The market for Industrial Magnetrons Market is expected to reach US$ XX Bn By 2027.
Globally, the industrial magnetrons market is expected to grow with a CAGR of 5.4% during the forecast period from 2019 to 2027. The market growth is driven by the increasing adoption of magnetrons across manufacturing facilities for heating, plasma generation, and plasma generation. Also, the increasing industrialization, along with the supportive government initiatives, is serving as a major force propelling the demand for industrial magnetrons.
Regulatory authorities across the countries are formulating stringent guidelines and regulations to maintain the safety of the industrial heating process among industrial facilities. Besides, the technological advancement in the magnetrons is also augmenting the growth of the market. However, the increasing adoption of advanced tools and equipment to reduce the overall cost of operation is acting as an inhibitor to market growth. Moreover, the high cost of industrial magnetrons is also hindering the growth of the market.
The industrial magnetrons market is categorized based on the cooling type into water-cooled and air-cooled magnetrons. Water-cooled magnetrons dominated the market with more than 70% share in the revenue. The segment growth is attributed to the large-scale adoption of water-cooled magnetrons to prevent the overheating of the equipment. On the other hand, air-cooled magnetrons are estimated to grow significantly during the forecast period. The cost-effective nature of the air-cooled variant is driving its demand across industrial facilities.
North America led the industrial magnetrons market with a 35% share in the revenue. The increasing industrialization across the region is the primary factor driving the demand for industrial magnetrons across the region. Steady economic growth in the region along with the supportive government policies in the region, acts as a major driver for the growth of the market. However, the increasing adoption of advanced technologies is the major constraint in the growth of the market.
The prominent players in the industrial magnetrons market are Bosch GMBH, CPI International Inc., Haier Group Corporation, Hitachi Ltd., L3 Technologies Inc., MDP Components, MUEGGE GmbH, Panasonic Corporation, Richardson Electronics Ltd., Sharp Corporation, STT International Limited, Teledyne E2V Limited, and Toshiba International Corporation.
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
The industrial magnetrons market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global industrial magnetrons market based on product, operating frequency, cooling type, application, and geography. Key segments covered in the report are as follows:
ATTRIBUTE DETAILS
Research Period 2017-2027
The base Year 2018
Forecast Period 2019-2027
Historical Year 2017
Unit USD Billion
Segmentation Product Segment (2017–2027; US$ Bn)
Operating Frequency Segment (2017–2027; US$ Bn)
Cooling Type Segment (2017–2027; US$ Bn)
Application Segment (2017–2027; US$ Bn)
Geography Segment (2017–2027; US$ Bn)
The market for Industrial Magnetrons Market is expected to reach US$ XX Bn By 2027.
The Industrial Magnetrons Market is expected to see significant CAGR growth over the coming years, at 5.4%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Bosch GMBH, CPI International Inc., Haier Group Corporation, Hitachi Ltd., L3 Technologies Inc., MDP Components, MUEGGE GmbH, Panasonic Corporation, Richardson Electronics Ltd., Sharp Corporation, STT International Limited, Teledyne E2V Limited are some of the major players in the global market.