According to the latest report by IMARC Group, titled “Vacuum Ovens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,”.the global vacuum ovens market size reached US$ 217 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 322.5 Million by 2027, exhibiting a growth rate (CAGR) of 6.6% during 2022-2027.
Industry Overview:
Vacuum ovens incubate samples at an elevated temperature in a vacuum. The process of heat treatment takes place inside an airtight vessel in vacuum ovens. These ovens offer various features, including achievable temperature range, capacity, vacuum range, and programmability. It is largely used in laboratory research, engineering, and different industries for drying, curing, desiccating, aging, vacuum embedding, and plating and electronic component processing. Vacuum ovens help prevent oxidation or decarburization and remove surface contaminants, such as oxide films and residual traces of lubricants.It can also add a substance to the surface layers of the work and remove dissolved contaminating substances from metals via degassing.
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Market Trends:
The increasing use of vacuum ovens in the medical industry to remove chemicals from implanted medical devices, such as pacemakers, catheters, and artificial heart valves and joints, that can be toxic to the human body represents the key factor accelerating the market growth. Apart from this, the legalization and commercialization of cannabis across the globe are providing a considerable boost to the market growth. The vacuum helps process cannabis extract butane hash oil (BHOs), with a reduced risk of fire while performing the entire process. Moreover, key market players are actively working to introduce new product variants with advanced technology to increase their consumer base, which is creating a positive outlook for the market.
Vacuum Ovens Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the vacuum ovens market has been studied in the report with the detailed profiles of the key players operating in the market.
Market Key Players:
• Cole-Parmer
• Memmert
• MTI
• Sheldon Manufacturing
• Thermo Fisher
• Accumax India
• BINDER
• Cascade TEK
• ESPEC
• Grieve
• JEIO
• SalvisLab Renggli
• Shanghai Hasuc Instrument
• Ted Pella
• Yamato Scientific
Market Segmentation:
The report has segmented the vacuum ovens market on the basis of product type, application and region.
Breakup by Product Type:
<200
200-300
>300
Breakup by Application:
Home Appliances
Commercial Appliances
Geographical Analysis:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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