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Industrial Microwave Heating Equipment Market Growth Report 2027

Industrial Microwave Heating Equipment Market Analysis Report By Equipment, By End Use And Segment Forecasts From 2020 To 2027

Report ID: MN17620125  |  Published: September 2020  |  No of Pages: 82
Format: Electronic (PDF)  |  Industry: HVAC (Heating, Ventilation, & Air Conditioning)  |  Publisher: Grand View Research

Industry Insights

The global industrial microwave heating equipment market generated a revenue of USD 1.03 billion in 2019. It is estimated to witness a 6.21% CAGR from 2020 to 2027. The rising adoption of such equipment across industries like food, plastic, paper, derivatives, and wood is expected to drive market growth.

These heating equipment are widely used for processes like sterilizing, drying, rubber curing, tire pre-heating, polymerization, and paper drying. Features like a decrease in chances of overheating, scorching and over-processing are expected to boost the demand for such equipment. Moreover, benefits like no by-products on combustion, and quick heating control are satisfying the need for a pollution-free environment.

Global industrial microwave heating equipment market

One of the advantages of such equipment is that they do not heat the furnace walls and the surrounding atmosphere. Thus, several statutory governing bodies are promoting the usage of industrial heating equipment. As these products are eco-friendly in nature and can be used for a wide range of industrial applications, their demand is expected to upsurge in the upcoming years.

Equipment Insights

In 2019, the magnetrons equipment segment accounted for the largest share across the global industrial microwave heating equipment market. But, they are expected to get replaced by the RF solid-state amplifiers in the upcoming years. This can be associated with several drawbacks like uneven heating, restricted shelf life, and slow or moderate heat transfer.

The RF solid-state amplifier segment is expected to witness the highest CAGR of around 10.0% in the upcoming years. Features like higher shelf life, generation of energy in varied frequencies, more volumetric heating, and quick heat transfer are projected to propel the market growth for this segment.

End-Use Insights

The food end-user segment accounted for the largest share across the global market in 2019. It is also expected to witness around 7.0% CAGR in the upcoming years. This can be associated with the rising adoption of heating equipment for processes like foaming, cooking, blanching, tempering, puffing, sterilizing, and drying.

The segment of plastic is anticipated to register a CAGR of around 6.0% in the upcoming years. This can be associated with the usage of such equipment for procedures like optical fiber melting having higher polypropylene content, preheating of plastic profiles, and the drying of casting cores.

Regional Insights

Europe is anticipated to register significant growth from 2020 to 2027 with a CAGR of around 6.0%. Favorable policies being imposed by the statutory governing bodies over industrial usage of RF equipment/microwave and rapid industrialization are the major factors contributing to this growth. Moreover, the surging adoption of RF amplifiers across developed regions across Europe is anticipated to propel the demand for such products.

Global industrial microwave heating equipment market share

North America and the Asia Pacific jointly accounted for a share of around 50.0% across the global industrial microwave heating equipment market in 2019. This can be associated with the rising presence of chemical, food, and paper industries across these regions. Latin America and Middle East & Africa are expected to register moderate growth over the forecasted period, 2020 to 2027.

COVID-19 Impact Insights

The market has been affected negatively due to the ongoing COVID-19 pandemic. The imposition of lockdown and travel restrictions has severely affected the manufacturing sector across the globe. Numbers of industries are witnessing shut down owing to reduced demand for the products, hindrance in the supply chain, and economic instability. But, innovation and product development being undertaken by the key players are expected to drive the market growth to some extent over the post-pandemic period.

Industrial Microwave Heating Equipment Market Share Insights

The key players operating in this market are L3 Electron Devices, Communications and Power Industries LLC, Muegge GmbH, Richardson Electronics, Ltd., CoberMuegge LLC, and Teledyne e2v Limited. Continuous innovation and product developments are being carried out by these players for enhancing the usage of their products.

They are also focusing to develop inorganic strategies of growth like acquisitions, mergers, and joint ventures for widening their geographical reach and to gain a cutting edge over other players. Also, an increase in the number of services being offered and the widening of distribution channels are being undertaken by these players to boost their market share.

Report Scope

Attribute

Details

The market size value in 2020

USD 1.09 billion

The revenue forecast in 2027

USD 1.77 billion

Growth Rate

CAGR of 6.21% from 2020 to 2027

The base year for estimation

2019

Actual estimates/Historical data

2018 - 2019

Forecast period

2020 - 2027

Quantitative units

Revenue in USD million and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Equipment, end-user, and region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; and Mexico

Key companies profiled

CoberMuegge LLC; Communications & Power Industries LLC (CPI); Hitachi Power Solutions Co., Ltd.; Industrial Microwave Systems Ltd.; L3 Electron Devices (L3 Technologies, Inc.); Muegge GmbH; Richardson Electronics, Ltd.; Teledyne e2v Limited; and Toshiba Hokuto Electronics Corporation.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail of customized purchase options to meet your exact research needs.


Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2019 to 2027 in each of the sub-segments. For this study, Million Insights has segmented the global industrial microwave heating equipment market based on equipment, end-user, and region:

• Equipment Outlook (Revenue, USD Million, 2019 - 2027)
    • Magnetrons
    • RF Solid State Amplifiers

• End-Use Outlook (Revenue, USD Million, 2019 - 2027)
    • Food
    • Paper
    • Wood & Derivatives
    • Plastic
    • Chemical
    • Others

• Regional Outlook (Revenue, USD Million, 2019 - 2027)
    • North America
        • The U.S.
        • Canada
    • Europe
        • The U.K.
        • Germany
    • The Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

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