The Vacuum Furnaces Market is expected to grow from US$ 881.88 million in 2021 to US$ 1,248.86 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2022 to 2028.
Players in the vacuum furnaces market will have lucrative opportunities in the coming years due to the growing application of these furnaces in the aerospace industry. The aerospace industry is one of the major end users of vacuum furnaces market. As heat treatment is used in the aerospace industry to improve the resistance of various components toward wear and corrosion, major methods involve the heat treatment of engine parts subjected to mechanical stresses and strains.
As it offers high reliability, a smaller installed footprint, and ease of maintenance, vertical vacuum furnace heat treatment is used to heat parts with a cylindrical cross-section or parts that can be stacked vertically, such as those commonly processed in the aerospace industry. Vacuum furnaces are used for brazing, annealing, solution treatment, aging, hardening, stress relief, and other thermal treatments. As a result, the vacuum furnaces market is growing due to the wide range of applications in the aerospace industry.
Furthermore, the aerospace and defense (A&D) industry is focused on developing new technologies and solutions, extending development prospects, and establishing new markets. New technologies and processes that evolve quickly and are commercialized can enhance efficiencies and lower production costs. Trends in commercial air travel and client order activity are substantially better than in the pre-COVID-19 era, a bullish omen for the business. Global COVID-19 vaccine distribution assists in the normalization of air travel. Therefore, the revival of the aerospace industry drives the vacuum furnaces market.
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Vacuum Furnaces Market: Strategic Insights
Market Size Value in US$ 881.88 million in 2021 Market Size Value by US$ 1248.86 million by 2028 Growth rate CAGR of 5.3% from 2022 to 2028. Forecast Period 2022- 2028 Base Year 2021
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Vacuum Furnaces Market: Strategic Insights
| Market Size Value in | US$ 881.88 million in 2021 |
| Market Size Value by | US$ 1248.86 million by 2028 |
| Growth rate | CAGR of 5.3% from 2022 to 2028. |
| Forecast Period | 2022- 2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Vacuum Furnaces Market
According to International Monetary Fund (IMF), the economic output in developing countries rose by 6.5% in 2021, following a decline of 2.0% in 2020. IMF economists had reported average GDP growth of 5.0% for the industrialized nations in 2021. The COVID-19 outbreak posed immediate challenges to the production capacities of the vacuum furnaces market participants. The pandemic had and may continue to negatively impact businesses, resulting in the postponement of aerospace-related businesses, travel restrictions, and health risks to the workforce.
Technological advancements have enabled the development of products with reduced size, vibration and noise emissions, and maximum operational reliability. Vacuum furnace providers worldwide are continuing to monitor the global impacts of the COVID-19 and its potential future magnitude.
Manufacturers are dependent on a limited number of suppliers for many vacuum furnace components because of their stringent quality requirements. This is limited by the pandemic's adverse impacts, leading to reduced capacity utilization. Therefore, to mitigate this risk, vacuum furnaces market participants enter longer-term contracts with suppliers and diversify their supplier base. Manufacturers have also observed growing trends in monitoring supplier performance and retaining adequate liquidity.
The economic turbulence caused by the COVID-19 and the US-China trade tensions forced the officials to focus on their strategic agenda, market diversification, finalizing vacuum furnace orders, and customer service. Rapid recovery in the automotive sector led to a higher demand for heat treatment services at the end of 2020, which partially offset the impact of the pandemic. Still, the overall vacuum furnace market is continuing to recover at a slower pace due to the dramatic impact on the aerospace industry.
Lucrative Regions for Vacuum Furnaces Market
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Vacuum Furnaces Market Insights
At present, the construction sector is witnessing an upward trend. With buildings getting taller and the floor plates getting bigger, final users seek advanced molding structures, which are light, reusable, cost-effective, durable, flexible, and easy to assemble and dismantle. A few companies offer adjustable vacuum furnaces for small and large manufacturing units. ALD Vacuum Technologies India Pvt. Ltd, HHV LTD, and Centorr Vacuum Industries are among a few well-established players existing in the market. With the increasing number of commercial, residential, and industrial projects, the construction industry is booming, drawing the attention of vacuum furnace manufacturers. Hence, due to the growth in the utilization of heat-treating procedures in the construction industry, the global vacuum furnace market is predicted to expand significantly over the forecast period.
