About Microwave Magnetron
Magnetron is defined as the vacuum tube that is used to generate microwaves of high power. It is constructed of a vacuums tube having two electrodes. Some of the advantages of the microwave magnetron such as high adhesion of films, ease of sputtering, high deposition rates, ability to coat heat-sensitive substrates, among others. It is widely used in various application such as radar, heating, lighting, among others. Rapid advancement in electronic appliances and increasing disposal income among consumer are driving the market for microwave magnetron.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly fragmented with the presence of various operating in the market. LG Electronics Inc. (South Korea), Toshiba Corporation (Japan), Samsung Group (South Korea), Teledyne e2v (United Kingdom), among others are among the prominent players. Other notable players in the industry include Hitachi, Ltd. (Japan), Midea Group (China), Guangdong Galanz Group Co., Ltd. (China), among others Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LG Electronics Inc. (South Korea), Toshiba Corporation (Japan), Samsung Group (South Korea), Teledyne e2v (United Kingdom), Hitachi, Ltd. (Japan), Midea Group (China), Guangdong Galanz Group Co., Ltd. (China), Panasonic Corporation (Japan) and Daewoo Electronics Corporation (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Microwave Magnetron market by Type (Negative Resistance Type, Cyclotron Frequency Type, Travelling wave or Cavity Type and Others), Application (Radar, Heating, Lighting and Others) and Region.
On the basis of geography, the market of Microwave Magnetron has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Filament Voltage, the sub-segment i.e. 0-3V will boost the Microwave Magnetron market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Housing Material, the sub-segment i.e. Stainless Steel will boost the Microwave Magnetron market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Frequency, the sub-segment i.e. 0-100 MHz will boost the Microwave Magnetron market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advantages in Microwave Magnetron, Rising Number of Customer from Online Channel and Increasing Awareness about Different Cooking Media such as Microwave Oven
Market Growth Drivers:
Rapid demand for Rapid Advancement in Electronic Appliances and Increasing usage of Microwave Magnetron in Numerous Application
Challenges:
Issue related to High Cost of Product and Limited in Use
Restraints:
High Energy Consumption by Microwave Ovens and In Magnetron, the Frequency is Not Precisely Controllable
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
Market Leaders and their expansionary development strategies
In July 2021, Microwave Techniques, LLC (MT), the parent company of both Maine based Mega Industries (MEGA) and New Hampshire based Ferrite Microwave Technologies (FMT) has acquired all of the assets and IP of Raleigh, North Carolina based Industrial Microwave Systems, LLC. (IMS) from Laitram, LLC. These two long-time leading microwave systems brands are recognized worldwide for innovative and robust designs and reliability.
In 2020, Hitachi Power Solutions Co. Ltd. launched a series of superior quality highly evaluated microwave magnetrons. The new product line can be used in a variety of fields such as microwave light emissions and dry processing.
According to an article published by Code of Federal Regulations (CFR), “microwave oven means a class of cooking products which is a household cooking appliance consisting of a compartment designed to cook or heat food by means of microwave energy”.
Key Target Audience
Microwave Magnetron Manufacturers Company, Wholesalers, Distributors and Retailers of Microwave Magnetron, Research and Development (R&D) Companies, Research Organization and Federal Agencies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.