Dec 9, 2022   SOURCE: BusinessWire

Insights on the Vacuum Furnaces Global Market to 2031 - Rising Population, Globalization and Rise in Disposable Income has Fueled Growth - ResearchAndMarkets.com

The "Global Vacuum Furnaces Market By Type, By Operation, By End User Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

The global vacuum furnaces market size was valued at $934.1 million in 2021, and is projected to reach $1,298.8 million by 2031, registering a CAGR of 3.2% from 2021 to 2031.

Vacuum furnace heat-treats workpieces in an air-free environment. The absence of oxygen in the furnace allows the furnace to heat the workpiece at extremely elevated temperatures. This way, vacuum furnace prevents oxidation or decarburization of the workpiece during heat treatment; thus, no metamorphic layers are formed.

Vacuum furnaces are available in a wide range of sizes, capacities, operations, and technologies in the market, thereby making them usable for a wide range of applications in industries and R&D institutes. Often, when the workpiece is heated in a traditional furnace, it tends to change its surface characteristics; thus, vacuum furnaces are used.

Rise in population, globalization, and rise in disposable income of people has fueled the growth of industries such as aerospace, automotive, and medical equipment manufacturing. These industries are major users of vacuum furnaces; thus, growth in these industries is expected to drive the vacuum furnaces market.

In addition, rise in population and urbanization has fueled the demand in building construction sector, which is expected to positively affect the vacuum furnaces market.

Furthermore, rise in R&D activities in developing countries such as India, China, Vietnam, Brazil and others is anticipated to drive the demand for vacuum furnaces market. However, the low heat transfer efficiency of vacuum furnaces is expected to constrain the market. Furthermore, development of technologies that have enabled vacuum furnaces to be more efficient is expected to provide lucrative opportunities for the vacuum furnaces market growth.

Key Benefits

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global vacuum furnaces market analysis from 2021 to 2031 to identify the prevailing global vacuum furnaces market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the global vacuum furnaces market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global global vacuum furnaces market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Horizontal
  • Vertical

By Operation

  • External Heat Treatment
  • Internal Heat Treatment

By End User Industry

  • Industrial
  • Application
  • Aerospace
  • Automotive
  • Medical
  • Others
  • Research

By Region

  • North America
  • Mexico
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Spain
  • Netherlands
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Vietnam
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Argentina
  • Saudi Arabia
  • UAE
  • South Africa
  • Kenya

Key Market Players

  • AMG Advanced Metallurgical Group N.V.
  • Centorr Vacuum Industries
  • Chugai Ro Co. Ltd
  • ECM Group
  • Fours Industriels BMI
  • Gasbarre Products, Inc.
  • Ipsen
  • Seco/Warwick S.A
  • Solar Manufacturing
  • IHI Corporation
  • ACME
  • Nabertherm GmbH
  • Shanghai Haoyue Technology Co., Ltd.
  • THERELEK
  • T-M VACUUM PRODUCTS, INC
  • Lakshmi Vacuum
  • Stericox India Private Limited

For more information about this report visit https://www.researchandmarkets.com/r/j6wyn9