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Industrial Magnetron Market – Global and Regional Analysis: Focus on Product Type, Application, and Countries – Analysis and Forecast, 2021-2026

$5250 – $8100

The global industrial magnetron market is expected to reach $553.4 million by 2026, with a CAGR of 3.60% during the forecast period 2021-2026.

SKU: MS01047SA Category: Tags: , , , , ,

Description

Market Report Coverage – Industrial Magnetron

Market Segmentation

• Application: Heating & Drying, Commercial Oven, Semiconductor, UV Curing, and Others
• Product: Over 1 KW – under 2 KW, 2 KW – 4 KW, and 5 KW – 15 KW

Regional Segmentation

• North America
• Europe: Germany, France, Italy, Spain, U.K., and Rest-of-Europe
• China
• Asia-Pacific: Japan, Taiwan, India, South Korea, and Rest-of-APAC

Market Growth Drivers

• Growing Demand for Microwaves for Commercial and Industrial Usage
• Increasing Defense Expenditure by Various Governments

Market Challenges

• Maintaining the Life Span of the Magnetrons

Market Opportunities

• Application of Magnetron in Semiconductor and Power Industries

Key Companies Profiled

LG Electronics, Toshiba Hokuto Electronics Corporation, Richardson Electronics, Hitachi Power Solutions, Panasonic Corporation, Wave Power Technology, Guoguang Electric Co. Ltd., Insight Product Company, Advanced Environmental Technologies Limited, L3 Harris Technologies, Guangzhou Daeyean Trading Company, CobberMuegge LLC, MICRO-ACTIV COMPONENTS, Fricke und Mallah Microwave Technology, and Western Electric

How This Report Can Add Value

Business Drivers, Restraints, and Opportunities

• The demand for magnetron is expected to be driven by the growing usage of microwaves in various commercial and industrial applications. With the strengthening of global economies, the disposable income of consumers has increased, leading to an increase in commercial food outlets, hence increasing the demand for commercial microwaves.
• Magnetron plasma etching has shown promising results in the fabrication of silicon carbide microscopic structures. Using this technique results in a higher etch rate and the etched surfaces are smoother as there are many advantages of using silicon carbide over conventional silicon for fabricating microchips. The future semiconductor application is expected to use this technology and hence will create opportunities for magnetron manufacturers in the future.

Market by Region, Analysis, and Forecast

France is one of Europe’s biggest agricultural producers, accounting for about 30% of Europe’s agricultural production. As a result, it gets enormous subsidies for agriculture, including animal farming, from the government. APAC has proved to be a major market for industrial magnetron in the world, due to the presence of some of the leading microwave manufacturers.

Key questions answered in the Report

• What is the estimated global industrial magnetron market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
• What are the key trends, market drivers, and opportunities in the market pertaining to industrial magnetron?
• What are the major restraints inhibiting the growth of the global industrial magnetron market?
• What is the competitive strength of the key players in the industrial magnetron market on the basis of analysis of their recent developments, product offerings, and regional presence?
• How much revenue each of the segments is expected to record during the forecast period along with the growth percentage? Following are the segments:
o Product offerings, including over 1 KW – under 2 KW, 2 KW – 4 KW, and 5 KW – 15 KW.
o Application, including heating and drying, commercial oven, semiconductor devices, UV curing, and others
o Region, including North America, Asia-Pacific, and Europe
• Which type of players and stakeholders are operating in the market ecosystem of industrial magnetron, and what is their significance in the global market?

Global Industrial Magnetron Market

Industrial magnetrons are vacuum tubes that generate high-power electromagnetic waves. These are an essential part of industrial microwave systems. Electromagnetic waves generated by these magnetrons are used in various applications such as heating and drying, commercial oven, semiconductor, and UV curing.

