Market Overview:
The global vacuum ovens market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for vacuum ovens from various end-use industries, such as industrial, commercial, research & study, and others. In addition, the growing awareness about the benefits of using vacuum ovens is also contributing to the growth of this market. Based on type, squaroid vacuum ovens are expected to lead the global vacuum ovens market during the forecast period from 2018 to 2030. This can be attributed to their high efficiency and low operating costs as compared with other types of vacuum ovens available in the market.
Product Definition:
A vacuum oven is a laboratory instrument that uses a vacuum to decrease the air pressure inside the oven. This decreases the rate of evaporation of solvents from samples and allows for better control over temperature. Vacuum ovens are used in many laboratories for drying, curing, and sterilization applications.
Squaroid Vacuum Oven:
Squaroid vacuum oven is a device which is used in the manufacturing process of semiconductors and integrated circuits. It’s an essential tool for cleaning the wafers during the production of silicon chips. The product has different applications in different industries, it can be used as a heat exchanger, radiation shield, hot plate cleaner among others.
The product was developed by Fujitsu Ltd.
Multi Module Vacuum Oven:
Multi-Module Vacuum Oven (MMVO) is a combination of two appliances, which are vacuum cleaner and microwave oven. MMVO has the ability to heat as well as vacuum. It can be used for both heating and vacuum applications in one appliance. The most important factor that differentiates MMVO from other conventional appliances is its flexibility to operate on various power sources such as 120V, 240V, 12VDC or 24VDC.
Application Insights:
The industrial application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. The growing demand for processed food products, frozen foods, fast foods and bakery products across various regions is expected to boost product adoption in industrial applications.
Vacuum ovens are used in numerous industries including pharmaceutical, chemical, refineries and oil & gas among others owing to their benefits such as high efficiency thermal processing equipment with energy-efficient designs that consume less power and offer easy cleaning options along with cost-saving opportunities on maintenance costs. These factors are anticipated to drive the market demand during the forecast period which would eventually benefit industry participants during future investments decisions regarding new plant build or expansion projects at present locations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, most notably China and Japan. However, India is anticipated to emerge as a prominent player in this industry owing to increasing investments by domestic companies such as Syska (Bharat vacuum Oven) and Vacuum Industries Corporation of India Ltd. Moreover, rising awareness about convenience foods among consumers will drive demand for these appliances in this region.
Europe accounted for more than 20% share of the overall revenue in 2017 due to high product adoption by restaurants and food chains across countries including Germany, France, Italy, U.K.
Growth Factors:
- Increasing demand for vacuum ovens from the pharmaceutical and biotechnology industries for drying and curing applications.
- Growing popularity of vacuum ovens in research institutes and universities for various laboratory applications such as drying, sterilization, degassing, etc.
- Rising demand from the food processing industry for dehydration of fruits and vegetables using vacuum ovens.
- Increasing use of vacuum ovens in automotive manufacturing sector for curing composites and other materials used in automobiles manufacturing process.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vacuum Ovens Market Research Report
By Type
Squaroid Vacuum Oven, Multi Module Vacuum Oven, Others
By Application
Industrial, Commercial, Research & Study, Others
By Companies
Cole Parmer, Memmert, MTI, Sheldon Manufacturing, Thermo Fisher, Accumax India, BINDER, Cascade TEK, ESPEC, Grieve, Cole Parmer, SalvisLab Renggli, Shanghai Hasuc Instrument Manufacture, Ted Pella, Yamato Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Vacuum Ovens Market Report Segments:
The global Vacuum Ovens market is segmented on the basis of:
Types
Squaroid Vacuum Oven, Multi Module Vacuum Oven, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial, Research & Study, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cole Parmer
- Memmert
- MTI
- Sheldon Manufacturing
- Thermo Fisher
- Accumax India
- BINDER
- Cascade TEK
- ESPEC
- Grieve
- Cole Parmer
- SalvisLab Renggli
- Shanghai Hasuc Instrument Manufacture
- Ted Pella
- Yamato Scientific
Highlights of The Vacuum Ovens Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Squaroid Vacuum Oven
- Multi Module Vacuum Oven
- Others
- By Application:
- Industrial
- Commercial
- Research & Study
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vacuum Ovens Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A vacuum oven is a kitchen appliance that uses a fan to create negative pressure in the oven cavity, which sucks air out of the oven and creates heat. This heat cooks food more quickly than traditional ovens.
Some of the major players in the vacuum ovens market are Cole Parmer, Memmert, MTI, Sheldon Manufacturing, Thermo Fisher, Accumax India, BINDER, Cascade TEK, ESPEC, Grieve, Cole Parmer, SalvisLab Renggli, Shanghai Hasuc Instrument Manufacture, Ted Pella, Yamato Scientific.
The vacuum ovens market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vacuum Ovens Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Vacuum Ovens Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Vacuum Ovens Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Vacuum Ovens Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Vacuum Ovens Market Size & Forecast, 2020-2028 4.5.1 Vacuum Ovens Market Size and Y-o-Y Growth 4.5.2 Vacuum Ovens Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Squaroid Vacuum Oven
5.2.2 Multi Module Vacuum Oven
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Research & Study
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vacuum Ovens Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vacuum Ovens Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Squaroid Vacuum Oven
9.6.2 Multi Module Vacuum Oven
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Research & Study
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Squaroid Vacuum Oven
10.6.2 Multi Module Vacuum Oven
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Research & Study
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Squaroid Vacuum Oven
11.6.2 Multi Module Vacuum Oven
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Research & Study
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Squaroid Vacuum Oven
12.6.2 Multi Module Vacuum Oven
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Research & Study
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Squaroid Vacuum Oven
13.6.2 Multi Module Vacuum Oven
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Research & Study
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vacuum Ovens Market: Competitive Dashboard
14.2 Global Vacuum Ovens Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cole Parmer
14.3.2 Memmert
14.3.3 MTI
14.3.4 Sheldon Manufacturing
14.3.5 Thermo Fisher
14.3.6 Accumax India
14.3.7 BINDER
14.3.8 Cascade TEK
14.3.9 ESPEC
14.3.10 Grieve
14.3.11 Cole Parmer
14.3.12 SalvisLab Renggli
14.3.13 Shanghai Hasuc Instrument Manufacture
14.3.14 Ted Pella
14.3.15 Yamato Scientific