As per Global Construction 2030, it is estimated that worldwide the volume of construction output will increase by 85% to US$ 15.5 trillion by 2030. The US, China, and India are projected to lead the path and account for more than half of the share of the global growth. Also, increasing demand for data centers coupled with the retail need for refurbishment is anticipated to impact the construction sector positively. Moreover, investment to renovate old buildings and inclination toward a greener future boost the scope of green buildings is projected to nurture the construction sector. Such factors are likely to create lucrative opportunities for vacuum furnace vendors in the years to come.
End User Based Market Insights
By end users, the vacuum Furnaces market is segmented into aerospace, automotive, power generation, tool & die, and others. In 2021, the aerospace segment accounted for the largest share of the vacuum furnaces market.
Vacuum Furnaces Market segments, during 2021–2028 (%)
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Product Type Based Market Insights
By product type, the vacuum furnaces market is segmented into vacuum quench furnaces, vacuum brazing furnaces, vacuum carburizing furnaces, and others. In 2021, the vacuum quench furnaces segment accounted for the largest share of the vacuum furnaces market.
Market players adopt strategies, such as mergers, acquisitions, and market initiatives, to maintain their positions in the ground handling software market. A few developments by key players in the market report are listed below:
- In 2021, Centorr Vacuum Industries announced that they are preparing six furnaces in their workhorse product line applicable to various precision processing of metals in heat treating, brazing, annealing, and other applications.
- In 2022, Ipsen is expanding its service capacities by adding ultrasonic wall thickness testing for vacuum furnaces.
Company Profiles in the Vacuum Furnaces Market Report
- AMG ADVANCED METALLURGICAL
- ALD Vacuum Technologies
- Centorr Vacuum Industries
- Chugai RO Co., LTD
- ECM Technologies
- HHV Ltd
- HI Machinery and Furnace Co., Ltd.
- Ipsen
- Solar Manufacturing
- TAV Vacuum Furnaces
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The aerospace industry is one of the major end-user of vacuum furnaces. As heat treatment is used in the aerospace industry to improve the resistance of various components toward wear and corrosion, major methods involve the heat treatment of engine parts subjected to mechanical stresses and strains. As it offers high reliability, a smaller installed footprint, and ease of maintenance, vertical vacuum furnace heat treatment is used to heat parts with a cylindrical cross section or parts that can be stacked vertically, such as those commonly processed in the aerospace industry. Vacuum furnaces are used for brazing, annealing, solution treatment, aging, hardening, stress relief, and other thermal treatments. As a result, the vacuum furnace market is growing due to the wide range of applications in the aerospace industry.
As per Global Construction 2030, it is estimated that worldwide the volume of construction output would increase by 85% to US$ 15.5 trillion by 2030. The US, China, and India are projected to lead the path and account for more than half of the share of the global growth. Also, increasing demand for data centers coupled with the retail need for refurbishment is anticipated to impact the construction sector positively. Moreover, investment to renovate old buildings and inclination toward a greener future boost the scope of green buildings is projected to nurture the construction sector. Such factors are likely to create lucrative opportunities for vacuum furnace vendors.
The vacuum furnaces market by product type was led by vacuum quench furnaces segment which held a market share of 45.3% in the year 2021
The most dominant region accounts for Asia Pacific (40.7% market share in 2021), followed by Europe and North America.
The major companies in vacuum furnace includes AMG, Shimadzu, Seco Warwick, Pfeiffer and Ipsen among others.
