Sep 18, 2020   SOURCE: BusinessWire

Industrial Magnetrons Market - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2019 & 2020-2026 - ResearchAndMarkets.com

The "Industrial Magnetrons Market - By Product, By Application, and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.

The global Industrial Magnetrons market is set to record a CAGR of nearly 5.6% over the period from 2020 to 2026

The report offers assessment and analysis of the Industrial Magnetrons market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).

Though magnetrons find extensive usage in heating procedures, plasma generation, and drying processes, its application in industrial sectors has gained traction in the recent years. Apparently, industrial magnetrons help in reducing operating costs and this has prompted firms to launch new devices, thereby enhancing the popularity of industrial magnetrons globally. In addition to this, industrial magnetrons find large-scale applications in radar transmitters.

Moreover, crossed as well as electron magnetic fields are generally used in magnetron devices in order to produce high-power output required in radars. In addition to this, a magnetron is usually a high powered vacuum tube operating as a self-activated microwave oscillator.

Market Growth Dynamics

Processing of constant flows of substances in the industrial set up will generate a humongous need for incessant wave magnetrons, thereby driving market trends. In addition to this, water cooled magnetrons and air cooled magnetrons are extensively deployed in industries. Apparently, air-cooled magnetrons are likely to gain more popularity across myriad sectors in the near future owing to their cost-efficiency.

Furthermore, large-scale utility of magnetrons in heating & drying procedures in industries will amplify the growth of the market in the years to come. However, with solid state power oscillators emerging as a best alternative for industrial magnetrons due to low electricity supply bias currents, it is likely to pose a big threat to the market demand over the forthcoming years.

Asia Pacific Market To Accrue Huge Returns Over 2020-2026

The growth of the market in the Asia Pacific zone over 2020-2026 can be attributed to massive product demand in various sectors in countries like India and China. In addition, large-scale funding of various industries in these countries is one of the key factors that will influence the growth of the business in Asia Pacific over the coming years.

Key players leveraging the industry growth are

  • Sharp Corporation
  • MUEGGE GmbH
  • Panasonic Corporation
  • Richardson Electronics Ltd.
  • Haier Group Corporation
  • CPI International Inc.
  • MDP Components
  • Bosch GMBH
  • L3 Technologies Inc.
  • Toshiba International Corporation
  • Hitachi Ltd.
  • STT International Limited
  • Teledyne E2V Limited

For more information about this report visit https://www.researchandmarkets.com/r/yma421