Magnetron - Global Strategic Business Report 2023: Rise in Use of Microwave Ovens Benefits Demand for Magnetron

DUBLIN, June 15, 2023 /PRNewswire/ -- The "Magnetron - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Magnetron Market to Reach $5.9 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Magnetron estimated at US$4.5 Billion in the year 2022, is projected to reach a revised size of US$5.9 Billion by 2030, growing at a CAGR of 3.4% over the analysis period 2022-2030. Home Appliances, one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$4.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Other End-Uses segment is readjusted to a revised 2.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 5.6% CAGR

The Magnetron market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 2.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Select Competitors (Total 59 Featured)-

• Dongbu Daewoo Electronics Corporation
• Frigidaire
• Furuno Electric Co., Ltd.
• Haier Group
• LG Electronics, Inc.
• Midea Group Co., Ltd.
• Panasonic Corporation
• Robert Bosch GmbH
• Samsung Electronics Co., Ltd.
• Sharp Corporation
• Teledyne e2v
• Toshiba Corporation
• Whirlpool Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Magnetron Market to Sustain Growth Driven by Expanding Applications and Strong Demand for Smart Home Appliances
• Global Economic Update
• Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
• War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
• Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
• COVID-19 Pandemic Proves to be an Unexpected Boon for Microwave Ovens
• Note on the Widening Demand-Supply Gap in Home Appliances Market
• Competition
• Magnetron - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• Magentron: A Prelude
• Basic Arrangement & Working Principle
• Types of Magnetrons
• Primary Applications
• Recent Market Activity
• WORLD BRANDS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Rise in Use of Microwave Ovens Benefits Demand for Magnetron
• Proliferation of Smart Homes at an Accelerating Pace Drives Consumption of Smart Appliances, Hence Driving the Need for Magnetron Technology Advancements
• Adoption Rate (in %) for Global Smart Homes: 2017-2025
• Return to Economic Normalcy Reignites Growth in Smart Homes to Push Opportunities for Smart Home Appliances
• Growing Number of Smart Homes Catalyzes the Creation of Smart Appliances: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
• Age of Smart Ovens Drives Magnetron Capabilities
• Smart Inverter Technology Garners Attention
• Solid-state Devices yet to Threaten the Status of Magnetrons in Microwave Ovens
• Rise in Defense Spending Amid Rising Geopolitical Unrest to Benefit Demand for Magnetrons
• World Military Expenditure in US$ Billion (2015-2022)
• Robust Defense Spending Amid the Unfortunate State of Global Geo-Political Affairs Opens Opportunities for Increased Spending on Critical Communication Systems: Military Spending by Top Countries in 2022 (In US$ Billion)
• Industrial Magnetrons: Notable Applications & Threat Posed by Alternatives
• Why Solid State Technology is Gaining Attention
• Key Advantages of Solid-State Microwave Generators Over Magnetron Generators
• Magnetrons Find Added Opportunities in Marine and Coastal Surveillance
• Seaborne Trade Outlook: Projected Seaborne Trade Volume in Billion Tons for the Years 2020, 2025, 2030 and 2035
• Magnetrons in Non-Destructive Testing Of Civil Infrastructure
• Sustained Demand for Linear Accelerators (LINACs) Drives Opportunities for Magnetometers
• Magnetrons Find Added Opportunities in Marine and Coastal Surveillance
• Select Innovations and Developments

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/9mxlpd

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