The market for vacuum ovens is expected to grow from US$

New York, June 30, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Vacuum Furnaces Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type and End User” – https://www .reportlinker .com/p06289945/?utm_source=GNW
A wide range of companies and research institutes use vacuum furnaces.

In addition, due to its advantages over traditional furnaces, such as reduced carbon dioxide emissions and environmental friendliness, the use of a vacuum furnace is becoming more and more widespread.

Also, the vacuum furnace market is expected to grow by applying the concept of Internet of Things (IoT) and system integration to improve the maintainability and controllability of furnaces in the coming years.

The vacuum furnaces market ecosystem includes three major stakeholders, namely raw material suppliers, vacuum furnaces manufacturers, and end users. Raw material suppliers include companies that provide various raw materials for assembly and design of furnaces for the desired application.

For example, some major product types are metals, actuators, motors, and drives.

Vacuum furnace manufacturers collect raw materials to build various vacuum furnaces for various applications for different industry verticals. End users use these vacuum furnaces for a variety of products.

The growing trend of pre-molding structuring, Industry 4.0, the integration of technologies such as IoT and cloud computing, and the growing demand for efficient automation solutions in all sectors are some of the Key factors driving the demand for Vacuum Furnaces market.

The future of metallurgical heat treatment technology is constantly evolving. Vacuum furnace technology is known and utilized by engineering industrialists with the vision to establish this process technology as the vehicle capable of accepting many innovative thermal metallurgical transformations of today’s engineered and manufactured products. today. .

Given existing and expected international trends, vacuum furnace technology currently has significant potential to thrive in the future. It is a technology that will allow materials science and its industrial partners to easily enter the third millennium.

Hence, vacuum heat treatment technology plays a vital role in the brazing of complex geometric non-ferrous aluminum alloys, which acts as a catalyst for the growth of the vacuum furnace market.

Impact of COVID-19 Pandemic on North America Vacuum Furnaces Market

According to IMF data, after the 3.4% slowdown in 2020, the US economy grew by 5.6% in 2021. Vacuum furnace suppliers in the region are committed to meeting safety standards and highest environmental standards in their manufacturing facilities. In the United States, the Pfeiffer Vacuum Group presented a satisfactory evolution of product sales during the 2021 financial year. Ipsen (United States) received new orders for vacuum furnaces in 2021, confirmed twenty-two new orders of equipment and recorded parts reservations in the first quarter of 2022. .

The North America vacuum furnace market has seen improving activity levels, driven by growing demand for improved heat treatment capabilities. .

Companies operating in the North American vacuum furnace market have reported increased demand from the aerospace and additive manufacturing sectors. In the first quarter of 2022, Ipsen carried out more than 250 field service visits to monitor installation and start-up, relocation of ovens, preventive maintenance, calibrations and leak checks, and strengthen its after-sales services .

Strategic initiatives to improve response times and collaboration on co-development projects are facilitating the growth of the regional vacuum furnace market. In addition, the establishment of innovation centers, research facilities and R&D centers close to semiconductor customers enables vacuum furnace suppliers to develop and test the next generation vacuum solutions to to maximize sales and profits in the post-pandemic era.
The use of complicated metal injection molding (MIM) has grown in many applications and industries over the past two to three decades. The growing demand for high quality components with tighter geometric tolerances and stronger material properties has prompted the integration of the MIM process into the production lines of various industries, such as automotive, medical and consumer goods manufacturing, resulting in increased demand for vacuum furnaces and thus boosting the vacuum furnace market.

According to Ipsen (US), its customers in eleven US states and four other countries – India, Japan, Mexico and Taiwan have placed new equipment orders since early July 2021. Heat exchangers, Jet engine components, fasteners and saw blades are among the products processed in the furnaces.

Most sales came from aerospace customers, but Ipsen also claims an increase in orders from new industries such as electric car manufacturing and additive manufacturing. Due to the growth of various sectors, the demand for vacuum furnaces is increasing, catalyzing the vacuum furnace market.

By end-users, the vacuum furnace market is segmented into aerospace, automotive, power generation, tools & dies, etc. Based on product type, the market is segmented into vacuum quenching furnaces, vacuum brazing furnaces, vacuum carburizing furnaces, and others.

Based on geography, the global market is segmented into five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

Among the product type segments, the vacuum tempering furnace segment has dominated the vacuum furnace market and is expected to grow at the fastest CAGR during the forecast period. Metals oxidize when heated to extremely high temperatures, which is undesirable.

Therefore, vacuum furnaces are used because they produce a vacuum inside the system and prevent contamination and oxidation, allowing for high consistency, low contamination brazing.

The Vacuum Furnaces market analysis has been derived using primary as well as secondary sources. To begin the research process, extensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves to obtain an overview and forecast of Ground Handling Software regarding all market segments.Additionally, primary interviews were conducted with industry participants to validate the data and obtain more analytical information on the subject.

Participants in this process are industry experts, such as vice presidents, business development managers, market intelligence managers, national sales managers, and external consultants, such as evaluation, research analysts and key opinion leaders, specializing in the Vacuum Furnaces market.

ALD Vacuum Technologies India Pvt. Ltd, HHV LTD and Centorr Vacuum Industries are the major companies operating in the vacuum furnace market profiled in this market study.
Read the full report: https://www.reportlinker.com/p06289945/?utm_source=GNW

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