Microwave Magnetron Market to Grow 1.7 Times Against Growing Applications in Restaurant Industry

Pulse Magnetron Sales in Microwave Magnetron Market to Increase 4.7% CAGR

In a recent market analysis, Fact.MR offers a comprehensive study of the global Microwave Magnetron market, covering recent developments in terms of product type, application, and end-users across seven regions. The report also discloses compelling information on trends, drivers, opportunities, and threats to help readers understand the market scenario.

NEW YORK, December 8, 2021 / PRNewswire / – Fact.MR – A supplier of market research and competitive intelligence: The global microwave magnetron market size is expected to total US $ 572 million in 2021, according to a recent market analysis by Fact.MR. The growing demand for microwaves in the restaurant industry and various commercial sectors is driving sales. For this reason, the market size is expected to reach 947 million US dollars by 2031.

The growing consumption of ready meals and frozen foods in emerging economies is driving microwave sales. In this context, Fact.MR believes, the global microwave magnetron market show steady growth at 5.2% CAGR between 2021 and 2031.

Convection microwaves are widely used in the restaurant industry, especially in hotels and restaurants where large amounts of food are required for thawing or reheating. This is the main factor that drives sales in the years to come.

In addition, the increasing adoption of cooking appliances in the residential sector, coupled with a growing demand for small and large-scale catering in the hospitality industry, are the major factors that are increasing the growth of the market.

In terms of product type, the Pulsed Magnetrons segment is expected to register the highest growth during the evaluation period. Manufacturers are launching pulsed magnetrons with silicon carbide based microchip structures.

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This technique allows manufacturers to improve etched surface results and etch rates. This is expected to create growth opportunities for new entrants and existing market players during the evaluation period.

The story continues

According to the study, the United States is expected to dominate the North America market during the forecast period. Growth is driven by increasing demand for convenient cooking appliances, as well as growth expansion of the restaurant and catering industry.

“Strict energy efficiency regulations are forcing manufacturers to release ENERGY STAR rated products to ensure sustainability. This trend is expected to create new avenues for growth in the market. In addition, key players are also integrating new technologies such as IoT (Internet of Things) into household appliances to increase their revenues, ”says an analyst from Fact.MR.

Key points to remember:

• Demand in heating application segment is expected to peak 249 million US dollars in 2021.

• In terms of end users, sales in the electronics industry, especially for kitchen appliances are expected to gain ground in the years to come.

• Pulsed magnetron sales are expected to grow at a CAGR of 4.7% during the evaluation period.

• The United States is expected to account for over 60% of the North America market share during the forecast period.

• Sales of microwave magnetrons in the China the market is expected to peak 188 million US dollars by 2031.

• Germany should be the spearhead of growth Europe market due to the growing adoption of smart home appliances in the country.

Growth drivers:

• The introduction of features like easy control panels and automatic programs in microwaves will continue to drive the market.

• The increasing adoption of semiconductor and advanced cavity magnetron in radar to improve usability is expected to drive sales in the market.

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Competitive landscape

The major players operating in the microwave magnetron market are focusing on research and development activities to integrate new technologies. They also aim at product development to improve quality and efficiency.

In addition to this, mergers, acquisitions and collaborations will remain important growth strategies adopted by players during the evaluation period.

For example, in 2020, Hitachi Power Solutions Co. Ltd. has launched a series of highly rated premium microwave magnetrons. The new product line can be used in a variety of areas such as microwave light emission and dry processing.

Major Microwave Magnetron Market Players Include:

• New Japan Radio Co. Ltd

• Fridge

• FURUNO

• Richardson Electronics

More Valuable Information About Microwave Magnetrons Market

Fact.MR provides an unbiased analysis of the Microwave Magnetron market, presenting historical demand data (2016-2020) and forecast statistics for the period 2021-2031. The study reveals compelling information about the global microwave magnetron market with detailed segmentation on the basis of:

Type of product:

Application:

Final user:

• Telecommunications industry

• Aerospace industry

• Defense industry

• Electronics industry

• Mechanical industry

Regions:

• North America

• Latin America

• Europe

• East Asia

• South Asia

• Oceania

• AEM

Key Questions Answered In The Microwave Magnetrons Market Report

• The report provides an overview of the microwave magnetron market demand outlook for 2021-2031.

• The market research also highlights the expected sales growth for the Microwave Magnetrons market between 2021 and 2031.

• The Microwave Magnetron market research identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluating the current market size and forecast and technological advancement within the industry.

• Analysis of the Microwave Magnetrons market share of key companies in the industry and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships etc.

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