The global industrial microwave heating equipment market is expected to reach USD 1,850.0 million by 2029 according to a new study by Polaris Market Research. The report “Industrial Microwave Heating Equipment Market Share, Size, Trends, Industry Analysis Report By Equipment (RF Solid State Amplifiers, Magnetron); By Application (Pharmaceutical, Plastic, Chemical, Paper, Food & Beverages, Others); By Region, Segment Forecast, 2022 - 2029” gives a detailed insight into current industry dynamics and provides analysis on future market growth.
During the projected timeframe, rising demand in a variety of end-use sectors such as wood, food, paper, plastic, and composites, as well as chemicals, is expected to boost the industry. Drying and disinfecting, temper and softening, latex curing and tire pre-heating, final dryness at paper manufacturing, foaming plastic substances, drying coated paper and synthesized sheet, and polymerization are a few of the uses for these systems.
Dominant industry players frequently engage in mergers and acquisitions, as well as other competitive efforts. Meyer Burger Technology, a Switzerland multinational, sold its company, Muegge, to HQ Equita, a German private equity group, in August 2020. Muegge is a provider of industrial microwave heating devices and plasma systems to a wide range of industries.
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From 2022 to 2029, Europe is expected to have strong growth. The key reasons leading to this increase are favorable rules established by statutory regulating authorities regarding industrial use of RF equipment and growing industrialization. Furthermore, the increasing use of RF amplifiers in established countries across Europe is expected to drive up demand for these devices.
In the Asia Pacific area, China holds the bulk of the industry share. The nation is technologically advanced and has established itself as a global manufacturing powerhouse. These developments have aided the industry's total expansion. The country successfully contained the coronavirus pandemic, and so suffered less than other European states. As a result, production in the country was able to continue, benefiting the total microwave heating system market growth.
Key market players operating in the global market include Communications & Power Industries LLC, CoberMuegge LLC, Hitachi Power Solutions Co., Ltd., Toshiba Hokuto Electronics Corporation Ferrite Microwave Technologies, L3 Electron Devices, Kerone, Microdry Inc., NEDO, PÜSCHNER, Muegge GmbH, Richardson Electronics, Thermex Thermatron, Teledyne e2v Limited, and Yamamoto Vinita Co., Ltd.
Polaris Market Research has segmented the industrial microwave heating equipment market report on the basis of disease type, technology, and region:
Industrial Microwave Heating Equipment, Equipment Outlook (Revenue – USD Million, 2017 - 2029)
Industrial Microwave Heating Equipment, Application Outlook (Revenue – USD Million, 2017 - 2029)
Industrial Microwave Heating Equipment Regional Outlook (Revenue – USD Million, 2017 - 2029)