The global microwave magnetron market was valued at US$ 572 million in 2021, according to a recent analysis by Fact.MR. Growing demand for microwaves in the foodservice and various commercial sectors is driving sales. As a result, the market is expected to reach US$ 947 million by 2031.

The rise in the consumption of ready-to-eat meals and frozen foods in emerging economies is significantly boosting microwave sales. This trend is expected to fuel steady growth, with the global microwave magnetron market projected to expand at a CAGR of 5.2% from 2021 to 2031.

Convection microwaves are becoming increasingly popular in the foodservice industry, particularly in hotels and restaurants, where large quantities of food need to be defrosted or reheated quickly. This is a key driver of market growth in the coming years.

In addition, the rising adoption of cooking appliances in the residential sector and the growing demand for microwaves in both small and large-scale food catering within the hospitality sector are also contributing to the market’s expansion.

Regarding product types, the pulsed magnetron segment is expected to experience the highest growth during the forecast period. Manufacturers are introducing advanced pulsed magnetrons, including those with silicon carbide-based microchip structures.

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This technique allows manufacturers to enhance etched surfaces and improve etch rates, creating growth opportunities for both new entrants and existing players throughout the forecast period.

According to the study, the U.S. is expected to lead the North America market during the projected period, driven by the rising demand for convenient cooking appliances and the expanding foodservice and catering industries.

"Stringent energy efficiency regulations are pushing manufacturers to develop products with an ENERGY STAR rating to ensure sustainability. This trend is anticipated to open new growth opportunities within the market. Additionally, leading players are integrating cutting-edge technologies such as the Internet of Things (IoT) into home appliances to boost revenues," says a Fact.MR analyst.

Key Takeaways:

• Demand in the heating application segment is projected to exceed US$ 249 Mn in 2021.
• In terms of end users, sales in the electronics industry, particularly for kitchen appliances, are expected to gain momentum in the coming years.
• Sales of pulsed magnetrons are forecast to grow at a 4.7% CAGR throughout the assessment period.
• The U.S. is anticipated to capture more than 60% of the North America market share during the forecast period.
• Sales of microwave magnetrons in the China market are expected to surpass US$ 188 Mn by 2031.
• Germany is expected to lead growth in the Europe market, driven by the rising adoption of smart home appliances in the country.

Growth Drivers:

• The introduction of features like user-friendly control panels and auto programs in microwaves is expected to further drive market growth.
• Additionally, the increasing adoption of semiconductors and advanced cavity magnetrons in radar systems to enhance usability is anticipated to boost sales in the market.

Competitive Landscape

Leading players in the microwave magnetron market are prioritizing research and development to integrate innovative technologies. Product development aimed at enhancing quality and efficiency remains a key focus.

Moreover, mergers, acquisitions, and collaborations are expected to be prominent growth strategies throughout the forecast period.

For example, in 2020, Hitachi Power Solutions Co. Ltd. introduced a new line of high-quality, highly rated microwave magnetrons. These advanced products are versatile, with applications across fields such as microwave light emissions and dry processing.

Key Players in the Microwave Magnetron Market Include:

• New Japan Radio Co. Ltd
• Frigidaire
• FURUNO
• Richardson Electronics

More Valuable Insights on Microwave Magnetron Market

Fact.MR provides an unbiased analysis of the microwave magnetron market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global microwave magnetron market with a detailed segmentation on the basis of:

Product Type:

• Pulsed Microwave Magnetrons
• Continuous Wave Magnetrons
• Others

Application:

• Radars
• Heating
• Lighting

End User:

• Telecom Industry
• Aerospace Industry
• Defence Industry
• Electronics Industry
• Mechanical Industry

Regions:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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