The global microwave magnetron market is estimated to have a valuation of around US$ 572 Mn at present. Sales of microwave magnetrons are slated to accelerate at a steady CAGR of 5.2% to top US$ 947 MN by 2031. Demand for pulsed magnetrons is likely to increase at a CAGR of 4.7% over the assessment period of 2021 to 2031.
Demand for microwave magnetrons is likely to be determined by rising use of microwaves in numerous industrial and commercial applications. With the establishment of worldwide economies, the disposable income of buyers has increased, leading to a surge in commercial food outlets, thereby swelling demand for microwave magnetrons in parallel. The market is likely to grow 1.7X over the assessment period of 2021-2031.
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Key Segments Covered in Microwave Magnetron Industry Survey
- By Product Type
- Pulsed Microwave Magnetrons
- Continuous Wave Magnetrons
- Others
- By Application
- Microwave Magnetrons for Radars
- Microwave Magnetrons for Heating
- Microwave Magnetrons for Lighting
- Others
- By End User
- Microwave Magnetrons for Telecom Industry
- Microwave Magnetrons for Aerospace Industry
- Microwave Magnetrons for Defence Industry
- Microwave Magnetrons for Electronics Industry
- Microwave Magnetrons for Mechanical Industry
Key Takeaways from Market Study
- Pulsed magnetrons and continuous wave magnetrons are likely to witness sales of US$ 576 Mn and US$ 220 Mn by 2031, respectively.
- Based on application, the lighting and heating segments in microwave magnetrons is anticipated to be the most lucrative with a market share of 43% % and 17%, respectively, by 2031.
- Together, North America and Europe represented 56% of overall market share in 2020.
- The market in South Asia & Oceania is valued at US$ 67 Mn, and expected to expand at a CAGR of 6.5% over the forecast period.
Competitive Landscape
Key microwave magnetron producers also have a strong position in the global market with a large set of customers, which springs them with an edge over their competitors in the market. Moreover, manufacturers also participate comprehensively in campaigns of advertising to surge their visibility in the field.Major players are shifting their focus towards energy-efficient products combined with IoT (Internet of Things) platforms to allow end users to operate their products remotely.Some of the key developments are:
- In 2020, Hitachi Power Solutions Co Ltd launched superior quality and highly evaluated microwave magnetrons. This newly launched product can be used in several fields such as dry processing, microwave light emissions, etc.
Similarly, recent developments by top providers of microwave magnetrons have been tracked by the team at Fact.MR, which are available in the detailed report.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global microwave magnetron market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.
The study reveals essential insights by product type (pulsed magnetrons, continuous wave magnetrons, and others), by application (radar, heating, lighting, and others), and by end user (telecom industry, aerospace industry, defence industry, electronics industry, and mechanical industry), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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