, etc.) concentration and food industry (MSG, soy, protein, sugar) concentration.

    Environmental Industry
    Mechanical Vapor Recompression (MVR) is used for zero liquid discharge for industrial waste water treatment, salt brine concentration and RO brine concentration.

    This report elaborates on the market size, market characteristics, and market growth of the Mechanical Vapor Recompression (MVR) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Mechanical Vapor Recompression (MVR). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.

    Key Points this Global Mechanical Vapor Recompression (MVR) Market Report Include:
    Market Size Estimates: Mechanical Vapor Recompression (MVR) market size estimation in terms of revenue and sales from 2018-2028
    Market Dynamic and Trends: Mechanical Vapor Recompression (MVR) market drivers, restraints, opportunities, and challenges
    Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Mechanical Vapor Recompression (MVR) market
    Segment Market Analysis: Mechanical Vapor Recompression (MVR) market revenue and sales by type and by application from 2018-2028
    Regional Market Analysis: Mechanical Vapor Recompression (MVR) market situations and prospects in major and top regions and countries
    Mechanical Vapor Recompression (MVR) Market

    Competitive Landscape

    and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.
    Mechanical Vapor Recompression (MVR) Industry Chain: Mechanical Vapor Recompression (MVR) market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
    Mechanical Vapor Recompression (MVR) Industry News, Policies by regions
    Mechanical Vapor Recompression (MVR) Industry Porters Five Forces Analysis

    Key players in the global Mechanical Vapor Recompression (MVR) market are covered in Chapter 2:
    ANDRITZ
    Chongqing Jiangjin
    Sunevap
    Leheng
    Dedert
    SPX Flow
    Turbovap
    Howden
    ALFA LAVAL
    Shaanxi Blower
    Jintongling
    IDE
    GEA
    Leke
    Sasakura
    Suez
    Gardner Denver
    Piller
    Yixing Fuxi

    In Chapter 6 and Chapter 9, on the basis of types, the Mechanical Vapor Recompression (MVR) market from 2018 to 2028 is primarily split into:
    Less than 50ton/h
    50ton/h-100ton/h
    More than 100ton/h

    In Chapter 7 and Chapter 10, on the basis of applications, the Mechanical Vapor Recompression (MVR) market from 2018 to 2028 covers:
    Chemical Industry
    Food and Beverage
    Environmental Industry
    Others

    Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
    United States
    Europe
    China
    Japan
    India
    Southeast Asia
    Latin America
    Middle East and Africa
    Others

    In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.

    Chapter Outline
    This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:

    Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Mechanical Vapor Recompression (MVR) market size in terms of revenue, sales volume, and average price.

    Chapter 2 analyzes the main companies in the Mechanical Vapor Recompression (MVR) industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.

    Chapter 3 is an analysis of the competitive environment of Mechanical Vapor Recompression (MVR) market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.

    Chapter 4 is an analysis of the Mechanical Vapor Recompression (MVR) industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.

    Chapter 5 focuses on Mechanical Vapor Recompression (MVR) market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.

    Chapters 6-8 have segmented the Mechanical Vapor Recompression (MVR) market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.

    Chapters 9-11 provide detailed Mechanical Vapor Recompression (MVR) market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.

    Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.

    Years considered for this report:


    Historical Years:

    2018-2022

    Base Year:

    2022

    Estimated Year:

    2023

    Forecast Period:

    2023-2028

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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