According to the research report, the global Industrial Microwave Heating Equipment Market size & share was valued at USD 1,159.9 Million in 2021 and is expected to reach USD 1,850.0 Million by 2029, and will grow at a CAGR of 6.4% during the forecast period.
Microwaves generate higher power densities, enabling less production costs. Microwaves can be easily turned on and off. For industrial purposes, various types of materials associated with microwave systems are heated by creating a high-frequency electric field such as nonmetallic or non-conducting materials. Industrial microwave heating equipment is finding widespread applications in rubber curing, tempering and blanching, foaming plastic materials, drying and sterilizing, drying coated paper and synthetic paper, polymerization, and many others.
Global industrial microwave heating equipment is expected to witness significant growth due to the numerous benefits offered by these products. Their characteristic of uniform heat distribution has contributed to the market’s quick rise in recent years. They meet the need for a pollution-free environment. Thus, various statutory governing agencies encourage industry use of industrial heating equipment to reduce environmental impact.
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The Reader Will Find The Following Fundamental Factors
- Analysis of the current and future structure of the global industrial microwave heating equipment market.
- Analysis of the consumption patterns.
- The international business environment, reasons for gaps, and initiatives are discussed.
- Product applications and types are suggested.
- The products or goods and consumption in a particular country and region are given.
- The forecasts for the anticipated period 2021-2028 are mentioned.
- Barriers and hurdles in the global industrial microwave heating equipment market that the players facing are highlighted.
Top Global Industry Players Are:
- CoberMuegge LLC
- Communications & Power Industries LLC
- Ferrite Microwave Technologies
- Hitachi Power Solutions Co. Ltd.
- Industrial Microw
- Kerone
- L3 Electron Devices
- Microdry Inc.
- Muegge GmbH
- NEDO
- PÜSCHNER
- Richardson Electronics
- Teledyne e2v Limited
- Thermex Thermatron
- Toshiba Hokuto Electronics Corporation
- Yamamoto Vinita Co. Ltd
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Key Questions Answered In The Report Include
- What is the current market size?
- How will the global industrial microwave heating equipment market change over the forecast period, and what will be the market size in the upcoming years?
- What are the driver’s restraints associated with the market, and how do these factors affect the dynamics over the forecast period?
- What growth areas are within the global industrial microwave heating equipment market space?
- How is the market sub-categorized, and which are the leading segments?
- What strategies are the market players adopting?
Industrial Microwave Heating Equipment Market: Growth Driving Factors:
Increased industrialization and strict government guidelines are anticipated to push the industrial microwave heating equipment market. For the safe use of microwaves/RF equipment in the industries, governments bodies across the world are building regulations, which is one of the key factors expected to positively affect the market demand. Its advantages, such as low energy requirement, better control over the process, and ability, have led to the increased broad applicability of these systems in the plastic industry for melting high polymers and other materials, thereby driving the market growth. In addition, rising technological advancements and increasing R&D activities by equipment manufacturers are projected to open up lucrative opportunities for market players operating in the global industrial microwave heating equipment market.
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Industrial Microwave Heating Equipment Market: Report Scope
|
Report Attribute |
Details |
|
Market Size 2021 Value |
USD 1,159.9 Million |
|
Market Outlook for 2029 |
USD 1,850.0 Million |
|
Expected CAGR Growth |
6.4% from 2022 – 2029 |
|
Base year |
2021 |
|
Forecast period |
2022 – 2029 |
|
Segments covered |
By Equipment, By Application, By Region |
|
Key Companies |
CoberMuegge LLC, Communications & Power Industries LLC, Ferrite Microwave Technologies, Hitachi Power Solutions Co., Ltd., Industrial Microw, Kerone, L3 Electron Devices, Microdry Inc., Muegge GmbH, NEDO, PÜSCHNER, Richardson Electronics, Teledyne e2v Limited, Thermex Thermatron, Toshiba Hokuto Electronics Corporation, and Yamamoto Vinita Co., Ltd. |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Customization Options |
Customized purchase options are available to meet your research needs. |
Industrial Microwave Heating Equipment Market: Key Segmentation
- Insights by Equipment, Application, Region
On the basis of equipment, the magnetrons technology segment of the worldwide industrial microwave heating equipment industry accounted for the largest market share in 201. However, these products are expected to get replaced by the RF solid-state amplifiers in the forecast years due to their several disadvantages including uneven heating, restricted shelf life, and slow or moderate heat transfer. On the basis of application, the food and beverage segment has shown remarkable growth in recent years. The growing demand for packaged foods is also one of the prominent drivers of this market.
Europe is expected to witness significant growth from 2021 to 2028, registering a CAGR of over 6.0%. This growth can be attributed to favorable government regulations over industrial usage of RF equipment/microwave and rapid industrialization. The rapid adoption of RF solid-state amplifiers is expected to boost the demand for such products across Europe. North America is anticipated to dominate the global industrial microwave heating equipment market over the forecast period owing to rising demand from the chemical and plastic industry and the presence of prominent market players operating in this region.
Browse the full “Industrial Microwave Heating Equipment Market Share, Size, Trends, Industry Analysis Report By Equipment (RF Solid State Amplifiers, Magnetron); By Application (Pharmaceutical, Plastic, Chemical, Paper, Food & Beverages, Others); By Region, Segment Forecast, 2022 – 2029” Report at https://www.polarismarketresearch.com/industry-analysis/industrial-microwave-heating-equipment-market
The market is primarily segmented on the basis of equipment, application, and region.
Industrial Microwave Heating Equipment Market: By Equipment Outlook
- RF Solid State Amplifiers
- Magnetron
Industrial Microwave Heating Equipment Market: By Application Outlook
- Pharmaceutical
- Plastic
- Chemical
- Paper
- Food and Beverages
- Other Application
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