Global Industrial Magnetron Industry Overview

The global industrial magnetron market is expected to reach $553.4 million by 2026, with a CAGR of 3.60% during the forecast period 2021-2026. The growth in the market is expected to be driven by the increasing demand for microwaves for commercial and industrial usage. Additionally, in recent years there has been an increase in defense expenditure in various countries which will further boost the demand for magnetrons in applications such as Radio detecting and ranging (RADAR).

Market Segmentation

Global Industrial Magnetron Market by Application

Heating and drying is expected to be the largest application segment of industrial magnetron. It is one of the main applications of magnetron as many industries such as food processing, chemical, lumber, rubber, and medical have been using microwaves for heating and drying application for years.

Global Industrial Magnetron Market by Type

The global industrial magnetron market by type category is dominated by magnetron with an output of over 1 KW – under 2 KW. Most of the magnetron providers offer products under the mentioned category.

Global Industrial Magnetron Market by Region

APAC generated the highest revenue of $165.30 million in 2020, attributed to the presence of leading industrial and commercial microwave manufacturers. Also, the region has some of the leading food processing and semiconductor manufacturers.

Key Market Players and Competition Synopsis

Some of the key players operating in the market include LG Electronics, Toshiba Hokuto Electronics Corporation, Richardson Electronics, Hitachi Power Solutions, Panasonic Corporation, Wave Power Technology, Guoguang Electric Co. Ltd., Insight Product Company, Advanced Environmental Technologies Limited, L3 Harris Technologies, Guangzhou Daeyean Trading Company, CobberMuegge LLC, MICRO-ACTIV COMPONENTS, Fricke und Mallah Microwave Technology, and Western Electric

The companies that are profiled in the report have been selected from a selective pool of players, based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the industrial magnetron industry.

 

