Industrial Microwave Heating Market - Recent Study Including Growth Factors, Applications, Regional Analysis, key Players and Forecast till 2026

The global industrial microwave heating market generated USD 955.8 million in 2017 and is anticipated to grow at a CAGR of 6% during the forecast period according to a new study published by Polaris Market Research.

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Industrial microwave heating offers rapid and even heating while offering higher energy efficiency. The equipment used for industrial microwave heating includes magnetron, and RF solid state amplifier. The different applications of industrial microwave heating include food processing, rapid wood drying, polymer and epoxy drying, papermaking, tool manufacturing, and textile drying among others. The pharmaceutical industry uses microwave energy for removal of moisture from powdered substances. In the materials supply industry, microwave energy is used to enable the addition of different types of coatings to rubber and plastic materials.

The demand for industrial microwave heating market has increased over the years owing to increasing adoption of RF solid state amplifiers. A significant growth in the demand of industrial microwave heating from food and beverage, plastic, chemical, and paper industries among others has been observed. The increasing efficiency of industrial microwave heating equipment and reducing operation costs support the growth of the Industrial Microwave Heating market. The increasing awareness regarding use of energy efficient heating equipment is expected to support market growth during the forecast period. Favourable government regulations, rising demand from emerging economies, and technological advancements boost the growth of the market.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Industrial Microwave Heating Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

The Europe Industrial Microwave Heating Market generated the highest revenue in 2017 owing to increasing demand of industrial microwave heating from industries such as food and beverages, plastic, wood, and chemicals among others. Growing industrialization along with rising environmental concerns has resulted in increasing adoption of efficient electric heating equipment in the region. Favourable regulations by governments in the region further boost the adoption of industrial microwave heating equipment.

Competitive Landscape and Key Vendors
The global industrial microwave heating market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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The leading companies profiled in the industrial microwave heating market report include Hitachi Power Solutions Co., Ltd., Muegge GmbH, Teledyne e2v Limited, Industrial Microwave Systems Ltd., CoberMuegge LLC, Communications & Power Industries LLC (CPI), L3 Technologies, Inc., Richardson Electronics, Ltd., MDP Components, STT International Limited, Panasonic Corporation, and Toshiba International Corporation.

About Polaris Market Research:

Polaris Market Research is a global market research and consulting company. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact us:

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com

This release was published on openPR.