Industrial Magnetrons Market Projected To Expand At A CAGR Of Over 3.60 % through 2023 to 2029
According to researchers at Zion Market Research, the global Industrial Magnetrons Market size was valued at US$ 480.39 Mn in 2022 and the total revenue is expected to grow at 3.60 % through 2023 to 2029, reaching nearly US$ 615.34 Mn. The augmenting demand for the plasma generation impels the global market. Magnetrons are generally utilized for moisture reduction all through the industrial facilities, facilitating several kinds of plastic & rubber material for coating applications. Additionally, the mounting demand for microwave heating from manufacturing facilities is a key factor driving the demand for industrial magnetrons. The constructive administrative initiatives for industrial heating surge the expansion of the market. Nevertheless, in market development, the increasing adoption of the solid-state oscillator serves as an inhibitor. In the last five years, owing to their durability and energy efficiency, the solid-state oscillator has appeared as one of the most important alternates for industrial magnetrons.
Rise In Demand For Smart Home Appliances To Boost The Global Industrial Magnetrons Market
The rapidly growing market of smart home appliances and communication applications will mainly drive the augmentation of the global magnetron market. The increasing demand for built-in oven and premium microwaves ranges are projected to advance the requirement for efficient and powerful magnetrons in the market. In addition, with the augmenting inclination toward modular kitchens and home decoration, the demand for home appliances like built-in microwave ovens has amplified significantly, which is further projected to pitch the intensification of the global magnetron market. The key manufacturers are also coming up with advanced features like auto cook, auto reheat, and child lock to supply to the demands of customers.
The global industrial magnetrons market is bifurcated on the basis of product, operating frequency, cooling type, application, and regional analysis. Based on the product, the market is divided into pulsed and continuous wave. Based on the operating frequency, the market is divided into C band, L band, S band, X band, and Ku & Ka band. Based on the cooling type, the market is divided into air cooled and water cooled. Based on the applications, the market is divided into radar systems, industrial heating equipment, medical application, and others.
Asia Pacific Region Expected To Dominate The Global Industrial Magnetrons Market
Based on geographical analysis, the global industrial magnetrons market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region is expected to rule the industrial magnetrons market. Expansion and development across China and India are projected to be the foundation for the overall market development. In the future, the increasing investment in the industrial division is likely to influence the growth of the industrial magnetron market across the Asia Pacific region.
Some of the leading players in the market are -
- Haier Group Corporation
- Bosch GMBH
- MUEGGE GmbH
- MDP Components
- Toshiba International Corporation
- Sharp Corporation
- Hitachi Ltd.
- CPI International Inc.
- Panasonic Corporation
- L3 Technologies Inc.
- STT International Limited
- Richardson Electronics Ltd.
- Teledyne E2V Limited.
The global industrial magnetrons market is segmented as follows:
By product:
- Continuous wave
- Pulsed
By operating frequency:
- C Band
- L Band
- S Band
- X Band
- Ku & Ka Band
By cooling type:
- Water cooled
- Air cooled
By application:
- Medical Application
- Industrial Heating Equipment
- Radar Systems
- Others
By region:
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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