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Additional information

Publisher

Geography Covered

Date Published

Pages

Format

Base Year

2021
Base Market Size

$463.0 Million in 2021
Currency/Unit

USD
Forecast Year

2026
Market Size Forecast

$553.4 Million by 2026
CAGR

3.60%

Table of Contents

1 Markets 1.1 Business Dynamics 1.1.1 Business Drivers 1.1.1.1 Growing Demand for Microwaves for Commercial and Industrial Usage 1.1.1.2 Increasing Defense Expenditure by Various Governments 1.1.2 Business Opportunity 1.1.2.1 Application of Magnetron in Semiconductor and Power Industries 1.1.3 Business Challenges 1.1.3.1 Maintaining the Life Span of the Magnetrons 2 Application 2.1 Global Industrial Magnetron Market – Applications and Specifications 2.1.1 Heating and Drying 2.1.2 Commercial Oven 2.1.3 Semiconductor 2.1.4 UV Curing 2.1.5 Others 2.2 Global Industrial Magnetron Market – Demand Analysis (by Application) 2.2.1 Demand Analysis (by Application), Value Data 2.2.2 Demand Analysis (by Application (by Company)), Value Data – Global & Country 3 Products 3.1 Global Industrial Magnetron Market – Products and Specifications 3.2 Global Industrial Magnetron Market – Demand Analysis (by Output) 3.2.1 Demand Analysis (by Output), Value Data 3.2.2 Demand Analysis (by Output (by Company)), Value Data – Global & Country 4 Region 4.1 North America 4.1.1 Markets 4.1.1.1 Key Manufacturers and Suppliers in North America 4.1.1.2 Business Drivers 4.1.1.3 Business Challenges 4.1.2 Application 4.1.2.1 North America Industrial Magnetron Market (by Application) 4.1.3 Output 4.1.3.1 North America Industrial Magnetron Market (by output) 4.2 Europe 4.2.1 Application 4.2.1.1 Europe Industrial Magnetron Market (by Application) 4.2.2 Output 4.2.2.1 Europe Industrial Magnetron Market (by output) 4.2.3 Europe (by Country) 4.2.3.1 Germany 4.2.3.1.1 Markets 4.2.3.1.1.1 Business Challenges 4.2.3.1.1.2 Business Drivers 4.2.3.1.2 Application 4.2.3.1.2.1 Germany Industrial Magnetron Market (by Application) 4.2.3.1.3 Output 4.2.3.1.3.1 Germany Industrial Magnetron Market (by Output) 4.2.3.2 France 4.2.3.2.1 Markets 4.2.3.2.1.1 Business Challenges 4.2.3.2.1.2 Business Drivers 4.2.3.2.2 Application 4.2.3.2.2.1 France Industrial Magnetron Market (by Application) 4.2.3.2.3 Output 4.2.3.2.3.1 France Industrial Magnetron Market (by Output) 4.2.3.3 U.K. 4.2.3.3.1 Markets 4.2.3.3.1.1 Business Challenges 4.2.3.3.1.2 Business Drivers 4.2.3.3.2 Application 4.2.3.3.2.1 UK Industrial Magnetron Market (by Application) 4.2.3.3.3 Output 4.2.3.3.3.1 UK Industrial Magnetron Market (by Output) 4.2.3.4 Italy 4.2.3.4.1 Markets 4.2.3.4.1.1 Business Challenges 4.2.3.4.1.2 Business Drivers 4.2.3.4.2 Application 4.2.3.4.2.1 Italy Industrial Magnetron Market (by Application) 4.2.3.4.3 Output 4.2.3.4.3.1 Italy Industrial Magnetron Market (by Output) 4.2.3.5 Spain 4.2.3.5.1 Markets 4.2.3.5.1.1 Business Challenges 4.2.3.5.1.2 Business Drivers 4.2.3.5.2 Application 4.2.3.5.2.1 Spain Industrial Magnetron Market (by Application) 4.2.3.5.3 Output 4.2.3.5.3.1 Spain Industrial Magnetron Market (by Output) 4.2.3.6 Rest of Europe 4.2.3.6.1 Application 4.2.3.6.1.1 Rest of Europe Industrial Magnetron Market (by Application) 4.2.3.6.2 Output 4.2.3.6.2.1 Rest of Europe Industrial Magnetron Market (by Output) 4.3 China 4.3.1 Markets 4.3.1.1 Key Manufacturers and Suppliers in China 4.3.1.2 Business Challenges 4.3.1.3 Business Drivers 4.3.1.4 Application 4.3.1.4.1 China Industrial Magnetron Market (by Application) 4.3.1.5 Output 4.3.1.5.1 China Industrial Magnetron Market (by Output) 4.4 Asia-Pacific (by Country) 4.4.1 Application 4.4.1.1 APAC Industrial Magnetron Market (by Application) 4.4.2 Output 4.4.2.1 Europe Industrial Magnetron Market (by output) 4.4.3 Japan 4.4.3.1 Market 4.4.3.1.1 Key Manufacturers and Suppliers in Japan 4.4.3.1.2 Business Challenges 4.4.3.1.3 Business Drivers 4.4.3.1.4 