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Vacuum Ovens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global vacuum ovens market reached a value of US$ 199.4 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 304.8 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A vacuum oven is an extremely versatile equipment that has applications in laboratory research, engineering, and industry. In vacuum ovens, the process of heat treatment takes place inside an airtight vessel. This enables a vacuum to be drawn inside the vessel. The entire heat-treating procedure can be initiated under vacuum or precisely controlled environments can be introduced. Heat treating under vacuum can provide numerous advantages such as:

  • It can prevent surface reactions like oxidation or decarburization
  • It can remove surface contaminants like oxide films and residual traces of lubricants
  • It can add a substance to the surface layers of the work
  • It can remove dissolved contaminating materials from metals by degassing
     

The rise of the vacuum oven market largely relies on the legalised use of cannabis in considerable parts of the world and the commercialisation that materializes with it. For the legalised cannabis growers, vacuum ovens help them to process cannabis extract BHOs (Butane Hash oil). Through these vacuums, the growers get purified oil extract, along with a reduced risk of fire while performing the entire process. The vacuum ovens are also used in the medical industry to remove chemicals that are possibly toxic to the human body. This process is essentially compelling for embedded medical devices like artificial heart valves, pacemakers and even joints. In addition to this, these ovens are also used in order to comprehend how a device will react to the high vacuum environment of space, which makes them a viable equipment for the aerospace industry. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vacuum ovens market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on product type and application.

Breakup by Product Type:

  • <200
  • 200-300
  • >300
     

Based on the product type, the market has been segmented into <200, 200-300 and > 300.

Breakup by Application:

  • Home Appliances
  • Commercial Appliances
     

Based on the application, the market has been segmented into home appliances and commercial appliances.

Regional Insights:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Cole-Parmer, Memmert, MTI, Sheldon Manufacturing, Thermo Fisher, Accumax India, BINDER, Cascade TEK, ESPEC, Grieve, JEIO, SalvisLab Renggli, Shanghai Hasuc Instrument, Ted Pella and Yamato Scientific.

This report provides a deep insight into the global vacuum ovens market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the vacuum ovens industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Cole-Parmer, Memmert, MTI, Sheldon Manufacturing, Thermo Fisher, Accumax India, BINDER, Cascade TEK, ESPEC, Grieve, JEIO, SalvisLab Renggli, Shanghai Hasuc Instrument, Ted Pella and Yamato Scientific.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global vacuum ovens market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global vacuum ovens industry?
  • What has been the impact of COVID-19 on the global vacuum ovens industry?
  • What is the breakup of the vacuum ovens market on the basis of product types?
  • What is the breakup of the vacuum ovens market on the basis of application?
  • What are the price trends of vacuum ovens?
  • What are the various stages in the value chain of the global vacuum ovens market?
  • What are the key driving factors and challenges in the global vacuum ovens market?
  • What is the structure of the global vacuum ovens market and who are the key players?
  • What is the degree of competition in the global vacuum ovens market?
  • How are vacuum ovens manufactured?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Vacuum Ovens Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Application
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Raw Material Procurement
        5.9.3    Manufacturing
        5.9.4    Marketing
        5.9.5    Distribution
        5.9.6    End-Use
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
    5.11    Price Analysis
6   Market Breakup by Product Type
    6.1    <200
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    200-300
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    >300
        6.3.1    Market Trends
        6.3.2    Market Forecast
7   Market Breakup by Application
    7.1    Home Appliances
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Commercial Appliances
        7.2.1    Market Trends
        7.2.2    Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Europe
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Asia Pacific
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Middle East and Africa
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Latin America
        8.5.1    Market Trends
        8.5.2    Market Forecast
9   Vacuum Ovens Manufacturing Process
    9.1    Product Overview
    9.2    Raw Material Requirements
    9.3    Manufacturing Process
    9.4    Key Success and Risk Factors
10   Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
        10.3.1    Cole-Parmer
        10.3.2    Memmert
        10.3.3    MTI
        10.3.4    Sheldon Manufacturing
        10.3.5    Thermo Fisher
        10.3.6    Accumax India
        10.3.7    BINDER
        10.3.8    Cascade TEK
        10.3.9    ESPEC
        10.3.10    Grieve
        10.3.11    JEIO
        10.3.12    SalvisLab Renggli
        10.3.13    Shanghai Hasuc Instrument
        10.3.14    Ted Pella
        10.3.15    Yamato Scientific


List of Figures

Figure 1: Global: Vacuum Ovens Market: Major Drivers and Challenges
Figure 2: Global: Vacuum Ovens Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Vacuum Ovens Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Vacuum Ovens Market: Breakup by Application (in %), 2020
Figure 5: Global: Vacuum Ovens Market: Breakup by Region (in %), 2020
Figure 6: Global: Vacuum Ovens Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 7: Global: Vacuum Ovens Industry: SWOT Analysis
Figure 8: Global: Vacuum Ovens Industry: Value Chain Analysis
Figure 9: Global: Vacuum Ovens Industry: Porter’s Five Forces Analysis
Figure 10: Vacuum Ovens Market: Price Structure (in %)
Figure 11: Global: Vacuum Ovens (<200) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Vacuum Ovens (<200) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Vacuum Ovens (200-300) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Vacuum Ovens (200-300) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Vacuum Ovens (>300) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Vacuum Ovens (>300) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Vacuum Ovens (Home Appliances) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Vacuum Ovens (Home Appliances) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Vacuum Ovens (Commercial Appliances) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Vacuum Ovens (Commercial Appliances) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: North America: Vacuum Ovens Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: North America: Vacuum Ovens Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Europe: Vacuum Ovens Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Europe: Vacuum Ovens Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Asia Pacific: Vacuum Ovens Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Asia Pacific: Vacuum Ovens Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Middle East and Africa: Vacuum Ovens Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Middle East and Africa: Vacuum Ovens Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Latin America: Vacuum Ovens Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Latin America: Vacuum Ovens Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Vacuum Ovens Manufacturing: Detailed Process Flow
 

List of Tables

Table 1: Global: Vacuum Ovens Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Vacuum Ovens Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Vacuum Ovens Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Vacuum Ovens Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Vacuum Ovens Manufacturing: Raw Material Requirements
Table 6: Global: Vacuum Ovens Market: Competitive Structure
Table 7: Global: Vacuum Ovens Market: Key Players

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