Industrial Microwave Heating Equipment Market Size, Share, Growth and Trend Analysis Reportby Susan Hill Business Consultant
The global industrial microwave heating equipment market size is
expected to reach USD 1.4 billion by 2025, according to a new report by Grand
View Research, Inc., expanding at a CAGR of 5.6% during the forecast period.
Increasing adoption of magnetrons and RF solid state amplifiers in various
end-use industries such as food, paper, plastic, and wood and derivatives is
anticipated to positively affect market growth. These high-efficiency products
are poised to witness significant rise in demand in the coming years owing to
their long operating life, low maintenance requirements, and low power
Surging demand for RF solid state amplifiers is
estimated to drive the overall market. They are likely to replace magnetrons
over the forecast period due to benefits they offer, such as enhanced operating
life, high precision output power control, frequency tuning, and fast frequency
hopping. Moreover, the product has undergone several technological advancements
over the past few years, which has led to its increased demand.
The industrial microwave heating equipment market is
projected to witness remarkable growth over the forecast period owing to rising
adoption of the equipment in varied applications across different end-use
industries. Some of the applications include drying coated paper and/or
synthetic paper, drying chemicals and pigments, puffing and vacuum drying, and
rubber curing and tire pre-heating.
Furthermore, growing government regulations
pertaining to safe usage of industrial microwave heating equipment continue to
be one of the key growth stimulators for the market. Governments have
established standards for maximum permissible emissions as well as equipment
design and operation. For instance, the Federal Communications Commission (FCC)
has assigned frequencies for microwave food processing.
key findings from the study suggest:
- The industrial microwave heating equipment market was valued at USD
890.2 million in 2016 and is expected to post a CAGR of 5.6% over the
forecast period, owing to growing adoption of RF solid state amplifiers in
various end-use industries
- The RF solid state amplifiers segment is anticipated to the rise at
a phenomenal CAGR of 13.0% during the forecast period, owing to factors
such as increased operating life, high-precision output power control, low
maintenance, and fast frequency tuning and hopping
- Magnetrons and RF solid state amplifiers are widely adopted in the
food industry, owing to their usage in diverse applications including
cooking and foaming, drying and sterilizing, and tempering and blanching.
The industry will be the fastest growing end-use segment, registering a
CAGR of 6.9% during the forecast period
- Europe represented the leading market share of approximately 34.0%
in 2016 and is estimated to witness substantial growth over the forecast
period, owing to rising industrialization and stringent government
- Key players such as Communications & Power Industries LLC, L3
Electron Devices, Muegge GmbH, Richardson Electronics, Ltd., and Toshiba
Hokuto Electronics Corporation dominated the market in 2016 and focus on
strengthening their presence through mergers and acquisitions.
full research report on global industrial microwave heating equipment market:
Created on Feb 5th 2020 05:47. Viewed 162 times.