Industrial Microwave Heating Industry 2019
The Industrial Microwave Heating market is anticipated to reach over 1,602.1 million by 2026. In 2017, the Magnetron segment dominated the global market, in terms of revenue. Europe is expected to be the leading contributor to the global market revenue during the forecast period.
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The diverse applications of Industrial Microwave Heating in industries such as pharmaceutical, plastic, chemical, paper, and food and beverages among others are expected to support the growth of this market. Other driving factors include lower maintenance costs, higher operating efficiency, and reduced power consumption. However, increasing prices of electricity hamper the growth of the market. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
The growing adoption of industrial microwave heating in food and beverage, and pharmaceutical sectors is expected to support the Industrial Microwave Heating market growth. The increasing requirement for even heating while increasing production speeds and reducing production costs drives the demand for industrial microwave heating. The growing trend towards use of energy efficient microwave heating is expected to boost the growth of the industrial microwave heating market.
The Europe Industrial Microwave Heating Market generated the highest revenue in 2017, and is expected to lead the global market throughout the forecast period. The presence of established industries such as pharmaceutical, plastic, paper, and wood among others, substantial initiatives in research and development, and favorable government policies drive the market growth. Rapid industrialization and growth of manufacturing industry further support the Industrial Microwave Heating market growth in the region.
The different applications of Industrial Microwave Heating include pharmaceutical, plastic, chemical, paper, food and beverages, and others. In 2017, the food and beverages segment accounted for the highest market share owing to the increasing demand for drying, sterilizing, and mold-proofing of food products. Microwave heating is also used for cooking, foaming, blanching, and drying processes for manufacturing of foods and beverages.
The leading companies profiled in the Industrial Microwave Heating Market report 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. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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Table Of Contents – Major Key Points
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Industrial Microwave Heating Market Insights
3.1. Industrial Microwave Heating – Industry snapshot
3.2. Industrial Microwave Heating – Ecosystem analysis
3.3. Industrial Microwave Heating Market Dynamics
3.3.1. Industrial Microwave Heating – Market Forces
220.127.116.11. Industrial Microwave Heating Market Driver Analysis
18.104.22.168. Industrial Microwave Heating Market Restraint/Challenges analysis
22.214.171.124. Industrial Microwave Heating Market Opportunity Analysis
3.4. Industry analysis – Porter’s five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Industrial Microwave Heating Market PEST Analysis, 2016
3.6. Industrial Microwave Heating Market Value Chain Analysis
3.7. Industrial Microwave Heating Industry Trends
3.8. Competitive Ranking Analysis
4. Industrial Microwave Heating Market Size and Forecast, 2017-2026 by Equipment
4.1. Key Findings
4.2. RF Solid State Amplifiers
5. Industrial Microwave Heating Market Size and Forecast, 2017-2026 by Application
5.1. Key Findings
5.6. Food and Beverages
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