Home Uncategorized Vacuum Ovens Market Size, Share, Industry Growth, Price Analysis, Forecast, Report 2021-2026

Vacuum Ovens Market Size, Share, Industry Growth, Price Analysis, Forecast, Report 2021-2026

40
0

According to the latest report by IMARC Group, the global vacuum ovens market size reached a value of US$ 304.8 Million by 2026.

Vacuum ovens are versatile pieces of equipment that are utilized to remove gas, moisture, residual traces of lubricants and surface contaminants, such as oxide films while preventing surface reactions, such as oxidation or decarburization. These ovens are used for heat-treating process which takes place inside an airtight vessel. This, consequently, allows a vacuum to be drawn inside the vessel, which reduces the pressure and boiling point of most substances. These ovens are used across various industries, and engineering and laboratory research centers for the production of packaged food products, essential oils, semiconductors and implantable medical devices.

Global Vacuum Ovens Market Trends:

Vacuum ovens are extensively utilized by legalized cannabis growers to process cannabis extracts like Butane Hash oil (BHOs). These ovens evaporate the residual solvents in the vacuum chamber, which are then pulled out with the use of the vacuum. This process is essential for extracting purified oil while reducing the risk of fire when using highly flammable solvents like Butane. Apart from this, these ovens are also utilized in the electronics industry, which is another major growth-inducing factor. Vacuum ovens are employed to dry the electronic devices and cure the coatings of printed circuit boards without the risks of warping the parts. Furthermore, these ovens are used by the medical industry to remove toxic chemicals from various implantable medical devices, such as pacemakers and catheters. On account of the aforementioned factors, the market is expected to reach a value of US$ 271.1 Million by 2024, growing at a CAGR of 7.2% during 2019-2024.

Some of the major players operating in the industry include:

  1. Cole-Parmer
    2. Memmert
    3. MTI
    4. Sheldon Manufacturing
    5. Thermo Fisher (TMO)
    6. Accumax India
    7. BINDER
    8. Cascade TEK
    9. ESPEC (TYO: 6859)
    10. Grieve
    11. JEIO
    12. SalvisLab Renggli
    13. Shanghai Hasuc Instrument
    14. Ted Pella (0052595D:US)
    15. Yamato Scientific

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/vacuum-ovens-market/requestsample

Market Segmentation:

Market Breakup by Product Type

  1. <200
    2. 200-300
    3. >300

Market Breakup by Application

  1. Home Appliances
    2. Commercial Appliances

Market Breakup by Region

  1. North America
    2. Europe
    3. Asia Pacific
    4. Middle East and Africa
    5. Latin America

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800