Vacuum Furnaces Market Size, Share | Industry Report 2028

Vacuum Furnaces Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Vacuum Quench Furnaces, Vacuum Brazing Furnaces, Vacuum Carburizing Furnaces, and Others) and End User (Aerospace, Automotive, Tool and Die, Power Generation, and Others)

Publication Month : May 2022

  • Report Code : TIPRE00006235
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 148
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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

vacuum-furnaces-market
Market Size Value inUS$ 881.88 million in 2021
Market Size Value byUS$ 1248.86 million by 2028
Growth rateCAGR of 5.3% from 2022 to 2028.
Forecast Period2022- 2028
Base Year2021
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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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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


What are reasons behind vacuum furnace market growth?

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.

What are market opportunities for vacuum furnace market?

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.

Which product type is expected to dominate the market in the forecast period?

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

Which region has dominated the vacuum furnace market?

The most dominant region accounts for Asia Pacific (40.7% market share in 2021), followed by Europe and North America.

Which are the major companies in the vacuum furnace market?

The major companies in vacuum furnace includes AMG, Shimadzu, Seco Warwick, Pfeiffer and Ipsen among others.

Which Application is expected to dominate the market in the forecast period?

The aerospace segment led the vacuum furnaces market globally with a market share of 56.6% in the year 2021.

The List of Companies - Vacuum Furnaces Market
  1. AMG ADVANCED METALLURGICAL
  2. ALD VACUUM TECHNOLOGIES INDIA PVT. LTD
  3. CENTORR VACUUM INDUSTRIES
  4. CHUGAI RO CO., LTD.
  5. ECM TECHNOLOGIES
  6. HHV LTD.
  7. IHI MACHINERY AND FURNACE CO.,LTD
  8. SOLAR MANUFACTURING
  9. 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.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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