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Vacuum Furnaces Market Size, Share | Industry Report [2031]

Vacuum Furnaces Market

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Segments - by Type (Vacuum Brazing Furnaces, Vacuum Carburizing Furnaces, Vacuum Quench Furnaces, and Others), Operation (Internal Heat Treatment and External Heat Treatment), End-user (Power Generation, Aerospace, Automotive, Tool and Die, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Report Description

The global vacuum furnaces market size was valued at USD 963.99 Million in 2022 and is likely to reach USD 1.27 Billion by 2031, expanding at a CAGR of 3.2% during the forecast period, 2023–2031. The high demand for vacuum furnaces in automotive sector is anticipated to drive the market in the coming years.

A vacuum furnace allows for the treatment of heat in the vacuum. Cold wall vacuum furnaces work with a water-cooled vacuum recipient. The heating elements are placed inside this recipient, which is kept cold during the heat treatment process. Moreover, hot wall vacuum furnaces hand functions with heating elements. The elements are placed outside the vacuum recipient while the receiver is heated.

The applications of vacuum heat treatment include vacuum annealing, vacuum soldering and brazing, and sintering. A vacuum furnace is used for any type of heat treatment in a non-oxidizing atmosphere. Moreover, vacuum furnaces are used for heat treatment with oxygen concentration.

The COVID-19 pandemic hampered the vacuum furnace market. According to the International Monetary Fund (IMF), the economic output rose by 6.5% in 2021 in emerging countries, followed by a decline of 2.0% in 2020. Cases related to COVID-19 reduced in the middle of 2022, which in turn, led to the complete re-opening of vacuum furnace industries.

Vacuum Furnaces Market Dynamics

Major Drivers

Population growth, rising disposable income, and globalization propel industries including automotive, aerospace, and others. These industries are prominent users of vacuum furnaces. Thus, their expansion is expected to drive the market. Moreover, by applying the Internet of Things (IoT) several developments in systems to upgrade the furnace quality and controlling ability boost the market.

Existing Restraints

The ability of heat transfer in vacuum furnaces is low. The cost of the furnaces is high, which in turn, hampers the market. The components in the vacuum furnace are heated leading to a decline in hardness with previously quenched materials.

Emerging Opportunities

The use of vacuum furnaces in the R&D sector is likely to create lucrative opportunities in the market. The producers of vacuum furnaces are developing their products to make them more effective. Rise in the number of R&D activities is anticipated to propel the market.

Scope of Vacuum Furnaces Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Vacuum Furnaces Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Type (Vacuum Brazing Furnaces, Vacuum Carburizing Furnaces, Vacuum Quench Furnaces, and Others), Operation (Internal Heat Treatment and External Heat Treatment), End-user (Power Generation, Aerospace, Automotive, Tool and Die, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report	HHV; Ipsen; ALD Vacuum Technologies; Chugai Ro Co., Ltd.; TAV VACUUM FURNACES; Centorr Vacuum Industries; AMG; IHI Machinery and Furnace Co.,Ltd; Gasbarre Products, Inc.; and SECO/WARWICK, INC.

Vacuum Furnaces Market Segment Insights

Type Segment Analysis

Based on type, the vacuum furnaces market is divided into vacuum brazing furnaces, vacuum carburizing furnaces, vacuum quench furnaces, and others. The vacuum brazing furnaces segment is expected to expand at a significant pace during the projection period.

Operation Segment Analysis

On the basis of operation, the global market is segregated into internal heat treatment and external heat treatment. The internal heat treatment segment is projected to register a considerable CAGR during the forecast period. Internal heat treatment is required for manufacturing high-temperature furnaces. The manufacturing capability is high in internal heat treatment.

Vacuum brazing is used to make high-quality joints with different materials such as ceramic and steel. It employs temperatures ranging between 800°C and 1150°C in a vacuum atmosphere. The vacuum brazing furnaces add two or more metal materials together. The brazing oven is heated until the metal started to flow by the time the liquid metal solidifies.

End-user Segment Analysis

In terms of end-user, the vacuum furnaces market is categorized as power generation, aerospace, automotive, tool and die, and others. The aerospace segment is expected to register a robust growth rate during the forecast period. Vacuum furnace is primarily employed in aerospace.

The furnaces are widely used in different procedures including aging, and heat treatment for several materials. Moreover, vacuum furnaces are used to assure a reduction in contamination at the time of heat treatment.

Regional Analysis

Based on region, the global vacuum furnaces market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period. Key players in the region are focusing on developing digital features including cleaning-related products. The products can be accessed through mobile applications and specialized recommendations.

Segments

The vacuum furnaces market has been segmented on the basis of

Type

Vacuum Brazing Furnaces
Vacuum Carburizing Furnaces
Vacuum Quench Furnaces
Others

Operation

Internal Heat Treatment
External Heat Treatment

End-user

Power Generation
Aerospace
Automotive
Tool and Die
Others

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

HHV
Ipsen
ALD Vacuum Technologies
Chugai Ro Co., Ltd.
TAV VACUUM FURNACES
Centorr Vacuum Industries
AMG
IHI Machinery and Furnace Co.,Ltd
Gasbarre Products, Inc.
SECO/WARWICK, INC.

