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Global Vacuum Furnaces Market Analysis and Forecast - 2020-2027 | Key Benefits, Segments and Leading Players

02-23-2021 01:26 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Vacuum furnace is a furnace in which vacuum is created and maintained during the processing period of a product. In this furnace, since there is an absence of oxygen & other gases, it prevents oxidation, contamination, and heat loss from the product through convention. This feature aids in heating materials such as metals & ceramics to the temperature as high as 3,000-degree Celsius.

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Heating of metals at a very high temperature leads to oxidation, which is undesirable. Therefore, vacuum furnaces are deployed, since they create vacuum within the system and prevent contamination & oxidation that aids in carrying out activities such as annealing, brazing, sintering, and heat treatment with high consistency & low contamination.

Increasing demand & growth of various industries such as electronics, medical, crystal growth, energy, artificial gems, and others drive the growth of the vacuum furnaces market. Vacuum furnaces have a wide range of applications in production industries and research laboratories.

Key Segments

The vacuum furnaces market is segmented based on product type, end users, and geography. Based on product type, the vacuum furnaces market is segmented into vacuum quench furnaces, vacuum brazing furnaces, vacuum carburizing furnaces, and others. Based on end users the market is segmented into aerospace, automotive, tool & die, power generation, and others. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

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Key Players

Key players that operate in the market include Ipsen, ALD Vacuum Technologies, AMG Advanced Metallurgical Group, ECM Technologies, Seco/Warwick Inc., IHI Machinery and Furnace Co., Ltd., Centorr Vacuum Industries, Solar Manufacturing, C.I. Hayes, and Chugai Ro. Co. Ltd.

Key Benefits

The report provides an in-depth analysis of the vacuum furnaces industry to identify potential investment pockets.

The key drivers, restraints, and opportunities along with their detailed impact analyses have been elucidated.

Porters five forces model helps in analyzing potential buyers & suppliers and the competitive sketch of the market, which is expected to guide the market players to develop strategies accordingly.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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