Industrial Microwave Heating Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment (RF Solid State Amplifiers and Magnetron); By Power; By Application; And By Region; Segment Forecast, 2024- 2032
- Published Date:Apr-2024
- Pages: 117
- Format: PDF
- Report ID: PM1402
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The industrial microwave heating equipment market size was valued at USD 1,005.55 million in 2023. The market is anticipated to grow from USD 1,055.63 million in 2024 to USD 1677.64 million by 2032, exhibiting a CAGR of 5.90% during the forecast period.
Industry Trend
Industrial microwave heating equipment when compared to alternative heating methods, one of the critical benefits of this technology is that it allows for better systems integration. Sensors have the capacity to communicate back data on operation parameters like temperature, which may subsequently be changed to improve streamlining. It also allows for the elimination of inefficient frequencies, leading to boost efficiency. All of these benefits have contributed to the market's quick rise in recent years.
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The worldwide industrial microwave heating equipment industry is driven by a growing and rising demand for commercial microwave heating equipment across the chemical and food industries. In particular, the widespread use of this equipment in the plastics sector to melt high plastics, dry foundry cores, as well as other substances is likely to boost the worldwide market's development.
Industrial microwave heating has become mainstream in almost all of its application areas. The process has garnered significant attention due to the volumetric heating effect it provides and the ability to achieve considerable process times as compared to other conventional processes. They are therefore being effectively deployed as a means to achieve high productivity and to decrease production costs and are being used on a large scale in various applications such as metallurgy, polymers, textiles, rubber, food, pharmaceuticals among others. Companies may target acquisitions to gain innovative technology, expand market presence, address compliance requirements, mitigate risks, and capitalize on growth opportunities.
For instance, in October 2022, Teledyne disclosed its acquisition of ETM-Electromatic Inc., located in Newark, CA, USA. ETM specializes in the design, construction, and testing of high-voltage, high-energy X-ray products and high-power microwave equipment. These products cater to various markets, including security, medical, radar/EW, communications, and test/measurement.
The industrial microwave heating device industry is predicted to grow due to increased industrialization and strict government restrictions. Governments worldwide are enacting laws and recommendations to guarantee the safe use of microwaves and radio frequency technology in industrial operations and to promote energy-efficient goods. The impact of such laws on industrial microwave heating equipment market demand is likewise likely to be positive.
Key Takeaway
- Europe dominated the largest market and contributed to more than 38% of the share in 2023.
- The North America market is expected to be the fastest-growing CAGR during the forecast period.
- By application, the food & beverage segment accounted for the largest market share in 2023.
- By equipment category, magnetron segment is projected to grow at a fastest CAGR during the projected period.
What are the Market Drivers Driving the Demand for the Industrial Microwave Heating Equipment Market?
Increasing Growth of the Global Food & Beverage Industry
The food & beverage industry has witnessed tremendous growth in the past few years. One of the major factors driving the market growth is the rising preference for processed foods over unprocessed foods. The same is prompted by changing lifestyles that demand convenience, rising disposable income and easy availability of products. Moreover, such processed food purchase now forms a top priority in the overall consumer spending.
Aggressive strategic initiatives adopted by major companies are also benefitting the food & beverage industry growth. Companies are paying special attention to consumer buying behavior and are formulating new product developments to suit this behavior. Furthermore, companies are also rebranding key components of staple diets in various parts of the world and are introducing them as processed food products. Such trends have resulted in rising penetration of the market in various parts of the world.
Which Factor is Restraining the Demand for Industrial Microwave Heating Equipment?
Volatility in Production and Prices are Expected to Hinder the Growth of the Market
Industrial microwave heating systems consume large quantity of electricity in order to generate heat in the process. The amount of electricity required is directly proportional to the heat required. Since, it requires huge amount of electricity, the availability and the prices can be the most crucial factor for the demand. Nowadays, the prices of electricity are rising steadily in most of the developed as well as countries.
Report Segmentation
The market is primarily segmented based on equipment, power, application, and region.
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Category Wise Insights
By Application Insights
Based on application analysis, the market has been segmented on the basis of pharmaceutical, plastics & rubber, chemicals, paper, food & beverage, others. Food & beverage sector accounted for the largest market share in 2023. The major benefit that has made industrial microwave heating equipment mainstream in food & beverage applications is their ability to considerably reduce process times without compromising quality, as compared to other methods. The ability of the equipment to provide better process control, instantaneous turning on and off ability, high nutritional retention value, and minimal energy usage are some of the other factors contributing to the segment growth.
By Equipment Insights
Based on equipment analysis, the market is segmented into RF solid state amplifiers and magnetron. Magnetron segment is expected to witness a significant share in the global Industrial Microwave Heating Equipment Market over the forecast period. However, the segment is expected to considerably lose market share to RF solid state amplifiers owing to the development of novel products and inherent advantages of using RF solid state amplifiers system.