Competitive Landscape

Key players competing in the global vacuum furnaces market are HHV; Ipsen; ALD Vacuum Technologies; Chugai Ro Co., Ltd.; TAV VACUUM FURNACES; Centorr Vacuum Industries; AMG; IHI Machinery and Furnace Co.,Ltd; Gasbarre Products, Inc.; and SECO/WARWICK, INC. These companies use strategies such as acquisitions, mergers, production expansion, collaboration, partnerships, and product launches to cater to the increasing demand from consumers worldwide. For instance,

In September 2021, Centorr Vacuum Industries announced the launch of six furnaces under its Workhouse product line. These furnaces are likely to be employed for applications such as process metals for brazing, annealing, and treating and other uses.

In February 2022, Ipsen extended its services by introducing ultrasonic wall thickness testing for vacuum furnaces. This non-destructive method removes the small amounts of paint at each test point.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vacuum Furnaces Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Vacuum Furnaces Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Vacuum Furnaces Market - Supply Chain
  4.5. Global Vacuum Furnaces Market Forecast
     4.5.1. Vacuum Furnaces Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Vacuum Furnaces Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Vacuum Furnaces Market Absolute $ Opportunity
5. Global Vacuum Furnaces Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Vacuum Furnaces Market Size and Volume Forecast by Types
     5.3.1. Vacuum Brazing Furnaces
     5.3.2. Vacuum Carburizing Furnaces
     5.3.3. Vacuum Quench Furnaces
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Vacuum Furnaces Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Vacuum Furnaces Market Size and Volume Forecast by End Users
     6.3.1. Power Generation
     6.3.2. Aerospace
     6.3.3. Automotive
     6.3.4. Tool and Die
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Vacuum Furnaces Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Vacuum Furnaces Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Vacuum Furnaces Demand Share Forecast, 2019-2026
8. North America Vacuum Furnaces Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Vacuum Furnaces Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Vacuum Furnaces Market Size and Volume Forecast by Types
     8.4.1. Vacuum Brazing Furnaces
     8.4.2. Vacuum Carburizing Furnaces
     8.4.3. Vacuum Quench Furnaces
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Vacuum Furnaces Market Size and Volume Forecast by End Users
     8.7.1. Power Generation
     8.7.2. Aerospace
     8.7.3. Automotive
     8.7.4. Tool and Die
     8.7.5. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Vacuum Furnaces Demand Share Forecast, 2019-2026
9. Latin America Vacuum Furnaces Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Vacuum Furnaces Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Vacuum Furnaces Market Size and Volume Forecast by Types
     9.4.1. Vacuum Brazing Furnaces
     9.4.2. Vacuum Carburizing Furnaces
     9.4.3. Vacuum Quench Furnaces
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Vacuum Furnaces Market Size and Volume Forecast by End Users
     9.7.1. Power Generation
     9.7.2. Aerospace
     9.7.3. Automotive
     9.7.4. Tool and Die
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Vacuum Furnaces Demand Share Forecast, 2019-2026
10. Europe Vacuum Furnaces Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Vacuum Furnaces Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
  10.4. Europe Vacuum Furnaces Market Size and Volume Forecast by Types
     10.4.1. Vacuum Brazing Furnaces
     10.4.2. Vacuum Carburizing Furnaces
     10.4.3. Vacuum Quench Furnaces
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Vacuum Furnaces Market Size and Volume Forecast by End Users
     10.7.1. Power Generation
     10.7.2. Aerospace
     10.7.3. Automotive
     10.7.4. Tool and Die
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Vacuum Furnaces Demand Share Forecast, 2019-2026
11. Asia Pacific Vacuum Furnaces Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Vacuum Furnaces Market Size and Volume 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. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Vacuum Furnaces Market Size and Volume Forecast by Types
     11.4.1. Vacuum Brazing Furnaces
     11.4.2. Vacuum Carburizing Furnaces
     11.4.3. Vacuum Quench Furnaces
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Vacuum Furnaces Market Size and Volume Forecast by End Users
     11.7.1. Power Generation
     11.7.2. Aerospace
     11.7.3. Automotive
     11.7.4. Tool and Die
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Vacuum Furnaces Demand Share Forecast, 2019-2026
12. Middle East & Africa Vacuum Furnaces Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Vacuum Furnaces Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Vacuum Furnaces Market Size and Volume Forecast by Types
     12.4.1. Vacuum Brazing Furnaces
     12.4.2. Vacuum Carburizing Furnaces
     12.4.3. Vacuum Quench Furnaces
     12.4.4. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Vacuum Furnaces Market Size and Volume Forecast by End Users
     12.7.1. Power Generation
     12.7.2. Aerospace
     12.7.3. Automotive
     12.7.4. Tool and Die
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Vacuum Furnaces Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Vacuum Furnaces Market: Market Share Analysis
  13.2. Vacuum Furnaces Distributors and Customers
  13.3. Vacuum Furnaces Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. HHV
     13.4.2. Ipsen
     13.4.3. ALD Vacuum Technologies
     13.4.4. Chugai Ro Co., Ltd.
     13.4.5. TAV VACUUM FURNACES
     13.4.6. Centorr Vacuum Industries
     13.4.7. AMG
     13.4.8. IHI Machinery and Furnace Co.,Ltd
     13.4.9. Gasbarre Products, Inc.
     13.4.10. SECO/WARWICK, INC.

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