At the moment, the global microwave magnetron market is expected to be worth roughly US$ 572 million. Microwave magnetrons are expected to grow at a stable CAGR of 5.2 percent, reaching US$ 947 million by 2031. Over the forecast period of 2021 to 2031, demand for pulsed magnetrons is expected to grow at a CAGR of 4.7 percent.
The growing usage of microwaves in a variety of industrial and commercial applications is projected to drive demand for microwave magnetrons. With the development of global economies, purchasers’ disposable money has increased, resulting in an increase in commercial food outlets and, in turn, an increase in demand for microwave magnetrons. Over the assessment period of 2021-2031, the market is expected to increase 1.7X.
By Product Type
- Pulsed Microwave Magnetrons
- Continuous Wave Magnetrons
- Microwave Magnetrons for Radars
- Microwave Magnetrons for Heating
- Microwave Magnetrons for Lighting
By End User
- Microwave Magnetrons for Telecom Industry
- Microwave Magnetrons for Aerospace Industry
- Microwave Magnetrons for Defence Industry
- Microwave Magnetrons for Electronics Industry
- Microwave Magnetrons for Mechanical Industry
Key microwave magnetron manufacturers also have a strong position in the global market, with a big number of clients, giving them a competitive advantage over their competitors. Furthermore, manufacturers take part in extensive promotional activities in order to increase their presence in the sector.
Major businesses are focusing on energy-efficient devices that can be controlled remotely via IoT (Internet of Things) technologies.
The following are some of the most significant developments:
Hitachi Power Solutions Co Ltd will release microwave magnetrons of excellent quality and high acclaim in 2020. This newly released product can be employed in a variety of applications, including dry processing, microwave light emissions, and so on.
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