October 14, 2020
According to the recent research report titled ‘Industrial Microwave Heating Equipment Market Share, Size, Trends, Industry Analysis Report By Equipment; By Application; By Region, Segment Forecast, 2020 – 2027’, available with Market Study Report, global industrial microwave heating equipment market is expected to reach a valuation of USD 1.57 billion by 2027.
The advent of RF solid state amplifiers and rapid expansion of food & beverage sector are the key factors propelling the growth of global industrial microwave heating equipment market.
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In addition, supportive government norms aimed at decreasing energy usage coupled with rapid industrialization, especially in Asia Pacific, is contributing to the overall industry outlook.
The product offers advantages such as capability to provide customized services, better control over the process, and low energy requirement, which has led to its high applicability in a wide range of end-use industries, facilitating the expansion of global industrial microwave heating equipment market.
Moreover, industrial microwave heating systems are extensively used in food & beverage sector for heating, tempering, sterilization, pasteurization, and microwave food drying. Its usage ensures that these processes are highly efficient in terms of cost as well as performance, and retain original nutritional content, thereby augmenting global industrial microwave heating equipment market share.
Industries have paid special attention in the recent past to the production and modification of technology pertaining to the equipment in order to meet the consumer demands. There are different application needs for different process requirements, which makes it imperative for heating systems to be able to modify parameters such as drying temperature, conveyor speed, control method, working temperature and frequency. Continuous research & development allows the contenders to achieve the same, further stimulating global industrial microwave heating equipment market trend.
Citing the regional landscape, China presently accounts for a significant share in Asia Pacific industrial microwave heating equipment industry, on account of rapid industrialization. The country successfully controlled the COVID-19 outbreak and is less severely affected as compared to other European economies, further ensuing the manufacturing and supply chain processes are not disrupted due to the pandemic. This has allowed China to be a major contributor to the overall market remuneration.
Leading organizations in global industrial microwave heating equipment market are Teledyne e2v Limited, Toshiba International Corporation, Panasonic Corporation, STT International Limited, MDP Components, Richardson Electronics Ltd., L3 Technologies Inc., Communications & Power Industries LLC (CPI), CoberMuegge LLC, Industrial Microwave Systems Ltd., Hitachi Power Solutions Co. Ltd, and Muegge GmbH.