The aerospace segment led the vacuum furnaces market globally with a market share of 56.6% in the year 2021.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Vacuum Furnaces Market – By Product Type
1.3.2 Global Vacuum Furnaces Market – By End User
1.3.3 Global Vacuum Furnaces Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Vacuum Furnaces - Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific (APAC)
4.2.4 Middle East and Africa (MEA)
4.2.5 South America (SAM)
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Vacuum Furnaces Market – Market Dynamics
5.1 Key Market Drivers
5.1.1 Vacuum Furnace Demand is Increasing across Industries
5.1.2 Growing Application in Aerospace Industry
5.2 Key Market Restraints
5.2.1 Concerns Regarding High Installation Cost
5.3 Key Market Opportunities
5.3.1 Growth in Construction Sector
5.4 Future Trends
5.4.1 Integration of New Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Vacuum Furnaces Market – Global Market Analysis
6.1 Overview
6.2 Global Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Top Five Players
7. Vacuum Furnaces Market Analysis – By Product Type
7.1 Overview
7.2 Vacuum Furnaces Market Breakdown, by Product Type, 2021 & 2028
7.3 Vacuum Quench Furnaces
7.3.1 Overview
7.3.2 Vacuum Quench Furnaces Market Revenue and Forecast to 2028 (US$ Million)
7.4 Vacuum Brazing Furnaces
7.4.1 Overview
7.4.2 Vacuum Brazing Furnaces Market Revenue and Forecast to 2028 (US$ Million)
7.5 Vacuum Carburizing Furnaces
7.5.1 Overview
7.5.2 Vacuum Carburizing Furnaces Market Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Revenue and Forecast to 2028 (US$ Million)
8. Vacuum Furnaces Market Analysis – By End User
8.1 Overview
8.2 Vacuum Furnaces Market Breakdown, By End User, 2021 & 2028
8.3 Aerospace
8.3.1 Overview
8.3.2 Aerospace Market Revenue and Forecast to 2028 (US$ Million)
8.4 Automotive
8.4.1 Overview
8.4.2 Automotive Market Revenue and Forecast to 2028 (US$ Million)
8.5 Tool and Die
8.5.1 Overview
8.5.2 Tool and Die Market Revenue and Forecast to 2028 (US$ Million)
8.6 Power Generation
8.6.1 Overview
8.6.2 Power Generation Market Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others Market Revenue and Forecast to 2028 (US$ Million)
9. Vacuum Furnaces Market – Geographic Analysis
9.1 Overview
9.2 North America: Vacuum Furnaces Market
9.2.1 Overview
9.2.2 North America: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.2.3 North America: Vacuum Furnaces Market Revenue and Forecast, by Product Type
9.2.4 North America: Vacuum Furnaces Market, by End User
9.2.5 North America: Vacuum Furnaces Market Revenue and Forecast, by Country (2021 and 2028)
9.2.5.1 US: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.1 US Vacuum Furnaces Market Breakdown, By Product Type
9.2.5.1.2 US Vacuum Furnaces Market Breakdown, By End User
9.2.5.2 Canada: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.1 Canada Vacuum Furnaces Market Breakdown, By Product Type
9.2.5.2.2 Canada Vacuum Furnaces Market Breakdown, By End User
9.2.5.3 Mexico: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.1 Mexico Vacuum Furnaces Market Breakdown, By Product Type
9.2.5.3.2 Mexico Vacuum Furnaces Market Breakdown, By End User
9.3 Europe: Vacuum Furnaces Market
9.3.1 Overview
9.3.2 Europe Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
9.3.3 Europe Vacuum Furnaces Market Breakdown, By Product Type
9.3.4 Europe Vacuum Furnaces Market Breakdown, By End User
9.3.5 Europe Vacuum Furnaces Market Breakdown, By Key Country
9.3.5.1 Germany Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
9.3.5.1.1 Germany Vacuum Furnaces Market Breakdown, By Product Type
9.3.5.1.2 Germany Vacuum Furnaces Market Breakdown, By End User
9.3.5.2 France Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
9.3.5.2.1 France Vacuum Furnaces Market Breakdown, By Product Type
9.3.5.2.2 France Vacuum Furnaces Market Breakdown, By End User
9.3.5.3 Italy Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
9.3.5.3.1 Italy Vacuum Furnaces Market Breakdown, By Product Type
9.3.5.3.2 Italy Vacuum Furnaces Market Breakdown, By End User
9.3.5.4 UK Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
9.3.5.4.1 UK Vacuum Furnaces Market Breakdown, By Product Type
9.3.5.4.2 UK Vacuum Furnaces Market Breakdown, By End User
9.3.5.5 Russia Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
9.3.5.5.1 Russia Vacuum Furnaces Market Breakdown, By Product Type
9.3.5.5.2 Russia Vacuum Furnaces Market Breakdown, By End User
9.3.5.6 Rest of Europe Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
9.3.5.6.1 Rest of Europe Vacuum Furnaces Market Breakdown, By Product Type
