Pune, Maharashtra -- (SBWIRE) -- 12/09/2019 -- Vacuum Furnace Market:

Executive Summary

Vacuum furnaces find applications in varied industries like automotive, aerospace, tool and die, power sector, and commercial heat treatment factories. There has been a rising demand of the vacuum furnaces from these areas especially the automotive and aerospace sectors. They require commercial vehicles and aviation equipment for production of which vacuum furnaces is important. Due to the above factor, the Global vacuum furnace market is expected to see an extensive growth over the forecast period. A vacuum furnace is an industrial furnace used to heat the metallic elements at higher temperatures by creating a vacuum. The presence of vacuum leads to absence of oxygen and other gases. This helps in prevention from oxidation which may occur while heating the elements a higher temperature. It also prevents heat loss from the the element through convention process. The end result is that the heated element is contamination free and the activities like annealing, brazing, and sintering process are done with good consistency. The factors like increase in investment in vehicle manufacturing in developing economies owing to the rising population and high disposable income is also considered prime to estimate the Global vacuum furnace market in upcoming years.

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The manufacturers main focus is to collaborate the different heat treatment activities like carburizing, quenching, and tempering process with Additional Manufacturing(AM). This aids in reducing the production cost of metallic elements having specific metallurgical properties. Apart from this, the construction industry is foreseen to see an upsurge in the usage of heat treatment processes. These factors can be attributed to rising revenue share of the Global vacuum furnace market worldwide. Moreover,the vacuum furnaces are preferred over the blast furnace due to their environment friendly behaviour. This leads to the reduced levels of carbon emission. And apart from that, with the advancement in technology, the Internet of things(IoT) technique is enabling easy maintenance of the furnace. This is seen as a boom for the vendors. So the above factors are expected to contribute to the rising demand of the Global vacuum furnace market in the forthcoming years.

The report has studied that the new market players wishing to enter the vacuum furnace marketplace are welcomed only if they have technical advantage and downstream support. Without that, it will be difficult for them to survive only on the basis of money.

Market Segmentation

The report has studied the Global vacuum furnace market on the basis of different segments. This segmentation is expected to help the audience to take the right decision after studying the detailed insights. The segmentation is done considering the process type and applications type. The former includes the quench furnace, brazing furnace and carburizing furnace. The latter consist of aerospace, automotive, tool and die, power generation, and others.

Detailed Regional Analysis

The report studies detailed analysis of the Global vacuum furnace market considering the areas of North America, Europe, Asia-Pacific, South America, and Middle-east and Africa. Among them, Europe and North America will have largest market share owing to the technical advancement in automotive and aerospace sectors. In Asia Pacific region, the economies like India, China and Japan are witnessing rapid industrialization which will drive the market there.

Industry News

November 2019 : ALD Vacuum Technologies has received the General Motors quality excellence award for the fifth time in a row. They have also supplied single chamber vacuum furnaces with double the heat capacity to the aerospace sector to manufacture the critical aerospace parts.

Continuous…

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