The global Industrial Microwave Heating Equipment Market size is expected to reach USD 1.57 billion by 2027 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 and Beverages, Other Application); By Regions Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is expected to grow at a substantial rate over the forecast period. Government regulations aimed at reducing energy usage, efforts taken by companies to achieve sustainable goals, coupled with rising industrialization across the globe especially in Asia Pacific region is expected to benefit the overall industry growth. Inherent advantages of industrial microwave heating systems such as low energy requirement, better control over the process and ability to offer customized services have resulted in wide applicability of these systems in a spectrum of end-use industries thus further driving the market growth.
The market is characterized by frequent mergers, acquisition, as well as other strategic initiatives by leading market participants. In August 2020, Meyer Burger Technology, a Swiss based conglomerate sold its subsidiary business Muegge, to Germany based equity firm HQ Equita. Muegge is involved in providing industrial microwave heating systems in addition to plasma equipment to a host of application industries.
Industrial Microwave Heating Equipment is finding widespread applications in food & beverage industry and is used for microwave food drying, pasteurization, sterilization, tempering, heating, among others. The usage of microwave equipment ensure that all these processes are ensured with high efficiency, retention of original nutritional content, and in less cost. This scenario is further driving the penetration of these equipment in the food & beverage industry. This trend has resulted in a rise in demand for industrial microwave heating equipment for applications in food & beverage industries thus resulting in overall market growth.
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China occupies a majority of market share in the Asia Pacific region. The country is highly industrialized and has emerged as a major manufacturing hub in the world. These trends have benefitted the overall market growth. The country effectively curbed the coronavirus outbreak and hence, did not suffer as much as other European countries. This ensured that the manufacturing in the country to be operational, thus benefitting the overall market growth.
Industries, in the recent past paid special attention to development and modification of Industrial Microwave Heating Equipment technology to exactly match the process needs of their clients. Different application needs have different process requirements and it is imperative that these heating systems have the ability to modify parameters such as Working Frequency, Working Temperature, Working Temperature, Control Method, Conveyor Speed, Drying Temperature, among others. Continuous R&D has enabled participants to achieve the same and this trend is a major contributor to the generalization of Industrial Microwave Heating Equipment in various application industries.
Some of the key market participants that operate in the industry include Hitachi Power Solutions Co., Ltd., Muegge GmbH, Teledyne e2v Limited, Industrial Microwave Systems Ltd., CoberMuegge LLC, Communications & Power Industries LLC (CPI), L3 Technologies, Inc., Richardson Electronics, Ltd., MDP Components, STT International Limited, Panasonic Corporation, and Toshiba International Corporation among others
Polaris Market research has segmented the Industrial Microwave Heating Equipment Market report on the basis of equipment type, application, and region
Industrial Microwave Heating Equipment Outlook (Revenue, USD Million, 2015 – 2027)
- RF Solid State Amplifiers
Industrial Microwave Heating Equipment Application Outlook (Revenue, USD Million, 2015 – 2027)
- Food and Beverages
- Other Application
Industrial Microwave Heating Equipment Region Outlook (Revenue, USD Million, 2015 – 2027)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa