Press release
vacuum furnaces Market Analysis- Industry Specific Opportunities and Trends Affecting the Growth
vacuum furnaces Market
Global vacuum furnaces report from Global Insight Services is the single authoritative source of intelligence on vacuum furnaces market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Key Players
AMG Advanced Metallurgical Group N.V. (Netherlands)
Centorr Vacuum Industries (US)
Chugai Ro Co. Ltd. (Japan)
ECM Group (Austrilia)
Fours Industriels BMI (France)
Gasbarre Products, Inc. (US)
Ipsen (France)
IHI Corporation (Japan)
T-M Vacuum Products, Inc (US)
Stericox India Pvt Ltd. (India)
Global Vacuum Furnaces Market Segmentation
By Type
Horizontal
Vertical
By End-User
Industrial
Research
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Market Drivers and Trends
The extensive use of vacuum furnaces in the automotive industry is anticipated to drive the demand for vacuum furnaces. Furthermore, globalization plays a major role in the growth of air travel worldwide. This leads to increased demand in the aerospace sector, which propels the Vacuum Furnaces market. Furthermore, the construction of residential and non-residential buildings is rising globally. This is fueled by the rise in global population, the surge in disposable income, and the rapid rise in urbanization, especially in developing nations such as Brazil, Argentina, India, and China. The building construction sector significantly uses ceramic products, such as tiles and decorative laminates. Manufacturers of these building products use Vacuum Furnaces in the manufacturing process. In addition to this, the rise in the elderly population and the rise in the number of diseases are fueling the demand for medical equipment. The manufacturing process of medical equipment requires them to be heat-treated. This positively influences the Vacuum Furnaces market growth.
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Based on type, it is bifurcated into horizontal and vertical. The vertical segment is expected to be the largest segment in the Vacuum Furnaces market in 2021. Vertical furnaces are nearly primarily used. Vacuum Furnaces from VAC AERO are employed in every facet of thermal processing in a wide range of sectors, including commercial heat treatment, aerospace and engine parts, medical implants, nuclear tubes, tool and die, and, most recently, additive manufacturing. Vacuum processes are equally broad, ranging from aerospace component brazing and hardening of stainless and tool steel dies to zirconium tube annealing and case hardening of power transmission components.
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