The global industrial microwave heating equipment market size was valued at USD 890.2 million in 2016. Escalating demand in numerous end-use industries such as paper, food, plastic, wood, and derivatives, and chemicals is projected to boost the market over the forecast period. The equipment is used in numerous applications such as drying and sterilizing, tempering and blanching, rubber curing and tire pre-heating, foaming plastic materials, final drying at paper making, drying coated paper and/or synthetic paper, and polymerization.
The market is expected to witness significant growth, which can be attributed to the numerous benefits offered by these products. For instance, selective heating minimizes over-processing, scorching, and overheating, promotes a pollution-free environment as there are no byproducts of combustion, and provides instantaneous heating control.
Increased industrialization and stringent government regulations are expected to boost the industrial microwave heating equipment market. Governments across the globe are implementing regulations and guidelines for the safe use of microwaves/RF equipment for industrial processing and for the promotion of energy-efficient products. Such regulations are also expected to have a favorable impact on market demand.
The industrial microwave heating equipment market can be segmented into two product categories, namely magnetrons and RF solid-state amplifiers. Studies show that magnetrons could be replaced by RF solid-state amplifiers over the forecast period, owing to several benefits offered by the latter. As a result, even though the magnetron segment captured the largest market share in 2016, it is anticipated to grow at a slow rate owing to factors such as uneven heating, drop in quality of end-product, limited shelf life, residual temperature differences, and slow heat transfer.
RF solid-state amplifiers are expected to address several drawbacks associated with microwave ovens using magnetrons. The segment is expected to witness rapid growth across several end-use industries, exhibiting a CAGR exceeding 10.0%. This is owing to benefits such as enhanced shelf life (more than 20 years without power attenuation), energy generation at new frequencies with compact form factor, enhancement of product quality, volumetric heating, and instant heat transfer.
There has been a high demand for industrial microwave heating equipment from the food industry, owing to which the food industry captured a major market share in 2016. It is projected to expand at a CAGR of close to 7.0% from 2017 to 2025. This growth is attributed to increasing adoption of these products for cooking and foaming, tempering and blanching, mold-proofing, drying and sterilizing, and puffing and vacuum drying processes, among others.
The plastic segment is anticipated to exhibit a CAGR of just over 6.0% over the forecast period. Demand in the industry is expected to increase owing to the usage of industrial microwave heating equipment in numerous procedures such as melting optical fibers with high polypropylene content, drying casting cores, heating epoxide pipes/tubes and heat-shrinkable molded parts, preheating plastic profiles. The chemical, paper, and wood and derivatives industries also utilize the equipment in several processes.
The European market is expected to witness steady growth over the forecast period, registering a CAGR of over 6.0%. This can be attributed to rapid industrialization and favorable government regulations for the usage of microwaves/RF equipment for industrial processing. Europe, being a technology-driven nation, is anticipated to adopt RF solid-state amplifiers at a faster pace.
The rise in the presence of food, paper, and chemical companies in North America and Asia Pacific has led to increased adoption of industrial microwave heating equipment. In 2016, these regions together accounted for a little over 50% of the total market and are anticipated to grow at a substantial rate over the forecast period. The Middle East and Africa and Latin America are both projected to witness moderate growth over the coming years.
The global market includes large-scale and small-scale industrial microwave heating equipment manufacturers. Key players such as Communications & Power Industries LLC, L3 Electron Devices, Muegge GmbH, Richardson Electronics, Ltd., and Toshiba Hokuto Electronics Corporation captured a major share in 2016. These companies invest heavily in research and development to introduce cost-effective and energy-efficient equipment.
Key market players focus on inorganic growth strategies, such as joint ventures and mergers and acquisitions, to sustain the competition and capture a larger market share. Moreover, they maintain their competitive position in this market by offering superior distribution channels and enhanced services.
Report Attribute |
Details |
Market size value in 2020 |
USD 983.8 million |
Revenue forecast in 2025 |
USD 1,414.5 million |
Growth Rate |
CAGR of 5.6% from 2017 to 2025 |
Base year for estimation |
2016 |
Historical data |
2014 - 2015 |
Forecast period |
2017 - 2025 |
Quantitative units |
Revenue in USD million and CAGR from 2017 to 2025 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Equipment, end user, and region. |
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; and Mexico |
Key companies profiled |
CoberMuegge LLC; Communications & Power Industries LLC (CPI); Hitachi Power Solutions Co., Ltd.; Industrial Microwave Systems Ltd.; L3 Electron Devices (L3 Technologies, Inc.); Muegge GmbH; Richardson Electronics, Ltd.; Teledyne e2v Limited; and Toshiba Hokuto Electronics Corporation. |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends from 2014 to 2025 in each of the sub-segments. For the purpose of this study, Grand View Research has segmented the industrial microwave heating equipment market report based on equipment, end use, and region:
Equipment Outlook (Revenue, USD Million, 2014 - 2025)
Magnetrons
RF Solid State Amplifiers
End-Use Outlook (Revenue, USD Million, 2014 - 2025)
Food
Paper
Wood & Derivatives
Plastic
Chemical
Others
Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
The U.S.
Canada
Europe
The U.K.
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East & Africa
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The global electronics devices market (including consumer electronics and industrial electronics devices) is expected to be impacted significantly by COVID-19 as China is one of the major suppliers for the raw materials (used to manufacture devices) as well as the finished products. The industry is on the brink of facing a reduction in production, disruption in supply, and price fluctuations. While this can vastly encourage local manufacturers to step up and address the growing demand, the scarcity of raw material can still pose a challenge to this industry. The sales of prominent electronic companies is expected to be affected in the near future. The report will account for Covid19 as a key market contributor.
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