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The global industrial magnetron market is expected to reach $553.4 million by 2026, with a CAGR of 3.60% during the forecast period 2021-2026

ReportLinker
·2-min read

The growth in the market is expected to be driven by the increasing demand for microwaves for commercial and industrial usage. Additionally, in recent years there has been an increase in defense expenditure in various countries which will further boost the demand for magnetrons in applications such as Radio detecting and ranging (RADAR).

New York, July 20, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Industrial Magnetron Market - Global and Regional Analysis: Focus on Product Type, Application, and Countries - Analysis and Forecast, 2021-2026" - https://www.reportlinker.com/p06105021/?utm_source=GNW


Market Segmentation

Global Industrial Magnetron Market by Application

Heating and drying is expected to be the largest application segment of industrial magnetron. It is one of the main applications of magnetron as many industries such as food processing, chemical, lumber, rubber, and medical have been using microwaves for heating and drying application for years.

Global Industrial Magnetron Market by Type

The global industrial magnetron market by type category is dominated by magnetron with an output of over 1 KW – under 2 KW. Most of the magnetron providers offer products under the mentioned category.

Global Industrial Magnetron Market by Region

APAC generated the highest revenue of $165.30 million in 2020, attributed to the presence of leading industrial and commercial microwave manufacturers. Also, the region has some of the leading food processing and semiconductor manufacturers.

Key Market Players and Competition Synopsis

Some of the key players operating in the market include LG Electronics, Toshiba Hokuto Electronics Corporation, Richardson Electronics, Hitachi Power Solutions, Panasonic Corporation, Wave Power Technology, Guoguang Electric Co. Ltd., Insight Product Company, Advanced Environmental Technologies Limited, L3 Harris Technologies, Guangzhou Daeyean Trading Company, CobberMuegge LLC, MICRO-ACTIV COMPONENTS, Fricke und Mallah Microwave Technology, and Western Electric

The companies that are profiled in the report have been selected from a selective pool of players, based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the industrial magnetron industry.

Countries Covered
• North America
• Europe
• Germany
• France
• Spain
• Italy
• U.K.
• Rest of Europe
• China
• Asia-Pacific
• Japan
• South Korea
• India
• Taiwan
• Rest-of-APAC
Read the full report: https://www.reportlinker.com/p06105021/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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