9.3.5.6.2 Rest of Europe Vacuum Furnaces Market Breakdown, By End User
9.4 APAC: Vacuum Furnaces Market
9.4.1 Overview
9.4.2 APAC: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3 APAC: Vacuum Furnaces Market, by Product Type
9.4.4 APAC: Vacuum Furnaces Market, by End User
9.4.5 APAC: Vacuum Furnaces Market, by Key Country
9.4.5.1 Australia: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.1.1 Australia: Vacuum Furnaces Market, by Product Type
9.4.5.1.2 Australia: Vacuum Furnaces Market, by End User
9.4.5.2 China: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.1 China: Vacuum Furnaces Market, by Product Type
9.4.5.2.2 China: Vacuum Furnaces Market, by End User
9.4.5.3 India: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.3.1 India: Vacuum Furnaces Market, by Product Type
9.4.5.3.2 India: Vacuum Furnaces Market, by End User
9.4.5.4 Japan: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.1 Japan: Vacuum Furnaces Market, by Product Type
9.4.5.4.2 Japan: Vacuum Furnaces Market, by End User
9.4.5.5 South Korea: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.5.1 South Korea: Vacuum Furnaces Market, by Product Type
9.4.5.5.2 South Korea: Vacuum Furnaces Market, by End User
9.4.5.6 Rest of APAC: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.6.1 Rest of APAC: Vacuum Furnaces Market, by Product Type
9.4.5.6.2 Rest of APAC: Vacuum Furnaces Market, by End User
9.5 MEA: Vacuum Furnaces Market
9.5.1 Overview
9.5.2 MEA: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3 MEA: Vacuum Furnaces Market Revenue and Forecast, by Product Type
9.5.4 MEA: Vacuum Furnaces Market Revenue and Forecast, by End User
9.5.5 MEA: Vacuum Furnaces Market Revenue and Forecast, by Country
9.5.5.1 South Africa: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.1 South Africa Vacuum Furnaces Market Breakdown, by Product Type
9.5.5.1.2 South Africa Vacuum Furnaces Market Breakdown, by End User
9.5.5.2 Saudi Arabia: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.1 Saudi Arabia: Vacuum Furnaces Market Breakdown, by Product Type
9.5.5.2.2 Saudi Arabia: Vacuum Furnaces Market Breakdown, by End User
9.5.5.3 UAE: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.1 UAE: Vacuum Furnaces Market Breakdown, by Product Type
9.5.5.3.2 UAE: Vacuum Furnaces Market Breakdown, by End User
9.5.5.4 Rest of MEA: Vacuum Furnaces Market, Revenue and Forecast to 2028 (US$ Million)
9.5.5.4.1 Rest of MEA: Vacuum Furnaces Market Breakdown, by Product Type
9.5.5.4.2 Rest of MEA: Vacuum Furnaces Market Breakdown, by End User
9.6 SAM: Vacuum Furnaces Market
9.6.1 Overview
9.6.2 SAM: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.6.3 SAM: Vacuum Furnaces Market Revenue and Forecast, by Product Type
9.6.4 SAM: Vacuum Furnaces Market, by End User, 2021 & 2028 (%)
9.6.5 SAM: Vacuum Furnaces Market Revenue and Forecast, by Country
9.6.5.1 Brazil: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.6.5.1.1 Brazil: Vacuum Furnaces Market Breakdown, by Product Type
9.6.5.1.2 Brazil: Vacuum Furnaces Market Breakdown, by End User
9.6.5.2 Argentina: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.6.5.2.1 Argentina: Vacuum Furnaces Market Breakdown, by Product Type
9.6.5.2.2 Argentina: Vacuum Furnaces Market Breakdown, by End User
9.6.5.3 Rest of SAM: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
9.6.5.3.1 Rest of SAM: Vacuum Furnaces Market Breakdown, by Product Type
9.6.5.3.2 Rest of SAM: Vacuum Furnaces Market Breakdown, by End User
10. Vacuum Furnaces Market- COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 AMG ADVANCED METALLURGICAL
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ALD Vacuum Technologies
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Centorr Vacuum Industries
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Chugai RO Co., LTD
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ECM Technologies
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 HHV Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 HI Machinery and Furnace Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Ipsen
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Solar Manufacturing
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 TAV Vacuum Furnaces
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Global Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 3. North America: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 4. North America: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Country (US$ Million)
Table 5. US Vacuum Furnaces Market Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 6. US Vacuum Furnaces Market Revenue and Forecast to 2028 – By End User (US$ Million)
