Global Industrial Microwave Heating Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026
MarketResearch.biz delivers in-depth insights on the global industrial microwave heating equipment market in its upcoming report titled, “Global Industrial Microwave Heating Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global industrial microwave heating equipment market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial microwave heating equipment market report has been segmented on the basis of equipment, end-use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Microwaves generate higher power densities, enabling increased production speeds and decreased production costs. Microwave energy is precisely controllable and can be turned on and off instantly, eliminating the need for warm-up. Industrial microwave systems are used in various industries. Various types of materials are heated by exposure to a high-frequency electric field such as nonmetallic or non-conducting materials.
Rapid industrialization and increasing demand for industrial microwave heating equipment from food and chemical industry are major factors driving growth of the global industrial microwave heating equipment market. In addition, industrial microwave heating equipment’s wide applicability in plastic industry in order to melt high polymers, drying casting cores, and other materials is another factor expected to support growth of the global industrial microwave heating equipment market. Moreover, advantages of microwave heating equipment such as uniform heat distribution which is not achievable with conventional heating methods is expected increase demand for the product from wood industry, which is further expected to support growth of the global industrial microwave heating equipment market in near future.
However, rising electricity prices in developing countries is expected to restrain growth of the global industrial microwave heating equipment market to certain extent.
Technological advancements and increasing R&D activities by manufacturers to adopt energy-efficient products is expected to create new opportunities in terms of revenue to players operating in the global industrial microwave heating equipment market over the forecast period.
The market in North America is expected to dominate the global industrial microwave heating equipment market in terms of revenue. North America market is expected to continue its dominance in the global industrial microwave heating equipment market over the forecast period. This can be attributed to increasing demand from chemical and plastic industry and presence of prominent market players operating in this region. Asia pacific market is expected to account for significant revenue share to the global industrial microwave heating equipment market, owing to presence of various food processing, paper, and chemical companies in emerging economies in this region.
Global Industrial Microwave Heating Equipment Market Segmentation:
- RF Solid State Amplifiers
By End-use industry:
- Wood & Derivatives
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- CoberMuegge LLC
- Communications & Power Industries LLC
- Hitachi Power Solutions Co., Ltd.
- Industrial Microwave Systems Ltd.
- L3 Technologies, Inc.
- Muegge GmbH
- Richardson Electronics, Ltd.
- Teledyne e2v Limited
- Toshiba Hokuto Electronics Corporation
- Kanchan International Limited
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