Questions? +1 (202) 540-8337 Login
Trusted News Since 1995
A service for publishing professionals · Friday, May 25, 2018 · 448,705,202 Articles · 3+ Million Readers

Industrial Magnetrons Market Projected to reach US$ 6,000 Mn by 2026-end

Demand for industrial magnetrons is further influenced by a slew of microeconomic and macroeconomic factors such as overall growth prospects of the global industrial sector, government policies, technological evolutions and growing demand from end-users

Valley Cottage, NY, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Future Market Insights’ recently compiled report projects the global industrial magnetron market to exhibit an above-average growth over the forecast period (2017-2026). Global sales of industrial magnetrons are estimated to reach approximately US$ 6,000 Mn in revenues by 2026-end.

Growing Emphasis on Reducing Operational Costs Leading to Development of Advanced Industrial Magnetrons

Magnetrons serve different purposes subject to objectives of various end-use industries. For example, industrial magnetrons are utilized for moisture-reduction in the pharmaceutical industry, and for enabling different types of coatings to plastic and rubber materials in the coatings industry. Adoption of industrial magnetron has witnessed a steady rise in the recent past. However, growing emphasis on minimizing the operational costs has encouraged manufacturers in making advancements in industrial magnetrons. Demand for industrial magnetrons is further influenced by a slew of microeconomic and macroeconomic factors such as overall growth prospects of the global industrial sector, government policies, technological evolutions and growing demand from end-users.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-6143

In various industrial settings, processing of continuous material flow creates demand for the continuous-wave magnetrons. The EM-shielded chamber has been basically cooled by utilizing water or air, in a bid to prevent overheating of industrial equipment. Both water- & air-cooled magnetrons have been widely utilized in the industrial settings, however demand for air-cooled industrial magnetrons are likely to remain comparatively higher owing to their cost effectiveness. Heating and drying process underpins most of the demand for magnetrons in many industrial settings. Requirement for industrial magnetrons in plasma generation has therefore gained a steady increase since the recent past.

North America to Lead the Market in Terms of Revenues

North America will continue to lead the global industrial magnetron market, in terms of revenues. Revenue share of Europe and Asia-Pacific excluding Japan (APEJ) will also remain high in the market. The industrial magnetron market in APEJ will register the highest CAGR through 2026, followed by North America. Middle East & Africa, Latin America and Japan will remain least lucrative markets for industrial magnetron.

Based on product type, continuous wave industrial magnetrons will continue to dominate the market, with revenues projected to account for over two-third market share by 2026-end. Sales of continuous wave industrial magnetron will register an impressive expansion through 2026. Demand for pulsed industrial magnetron will remain relatively lower in the market.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-6143

Industrial Magnetrons with X band will Remain Sought-after in the Market

On the basis of operating frequency, industrial magnetrons with X band will remain sought-after in the market, trailed by Ku & Ka Band and C band. Sales of industrial magnetrons with Ku & Ka band will reflect the fastest expansion through 2026, closely followed by those with X band.

Based on cooling type, air-cooled industrial magnetrons will remain preferred in the market, with sales poised to surpass revenues worth US$ 3,000 Mn by 2026-end. Revenues from water-cooled industrial magnetrons will account for over two-fifth share of the market by 2026-end. Radar systems will continue to be the most lucrative applications of industrial magnetrons. However, sales of industrial magnetrons for medical applications will reflect a relatively faster expansion through 2026.

View Report Preview at Industrial Magnetrons Market Taxonomy by Product Type - Continuous Wave, Pulsed; By Operating Frequency - L Band, S Band, C Band, X Band, Ku & Ka Band; By Cooling Type - Air Cooled, Water Cooled; By Applications - Industrial Heating Equipment, Radar Systems, Medical Applications, Others: https://www.futuremarketinsights.com/reports/industrial-magnetrons-market

Establishment of new manufacturing facilities associated with various industries and growing investment in R&D activities by leading market players have created demand for industrial magnetrons. Prominent players in the market are increasingly focusing on the development of energy-efficient industrial magnetrons. Key market participants identified by the report include STT International Limited, MDP Components, Richardson Electronics, Ltd., CPI International Inc., Teledyne E2V Limited, MUEGGE GmbH, L3 Technologies, Inc., Hitachi Ltd., Toshiba International Corporation, and Panasonic Corporation.

Browse More: Industrial Automation & Equipment Market Insights

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us
                    
                    Mr. Sudip Saha
                    Future Market Insights
                    616 Corporate Way, Suite 2-9018,
                    Valley Cottage, NY 10989,
                    United States
                    T: +1-347-918-3531
                    F: +1-845-579-5705
                    T (UK): + 44 (0) 20 7692 8790 
                    Sales: sales@futuremarketinsights.com
                    Press Office: Press@futuremrketinsights.com
                    FMI Blog: http://www.fmiblog.com/
                    Website: www.futuremarketinsights.com

/EIN News/ -- Primary Logo

Powered by EIN News