San Francisco,4 October 2018: According
to a report published by Grand View Research, Inc.; the global industrial
microwave heating equipment market is anticipated to reach a
valuation of around USD 1.4 billion by 2025. Increasing implementation of
magnetrons and Radio Frequency (RF) solid state amplifiers in various end-use
industries like food, plastic, paper, and wood can propel market growth during
the forecast period (2014 to 2025). In addition, increasing government
regulations related to safe use of the equipment can positively impact the
market.
Industrial microwave heating
equipment reduces over-processing, overheating, and scorching. They also
provide instantaneous heating control and are considered eco-friendly as they
do not produce combustion byproducts. The equipment has applications including
tempering and blanching, drying and sterilizing, foaming plastic materials,
rubber curing and tire pre-heating, final drying at paper making,
polymerization, and drying synthetic and coated paper. All these factors are
anticipated to drive the market demand over the forecast period.
The worldwide industrial
microwave heating equipment market can be segmented on the basis of equipment,
end-use, and region. Based on equipment, the market can be bifurcated into
magnetrons and RF solid state amplifiers. The RF solid state amplifiers segment
is expected to expand at a CAGR of around 13.0% over the forecast period. High
demand from various end-use industries is anticipated to spur the market growth
in the forthcoming years. These amplifiers offer better operating life,
frequency tuning, fast frequency hopping, and high precision output power
control. Frequent technological developments are expected to bode well for the
adoption of this product in near future.
Access
Research Report of Industrial
Microwave Heating Equipment Market@ www.grandviewresearch.com/industry-analysis/industrial-microwave-heating-equipment-market
As per end-use, the market for
industrial microwave heating equipment can be fragmented into food, paper,
plastics, chemicals, wood and derivatives, and others. In 2016, food industry
acquired the largest market share and is likely to grow at a CAGR of close to
7.0% during 2017 to 2025. Extensive usage in food industry due to versatile
applications in cooking, sterilizing, drying, foaming, tempering, and blanching
can propel segment growth.
The plastic segment is
expected to expand at a CAGR of over 6.0% during the estimated period. Rising
applications in drying casting cores, melting optical fibers with high
polypropylene content, preheating plastic profiles, and heating epoxide
pipes/tubes and heat-shrinkable molded parts are expected to impel demand over
the forecast period.
Geographically, the market for
industrial microwave heating equipment can be divided into North America, Asia
Pacific, Europe, Latin America, and Middle East and Africa. In 2016, Europe
accounted for the largest market share with around 34.0%. It is expected to
display significant expansion at around 6.0% CAGR during the forecast period.
This growth is attributed to rapid industrialization and implementation of
strict government regulations regarding use of microwaves/RF equipment in
industrial processing. This region is home to various technology-driven nations
and is likely to witness exponential rise in adoption of RF solid-state
amplifiers in the years to come.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/electronic-devices
In 2016, North America and
Asia Pacific collectively accounted for over 50% of the overall market share.
Both the regions are expected to register significant CAGR during the forecast
period. This growth can be accredited to availability of chemical, paper, and food
companies. Middle East and Africa and Latin America are expected to exhibit
considerable growth over the forecast period.
Key players operating in the
industrial microwave heating equipment market include Toshiba Hokuto
Electronics Corporation, Communications & Power Industries LLC, Richardson
Electronics, Ltd., Muegge GmbH, and L3 Electron Devices. Major companies are
increasingly investing in research and development activities to provide energy
efficient and affordable products. They are also focusing on inorganic growth
strategies like mergers and acquisitions and joint ventures to sustain market
competition and gain higher profit margins. Market players are also trying to
maintain their position in global scenario through enhanced distribution channels
and services.
Access
Press Release of Industrial Microwave Heating Equipment Market@ www.grandviewresearch.com/press-release/global-industrial-microwave-heating-equipment-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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