Application 4.4.3.1.4.1 Japan Industrial Magnetron Market (by Application) 4.4.3.1.5 Output 4.4.3.1.5.1 Japan Industrial Magnetron Market (by Output) 4.4.4 South Korea 4.4.4.1 Market 4.4.4.1.1 Key Manufacturers and Suppliers in South Korea 4.4.4.1.2 Business Challenges 4.4.4.1.3 Business Drivers 4.4.4.1.4 Application 4.4.4.1.4.1 South Korea Industrial Magnetron Market (by Application) 4.4.4.1.5 Output 4.4.4.1.5.1 Japan Industrial Magnetron Market (by Output) 4.4.5 Taiwan 4.4.5.1 Market 4.4.5.1.1 Key Manufacturers and Suppliers in Taiwan 4.4.5.1.2 Business Challenges 4.4.5.1.3 Business Drivers 4.4.5.1.4 Application 4.4.5.1.4.1 Taiwan Industrial Magnetron Market (by Application) 4.4.5.1.5 Output 4.4.5.1.5.1 Taiwan Industrial Magnetron Market (by Output) 4.4.6 India 4.4.6.1 Market 4.4.6.1.1 Key Manufacturers and Suppliers in India 4.4.6.1.2 Business Challenges 4.4.6.1.3 Business Drivers 4.4.6.1.4 Application 4.4.6.1.4.1 India Industrial Magnetron Market (by Application) 4.4.6.1.5 Output 4.4.6.1.5.1 India Industrial Magnetron Market (by Output) 4.4.7 Rest-of-APAC 4.4.7.1 Market 4.4.7.1.1 Business Challenges 4.4.7.1.2 Business Drivers 4.4.7.1.3 Application 4.4.7.1.3.1 Rest of APAC Industrial Magnetron Market (by Application) 4.4.7.1.4 Output 4.4.7.1.4.1 Rest of APAC Industrial Magnetron Market (by Output) 5 Markets - Competitive Benchmarking & Company Profiles 5.1 Company 5.1.1 LG Electronics 5.1.1.1 Company Overview 5.1.1.1.1 Product Portfolio 5.1.1.2 Strength and Weakness of LG Electronics 5.1.2 Toshiba Hokuto Electronics Corporation 5.1.2.1 Company Overview 5.1.2.1.1 Product Portfolio 5.1.2.2 Strength and Weakness of Toshiba Hokuto Electronics Corporation 5.1.3 Richardson Electronics 5.1.3.1 Company Overview 5.1.3.1.1 Product Portfolio 5.1.3.2 Strength and Weakness of Richard Electronics 5.1.4 Hitachi Power Solutions 5.1.4.1 Company Overview 5.1.4.1.1 Product Portfolio 5.1.4.2 Strength and Weakness of Hitachi Power Solutions 5.1.5 Panasonic Corporation 5.1.5.1 Company Overview 5.1.5.1.1 Product Portfolio 5.1.5.2 Strength and Weakness of Panasonic Corporation 5.1.6 Wave Power Technology 5.1.6.1 Company Overview 5.1.6.1.1 Product Portfolio 5.1.6.2 Strength and Weakness of Wave Power Technology 5.1.7 Guoguang Electric Co. Ltd. 5.1.7.1 Company Overview 5.1.7.1.1 Product Portfolio 5.1.7.2 Strength and Weakness of Guoguang Electric Co. Ltd. 5.1.8 Insight Product Company 5.1.8.1 Company Overview 5.1.8.1.1 Product Portfolio 5.1.9 Advanced Environmental Technologies Limited 5.1.9.1 Company Overview 5.1.9.1.1 Product Portfolio 5.1.10 L3 Harris Technologies 5.1.10.1 Company Overview 5.1.10.1.1 Product Portfolio 5.1.11 Guangzhou Daeyean Trading Company 5.1.11.1 Company Overview 5.1.11.1.1 Product Portfolio 5.1.12 CobberMuegge LLC 5.1.12.1 Company Overview 5.1.12.1.1 Product Portfolio 5.1.13 MICRO-ACTIV COMPONENTS 5.1.13.1 Company Overview 5.1.13.1.1 Product Portfolio 5.1.14 Fricke und Mallah Microwave Technology 5.1.14.1 Company Overview 5.1.14.1.1 Product Portfolio 5.1.15 Western Electric 5.1.15.1 Company Overview 5.1.15.1.1 Product Portfolio 6 Research Methodology 6.1 Data Sources 6.1.1 Primary Data Sources 6.1.2 Secondary Data Sources 6.2 Data Triangulation 6.3 Market Estimation and Forecast 6.3.1 Factors for Data Prediction and Modeling List of Figures Figure 1: Global Industrial Magnetron Market Overview, $Million, 2020-2026 Figure 2: Global Industrial Magnetron Market (by Output) Figure 3: Global Industrial Magnetron Market (by Application), $Million, 2020, 2021, and 2026 Figure 4: Global Industrial Magnetron Market (by Region), 2020 Figure 5: Different Frequencies of Magnetron Figure 6: Data Triangulation Figure 7: Bottom-Up Approach Figure 8: Top-Down Approach List of Tables Table 1: Global Industrial Magnetron Market Snapshot, 2021 and 2026 Table 2: Countries with Highest Defense Expenditure, 2020 Table 3: