Industrial Magnetrons Market

Industrial Magnetrons Market: APEJ to Remain Fastest-Expanding Market for Industrial Magnetron: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2026)

The magnetron technology finds widespread employment in various end-use industries for wide range of plasma generation, drying, and heating processes. Although, demand for magnetron in the industrial sector has remained steady, efforts for minimizing operational costs have influenced manufacturers in introducing advanced equipment. The overall outlook for the global industrial magnetron seems positive, with a steady stream of opportunities likely to emerge for stakeholders to capitalize on.

Adoption of Industrial Magnetrons for Plasma Generation to Witness a Steady Rise

In industrial settings, processing continuous flow of materials creates demand for continuous-wave magnetrons. The EM-shielded chamber is basically cooled using water or air, in order to prevent overheating of the equipment. Although both water- and air-cooled magnetrons are widely employed in industrial settings, demand for air-cooled magnetrons are expected to remain relatively higher on the back of their cost effectiveness. Heating and drying processes underpin majority of demand for magnetrons in the industrial sector. Adoption of industrial magnetrons for plasma generation has therefore been gaining a steady rise over the past few years. Solid-state power oscillators are emerging as a viable alternative to industrial magnetrons. Although adoption of solid-state power oscillators in currently low, their purported benefits such as requirement for relatively lower power supply bias voltages and longer lifespan are making them an enabling technology for industrial settings when it comes to heating and drying applications. Demand for solid-state power oscillators is anticipated to witness a surge in the near future, thereby restraining adoption of industrial magnetrons to a certain extent.

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A steady growth has been projected for the global industrial magnetron market by Future Market Insights’ newly developed report. Worldwide sales of industrial magnetrons will bring in roughly US$ 6,000 Mn revenues by 2026-end.

APEJ to Remain Fast-Expanding Market for Industrial Magnetron

Asia-Pacific excluding Japan (APEJ) is slated to remain the fast-expanding market for industrial magnetron. Developments in China and India are expected to be the keystone for the overall market growth in the region. Although concerns regarding deleveraging exist in China, the broader outlook on the country’s industrial growth is likely to remain positive. India will also embark on drastic reforms, aiming to boost investments in the country’s industrial sectors. These macroeconomic factors will together influence demand for industrial magnetrons in APEJ.

North America will remain the most remunerative market for industrial magnetron. Revenues from industrial magnetron sales in this region will account for nearly two-fifth market share by 2026-end. American industries account for the bulk of demand for magnetrons, with Canada accounting for a minority share. The macroeconomic outlook on the US remains positive, with a period of Goldilocks in the offing.

Key Research Findings from FMI’s Report

  • Continuous wave industrial magnetrons will continue to be dominant among products in the market, with revenues poised to hold over two-third market share by 2026-end

  • Although industrial magnetrons with X band will remain leading revenue contributor to the market based on operating frequency, industrial magnetrons with Ku & Ka band will exhibit the highest CAGR in the market through 2026

  • Sales of industrial magnetrons will register the fastest expansion in medical applications through 2026, followed by radar systems

  • Air-cooled industrial magnetrons will remain sought-after in the market, with revenues forecast to exceed US$ 3,000 Mn by 2026-end

Competition Tracking

Leading players in the global industrial magnetron market are directing their focus toward the development of customized and energy-efficient industrial magnetrons. FMI’s report has identified key players guiding the market expansion significantly, which include Panasonic Corporation, Toshiba International Corporation, Hitachi Ltd., L3 Technologies, Inc., MUEGGE GmbH, Teledyne E2V Limited, CPI International Inc., Richardson Electronics, Ltd., MDP Components, and STT International Limited.

Magnetrons have served different purposes based on objectives of the end-use industries. Industrial magnetrons are employed for moisture-reduction in pharmaceutical industries, and to enable different types of coatings on plastic & rubber material in the coatings industries. A steady rise in adoption of industrial magnetron is witnessed over past couple of years. However, rising emphasis on curtailing the operational costs is encouraging manufacturers to make advancements in the industrial magnetrons.

A new insightful report has been developed recently by Future Market Insights (FMI), titled “Industrial Magnetron Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2026)”. Forecasts on the global industrial magnetron market have been delivered in the report, and the market has been examined in detail. The report offers important dynamics that impact the market expansion. Coupled with the information about latest market trends, augmenting factors and restraining factors that affect growth of the market, the report includes an in-depth study on the data with regard to multiple market parameters.

Report Structure

The report begins with a chapter on the “executive summary”, which propounds a précis of the global industrial magnetron market, in accordance with the information about crucial market numbers such as the historical CAGR (2012-2016) & the forecast CAGR (2017-2026). These market numbers rendered are related to the segments included in the report. A chapter titled “overview” trails the executive summary, incorporating the definition of “industrial magnetron” that succeeds a succinct market introduction. This chapter clearly depicts the wide scope of the global industrial magnetron market. Few chapters in the report deliver intelligence on the pricing analysis along with the cost structure apropos to current condition of the global industrial magnetron market.

Market Taxonomy

Moving further, the report imparts forecast on global market for industrial magnetron based on a segmentation-wise analysis. Classifying the global market for industrial magnetron into five key segments viz. applications, cooling type, operating frequency, product type, and region, the report provides associated market numbers on the basis of Y-o-Y growth comparison, the market share comparison, and revenue comparison. Geographically, the global industrial magnetron market has been characterized into Middle East & Africa (MEA), North America, Latin America, Asia-Pacific excluding Japan (APEJ), Europe, and Japan.

Region

Product Type

Operating Frequency

Cooling Type

Applications

  • North America

  • Continuous Wave

  • L Band

  • Air Cooled

  • Industrial Heating Equipment

  • Latin America

  • Pulsed

  • S Band

  • Water Cooled

  • Radar Systems

  • Europe

 

  • C Band

 

  • Medical Applications

  • Japan

 

  • X Band

 

  • Others

  • APEJ

 

  • Ku & Ka Band

 

 

  • MEA

 

 

 

 

Competition Landscape

An attentive analysis of the global industrial magnetron market’s competition landscape is issued in the report’s concluding chapter, which incorporates information about prominent industries significantly contributing to the market expansion. The occupancy of the market players has been tracked and profiled in the report with the help of an intensity map. The report identifies key market participants scrupulously, and offers insights based on key financials, key developments, company overview, SWOT analysis, and product overview.

Research Methodology

A robust, proven & tested research methodology has been leveraged by FMI’s analysts for compiling the report on the global industrial magnetron market. This research methodology has helped the analysts in delivering accurate insights appertaining to the global industrial magnetron market. The research methodology used depends completely upon secondary & primary researches, to glean important information related to the market. The intelligence offered has been validated numerous times by analysts for ensuring its authenticity, and for making the report an authoritative & reliable reference source for its readers.