Mechanical Vapor Recompression or MVR is an evaporator, used for compressing the vapor. It comprises atmospheric pressure, vapor (water vapor) at above, and adding energy to it by compression. It is driven by mechanical energy or electricity. It is a technology by circulating the exploitation of secondary steam energy generated from the evaporator itself. It requires almost no additional steam & cooling water during steady operation. It works best in a system with low boiling point elevation and where larger heat transfer surfaces can be used to lower the differential temperatures in the heat exchanger. It can work with any kind of evaporators such as forced circulation evaporators, falling film evaporators, and plastic evaporators. The key advantages are low energy consumption, reduced load on cooling water, flexible operations and higher performance coefficient.
According to the study, “World MVR Compressor Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world MVR compressor market areTurbovap, Fuxi Machinery, Jintongling, Regreen, LEKE, Tianjin Blower, Madebao, Tiancheng, Shaangu, Howden, SANY, ROBUSCHI, Gardner Denver, Atlas Copco, Tuthill, Fuxi Machinery, Piller, Leke Thermal Technology, SPC. The major companies are progressively investing in research & developments (R&D) activities and focusing aggressively on initiating new tactics to boost global business reach.
Based on product type, the MVR compressor market is segmented into a roots-type MVR compressor and centrifugal type MVR compressor. Based on component type, the market is segmented into heaters, separators, compressors, pumps, instrumentation, piping, and electrical control components. Based on structure type, the market is segmented into the simple structure and fully-automated with continuous operation. Based on capacity type, the market is segmented into less than 50ton/h, 50ton/h-100ton/h and more than 100ton/h. Based on the application, the market is segmented into evaporator, dryer, crystallization, and others. Based on channel, the market is segmented into a distributor and direct sale. In addition, based on end-user, the market is segmented into chemical industry (evaporation, purification, and crystallization), pharmaceutical industry, environmental industry, salt brine concentration, food & beverage, and others.
The MVR Compressor market is driven by growth in government budgets in the principal countries, followed by more-intense competition, an increase in chemical fields expenditures, retrofit& renovation of old technology, launches in introducing new products and an increase in adoption of MVR compressor. However, the fluctuation price of the compressor may impact the market. Moreover, growth in innovative technologies is a key opportunity for the market.
Based on geography, the USA and EU hold a major share in the MVR compressor market owing to growth I technological advancements and the presence of large manufacturers in the region. China's country is expected to witness a substantial growth due to an increase in population & rapid urbanization, a rise in disposable income and growth in the economy over the forecast period. It is anticipated that the market will be reached at a quick pace on account of the rapid decrease in freshwater resources and a rise in insensitivity towards the environmental impact of industrial or trade management practices during the forecast period. The worldwide market is predicted to grow at a CAGR of approximately 6.6% over the next five years, will reach the US $360 million in 2024, from the US $240 million in 2019.
Global MVR Compressor Market: Product Segment Analysis
Centrifugal type MVR Compressor
Roots-type MVR Compressor
Global MVR Compressor Market: Application Segment Analysis
Global MVR Compressor Market: Regional Segment Analysis
The players mentioned in our report:-
Leke Thermal Technology
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Ankur Gupta, Head Marketing & Communications