Table 7. Canada Vacuum Furnaces Market Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 8. Canada Vacuum Furnaces Market Revenue and Forecast to 2028 – By End User (US$ Million)
Table 9. Mexico Vacuum Furnaces Market Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 10. Mexico Vacuum Furnaces Market Revenue and Forecast to 2028 – By End User (US$ Million)
Table 11. Europe: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 12. Europe: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 13. Europe: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Country (US$ Million)
Table 14. Germany: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 15. Germany: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 16. France: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 17. France Vacuum Furnaces Market Revenue and Forecast to 2028 – By End User (US$ Million)
Table 18. Italy: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 19. Italy Vacuum Furnaces Market Revenue and Forecast to 2028 – By End User (US$ Million)
Table 20. UK Vacuum Furnaces Market Revenue and Forecast to 2028 – By Product Type (US$ Million)
Table 21. UK: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 22. Russia: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 23. Russia: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 24. Rest of Europe: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 25. Rest of Europe: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 26. Asia Pacific: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 27. APAC: Vacuum Furnaces Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 28. Asia Pacific: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Country (US$ Million)
Table 29. Australia: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 30. Australia: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 31. China: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 32. China: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 33. India: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 34. India: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 35. Japan: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 36. Japan: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 37. South Korea: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 38. South Korea: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 39. Rest of Asia Pacific: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 40. Rest of Asia Pacific: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 41. Middle East and Africa: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 42. MEA: Vacuum Furnaces Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 43. Middle East and Africa: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Country (US$ Million)
Table 44. South Africa: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 45. South Africa: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 46. Saudi Arabia: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 47. Saudi Arabia: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 48. UAE: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 49. UAE: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 50. Rest of MEA: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 51. Rest of MEA: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 52. South America: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 53. South America: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 54. South America: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Country (US$ Million)
Table 55. Brazil: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 56. Brazil: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 57. Argentina: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 58. Argentina: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 59. Rest of SAM: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By Product Type (US$ Million)
Table 60. Rest of SAM: Vacuum Furnaces Market, Revenue and Forecast to 2028 - By End User (US$ Million)
Table 61. Glossary of Terms, Vacuum Furnaces Market
LIST OF FIGURES
Figure 1. Vacuum Furnaces Market Segmentation
Figure 2. Vacuum Furnaces Market Segmentation – By Geography
Figure 3. Global Vacuum Furnaces Market Overview
Figure 4. Vacuum Quench Furnaces Segment Held the Largest Market Share in 2021
Figure 5. Aerospace Segment Held the Largest Market Share in 2021
Figure 6. Asia Pacific Held the Largest Market Share in 2021
Figure 7. North America – PEST analysis
Figure 8. Europe - PEST Analysis
Figure 9. APAC – PEST Analysis
