Industrial Magnetrons Market

Industrial Magnetrons Market Outlook (2022-2026)

[170 Pages Report] The global industrial magnetrons market is estimated to create an incremental opportunity of US$ 4.72 Bn by the end of 2022. Growing usage of magnetron technology across the manufacturing sector in industrial heating equipment is expected to facilitate the growth in the market.

Attribute	Details
Industrial Magnetrons Market Estimated Size in 2022	US$ 4.72 Bn
Industrial Magnetrons Market Projected Size in 2026	US$ 5.82 Bn
Industrial Magnetrons Market Historical CAGR (2012-2021)	4.9%
Industrial Magnetrons Market Value-based CAGR (2022-2026)	5.4%

The sales in the global industrial magnetrons market are anticipated to reach US$ 5.82 Bn by 2026, rising at a CAGR of 5.4% during the forecast period 2022-2026.

FMI estimates that North America will register the fastest growth in the global market, accounting for over 38.2% of the industrial magnetrons sales by 2022. On the basis of product type, the continuous wave industrial magnetrons will remain dominant among the product segment, accounting for more than 2/3rd of the market share through 2026.

How The Market Progressed Till June 2022?

Market Statistics	Details
H1,2021 (A)	5.4%
H1,2022 Projected (P)	5.3%
H1,2022 Outlook (O)	5.1%
BPS Change : H1,2022 (O) - H1,2022 (P)	(-) 20 ↓
BPS Change : H1,2022 (O) - H1,2021 (A)	(-) 28 ↓

FMI presents a half-yearly comparison analysis and review of Industrial Magnetrons Market growth rates. A shift in preference towards using magnetrons for industrial coating owing to their benefits such as the ability to coat heat-sensitive substrates, high deposition rate, ease of sputtering, and high adhesion of films is boosting the demand in the market.

According to FMI analysis, the variation between the BPS values observed in the Industrial Magnetrons Market in H1, 2022 - Outlook over H1, 2022 Projected reflects a decline of 20 units. However, compared to H1, 2021, the market is expected to fall by 28 BPS in H1 -2022.

The maintenance of these products is very difficult also the initial investment in these products is usually high, this is one of the factors which is restraining the market growth.

The growing use of industrial magnetrons in the healthcare sector for applications such as removal of unwanted tissue, structural health monitoring, removal of unwanted tissue, and treatment of large tumors is favoring the growth across the segment.

Apart from this, the growing incorporation of industrial magnetrons in heating equipment for moisture reduction and drying process is favoring the sales in the industrial heating equipment segment.

2012-2021 Industrial Magnetrons Market Outlook in Comparison to 2022-2026 Growth Forecast

The global industrial magnetrons market registered growth at CAGR of 4.9% during 2012-2021. The sales of industrial magnetrons are expected to rise by 1.30x during the forecast period 2022-2026.

Industrial magnetrons are efficient cross-field microwave oscillators that are used for generating continuous-wave (CW) signals and across high output industrial applications such as dry processing, microwave light emission, and electric device manufacturing among others.

Shift in preference towards using magnetrons for industrial coating owing to their benefits such as high deposition rate, ability of coat heat-sensitive substrates, ease of sputtering, and high adhesion of films is propelling the demand in the market. Driven by this, the sales in the global market are projected to top US$ 5.82 Bn by 2026, in comparison to the US$ 4.49 Bn registered in 2021.

Will Emphasis on Reducing Cost of Operations Favor the Industrial Magnetrons Market Growth?

Heating appliances consume a large amount of energy during usage due to less resistance of the heating elements, which in turn, results in increasing costs. Manufacturers across the world are extensively focusing on improving their productivity and decreasing their operation costs, especially across industrial heating and drying applications. 

Hence, these industrial players are increasingly incorporating novel equipment such as industrial magnetron in heating appliances as it consumes less power by generating high microwave frequency with the flow of electrons in the magnetic field. 

Citing this trend, leading players in the market are focusing on launching heating application-specific products to capitalize on existing opportunities. For instance, Hitachi, a Japanese multinational conglomerate corporation announced launching its new superior quality industrial magnetrons for applications such as dry processing and microwave light emission. A slew of such new product launches is estimated to favor the growth in the market.

As per FMI, the global industrial magnetron market is expected to rise at a CAGR of 5.4% over the forecast period 2022-2026.

Country-wise Analysis

Why is the Demand for Industrial Magnetrons Surging in the U.S.?

“Growing Application in the Industrial Sector is set to bolster the Industrial Magnetrons Sales”

The U.S. is anticipated to emerge as a most lucrative industrial magnetrons market in North America, assisting the region to account for more than 38.2% of the revenue share by the end of 2022.

Industrial magnetrons are gaining immense popularity across the industrial sector in the U.S., owing to their favorable attributes such as high performance, efficiency, and quality. They are finding a wide range of applications across various end-use industries such as heating, drying, and plasma generation processes.

Growing government investment in expanding the industrial sector in the U.S. is estimated to accelerate the sales of industrial magnetrons in the forthcoming years.

Why is the Industrial Magnetrons Market in Germany Flourishing?

“Growing Production and Sales of Luxury Vehicles to Bolster the Demand for Industrial Magnetrons”

As per FMI, Germany is projected to exhibit growth at a robust CAGR in the Europe industrial magnetrons market over the assessment period.

