Selbyville, DE -- (SBWIRE) -- 03/19/2019 -- The Industrial Microwave Heating market is anticipated to reach over 1,602.1 million by 2026 according to a new research. In 2017, the Magnetron segment dominated the global market, in terms of revenue. Europe is expected to be the leading contributor to the global market revenue during the forecast period.

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The leading companies profiled in the Industrial Microwave Heating Market report include Hitachi Power Solutions Co., Ltd., Muegge GmbH, Teledyne e2v Limited, Industrial Microwave Systems Ltd., CoberMuegge LLC, Communications & Power Industries LLC (CPI), L3 Technologies, Inc., Richardson Electronics, Ltd., MDP Components, STT International Limited, Panasonic Corporation, and Toshiba International Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

The diverse applications of Industrial Microwave Heating in industries such as pharmaceutical, plastic, chemical, paper, and food and beverages among others are expected to support the growth of this market. Other driving factors include lower maintenance costs, higher operating efficiency, and reduced power consumption. However, increasing prices of electricity hamper the growth of the market. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

The growing adoption of industrial microwave heating in food and beverage, and pharmaceutical sectors is expected to support the Industrial Microwave Heating market growth. The increasing requirement for even heating while increasing production speeds and reducing production costs drives the demand for industrial microwave heating. The growing trend towards use of energy efficient microwave heating is expected to boost the growth of the industrial microwave heating market.

The Europe Industrial Microwave Heating Market generated the highest revenue in 2017 and is expected to lead the global market throughout the forecast period. The presence of established industries such as pharmaceutical, plastic, paper, and wood among others, substantial initiatives in research and development, and favorable government policies drive the market growth. Rapid industrialization and growth of manufacturing industry further support the Industrial Microwave Heating market growth in the region.

The different applications of Industrial Microwave Heating include pharmaceutical, plastic, chemical, paper, food and beverages, and others. In 2017, the food and beverages segment accounted for the highest market share owing to the increasing demand for drying, sterilizing, and mold-proofing of food products. Microwave heating is also used for cooking, foaming, blanching, and drying processes for manufacturing of foods and beverages.

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Table of Contents

1. Overview and Scope
2. Executive Summary
3. Industrial Microwave Heating Market Insights
4. Industrial Microwave Heating Market Size and Forecast, 2017-2026 by Equipment
6. Industrial Microwave Heating Market Size and Forecast, 2017-2026 by Region
7. Company Profiles
7.1. Hitachi Power Solutions Co., Ltd.
7.1.1. Overview
7.1.2. Financials
7.1.3. Product Benchmarking
7.1.4. Recent Developments
7.2. Muegge GmbH
7.2.1. Overview
7.2.2. Financials
7.2.3. Product Benchmarking
7.2.4. Recent Developments
7.3. Teledyne e2v Limited
7.3.1. Overview
7.3.2. Financials
7.3.3. Product Benchmarking
7.3.4. Recent Developments
7.4. Industrial Microwave Systems Ltd.
7.4.1. Overview
7.4.2. Financials
7.4.3. Product Benchmarking
7.4.4. Recent Developments
7.5. CoberMuegge LLC
7.5.1. Overview
7.5.2. Financials
7.5.3. Product Benchmarking
7.5.4. Recent Developments
7.6. Communications & Power Industries LLC (CPI)
7.6.1. Overview
7.6.2. Financials
7.6.3. Product Benchmarking
7.6.4. Recent Developments
7.7. L3 Technologies, Inc.
7.7.1. Overview
7.7.2. Financials
7.7.3. Product Benchmarking
7.7.4. Recent Developments
7.8. Richardson Electronics, Ltd.
7.8.1. Overview
7.8.2. Financials
7.8.3. Product Benchmarking
7.8.4. Recent Developments
7.9. MDP Components
7.9.1. Overview
7.9.2. Financials
7.9.3. Product Benchmarking
7.9.4. Recent Developments
7.10. STT International Limited
7.10.1. Overview
7.10.2. Financials
7.10.3. Product Benchmarking
7.10.4. Recent Developments
7.11. Panasonic Corporation
7.11.1. Overview
7.11.2. Financials
7.11.3. Product Benchmarking
7.11.4. Recent Developments
7.12. Toshiba International Corporation
7.12.1. Overview
7.12.2. Financials
7.12.3. Product Benchmarking
7.12.4. Recent Developments

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