The extensive design, expertise, development time, and investment of the RF solid-state amplifier are benefitting the growth of the magnetron market segment. Also, some of the RF solid-state power amplifier products possess some complex integration requirements, and suppliers often don’t offer knowledgeable engineering support for end-users without dedicated RF expertise.
Regional Insights
Europe
Europe region accounted for the largest market share in 2023. The primary reason for this is the high rate of adoption of industrial microwave heating equipment in the region. Regulatory bodies in the region's initiatives to standardize requirements for industrial microwave heating are also key drivers of the segment's growth.
The food & beverage industry is the largest manufacturing sector in the EU. The European Commission is striving to strengthen the EU food sector's competitiveness and the Single Market for Food's functionality. It also aims to expand food & beverage trade opportunities through various trade agreements and dialogues with third countries. As a result of this, the market is projected to grow. Furthermore, the initial development of sterilization and pasteurization lines using industrial microwave heating equipment and their widespread adoption across
North America
North America is expected for the growth of fastest CAGR during the forecast period. The growing demand from economies such as the U.S. and Canada has fueled North American market demand. The presence of a prominent food & beverage industry, a high rate of technology adoption, and a large number of market participants are the major factors contributing to the market growth.
The rising adoption of industrial microwave sterilized technology in the food & beverage industry across the region is anticipated to accelerate the demand for the market. The use of such technology leads to a reduction in the thermal processing time, resulting in increased retention of nutrients in processed food while making food safe for consumption. As key industry companies focus on boosting capacity and expanding into new end markets through both organic and inorganic methods, the industry is likely to grow.
Competitive Landscape
The competitive landscape of the industrial microwave heating equipment market is characterized by factors such as technological innovation, industry trends, regulatory compliance, market dynamics, and strategic priorities. Companies compete to gain market share, expand product portfolios, and differentiate themselves based on performance, efficiency, and reliability. Key players often invest in R&D, marketing, and strategic partnerships to maintain a competitive edge and capitalize on emerging opportunities in sectors such as food processing, pharmaceuticals, chemicals, and materials.
Some of the major players operating in the global market include:
- Hitachi Power Solutions Co., Ltd
- Muegge Gropu
- Teledyne e2v
- Industrial Microwave Systems
- CoberMuegge LLC
- CPI International Inc.
- L3Harris Technologies, Inc.
- Richardson Electronics, Ltd.
- MDP Components
- STT International Limited
- Panasonic Corporation
- Toshiba Corporation
Recent Developments
- In November 2023, Richardson Electronics expanded its microwave product range through a partnership with Junkosha Cable Assemblies. Drawing on Junkosha's extensive experience in the RF market, their advanced cables and interconnects for the 5G industry excel in handling higher frequencies and demonstrate efficient performance in environments characterized by high flexure and temperature variations.
- In July 2023, Richardson Electronics expanded its microwave product range through a partnership with Junkosha Cable Assemblies. Drawing on Junkosha's extensive experience in the RF market, their advanced cables and interconnects for the 5G industry excel in handling higher frequencies and demonstrate efficient performance in environments characterized by high flexure and temperature variations.
- In November 2021, Communications & Power Industries (LLC) announced the completion of its acquisition of L3 ESSCO, Inc. (ESSCO) from an affiliate of L3Harris Technologies, Inc.
- In July 2021, Communications & Power Industries (CPI) has successfully acquired TMD Holdings Limited and its affiliated companies, TMD Technologies Limited and TMD Technologies, LLC (collectively known as TMD). TMD is a prominent designer and producer of cutting-edge microwave, radio frequency, and high-voltage equipment utilized in radar, communications, electronic warfare, EMC testing, medical, and scientific applications and provides inventive products, including TWT amplifiers, traveling wave tubes (TWTs), transmitters, microwave power modules.
Report Coverage
The industrial microwave heating equipment market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, equipment, power, application, and their futuristic growth opportunities.
Industrial Microwave Heating Equipment Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 1,055.63 million |
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Revenue forecast in 2032 |
USD 1,677.64 million |
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CAGR |
5.9% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
By Equipment, By Power, By Application, And By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
FAQ's
key companies in industrial microwave heating equipment market are Communications & Power Industries LLC, CoberMuegge LLC, Ferrite Microwave Technologies, Industrial Microw, Hitachi Power Solutions Co., Ltd.
The global industrial microwave heating equipment market is expected to grow at a CAGR of 6.4% during the forecast period.
The industrial microwave heating equipment market report covering key segments are equipment, application, power, and region.
key driving factors in industrial microwave heating equipment market are increasing demand for commercial microwave heating equipment.
The global industrial microwave heating equipment market size is expected to reach USD 1,761.45 Million by 2032.
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