Increasing production and sales of luxury vehicles is the primary factor favoring the growth in the market. According to the French Institute of International Relations, around 70% to 85% of luxury vehicles were manufactured by German automakers, out of which 96% of the premium cars were made in Germany in the year 2019.

As radars and global positioning systems (GPS) incorporated in these luxury cars extensively make use of magnetrons as signal sources for feeding the power to radar transmitters, this rise in production and sales of premium cars are forecast to fuel the demand for industrial magnetrons in Germany. This rise in demand is estimated to assist the Europe market to account for over 29.7% of the sales by 2022.

What are the Factor Favoring the Sales of Industrial Magnetrons in China?

“Surging Consumer Electronics Industry to Elevate the Sales of Industrial Magnetrons”

China is forecast to account for a significant share in the Asia Pacific excluding Japan (APEJ) market between 2022 and 2026, reveals FMI.

Rapidly expanding consumer electronics industry and surging demand for semiconductors are bolstering the demand for industrial magnetrons in China. Increasing use of industrial magnetrons in a variety of appliances and devices such as room heaters, microwave ovens, Bluetooth devices, wearable electronics, Wi-fi enabled devices, and others are accelerating the sales in the China market.

In addition, growing emphasis on the launch of miniaturized and lightweight magnetrons by the market players in the country is estimated to assist the APEJ market to account for around 19.1% of the demand share through 2022.

Category-wise Insights

Why is Continuous Wave Industrial Magnetrons Gaining Popularity?

“Focus on High Output Industrial Applications to Fuel Demand for Continuous Wave Industrial Magnetrons”

As per FMI, the continuous wave segment is anticipated to continue dominating the global industrial magnetrons market, accounting for more than 2/3rd of the sales between 2022 and 2026.

Manufacturers are increasingly leaning towards using continuous wave industrial magnetrons for high output industrial applications such dry processing, owing to their ability to generate several hundred watts of frequency from a few hundred megahertz frequency is propelling the demand across the segment.

Which Operating Frequency and Cooling Type are Preferred in the Market?

“Demand for X Band and Air Cooled Industrial Magnetrons to Remain High”

Future Market Insights reveals that the X band segment is projected to account for the dominant share in the industrial magnetrons market. Growing usage of X band industrial magnetrons in radar application including single-polarization, synthetic aperture radar, phased arrays, and others is the primary factor favoring the growth in the segment.

On the basis of cooling type, the global industrial magnetrons market is segmented into air cooled and water cooled. As per FMI, the air cooled segment is expected to register the fastest growth in the market, creating an absolute dollar opportunity of US$ 3 Bn by the end of 2026. The water cooled segment is estimated to account for 2/5th of the industrial magnetrons sales over the forecast period.

Why is the Sales of Industrial Magnetrons Increasing in Medical Sector?

“Increasing Application in Healthcare Sector to Favor the Industrial Magnetrons Market Growth”

The medical application segment is projected to register the growth at a rapid CAGR during the assessment period 2022-2026.

Growing use of industrial magnetrons in the healthcare sector for applications such as removal of unwanted tissue, structural health monitoring, removal of unwanted tissue, and treatment of large tumors is favoring the growth across the segment.

Apart from this, growing incorporation of industrial magnetrons in heating equipment for moisture reduction and drying process is favoring the sales in the industrial heating equipment segment.

Competitive Landscape

Leading players in the global industrial magnetrons market are aiming at developing new products to expand their product portfolio and gain competitive edge. Other companies are focusing on entering into collaborations, partnerships, mergers, and acquisition with other players to strengthen the global footprint.

For instance,

• In April 2021, LG Electronics, Inc., a South Korean multinational electronics company announced incorporating advanced magnetron sputtering in its novel NeON H solar panel to assist in robust light absorption, high conversion efficiency, and good power generation stability.

Scope of the Report

Attribute	Details
Forecast Period	2022 to 2026
Historical Data Available for	2012 to 2021
Market Analysis	US$ Billion for Value
Key Regions Covered	North America; Latin America; Europe; Asia Pacific excluding Japan; Japan; Middle East & Africa
Key Countries Covered	USA, Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments Covered	Product Type, Cooling Type, Operating Frequency, Application, and Region
Key Companies Profiled	Panasonic Corporation; Toshiba International Corporation; Hitachi Ltd.; L3 Technologies, Inc.; MUEGGE GmbH; Teledyne E2V Limited; CPI International Inc.; Richardson Electronics, Ltd.; MDP Components; STT International Limited.
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Industrial Magnetrons Market by Category

By Product Type:

• Continuous Wave
• Pulsed

By Cooling Type:

• Air Cooled
• Water Cooled

By Operating Frequency:

• L Band
• S Band
• C Band
• X Band
• Ku & Ka Band

By Applications:

• Industrial Heating Equipment
• Radar Systems
• Medical Applications
• Others

By Region:

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Frequently Asked Questions

What is the Growth Outlook for Industrial Magnetrons Market?

The market is likely to be valued at US$ 4.72 Bn in 2022.

How was the Historical Performance of the Market?

The market was valued at a CAGR of 4.9% between 2012-2021.

How does the Future of the Market Look Like?

The market is anticipated to record a CAGR of 5.4% through 2026

Which is the Leading Market?

The influences present high opportunities for players in the North America market.