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Vacuum Cleaning Furnace Market Size, Share & Industry Analysis, By Type (Vacuum Quench Furnaces, Vacuum Brazing Furnaces, Vacuum Carburizing Furnaces), By Industry (Aerospace, Automotive, Tool & Die, Power Generation) And Regional Forecast, 2024-2032

Region : Global | Report ID: FBI106122 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Vacuum furnaces are industrial furnaces that use electric heating components to achieve a near-vacuum state. They are primarily employed in the aerospace, tool and die, power generating, automotive, and commercial heat treatment industries, among other industries. A vacuum furnace is one in which a vacuum is formed and maintained through the product's processing. And since, there is no oxygen or other gases in the furnace, it prevents oxidation, contamination, and heat loss from the product by convention. This capability allows to heat things like metals and ceramics to temperatures of up to 3,000 degrees Celsius.


When metals are heated to extremely high temperatures, oxidation occurs, which is undesirable. Vacuum furnaces are used because they produce a vacuum within the system, which prevents contamination and oxidation, allowing activities like brazing, sintering, heat treatment & annealing to be carried out with low contamination & high consistency. Furthermore, most cleaning jobs may be completed more quickly and easily with today's vacuum cleaners. The need for creative cleaning equipment of all sizes is on the rise, prompting manufacturers to create solutions that incorporate cutting-edge technology.

The vacuum furnaces market is growing due to rising demand and growth in many industries such as electronics, medicinal, crystal growth, energy, artificial jewels, and others. Vacuum furnaces are used in a variety of businesses and research institutes. Additionally, the usage of a vacuum furnace instead of a blast furnace is becoming more popular due to its advantages over traditional furnaces, such as reduced carbon dioxide emissions and environmental friendliness. Furthermore, by implementing the Internet of Things (IoT) concept and systems integration to improve furnace maintainability and controllability, the market will be able to expand.

Vendors are increasingly focusing on cooperating heat treatment methods like as carburizing, quenching, tempering, and others with additive manufacturing (AM), since this would reduce the cost of producing metallic goods with precise metallurgical qualities, hence increasing demand. As the automobile and aircraft industries grow, so does the demand for commercial cars and aviation equipment, resulting in an increase in the demand for heat treatment processes. In addition, the worldwide vacuum furnace market is expected to develop due to an increase in the use of heat-treating processes in the construction industry.

Key Market Driver -

• Increase in the Usage of Heat-Treating Process in Construction Industry Driving Market Growth.

Key Market Restraint -

• Cost Restriction & Temperature Restraints


Key Players Covered:


Major players in the heat recovery systems market are Ipsen, ALD Vacuum Technologies, AMG Advanced, Metallurgical Group, ECM Technologies, Seco/Warwick Inc., IHI Machinery and Furnace Co., Ltd., Centorr Vacuum Industries, Solar Manufacturing, C.I. Hayes, Chugai Ro. Co. Ltd & others.

Regional Analysis:


North America expected to exhibit susbtantial growth in vacuum cleaning furnance market. This region’s market for vacuum furnaces is being driven by an increase in investments in car manufacturing plants from both developed and emerging countries, owing to factors such as rising population and rising disposable incomes. Furthermore, Companies are concentrating on improving the cleaning experience with digital features such as personalized recommendations and cleaning products that can be accessed via a smartphone app. In 2020, demand for vacuum cleaners grew at an exponential rate in both the residential and commercial sectors, owing to the increased requirement to maintain hygiene in the wake of the COVID-19 outbreak. Several companies reported a rise in income in these areas, although demand for vacuum cleaners in the industrial sector decreased as a result of global plant closures.

Europe is anticipated to witness high growth in vacuum cleaning furnance market in near future. This is a largest consumer market, with innovative aerospace and automotive industries leading the way. As a result of mergers and acquisitions, this region's market is going to mature significantly. Addiotionally, Several institutions, including schools and businesses, are likely to invest in vacuum cleaners as a result of the requirement to maintain good hygiene standards in order to avoid and decrease the spread of COVID-19.

Furthermore, Asia Pacific region is anticipated to experience profitable market throughout the forecast period. Due to the increased industrialisation in APAC economies such as India, China, and Japan. Furthermore, major manufacturers are extensively spending in R&D to provide innovative products to end customers and to meet the need for heat treatment solutions, which is expected to drive the market forward. Additionally, Some of the important elements fueling regional demand for vacuum cleaning furnance market include the strong presence of regional enterprises, the availability of low-cost products, and the high spending power of consumers. In emerging countries like India, the growing electrification of rural regions and the widespread availability of online sales channels are helping to boost demand for vacuum cleaners.

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Segmentation






















  ATTRIBUTE

  DETAILS

By Type



  • Vacuum Quench Furnaces

  • Vacuum Brazing Furnaces

  • Vacuum Carburizing Furnaces

  • Others



By Industry



  • Aerospace

  • Automotive

  • Tool & Die

  • Power Generation

  • Others



By Region



  • North America (U.S., Canada and Mexico)

  • Europe (U.K., Germany, Spain, Italy, France, Benelux, Nordics and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania and Rest of Asia Pacific)

  • Middle East & Africa (Israel, Turkey, GCC, North Africa, South Africa and Rest of the Middle East & Africa)

  • South America (Brazil, Argentina and Rest of South Africa)



Key Industry Developments



  • In January 2020 - Ipsen USA installed a TITAN® vacuum furnace at Stack Metallurgical Group's location in Spokane Valley, Washington. Stack Metallurgical Group is Nadcap accredited and the Northwestern United States' largest commercial heat treater.

  • In January 2021 - The ECM Group presents its latest offer dedicated to laboratories and research centers, ECM Lab Solutions. This new program gathers all products from the ECM Group that are designed and adapted to research and development for four main fields : metallurgy & heat treatment, crystal growth, semiconductor, and renewable energies.


  • Ongoing
  • 2023
  • 2019-2022

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