Global Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 4: Panasonic Industrial Magnetron Market (by Application), $Million, 2020 Table 5: LG Industrial Magnetron Market (by Application), $Million, 2020 Table 6: Wave Power Industrial Magnetron Market (by Application), $Million, 2020 Table 7: Toshiba Industrial Magnetron Market (by Application), $Million, 2020 Table 8: Others Industrial Magnetron Market (by Application), $Million, 2020 Table 9: Global Industrial Magnetron Market (by Output), $Million, 2016-2026 Table 10: Panasonic Industrial Magnetron Market (by Output), $Million, 2020 Table 11: LG Industrial Magnetron Market (by Output), $Million, 2020 Table 12: Wave Power Industrial Magnetron Market (by Output), $Million, 2020 Table 13: Toshiba Industrial Magnetron Market (by Output), $Million, 2020 Table 14: Others Industrial Magnetron Market (by Output), $Million, 2020 Table 15: Global Industrial Magnetron Market (by Region), $Million, 2016-2026 Table 16: North America Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 17: North America Industrial Magnetron Market (by output), $Million, 2016-2026 Table 18: Europe Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 19: Europe Industrial Magnetron Market (by output), $Million, 2016-2026 Table 20: Germany Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 21: Germany Industrial Magnetron Market (by output), $Million, 2016-2026 Table 22: France Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 23: France Industrial Magnetron Market (by output), $Million, 2016-2026 Table 24: UK Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 25: UK Industrial Magnetron Market (by output), $Million, 2016-2026 Table 26: Italy Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 27: Italy Industrial Magnetron Market (by output), $Million, 2016-2026 Table 28: Spain Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 29: Spain Industrial Magnetron Market (by Output), $Million, 2016-2026 Table 30: Rest of Europe Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 31: Rest of Europe Industrial Magnetron Market (by Output), $Million, 2016-2026 Table 32: China Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 33: China Industrial Magnetron Market (by output), $Million, 2016-2026 Table 34: APAC Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 35: Europe Industrial Magnetron Market (by output), $Million, 2016-2026 Table 36: Japan Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 37: Japan Industrial Magnetron Market (by Output), $Million, 2016-2026 Table 38: South Korea Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 39: Japan Industrial Magnetron Market (by Output), $Million, 2016-2026 Table 40: Taiwan Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 41: Taiwan Industrial Magnetron Market (by Output), $Million, 2016-2026 Table 42: India Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 43: India Industrial Magnetron Market (by Output), $Million, 2016-2026 Table 44: Rest of APAC Industrial Magnetron Market (by Application), $Million, 2016-2026 Table 45: Rest of APAC Industrial Magnetron Market (by Output), $Million, 2016-2026 Table 46: LG Electronics: Product Portfolio Table 47: Toshiba Hokuto: Product Portfolio Table 48: Richardson Electronics: Product Portfolio Table 49: Hitachi Power Solutions: Product Portfolio Table 50: Panasonic Corporation: Product Portfolio Table 51: Wave Power Technology: Product Portfolio Table 52: Guoguang Electric Co. Ltd.: Product Portfolio Table 53: Insight Product Company: Product Portfolio Table 54: Advanced Environmental Technologies: Product Portfolio Table 55: L3 Harris Technologies: Product Portfolio Table 56: Guangzhou Daeyean Trading Company: Product Portfolio Table 57: CobberMuegge: Product Portfolio Table 58: MICRO-ACTIV COMPONENTS: Product Portfolio Table 59: Product Portfolio Table 60: Product Portfolio

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