Figure 10. MEA – PEST Analysis
Figure 11. SAM - PEST Analysis
Figure 12. Expert Opinion
Figure 13. Vacuum Furnaces Market Impact Analysis of Drivers and Restraints
Figure 14. Global Vacuum Furnaces Market
Figure 15. Global Vacuum Furnaces Market Revenue and Forecast To 2028 (US$ Million)
Figure 16. Vacuum Furnaces Market Breakdown, by Product Type, 2021 & 2028 (%)
Figure 17. Global Vacuum Quench Furnaces Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Global Vacuum Brazing Furnaces Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Global Vacuum Carburizing Furnaces Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Vacuum Furnaces Market Breakdown, By End User, 2021 & 2028 (%)
Figure 22. Global Aerospace Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Global Automotive Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Global Tool and Die Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Global Power Generation Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Global Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Global Vacuum Furnaces Market, By Geography – 2021 and 2028 (%)
Figure 28. North America: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America: Vacuum Furnaces Market, by Product Type, 2021 & 2028 (%)
Figure 30. North America: Vacuum Furnaces Market, by End User, 2021 & 2028 (%)
Figure 31. North America: Vacuum Furnaces Market, by Country, 2021 & 2028 (%)
Figure 32. US: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Canada: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
Figure 36. Europe Vacuum Furnaces Market Breakdown, By Product Type, 2021 and 2028 (%)
Figure 37. Europe: Vacuum Furnaces Market, by End User, 2021 & 2028 (%)
Figure 38. Europe: Vacuum Furnaces Market, by Country, 2021 & 2028 (%)
Figure 39. Germany Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
Figure 40. France Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
Figure 41. Italy Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
Figure 42. UK Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
Figure 43. Russia Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
Figure 44. Rest of Europe Vacuum Furnaces Market Revenue and Forecast to 2028 (US$ Million)
Figure 45. APAC: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Asia Pacific: Vacuum Furnaces Market, by Product Type, 2021 & 2028 (%)
Figure 47. Asia Pacific: Vacuum Furnaces Market, by End User, 2021 & 2028 (%)
Figure 48. Asia Pacific: Vacuum Furnaces Market, by Country, 2021 & 2028 (%)
Figure 49. Australia: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. China: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. India: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Japan: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. South Korea: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Rest of APAC: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. MEA: Vacuum Furnaces Market, Revenue and Forecast to 2028 (US$ Million)
Figure 56. MEA: Vacuum Furnaces Market, by Product Type, 2021 & 2028 (%)
Figure 57. MEA: Vacuum Furnaces Market, by End User, 2021 & 2028 (%)
Figure 58. Middle East and Africa: Vacuum Furnaces Market, by Country, 2021 & 2028 (%)
Figure 59. South Africa: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Saudi Arabia: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. UAE: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Rest of MEA: Vacuum Furnaces Market, Revenue and Forecast to 2028 (US$ Million)
Figure 63. SAM: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. South America: Vacuum Furnaces Market, by Product Type, 2021 & 2028 (%)
Figure 65. SAM: Vacuum Furnaces Market Revenue and Forecast, by End User (2021 and 2028)
Figure 66. South America: Vacuum Furnaces Market, by Country, 2021 & 2028 (%)
Figure 67. Brazil: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Argentina: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of SAM: Vacuum Furnaces Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Impact of COVID-19 Pandemic in North American Countries
Figure 71. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 72. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 73. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets
Figure 74. Impact of COVID-19 Pandemic in South America Country Markets- AMG ADVANCED METALLURGICAL
- ALD VACUUM TECHNOLOGIES INDIA PVT. LTD
- CENTORR VACUUM INDUSTRIES
- CHUGAI RO CO., LTD.
- ECM TECHNOLOGIES
- HHV LTD.
- IHI MACHINERY AND FURNACE CO.,LTD
- SOLAR MANUFACTURING
- TAV VACUUM FURNACES
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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